Glossary

  • ABOVE TRADE

    A trade that closes at a price higher than the “Strike Price”, also known as the “Exercise Price”, which is the underlying “Asset” or “Instrument” at the time the trade is placed.

  • ASK PRICE

    The price that a seller is willing to accept for a specific asset or security, i.e., the price at which an investor can purchase an asset or security.

  • ASSET

    The “Asset” or “Instrument” is the underlying index, stock, commodity, or currency on which each online trading contract is based.

  • AT THE MONEY

    When the underlying “Asset” or “Instrument” price is the same as the original “Strike Price”, also known as the “Exercise Price”.