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This is an abbreviation of a stock’s price-to-earnings ratio. The price-to-earnings ratio is a stock’s share price divided by earnings per share for the company’s most recent four quarters. A projected P/E divides the share price by estimated earnings per share for the coming four quarters.

A seller of an option contract who does not own a position in the underlying security.

A trade when a Participating Organization is either buying from, or selling to its client.

Operating income divided by sales.

When two or more indicators, indexes, or averages, fail to show confirming trends.

The difference between the previous day’s closing price and the last traded price.

A security’s nominal face value.

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

If there are several orders competing for a stock at the same price, a priority determines when one of these orders will be filled before any other at this price. Priority is based on the time at which the order is received into the system.

The difference between a company’s or individual’s total assets and its total liabilities. Also known as shareholders’ equity for a company.