Orders placed before the market opens to buy or sell shares of stocks when their options expire. These orders are guaranteed a complete fill at the opening price to offset expiring options. They must be ordered between 4:15 p.m. and 5:00 p.m. on the Thursday before the third Friday of each month.
Archives
Margin Call
This is a demand for a client to deposit money or securities into a margin account. This can occur when a purchase is made in excess of the value of the margin account or when the value of an account decreases because the value of the securities held decreases regardless of whether a new purchase is made or not.
Long-Term Investments
Balance sheet item reflecting investments in other companies, etc.
Non-Operating Income
Income not derived from basic business of company.
Operating Margin
Operating income divided by sales.
Naked Writer
A seller of an option contract who does not own a position in the underlying security.
Market
The place where buyers and sellers meet to exchange goods and services. It also represents the actual or potential demand for a product or service.
Non-Resident Order
A special term order when one or more participants in the trade is not a Canadian resident.
Option Class
All options of the same type, either calls or puts, that have the same underlying security.
Net Change
The difference between the previous day’s closing price and the last traded price.