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.
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 contract's price at the moment the alert was published. The baseline every performance number is measured from.
Max Opportunity (Max Opp) — The highest the contract has traded since the alert — the peak of the move.
Current % — Where the contract stands right now versus the alerted price.
Status — A live read on the alert's thesis health (Working, At Risk, Opportunity Zone, etc.).
Score — The analyst's 1–10 quality rating for an alert at publish time. Higher = more conviction.
Pending / "Awaiting bid" — Tracking hasn't started because the alerted price hasn't traded yet.
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 "days to max opportunity."
Levels & technicals
Support (S1, S2) — Price floors a stock is expected to hold. The basis for most call ideas.
Resistance (R1, R2) — Price ceilings a stock is expected to stay under. The basis for most put ideas.
Target (T1, T2, T3) — The prices the thesis is aiming for.
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).
Critical Level / Stop / Invalidation — The price that, if broken, means the idea no longer holds. Crossing it triggers an invalidation.
If something in the tracker isn't covered here, use the Support button in the app to ask — and we'll add it.