Excess return above the benchmark. When your portfolio beats the S&P, that's your alpha.

Exploiting price differences in different markets. Buying low here, selling high there — same asset.

A 20%+ decline from recent highs. When everything's red and fear runs the show.

How much a stock moves relative to the market. High beta = more volatile. Low beta = steadier.

An unpredictable event with extreme consequences. Think 2008, COVID crash, or flash crashes.

A massive order (10K+ shares) executed off-exchange. Big money moving in silence.

Volatility bands around a moving average. When price touches the bands, things might reverse.

A sustained rise in prices, typically 20%+ from a low. When everything's printing green.

The right to buy a stock at a set price. You're betting it goes up.

Japanese-style chart showing open, high, low, close. The language of price action.

Assets pledged to secure a loan or derivative position. Your safety net.

Selling a call on stock you own. Collecting premium while holding the bag — the income play.

Decentralized Finance. Banking without the banks. Smart contracts doing what Wall Street does.

How much an option price moves per $1 stock move. The sensitivity gauge.

Cash a company pays shareholders from profits. Getting paid just for holding.

Investing a fixed amount regularly regardless of price. The slow and steady approach.

Exchange-Traded Fund. A basket of stocks you can trade like a single ticker. Instant diversification.

Federal Open Market Committee. The people who set interest rates. When they talk, markets move.

The rate of change of delta. How fast your option's sensitivity changes. The acceleration.

A position that offsets potential losses. Insurance for your portfolio.

The market's forecast of price movement. High IV = market expects big moves.

Selling both a call spread and put spread. Betting the stock stays in a range.

How easily you can buy or sell without moving the price. More liquidity = smoother trades.

Moving Average Convergence Divergence. Momentum indicator showing trend changes.

Borrowed money from your broker to trade. Leverage amplifies gains AND losses.

Share price times total shares. How much the market says a company is worth.

Non-Fungible Token. Digital ownership on the blockchain. Unique assets in a digital world.

Price-to-Earnings. How much you pay per dollar of profit. The value measuring stick.

The right to sell a stock at a set price. You're betting it goes down — or protecting your position.

Central bank buying assets to inject money into the economy. The money printer goes brrrr.

Relative Strength Index. Measures if a stock is overbought or oversold. 70+ is hot, 30- is cold.

Borrowing shares to sell high, buying back low. Profiting from decline. High risk, high drama.

Locking up crypto to support the network and earn rewards. The crypto version of dividends.

An order that automatically sells if price drops to your level. Protecting your downside.

Price levels where buying or selling pressure concentrates. The floor and ceiling of a stock.

Time decay. How much an option loses value each day. Time is money — literally.

Sensitivity to implied volatility changes. When vol moves, your option's price shifts.

The 'fear index.' Measures expected S&P 500 volatility. High VIX = market is scared.

3D map of implied vol across strikes and expirations. The terrain that quants navigate.

Chart of bond yields across maturities. Inverted = recession signal. The macro crystal ball.