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The definitive WSB trading dictionary with 58 terms every options trader needs to know. From Diamond Hands to YOLO, this glossary covers the language of r/wallstreetbets, r/options, and Reddit trading communities.
58 terms every trader needs to know
What does 0DTE mean in trading?
Zero Days To Expiration. Options that expire TODAY. Maximum risk, maximum reward, maximum degen.
"0DTE SPY puts at open, let's see if Powell tanks the market today"
What does Ape mean in trading?
A retail investor who buys and holds a stock regardless of fundamentals, often out of spite toward short sellers.
"Just aping into GME again, don't even care about the earnings report"
What does ATH mean in trading?
All-Time High. When a stock or portfolio reaches its highest price ever.
"NVDA just hit ATH and I'm still not selling"
What does ATM mean in trading?
At The Money. An option with a strike price equal to the current stock price.
"Bought ATM calls expiring Friday, let's ride"
What does Bag mean in trading?
A losing position you're still holding. 'Holding bags' means you're stuck with worthless shares.
"Still holding these CLOV bags from last summer, down 85%"
What does Bagholder mean in trading?
Someone left holding shares of a stock that has plummeted in value. They bought the top and are now 'holding the bag.'
"I'm a proud WISH bagholder at $14, current price $0.50"
What does Bear mean in trading?
Someone who believes a stock or the market will go down. Bears buy puts or short stocks.
"I've been a bear on TSLA since $200 and I've been wrong every single time"
What does BTFD mean in trading?
Buy The F***ing Dip. A rallying cry to buy when prices drop, assuming they'll recover.
"SPY down 2%? BTFD this is a gift"
What does Bull mean in trading?
Someone who believes a stock or the market will go up. Bulls buy calls or shares.
"Perma-bull since birth, bears are always wrong eventually"
What does Calls mean in trading?
Call options. Give you the right to BUY a stock at a specific price. You buy calls when you think a stock will go UP.
"AAPL 200c 3/21 let's gooooo"
What does Chad mean in trading?
A trader who makes bold, confident moves that work out. The ideal degen.
"That guy who put $100K into GME at $4 is a total Chad"
What does Copium mean in trading?
The copium you inhale to convince yourself your losing trade will turn around. The opposite of hopium - you know you're coping.
"It's not a loss until you sell, right? *inhales copium*"
What does Crayon Eater mean in trading?
Someone who does technical analysis (drawing lines on charts). Self-deprecating term implying TA is as sophisticated as eating crayons.
"As a crayon eater, I can confirm the head and shoulders pattern on this chart"
What does DD mean in trading?
Due Diligence. An in-depth analysis or research post about a stock. The holy grail of WSB content.
"Just spent 47 hours writing DD on why PLTR is going to $100. TLDR: buy calls"
What does Degen mean in trading?
Degenerate. A trader who makes reckless, high-risk bets. Worn as a badge of honor on WSB.
"Full degen mode activated: just put my entire savings into 0DTE SPY calls"
What does DFV mean in trading?
DeepF***ingValue. The legendary WSB member (Keith Gill) who turned $53K into $46M on GameStop. A living legend.
"If DFV is still in, I'm still in"
What does Diamond Hands mean in trading?
Holding a position through extreme volatility without selling. The ultimate compliment on WSB.
"Down 80% and still holding. Diamond hands baby, these shares are going to the grave with me"
What does Earnings Roulette mean in trading?
Buying options before an earnings report hoping for a big move. Pure gambling with extra steps.
"Playing earnings roulette on AMZN tonight, straddle or bust"
What does Exit Liquidity mean in trading?
The person who buys your bags at the top. If you don't know who the exit liquidity is, it's you.
"Thanks for being my exit liquidity at $400, regards"
What does FD mean in trading?
A deeply out-of-the-money option expiring very soon (usually same week). Originally stood for something NSFW. The riskiest play possible.
"Bought SPY 500c 0DTE for $0.03, this is either Lambos or Wendys"
What does FOMO mean in trading?
Fear Of Missing Out. The anxiety that drives you to buy a stock after it's already pumped 200%.
"I know I shouldn't chase but FOMO is too strong, buying the top again"
What does FUD mean in trading?
Fear, Uncertainty, and Doubt. Negative sentiment or information spread about a stock, often accused of being deliberate manipulation.
"Don't listen to the FUD, the shorts are desperate"
What does Gain Porn mean in trading?
Screenshots of massive unrealized or realized profits. The content that makes WSB jealous.
"Check out this gain porn: turned $500 into $50,000 on TSLA weeklies"
What does Gamma Ramp mean in trading?
When market makers who sold call options have to buy the underlying stock to hedge, creating a self-reinforcing upward price spiral.
"The gamma ramp is set up perfectly for a squeeze, we just need volume"
What does Green Dildo mean in trading?
A large green candlestick on a stock chart, indicating a sharp price increase.
"Wake up to a massive green dildo on the 5-min chart, we eating today"
What does GUH mean in trading?
The sound of watching your entire portfolio evaporate. Origin: a WSB member who live-streamed his account going to zero.
"Just opened my portfolio... GUH"
What does HODL mean in trading?
Hold On for Dear Life. Originally a typo in a Bitcoin forum post that became a meme. Means holding no matter what.
"HODL gang checking in, I'll sell when I'm dead"
What does Hopium mean in trading?
The drug of irrational optimism. When you hold a losing position based on hope rather than any logical thesis.
"My BBBY calls are down 95% but I'm high on hopium, this is fine"
What does Infinite Money Glitch mean in trading?
A trade setup that theoretically can't lose. Spoiler: it can and will lose.
"Found an infinite money glitch: sell puts, use premium to buy calls. Can't go tits up."
