A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 

  • American style

    An american option is one that can be exercised any time before or on the maturity date.
 
 

  • Beta

    Measure the capacity of an underlying to amplify the variations on its reference index or benchmark (CAC40 for french actions, DAX30 for german actions, TecDAX for SolarWorld and Eurostoxx 50 for Nokia). If an underlying has a Beta factor greater than 1, it means that it will tend to amplify benchmark variations. This amplification has an influence for highs and lows. Therefore, a Beta factor greater than 1 reveals a risk higher than average. If the Beta factor is lower than 1(but positive), it means than the underlying tends to be less volatile than its benchmark. A negative Beta factor means that the value moves the opposite way towards its benchmark.
 
 

  • Currency

    Quotation currency of the underlying on its market. Indexes are quoted in points.

  • Current spot

    During the day, ClickOptions computes prices of its options according to the PWA of the underlying (Price range weighted Average), which is the average quote of the underlying. This PWA is considered as the intraday quote of the underlying.
 
 

  • Delta

    The delta of an option measures the sensibility of a price, a given variaton of an underlying price. The dela of a call is comprised between 0 and +100% : a buy option is all the more expensive that the underlying price is high. Reversely, the delta of a Put is comprised between -100µ and 0
    The delta must be parity adjusted and an exchange rate when the option and the underlying are not quoted in the same currency.
 
 

  • European style

    An european option is one that can only be exercised on maturity date.
 
 

  • Futures

    A futures or term contract is a standardised contract allowing the negociation, buy or sell of any asset in the future. The CAC40 futures, for example, applies to the CAC40 indice. Its execution is closely correlated with the one of the indice by anticipating its movements. The difference at a particular point in time between the value of the asset and the one of the future's one is called the basis.
 
 

  • Historic volatility

    Measures the frequency and the range of the underlying asset quote's variations on a given period of time.
 
 

  • ISIN

    International Securities Identification Number. International 12 characters code used to identify values.

  • Implicit volatility

    Represents the anticipated volatility (in the future) of the underlying asset of an option up to the maturity date. When the implicit volatility rises, touch products (Tapeo, Tapeba, ...) will increase / decrease more rapidily in value. When it lowers, the "no touch" or "barrier" products (Tunnel, Borneo,...) value evoluates more rapidly. Implicit volatilities are quoted on interbank markets. The implicit volatility rises with uncertainity (bearish markets, terrorist attacks, ...)

  • Industry

    The industry or sector of the underlying asset.

  • Intraday

    Period representing the current day.
 
 

  • Limit

    Value for an limit spot order to become flushable

  • Limit order.

    The investor indicates the limit of price until which his order can be executed. When purchasing, it is an order to buy at or below the specified limit. When selling, it is an order to sell at or above the limit.Stop

  • Limit spot

    An order to buy a specified quantity of a security at or below a specified price, or to sell at or above a specified price.
 
 

  • Market Preorder

    Market preorders allow for freeing yourself from any price condition by the time of the execution
 
 
 
 

  • Opening

    Represents the opening quote of an underlying on its exchange market.
 
 

  • Premium Station

    The Premium Station is available for clients subscribed to the Pack Premium. This pack is not available for english users.

  • Price range weighted Average

    Average price of underlying stock. This average is weighted by quantities offered at purchase and sell (5 next ask and bid orders on the market orderbook).

  • Product Type

    Indicates the type of option (Tapeo, Tapeba, Tunnel, ...)

  • Profit and Losses

    the profit or loss is the result of the difference between sell transaction and buy transaction .
 
 

  • Quote out of tradingsperiod

    Between the last trading date ant the maturity date, products are not priced. That's why data regarding positions doesn't appear in all tables.
 
 

  • Reference level

    Level from which the turbo is directly exposed to the changes of the underlying.
 
 

  • Sigma

    Standard deviation : measures the dispersion of a serie of values around their average. A greater Standard Deviation means more scattered values.

  • Stop

    An order to buy or sell when a particular price is reached, either above or below the price that prevailed when the order was given.

  • Stop Loss

    Value for a stop limit order to become flushable

  • Stop orders

    The investor indicates the limit of price from which his order can be executed. When purchasing, it is an order to buy above the specified limit. When selling, it is an order to sell below the limit.Stop
 
 

  • Target quote

    Price of an option. It corresponds to the quote that an underlying must reach, or on the contrary, not reach, to gain 100 Euros per option.
 
 
 
 

  • VSS

    Trailing stop

  • Variation %

    Represents the variation of a quote since its last value on previous day.
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
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