Lexicon

ATM - at the money

Bearish - Having a downward (price decline) bias

bCS - Bear Call Spreads

Bullish - Having an upward (price increase) bias

BCS - Bull Call Spreads

bPS - Bear Put Spreads

BPS - Bull Put Spreads

BTC - buy to close

BTO - buy to open

Covered Call = Call option sold against underlying long stock

ITM - in the money

Long - Buy or own

Long stock - stock that is owned

Margin - collateral needed as securitization for certain stock and option trades

Naked Put - Put option sold without covering position

OTM - out of the money

Q's - shorthand for QQQQ - a proxy for the NASDAQ

Short - Sell

STC - sell to close

STO - sell to open