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.
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Overbought
Market prices that have risen too steeply and too quickly.
Oversold
Market prices that have declined too steeply and too quickly.
Option Cycle
A set pattern of months when a class of options expires.
Option Holder
The buyer of an option contract who has the right to exercise the option during its lifetime.
Option Series
An individual option contract for a given security.
Option Type
A call or put contract.
Operating Earnings
Not the same as operating income. See pro forma earnings.
Operating Income
Sales minus all expenses except income taxes and other items not related to basic business.
Operating Margin
Operating income divided by sales.