<!-- Begin definition
var definition = new Array();
Stamp = new Date();
today = Stamp.getDate();
definition[1] = "When an options holder exercises the contract, an options writer is chosen to fulfill the obligation.";
definition[2] = "A pricing model that calculates the theoretical value of an option, based on factors including volatility and time until expiration.";
definition[3] = "You simultaneously purchase shares of stock and write a call on that stock.";
definition[4] = "If you're an options holder, this means you give an order to act on an option, and the options writer must transfer to you or receive from you the shares of stock-or amount of cash-covered by the option.";
definition[5] = "The date after which an option is no longer valid, and you can no longer exercise it.";
definition[6] = "If you purchase an option to open a position, what are you?";
definition[7] = "The value of an option if you exercised it at a given moment. Out-of-the-money and at-the-money options do not have me. For in-the-money options, I am the difference between the strike price and the underlying stock price.";
definition[8] = "Each separate options position in a strategy that calls for you to hold multiple positions at the same time, such as a spread.";
definition[9] = " An option whose expiration date is between one and three years away.";
definition[10] = "A tool that lets you see all the available options for an underlying stock, including their prices and other trading data.";
definition[11] = "All the calls or puts on an underlying stock with identical terms, including expiration month and strike price.";
definition[12] = "When you purchase a put on stock you already own.";
definition[13] = "A ratio of the number of puts traded compared to the number of calls traded for a particular options class.";
definition[14] = "Extending your options strategy by closing an existing position and opening a new one on the same underlying instrument with a different expiration or strike price.";
definition[15] = "An options strategy that calls for you to hold two or more simultaneous positions. May also refer to the difference between an option's bid-ask price.";
definition[16] = "The decline in value of your option as the expiration date approaches.";
definition[17] = "The perceived and often changing value of the time left until an option's expiration.";
definition[18] = "You simultaneously purchase and write two or more options with different strike prices and the same expiration month.";
definition[19] = "The Volatility Index, or a compilation of volatility of several S&P 500 options. You might use this as a benchmark for the market's perception of volatility.";
definition[20] = "When an options holder exercises the contract, an options writer is chosen to fulfill the obligation.";
definition[21] = "A pricing model that calculates the theoretical value of an option, based on factors including volatility and time until expiration.";
definition[22] = "You simultaneously purchase shares of stock and write a call on that stock.";
definition[23] = "If you're an options holder, this means you give an order to act on an option, and the options writer must transfer to you or receive from you the shares of stock-or amount of cash-covered by the option.";
definition[24] = "The date after which an option is no longer valid, and you can no longer exercise it.";
definition[25] = "If you purchase an option to open a position, what are you?";
definition[26] = "The value of an option if you exercised it at a given moment. Out-of-the-money and at-the-money options do not have me. For in-the-money options, I am the difference between the strike price and the underlying stock price.";
definition[27] = "Each separate options position in a strategy that calls for you to hold multiple positions at the same time, such as a spread.";
definition[28] = " An option whose expiration date is between one and three years away.";
definition[29] = "A tool that lets you see all the available options for an underlying stock, including their prices and other trading data.";
definition[30] = "All the calls or puts on an underlying stock with identical terms, including expiration month and strike price.";
definition[31] = "When you purchase a put on stock you already own.";
function writeDefinition() { 
document.write(definition[today]);
}
//  End definition -->

<!-- Begin term
var term = new Array();
Stamp = new Date();
today = Stamp.getDate();
term[1] = "Assignment";
term[2] = "Black-Scholes Formula ";
term[3] = "Buy-Write";
term[4] = "Exercise";
term[5] = "Expiration Date";
term[6] = "Holder";
term[7] = "Intrinsic Value";
term[8] = "Leg";
term[9] = "Long-term Equity AnticiPation Securities (LEAPS)";
term[10] = "Options Chain";
term[11] = "Options Series";
term[12] = "Protective Put";
term[13] = "Put/Call Ratio";
term[14] = "Rolling";
term[15] = "Spread";
term[16] = "Time Decay";
term[17] = "Time Value";
term[18] = "Vertical Spread";
term[19] = "VIX";
term[20] = "Assignment";
term[21] = "Black-Scholes Formula ";
term[22] = "Buy-Write";
term[23] = "Exercise";
term[24] = "Expiration Date";
term[25] = "Holder";
term[26] = "Intrinsic Value";
term[27] = "Leg";
term[28] = "Long-term Equity AnticiPation Securities (LEAPS)";
term[29] = "Options Chain";
term[30] = "Options Series";
term[31] = "Protective Put";

function writeTerm() { 
document.write(term[today]);
}
//  End term -->

$(document).ready(function(){
	$("#reveal").hover(function(){
			$(this).hide();
			$("#term-revealed").show();
   			});
			return false;
	});