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Download the thinkorswim client
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Not everything is tradable
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Stocks A stock or any other security representing an ownership interest. This may be in a private company (not publicly traded).
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ETFs An ETF, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
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Options A put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. A call option is an agreement that gives an investor the right, but not the obligation, to buy a stock, bond, commodity or other instrument at a specified price within some time period Black-Scholes formula:
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Greeks Delta- Change in underlying stock price effects the option price Gamma- Change in delta Theta- Rate of decline in the value of an option due to the passage of time (1 day) Vega- Change in volatility affects the option price Beta- Gains in a portfolio based on total market movements Alpha- Gains in a portfolio greater or lesser than market movements (based on ‘skill’)
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Catalan Referendum
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Relatively Flat Market
S&P has shown a 54 basis point increase over the last month
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