the third Friday of March, June, September and December is the day when index futures, index future options, and certain stock options all expire. Triple Witching Fridays are know for high volatility.
Archives
Underlying Interest
The specific security, commodity, index or financial instrument that an option or futures contract is traded.
Undervalued
A stock trading below its fair value.
Unlisted
A security not listed on a stock exchange, but traded on the over-the-counter market.
Upside Breakout
This occurs when a stock has consolidated, formed a base, or has been in a trading range, and then breaks above that level, surpassing resistance at the top of the range or base. Breakouts are suspect if they do not occur on high volume (compared to average daily volume). When playing a stock to buy on the upside breakout, we like to use a “buy stop” which calls for purchase when a stock rises above a certain price.
Uptick
A stock is said to be on an uptick when the last trade occurred at a higher price than the one before it.
Uptrend
Stock price is trending higher.
Top
A charting term meaning the stock price is going down from here.
Top-Line
Sales or revenues.
Total Number of Shares
The total number of issued and outstanding shares for the security.