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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 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 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 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 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 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 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 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 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"
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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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