Glossary
Every term used in the tracker, defined in plain English. Skim it once and the rest of the docs will click.
Options basics
Option — A contract giving the right (not obligation) to buy or sell 100 shares of a stock at a set price before a set date. The two kinds are calls and puts.
Call — An option that gains value when the stock goes up. Bullish.
Put — An option that gains value when the stock goes down. Bearish.
Strike (Strike Price) — The price the option is built around. A $175 call, for example, is referenced to a $175 stock price.
Expiration — The date the option contract ends. After it, the contract no longer exists.
Premium — The price of the option itself — what it costs per contract (quoted per share, so multiply by 100 for one contract).
Contract — One option, representing 100 shares of the underlying stock.
Days to Expiration (DTE) — How many days are left until the contract expires.
Moneyness
In‑the‑Money (ITM) — The option has built‑in value. A call is ITM when the stock is above the strike; a put is ITM when the stock is below it.
Out‑of‑the‑Money (OTM) — The option has no built‑in value yet — only time value. A call is OTM below its strike; a put is OTM above it.
Intrinsic Value — The built‑in value if the option were exercised right now. At expiration, an option is worth only its intrinsic value.
Breakeven — The stock price at expiration where the trade comes out even. Call: strike + premium. Put: strike − premium.
Pricing & behavior
Implied Volatility (IV) — The market's expectation of how much the stock will move, expressed as a percentage. Higher IV = bigger expected swings = more expensive options. The Opportunity Calculator reads IV from the contract's live price.
Dark pool print — A large trade that happened on a private venue instead of a public exchange, reported after the fact. It always has a buyer and a seller, so a print by itself says nothing about direction — the useful parts are the size, the price it crossed at, and whether prints keep landing at the same level.
Expected move — How far the options market has priced a stock to move between now and a date, in plain terms: "about 8% either way by Friday, roughly $112 to $133". It is the same information as implied volatility, in a form you can use. It says nothing about which direction, and the stock moving less than this is the common outcome. Ask the assistant for it before earnings.
Dividend — Cash a company pays its shareholders, usually every quarter, quoted per share. The board decides each payment, so it can be raised, cut, or stopped. Holding an option on the stock does not pay you the dividend.
Ex-dividend date — The cutoff for a dividend. You have to own the shares before this date to get the next payment; buy on or after it and that payment goes to the seller. The stock usually opens lower by about the dividend amount that morning.
Dividend yield — A year of dividends as a percentage of the stock price. A $2 yearly dividend on a $100 stock is a 2% yield. It moves every time the price does.
Pre-market / After-hours — Trading outside the regular 9:30am to 4pm ET session: from 4am before the open, and until 8pm after the close. Far fewer shares change hands, so prices move more easily and can shift again at the open. A pre-market move is measured against the previous day's close.
Time Decay (Theta) — The steady loss of an option's value as expiration approaches, all else equal. Why options "bleed" if the stock doesn't move.
Black‑Scholes — The standard mathematical model for estimating an option's fair price from the stock price, strike, time left, volatility, and interest rates. It powers the Opportunity Calculator's heat map.
The Greeks — A set of risk measures for options: Delta (sensitivity to stock price), Gamma (how delta changes), Theta (time decay), and Vega (sensitivity to IV).
Tracker terms
Alerted At / Alerted Price — The performance baseline for the selected lens. In Options, it is the tracked contract price. In Stock, it is the best available underlying-stock snapshot for the alert: normally the first available minute bar at or after the alert, with the session close available as a fallback.
High — The contract's highest recorded price since the alert, measured from real minute‑by‑minute trades so one‑off outlier prints don't inflate it. A recorded measurement, not a realized return. Formerly Max Opp / Max Opportunity.
High (%) — How far the High sits above the alerted price, as a percentage. Formerly Max Opp %.
Best Move — Formerly Max Stock Opp. The best favorable move recorded in the underlying stock after the alert, measured from the Stock Alerted At baseline. It uses highs for bullish ideas and lows for bearish ideas, does not shrink after a pullback, and describes opportunity rather than a realized result.
Current % — Where the contract stands right now versus the alerted price.
Now (Stock view) — The stock's current or last tracked price and its move from the Stock Alerted At baseline. The arrow shows the stock's actual direction; its color shows whether that move favors the bullish or bearish idea.
Target Progress — How many published stock targets have been reached and which target comes next. Reached targets stay credited after a pullback.
+50% Reached — Formerly Win Rate. The share of active alerts that recorded a High at least +50% above the alerted price at some point. It measures opportunity that appeared, not profitable trades. It's opportunity‑based: an idea counts once +50% has appeared above its alerted price, even if it later faded to red — the opportunity that showed up, not a guaranteed result. Distinct from "green right now," the share currently above the alerted price (mark‑to‑market).
Plan State — A current read of the underlying stock against the exact published support zone (resistance zone for PUT plans) and invalidation. It is separate from option-contract results.
