Common Abbreviations
Many of the most common terms, abbreviations, and acronyms used on the OO discord.
ATH
All Time High - market high or trading account high
ATM
At The Money - referring to option strike vs underlying market price
BABP
Build a Backtest Portfolio
BnB
Bed aNd Breakfast - a trade that is put on late in the day and taken off early the next morning
BS
Black-Scholes - the popular option pricing model that OO uses
BS
Black Swan - low probability event, fat tail risk - read: Taleb
BTC
Buy To Close - buy back a short option to close an existing position
BTD
Buy The Dip
BTFD
Buy The Fudging Dip
BTO
Buy To Open - buy a long option to open a new position
CCS
Call Credit Spread
CDS
Call Debit Spread
CPI
Consumer Price Index - news event inflation reporting
CRIC
Call Ratio Iron Condor
CRRIC
Call Ratio Reverse Iron Condor
CS
Charles Schwab Brokerage
CSV
Comma Separated Values - data, format, used, for, OO, data, export, and, import
DC
Double Calendar
DD
Double Diagonal
DD
Draw Down
DFTD
Done For The Day
DM
Direct Message, e.g. DM me so we can have a private conversation
EOD
End Of Day - can proceed trade type e.g. EODIC, EODDC
EOM
End of Month - usually refering the the last option chain experation date of a given month
FLA
Four Letter Acronym
FOMC
Federal Open Market Committe - interest rate annoucements
FOMO
Fear Of Missing Out
FUD
Fear Uncertainty Doubt
FWIW
For What Its Worth
GTC
Good 'Til Cancled - type of broker order
HDIC
High Delta Iron Condor - subjective by short strikes usually above 30 delta
HODL
Hold On for Dear Life
IB
Iron Butterfly
IBKR
Interactive Brokers
IC
Iron Condor
IMHO
In My Humble Opinion
IMSL
Intra Minute Stop Loss
IRL
In Real Life
ITM
In The Money - refering to option strike vs underlying market price
IV
Implied Volitility
JFSP
Just Fudging Sell Putts
JSP
Just Sell Puts
LDE
Leg Delta Exit
LDIC
Low Delta Iron Condor - subjective but usually short strikes below 10delta
LEAPS
Longterm Equity Anticipation Securities - options with >1 year until expiration
LFG
Let's Fudging Go!
MDD
Max Draw Down
ME
Multiple Entry - may appear in front of other strategy types
MEDC
Multiple Entry Double Calendar
MEIC
Multiple Entry Iron Condor
NDE
Net Delta Exit
NFP
Non Farm Payrolls - market news event
NT
Navigation Trading - Non affiliated trading education provider
OCO
One Cancles the Other
OO
Options Omega!
OPEX
Optoin Experation - refers to day when options contracts expire, usually third Friday of each month
ORB
Opening Range Breakout
OTM
Out of The Money - refering to option strike vs underlying market price
PCS
Put Credit Spread
PDIC
Paint Dry Iron Condor - in refence to how exciting it is to watch paint dry - see LDIC
PDS
Put Debit Spread
PPI
Product Price Index - inflation reporting
PRIC
Parity Reverse Iron Condor - Equal short strikes and calls in RIC
PRIC
Put Ratio Iron Condor (I.E. more puts side spreads than call side spreads)
PRRIC
Put Ratio Reverse Iron Condor
RAIC
Ratio Iron Condor
RH
Robinhood Brokerage
RIC
Reverse Iron Condor
RIF
Reverse Iron Fly, a subtype of a Reverse Iron Condor
RoD
Ride Or Die - trade with no exit conditoins or stop loss, just let it expire
rOObot
Affectionate name for OO's trade automation platform
RSS
Rolling Short Strangle
RTFM
Read the Fudging Manual - aka please check the documentation before asking for help
SAC
Small Account Challenge - trades for accounts that might be subject to pattern daytrading rules etc.
SEME
Single Entry Multi Exit - where trade is opened as a whole but exited in parts via leg groups
STC
Sell To Close - sell a long option to close an existing position
STO
Sell To Open - sell a short option to open a new position
TAT
Trade Automation Toolbox - Non affiliated trade automation platform
TBH
To Be Honest
TD
Tradier Brokerage
TKIC
Tom King Iron Condor - low delta IC attributed to Tom King
TLA
Three Letter Acronym
TLDR
Too Long Didn't Read
TOS
ThinkOrSwim Trading Platform - used with Schwab Broker
TS
Trade Steward - Non OO affiliated trade automation platform
TT
Tasty Trade Brokerage
TTBT
Trust The BackTest
TTFB
Trust The Fudging Backtest
TV
Trading View - non affiliated charting platform
TWA
Trust Wizzy Also - proceed with caution when Wizzy frowns
WFA
Walk Forward Analysis - a teqnique to combat overfitting, divide dataset into test and validate portions
w.r.t.
With Respect To
YMMV
Your Miliage Might Vary - you may do better or worse than other's experience
YOLO
You Only Live Once - usually designates a high-risk, all-in type trade
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