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Market prices that have risen too steeply and too quickly.

Market prices that have declined too steeply and too quickly.

This is an abbreviation of a stock’s price-to-earnings ratio. The price-to-earnings ratio is a stock’s share price divided by earnings per share for the company’s most recent four quarters. A projected P/E divides the share price by estimated earnings per share for the coming four quarters.

An eight or nine-digit number assigned to every order entered into the system.

OTC (over-the-counter) foreign trading refers to UMIR Rule 6.4 (e), which permits a trade to be executed off the Exchange, if one or both Participating Organization/Member client accounts are outside of Canada, provided such trades are reported within a specific time frame to the Exchange for public dissemination of the transaction.

The buyer of an option contract who has the right to exercise the option during its lifetime.

An individual option contract for a given security.

A call or put contract.

All options of the same type, either calls or puts, that have the same underlying security.

A set pattern of months when a class of options expires.