Glossary

A form of bankruptcy protection from creditors granted to individuals or companies that requires liquidation of certain assets to pay debt.

A designation granted by the Market Technician Association to individuals who have demonstrated mastery of technical market analysis via a series of three exams.

A market analysis approach that uses visual statistical data of securities prices as a decision support tool in making trades based on price trend.

The Chicago Board Options Exchange (CBOE) is a subsidiary of CBOE Holdings, Inc. and is the largest U.S. options exchange and creator of listed options. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index).

A lagging technical indicator which is an element of theIchimoku Kinko Hyo indicator that plots price movement 26 periods behind the most recent closing price.

Price chart action that swings up and down at a high frequency, but resulting price movement remains neutral.

All options of the same type (call or put), for a particular stock, index fund or futures security.

An agency or company associated with an exchange to manage confirmation, settlement and delivery of transactions.

Refers to the price at which a financial instrument or an overall market ended a period of trading.

A fund with a finite amount of share capital — additional shares cannot be issued or redeemed based on fluctuating demand.