# Common Abbreviations

<table><thead><tr><th width="85">Term</th><th>Meaning</th></tr></thead><tbody><tr><td>ATH</td><td>All Time High - market high or a trading account high</td></tr><tr><td>ATM</td><td>At The Money - referring to option strike vs underlying market price</td></tr><tr><td>ATR</td><td>Average True Range</td></tr><tr><td>BABP</td><td>Build a Backtest Portfolio</td></tr><tr><td>BnB</td><td>Bed aNd Breakfast - a trade that is put on late in the day and taken off early the next morning</td></tr><tr><td>BOD</td><td>Blackout Days</td></tr><tr><td>BS</td><td>Black-Scholes - the popular option pricing model that OO uses</td></tr><tr><td>BS</td><td>Black Swan - low probability event, fat tail risk - read: Taleb</td></tr><tr><td>BTC</td><td>Buy To Close - buy back a short option to close an existing position</td></tr><tr><td>BTD</td><td>Buy The Dip</td></tr><tr><td>BTFD</td><td>Buy The Fudging Dip</td></tr><tr><td>BTO</td><td>Buy To Open - buy a long option to open a new position</td></tr><tr><td>CCS</td><td>Call Credit Spread</td></tr><tr><td>CDS</td><td>Call Debit Spread</td></tr><tr><td>CPI</td><td>Consumer Price Index - news event inflation reporting</td></tr><tr><td>CRIC</td><td>Call Ratio Iron Condor</td></tr><tr><td>CRRIC</td><td>Call Ratio Reverse Iron Condor</td></tr><tr><td>CS</td><td>Charles Schwab Brokerage</td></tr><tr><td>CSV</td><td>Comma Separated Values - data, format, used, for, OO, data, export, and, import</td></tr><tr><td>DC</td><td>Double Calendar</td></tr><tr><td>DD</td><td>Double Diagonal</td></tr><tr><td>DD</td><td>Draw Down</td></tr><tr><td>DFTD</td><td>Done For The Day</td></tr><tr><td>DM</td><td>Direct Message, e.g. DM me so we can have a private conversation</td></tr><tr><td>DST</td><td>Drink Some Tea</td></tr><tr><td>ELI5</td><td>Explain it Like I'm 5</td></tr><tr><td>EOD</td><td>End Of Day - can proceed trade type e.g. EODIC, EODDC</td></tr><tr><td>EOM</td><td>End of Month - usually refering the the last option chain experation date of a given month</td></tr><tr><td>ERN</td><td>Early Retirement Now - inspired by the earlyretirementnow.com community, no affiliation to OO</td></tr><tr><td>FLA</td><td>Four Letter Acronym</td></tr><tr><td>FOMC</td><td>Federal Open Market Committee - interest rate announcements</td></tr><tr><td>FOMO</td><td>Fear Of Missing Out</td></tr><tr><td>FUD</td><td>Fear Uncertainty Doubt</td></tr><tr><td>FWIW</td><td>For What Its Worth</td></tr><tr><td>GTC</td><td>Good 'Til Cancled - type of broker order</td></tr><tr><td>HDIC</td><td>High Delta Iron Condor - subjective by short strikes usually above 30 delta</td></tr><tr><td>HODL</td><td>Hold On for Dear Life</td></tr><tr><td>IB</td><td>Iron Butterfly</td></tr><tr><td>IBKR</td><td>Interactive Brokers</td></tr><tr><td>IC</td><td>Iron Condor</td></tr><tr><td>IF</td><td>Iron Fly</td></tr><tr><td>IMHO</td><td>In My Humble Opinion</td></tr><tr><td>IMSL</td><td>Intra Minute Stop Loss</td></tr><tr><td>IRL</td><td>In Real Life</td></tr><tr><td>ITM</td><td>In The Money - refering to option strike vs underlying market price</td></tr><tr><td>IV</td><td>Implied Volitility</td></tr><tr><td>IVP</td><td>Implied Volitility Percentile - % of days in a rolling year with IV below current IV</td></tr><tr><td>IVR</td><td>Implied Volitility Rank - IV represented on a scale using rolling year min and max IVs</td></tr><tr><td>JFSP</td><td>Just Fudging Sell Putts</td></tr><tr><td>JSP</td><td>Just Sell Puts</td></tr><tr><td>LDE</td><td>Leg Delta Exit</td></tr><tr><td>LDIC</td><td>Low Delta Iron Condor - subjective but usually short strikes below 10delta</td></tr><tr><td>LEAPS</td><td>Longterm Equity Anticipation Securities - options with >1 year until expiration</td></tr><tr><td>LFG</td><td>Let's Fudging Go!