What does ITM mean in trading?
In The Money. An option that has intrinsic value. Calls below current price, puts above.
"My ITM calls are finally printing, patience pays off"
What does IV Crush mean in trading?
Implied Volatility Crush. When IV drops sharply after an event (like earnings), destroying the value of options even if you got the direction right.
"Stock went up 5% after earnings but my calls lost money because of IV crush. I hate this game."
What does Lambo mean in trading?
Lamborghini. The dream purchase after a YOLO pays off. The ultimate degen milestone.
"When this trade hits I'm getting a lambo. When it doesn't I'm getting a bus pass."
What does Let It Ride mean in trading?
Not taking profits and letting a winning trade continue running. Usually ends in tears.
"Up 400% but I'm going to let it ride because I'm greedy and stupid"
What does LMAO Gottem mean in trading?
The feeling when your ridiculous YOLO trade actually works out and you can laugh at everyone who doubted you.
"They called me crazy for buying 0DTE puts. LMAO GOTTEM"
What does Loss Porn mean in trading?
Screenshots of massive losses. WSB's favorite content. The worse the loss, the more upvotes.
"Here's my loss porn: -$97,000 on WISH. My wife's boyfriend is not happy."
What does Moon mean in trading?
When a stock price skyrockets. 'To the moon' is the ultimate bull thesis.
"GME is going to the moon, pack your bags apes"
What does NGMI mean in trading?
Not Gonna Make It. Used to describe someone making terrible financial decisions (which is everyone on WSB).
"Sold your GME at $40? NGMI"
What does OTM mean in trading?
Out of The Money. An option that has no intrinsic value. Calls with strikes above current price, puts with strikes below.
"Bought some deep OTM calls because I like lottery tickets"
What does Paper Hands mean in trading?
Selling a position at the first sign of a dip. The opposite of diamond hands. The worst insult on WSB.
"If you sold GME at $150 you have paper hands and deserve to be poor"
What does Power Hour mean in trading?
The last hour of trading (3-4 PM ET). When volume surges and degens make their most impulsive decisions.
"Waiting for power hour to YOLO into SPY calls"
What does Printer Go Brrr mean in trading?
The Federal Reserve printing money (quantitative easing), which inflates asset prices. The ultimate bull thesis.
"Why would I buy puts? Money printer go brrr, stonks only go up"
What does Puts mean in trading?
Put options. Give you the right to SELL a stock at a specific price. You buy puts when you think a stock will go DOWN.
"TSLA 100p 4/20 because Elon tweeted something dumb again"
What does Red Dildo mean in trading?
A large red candlestick on a chart, indicating a sharp price drop.
"Three red dildos in a row, my calls are toast"
What does Regard mean in trading?
The WSB-safe version of a word that rhymes with it. A term of endearment among degens.
"You beautiful regards actually did it, we squeezed the shorts"
What does Short Ladder Attack mean in trading?
An alleged manipulation tactic by short sellers. Whether it's real or conspiracy theory depends on who you ask.
"They're doing a short ladder attack on GME again! Hold the line!"
What does Short Squeeze mean in trading?
When a heavily shorted stock rises, forcing short sellers to buy shares to cover, driving the price even higher. The holy grail of WSB.
"Short interest is 140%, this is the mother of all short squeezes"
What does Smooth Brain mean in trading?
Someone who makes decisions without thinking. A compliment in WSB culture. The fewer wrinkles, the more degen.
"I'm too smooth-brained to understand the 10-K, I just buy what the DD says"
What does Stonks mean in trading?
The intentionally misspelled version of 'stocks.' Used ironically when making terrible financial decisions.
"Stonks only go up, everyone knows this"
What does Tendies mean in trading?
Profits. Chicken tenders. The reward for a successful trade. Originally from Good Boy Points meme culture.
"If this trade works out I'm getting tendies for a month"
What does The Wheel mean in trading?
An options strategy: sell cash-secured puts, get assigned, then sell covered calls. Repeat. Theta gang's bread and butter.
"Running the wheel on AAPL, collecting $500/week in premium. Boring but profitable."
What does Theta Gang mean in trading?
Options sellers who profit from time decay (theta). They sell options to degens and collect premium while time erodes option value.
"Theta gang always wins. Let the degens buy FDs, I'll sell them."
What does Tits Up mean in trading?
When a trade goes catastrophically wrong. Usually preceded by 'literally cannot go.'
"He said it literally can't go tits up. It went tits up."
What does To the Moon mean in trading?
A stock is about to or should go to extremely high prices. The universal WSB bullish thesis.
"This is it boys, AMC to the moon, apes together strong"
What does WAGMI mean in trading?
We're All Gonna Make It. The opposite of NGMI. Used to express collective optimism.
"Apes together strong. WAGMI"
What does Wendy's mean in trading?
Where you'll be working after your YOLO fails. The default fallback career for broke traders.
"My 0DTE puts expired worthless, see you at the Wendy's dumpster"
What does Wife's Boyfriend mean in trading?
A running joke that WSB members are such losers that their wives have boyfriends. Used self-deprecatingly.
"My wife's boyfriend said I could use his computer to check my portfolio today"
What does Wrinkle Brain mean in trading?
Someone who is actually smart and does real research. The opposite of smooth brain. Used with genuine respect.
"This DD is incredible, OP is a true wrinkle brain"
What does YOLO mean in trading?
You Only Live Once. Going all-in on a single trade with your entire account. The purest expression of degen trading.
"YOLO'd my entire 401k into TSLA 300c weeklies. Either I retire or I restart. No in-between."
Related Content
Definitions reflect how these terms are used on Reddit trading communities.
This is educational content, not financial advice. But you already knew that, you beautiful degen.
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