Finance glossary
Master the concepts behind the trade.
Gamma Exposure
Gamma exposure (GEX) estimates the hedging options dealers would need as price moves, worked here from signed contracts to the call wall, put wall and gamma flip.
18 terms in this topic
Implied Volatility
Implied volatility is the volatility solved backward from an option price, read here through IV rank, the expected move, skew, term structure and earnings IV crush.
24 terms in this topic
Market Structure
US market structure is the rule set, venues and data feeds that turn an order into a fill, from the NBBO and Regulation NMS to dark pools, PFOF and slippage.
31 terms in this topic
Options Basics
A listed equity option is a standardized contract, usually on 100 shares, explained here through its terms, premium, moneyness, the option chain, exercise and assignment.
25 terms in this topic
Options Expiration
Options expiration is when an option’s time value reaches zero and the contract resolves through cash or share settlement, exercise by exception and assignment.
20 terms in this topic
Options Flow
Learn how to read options flow using sweeps, blocks, premium, execution side and open interest. Worked examples connect trade prints to position analysis.
16 terms in this topic
Options Greeks
The options Greeks measure how an option’s value responds to price, time, volatility and rates, from delta to charm, vanna and vomma, with a worked P&L attribution.
25 terms in this topic
Options Strategies
Options strategies combine calls, puts and shares into payoff shapes, classified here by cash flow, risk and exposure across spreads, condors, butterflies and overlays.
26 terms in this topic
Risk Management
Risk management is the arithmetic that sizes a trade from its edge, worked here through expectancy, position sizing, the Kelly criterion, drawdown, VaR and margin.
35 terms in this topic
Technical Analysis
Technical analysis turns price and volume into trend, momentum, volatility and level readings, shown here with the formulas and one chart worked end to end.
52 terms in this topic