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Price moves in a single direction and it usually closes on an extreme for the day.

The unique, 3-digit number assigned to each Participating Organization and Member to identify it for market transparency.

To write an option is to sell an option. The person who sells the option is considered to be the writer.

Order with broker to sell stock at market price when it goes down to specified (limit) price.

A trading range occurs when a stock or average moves up and down between a consistent high and low for an extended period of time (days, to weeks, to months). The bottom of the range becomes fairly solid support as the top becomes fairly solid resistance the more times either holds. We play stocks within the trading ranges if they are loose enough to give us some room to maneuver, e.g., a 5 point range or more. A tight trading range is one that is significantly narrower than a particular stock?s usual trading fluctuations. A tight trading range on low volume is usually a very good indicator that a move up is coming.

Committees formed for the purpose of assisting in decision-making on an ongoing basis.

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.

This is the measure of the return on an investment and is shown as a percentage. A stock yield is calculated by dividing the annual dividend by the stock’s current market price. For example, a stock selling at $50 and with an annual dividend of $5 per share yields 10%. A bond yield is a more complicated calculation, involving annual interest payments, plus amortizing the difference between its current market price and par value over the life of the bond.

These are certificates registered in the name of a securities firm rather than the owner of the security. This makes the certificate easily transferable to a new owner.

The period during which the Exchange is open for trading.