A change to contract terms due to a corporate action (e.g., a merger or stock split). Depending on the corporate action, different contract terms (including strike price, deliverable, expiration date, [..]

A type of option order which requires that the order be executed completely or not at all. An AON order may be either a day order or a GTC (good-‘til-cancelled) order.

An option that can be exercised at any time prior to its expiration date. See also European-style option.

A trading technique that involves the simultaneous purchase and sale of identical assets or equivalent assets in two different markets with the intent of profiting by the price discrepancy.

The price at which a seller is offering to sell an option or a stock. See also Assignment.

Received notification of an assignment by OCC. See also Assignment.

Notification by OCC to a clearing member that an owner of an option has exercised their rights. For equity and index options, OCC makes assignments on a random basis. See also Delivery and Exercise.

A term that describes an option with a strike price that is equal to the current market price of the underlying stock.

Buying more of a stock or an option at a lower price than the original purchase to reduce the average cost.

A Delta-neutral spread composed of more long options than short options on the same underlying instrument. This position generally profits from a large movement in either direction in the underlying i [..]