+50% Contract Delivered — A permanent historical result showing the tracked contract recorded a High at least +50% above the alerted price. Compact surfaces may say +50% Hit. It can appear beside any Plan State.
Contract Health — A live 0–100 read on the tracked option contract while an alert is active, weighing premium condition, decay burden, directional responsiveness, and time runway. Lands in one of four bands from Healthy to Poor; tap the score for the why.
Pending / "Awaiting bid" — Tracking hasn't started because the alerted price hasn't traded yet.
Baseline pending (Stock view) — The tracker does not yet have a reliable stock baseline, so stock-performance figures remain blank until one is available.
Adjusted / (adj) — The alerted price never filled, so tracking was rebased to the closest price that actually traded.
Market Days — Trading days only (weekends and holidays excluded). Used in DTMO, the market days from the alert to the High.
Levels & technicals
Chart Scanner — The page that searches thousands of stocks and ETFs every weekday evening for chart studies. See Chart Scanner.
Study (Chart Scanner) — One measured chart condition, such as a double bottom, RSI below 30 or a golden cross. A study describes price history; it is not a signal or a forecast.
Best matches (Chart Scanner) — The scanner's opening view: one card per stock, its strict-rule chart pattern with the highest pattern fit, highest first. See Best matches.
Pattern fit — A score from 0 to 100 for how well a chart pattern's turning points meet its study's rules: their spacing, depth and alignment. It grades those measurements, not the whole picture, and says nothing about what happens next.
Broad match (Chart Scanner) — A tag on a card whose pattern or zone met a broader version of its study's rules, used only when the strict rules found nothing on that chart. Best matches never shows these.
Support (S1, S2) — Price areas where buying interest may interrupt a decline. Support can fail; a line on a chart is not a guaranteed floor.
Resistance (R1, R2) — Price areas where selling interest may interrupt an advance. Resistance can fail; it is not a guaranteed ceiling.
Target (T1, T2, T3) — A conditional objective in a scenario. Reaching one does not guarantee that farther targets will follow or that a trade made money.
Breakout / Breakdown — The level a stock must cross to confirm the thesis: a breakout to the upside (calls) or a breakdown to the downside (puts).
Invalidation — The boundary where an idea stops making sense under its stated rule. Trade Planner uses a daily or weekly close beyond the level, as specified in the plan. It is not a stop order or a maximum-loss guarantee. See notifications.
ATR (Average True Range) — A measure of recent price movement that includes gaps from the previous close. ATR(14) uses 14 bars; check whether those bars are daily or weekly. It does not predict direction or assign a probability to a target.
EMA / SMA (moving averages) — Lines that smooth price over a set number of bars (20, 50, 200…). An SMA weighs every bar equally; an EMA leans toward the most recent ones, so it turns faster. Available as studies in Charts.
VWAP — The volume-weighted average price of the trading day: the day's "fair price" so far, weighted by how much actually traded at each level. Intraday only.
Volume Profile — A sideways histogram on the chart showing how much volume traded at each price (not each time), revealing the levels the market cared most about.
If something in the tracker isn't covered here, use the Support button in the app to ask — and we'll add it.
Data Flow
Options flow — Where option money concentrated: which contracts traded, in what size. Activity, not direction — volume can't tell buyers from sellers. See Data Flow.
Vol/OI (volume vs open interest) — Today's volume divided by the contracts that already existed. Above 1.5× is unusual; 5×+ means far more traded today than existed yesterday — genuinely new activity.
Estimated premium — Approximate dollars traded in a contract today: volume × last price × 100. An estimate, because it values all volume at the last print.
Premium skew — The call share of a ticker's option premium today, 0–100. High = money concentrated in upside contracts, low = downside. Concentration, not sentiment. See Ticker Lookup.
Gamma exposure (GEX) — A measure or model of how options delta changes as the underlying price moves. Calculating net dealer exposure requires information about positions. A model that assigns calls a positive sign and puts a negative sign from open interest does not observe actual dealer inventory or executed hedges. See Ticker Lookup.
Gamma flip — A modeled underlying price where net gamma changes sign, depending on the positions and pricing assumptions used. Trade Planner's strike balance is a different calculation: a cumulative signed reference across strikes, not a verified repricing of dealer inventory.
Sector rotation — Money drifting between sectors (out of tech into energy, and so on). The Rotation Scanner scores it with six bullish and six bearish checks per ticker.
RSI (Relative Strength Index) — Momentum on a 0–100 scale. Under 40 = weak/oversold territory; over 60 = strong/stretched.
MACD histogram — The gap between short-term and longer-term momentum. Its change matters most: rising while negative = downside momentum fading.
CMF (Chaikin Money Flow) — Whether volume leans into up days (positive, accumulation) or down days (negative, distribution), over about four weeks.
OBV (On-Balance Volume) — A running total that adds volume on up days and subtracts it on down days. OBV rising while price falls = quiet accumulation.
Relative strength vs SPY — A ticker's return minus the market's over a window. Positive = money favoring it over the index.
