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Price to Earnings Ratio (p/e)

Latest share price divided by 12-month earnings per share (eps). Also a measure of the market’s enthusiasm for a company.

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Operating Earnings

Not the same as operating income. See pro forma earnings. 

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Operating Income

Sales minus all expenses except income taxes and other items not related to basic business.

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Operating Margin

Operating income divided by sales.

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Option Class

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

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Option Cycle

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

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Option Holder

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

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Option Series

An individual option contract for a given security.

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Option Type

A call or put contract.

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Order Number

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

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