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.
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.
Max Stock Opp — The best favorable move the underlying stock made after the alert. Measured from recorded daily bars after the alert day, so it reflects the opportunity that appeared — not a realized or guaranteed result. Max Opportunity (Max Opp) — The contract's peak price since the alert, measured from real minute‑by‑minute trades so one‑off outlier prints don't inflate it.
Max Stock Opportunity (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.
Win Rate — The share of active alerts that reached at least +50% max opportunity at some point. 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).
Status — A live read on the alert's thesis health (Working, At Risk, Opportunity Zone, etc.). The same Status appears in Options and Stock view.
Score — A live 0–100 health score for an alert, recalculated automatically as the trade plays out. Profit milestones hit, current P/L, and whether the stock is holding its key levels all feed into it. Higher = a healthier trade. See How the Score works.
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 "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).
Invalidation — The price that, if broken, means the idea no longer holds. Crossing it triggers an invalidation.
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) — An estimate of how much forced hedging by market makers sits at each strike. Heavy call GEX tends to slow price near a strike; heavy put GEX can accelerate it. Explains levels, never direction. See Ticker Lookup.
Gamma flip — The price where net hedging pressure changes sign: above it hedging tends to calm the stock, below it hedging can amplify moves. The Trade Planner's zero-gamma flip is the same idea.
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 — Heavy near-expiry hedging pressure sitting on top of the current price, which can hold a stock near a strike into expiration.
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 two-sided read on a ticker you asked for: a bullish case and a bearish case, each with the levels it depends on. 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 — A prior tested level (old resistance for a bullish idea, old support for a bearish one) that, once cleared and held, would confirm the move is continuing rather than fading. It is a spot to watch, not an instruction to act, and many plans have none at all. Older saved plans called this a "trigger."
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; the plan maps both cases.
Reward:risk — The distance from the middle of the zone to T1, against the distance to invalidation. When a plan has later targets, it also shows the final target's ratio separately. 2:1 means that mapped target is twice as far as the level that would break the read. Describes price geometry, not the odds of it.
Call wall / put wall — Strikes where options dealers' hedging tends to slow a move: the call wall above, the put wall below. Explains why a level matters; says nothing about direction.
Zero-gamma flip — The level above which dealer hedging tends to dampen movement and below which it tends to amplify it. Often not computable, and shown as — when it isn't.
Liquidity (deep / OK / thin / avoid) — How held and traded a contract is, graded against that ticker's own chain rather than against the market. See Reading a plan.
Open interest — How many contracts are currently held at that strike and expiry. A rough measure of whether anyone is on the other side of your order.
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.
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.