Outlier (rotation) — A stock rotating independently of its own sector — its own story, not the sector tide. See Rotation Scanner.
OI footprint — An overnight jump in a contract's open interest: positions that were opened yesterday and actually kept. The honest version of "flow," because open interest only updates once a day. See Positioning.
Unwind — The reverse: a large slice of existing open interest closed overnight. A thesis abandoned, profits taken, or a hedge lifted.
Gamma pin — A hypothesis that near-expiry positioning may contribute to price clustering around a strike. A concentration of open interest alone does not prove that hedging will pin the stock there.
IV event — A sharp move in the volatility surface: put protection suddenly bid (skew spike), upside chased (skew collapse), or event premium loading into near-term options (term inversion).
Premium burst — A contract trading many times its own recent daily dollar average — activity far outside that contract's normal.
The Trade Planner
Trade plan — A conditional bullish and bearish map for a requested ticker, each case with the levels it depends on. The planner can return No clean setup when the evidence does not support a complete map. Educational, not advice. See Trade Planner.
Zone — The price area a case is built around. An area rather than a line, because that is what a level actually is on a chart.
Potential breakout / breakdown spot — An optional prior-tested structural boundary beyond the case's zone. A close through it, on the plan's stated daily or weekly basis, starts that continuation case. It does not guarantee follow-through. Older saved plans may use the label “trigger” and different historical touch rules.
Structure state — The chart's neutral structural condition: trending, ranging, in transition, or no clean setup. It does not pick a bullish or bearish side.
Reward:risk — A target's price distance divided by the distance to invalidation from a stated reference price. Trade Planner's main chip uses the zone midpoint, with T1 and final-target ratios distinguished. Original-price and confirmation-level references can give different ratios. These are underlying price distances, not probability, fill assumptions, a loss limit or options returns.
Call wall / put wall — Legacy names for the strongest positive and negative modeled options concentrations. Trade Planner assumes calls are positive and puts negative. Those signs do not identify actual dealer positions, establish price ceilings or floors, or prove what caused a past move.
Strike balance / older “flip” label — Trade Planner's cumulative signed-balance reference across strike buckets. It is not a verified zero-gamma price from repriced dealer inventory. Missing values appear as —; observations in the source snapshot may have different timestamps.
Liquidity (thick / OK / thin / avoid) — A relative grade using reported open interest and volume from the ticker's own chain. It is a proxy, not a guarantee of a tight spread or a fill. See Reading a plan.
Open interest — The reported number of outstanding contracts for a strike and expiry. It does not reveal who is long or short, establish current bid/ask depth, or guarantee someone will fill your order.
Target reach heuristic — Trade Planner's volatility-and-distance check for a chosen timeframe. It helps screen a ladder; it does not estimate a target's probability or promise that the stock stays within that distance.
Plan tracking (Replay) — The dated record of what happened to a saved map's original levels. Uncertain target order is not credited. A previously active case can reach an intraday target before a later closing invalidation. Reviewing the record does not restart the plan's window.
The assistant
PPP AI Assistant — The AI you can talk to inside the tracker. It looks everything up as you ask, and won't tell you what to buy or sell. See PPP AI Assistant.
The assistant in Discord — The same AI, answering in a Discord channel. It isn't signed in to your PPP account there, so it can't see or change your lists.
My Desk — Your page in the tracker: the assistant, your watchlists, and your saved alerts together. See My Desk.
My Watchlist — Your own lists of stocks, separate from the PPP Watchlist. See My Watchlist.
Saved chat — A conversation you chose to keep, so you can pick it up later on any device. Clearing it deletes the saved copy too.
Thorough / Quick — The switch under the message box. Quick answers and stops, and is the default; Thorough digs deeper and takes a few seconds longer. See PPP AI Assistant.
Free Access
Alert window — A Free Access account's seven days of new alerts, starting when the account is created. You keep every alert received during the window, and its updates keep reaching you after the window ends.
Browser push notifications — Free Access updates delivered by your web browser even when the tracker tab is closed. Turned on per browser from the Notifications page.
Weekly Trade Plan reminder — One push on Monday morning when your free Trade Plan for the week is ready. Only sent if you have used the Trade Planner before and have push turned on.
SEC filings
SEC EDGAR — The government's public database of company filings. Every US-listed company files there, and anyone can read it.
Form 4 — The filing an officer, director or big owner must submit within two business days of buying or selling their own company's stock.
10b5-1 plan — A schedule an insider sets up in advance saying how much stock they will sell and when. Sales made under one were decided months earlier, so they say nothing about what the insider thinks today.
13D / 13G — What someone files after crossing 5% ownership of a company. A 13D means they intend to push for changes; a 13G means they're just holding.
13F — A quarterly list of what a large investment firm owns. It reports positions as of a quarter that ended up to 45 days earlier, so it's a rear-view mirror.
8-K — A filing a company makes when something material happens between quarterly reports: results, an executive leaving, a big agreement.