</td></tr><tr><td>MACD</td><td>Moving Average Convergence Divergence</td></tr><tr><td>MDD</td><td>Max Draw Down</td></tr><tr><td>ME</td><td>Multiple Entry - may appear in front of other strategy types</td></tr><tr><td>MEDC</td><td>Multiple Entry Double Calendar</td></tr><tr><td>MEIC</td><td>Multiple Entry Iron Condor</td></tr><tr><td>NDE</td><td>Net Delta Exit</td></tr><tr><td>NFP</td><td>Non Farm Payrolls - market news event</td></tr><tr><td>NT</td><td>Navigation Trading - Non affiliated trading education provider</td></tr><tr><td>OCO</td><td>One Cancles the Other</td></tr><tr><td>OO</td><td>Options Omega!</td></tr><tr><td>OPEX</td><td>Option Expiration - refers to day when monthly options contracts expire, usually third Friday of each month</td></tr><tr><td>ORB</td><td>Opening Range Breakout</td></tr><tr><td>OTM</td><td>Out of The Money - refering to option strike vs underlying market price</td></tr><tr><td>OTO</td><td>One Triggers the Other</td></tr><tr><td>PCR</td><td>Premium Capture Rate</td></tr><tr><td>PCS</td><td>Put Credit Spread</td></tr><tr><td>PDIC</td><td>Paint Dry Iron Condor - in refence to how exciting it is to watch paint dry - see LDIC</td></tr><tr><td>PDS</td><td>Put Debit Spread</td></tr><tr><td>PoO</td><td>Portfolio of One - running a portfolio with only one backtest, often to visualize intra-trade drawdowns</td></tr><tr><td>PPI</td><td>Product Price Index - inflation reporting</td></tr><tr><td>PRIC</td><td>Parity Reverse Iron Condor - Equal short strikes and calls in RIC</td></tr><tr><td>PRIC</td><td>Put Ratio Iron Condor (I.E. more puts side spreads than call side spreads)</td></tr><tr><td>PRRIC</td><td>Put Ratio Reverse Iron Condor</td></tr><tr><td>RAIC</td><td>Ratio Iron Condor</td></tr><tr><td>RH</td><td>Robinhood Brokerage</td></tr><tr><td>RIC</td><td>Reverse Iron Condor</td></tr><tr><td>RIF</td><td>Reverse Iron Fly, a subtype of a Reverse Iron Condor</td></tr><tr><td>RoD</td><td>Ride Or Die - trade with no exit conditoins or stop loss, just let it expire</td></tr><tr><td>rOObot</td><td>Affectionate name for OO's trade automation platform</td></tr><tr><td>RSI</td><td>Relative Strength Indicator</td></tr><tr><td>RSS</td><td>Rolling Short Strangle</td></tr><tr><td>RTFM</td><td>Read the Fudging Manual - aka please check the documentation before asking for help</td></tr><tr><td>SAC</td><td>Small Account Challenge - trades for accounts that might be subject to pattern daytrading rules etc.</td></tr><tr><td>SEME</td><td>Single Entry Multi Exit - where trade is opened as a whole but exited in parts via leg groups</td></tr><tr><td>SHW</td><td>Short Holiday Weeks</td></tr><tr><td>SLR</td><td>Short-Long Ratio</td></tr><tr><td>STC</td><td>Sell To Close - sell a long option to close an existing position</td></tr><tr><td>STO</td><td>Sell To Open - sell a short option to open a new position</td></tr><tr><td>sus</td><td>Shorthand for "suspicious" or "suspect" e.g. Freind 1: "My PDIC MAR is 1000!", Freind 2: "sus"</td></tr><tr><td>TAT</td><td>Trade Automation Toolbox - Non affiliated trade automation platform</td></tr><tr><td>TBH</td><td>To Be Honest</td></tr><tr><td>TD</td><td>Tradier Brokerage</td></tr><tr><td>TLA</td><td>Three Letter Acronym</td></tr><tr><td>TLDR</td><td>Too Long Didn't Read</td></tr><tr><td>TOS</td><td>ThinkOrSwim Trading Platform - used with Schwab Broker</td></tr><tr><td>TS</td><td>Trade Steward - Non OO affiliated trade automation platform</td></tr><tr><td>TT</td><td>tastytrade brokerage</td></tr><tr><td>TTBT</td><td>Trust The BackTest</td></tr><tr><td>TTFB</td><td>Trust The Fudging Backtest</td></tr><tr><td>TV</td><td>Trading View - non affiliated charting platform</td></tr><tr><td>TWA</td><td>Trust Wizzy Also - proceed with caution when Wizzy frowns</td></tr><tr><td>VWAP</td><td>Volume Weighted Average Price</td></tr><tr><td>w.r.t.</td><td>Shorthand: With Respect To</td></tr><tr><td>WFA</td><td>Walk Forward Analysis - assess strategy robustness by simulating performance on a series of sequential, non-overlapping time periods</td></tr><tr><td>YMMV</td><td>Your Mileage Might Vary - you may do better or worse than others' experience</td></tr><tr><td>YOLO</td><td>You Only Live Once - usually designates a high-risk, all-in type trade</td></tr></tbody></table>


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