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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.

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

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

Operating income divided by sales.

The market opens at 9:30 a.m. ET each business day.

Surplus cash generated from company’s basic operations without regard to income tax entries such as depreciation and amortization. Changes in levels of inventories, accounts receivable and accounts payable also affect cash flow. Also see Free Cash Flow. 

Investors buy shares directly from fund, and sell shares directly to fund. Share price is Net Asset Value (NAV).

An order that remains in the system for more than a day. See Good-Till-Cancelled or Good-Till-Date.