American Style Option
An option that can be exercised at any time on or before its expiration date.
Ask Price
The price at which a seller is offering to sell an option or a stock.
Asset
Underlying financial instrument used to determine the strike price of the contract. They are generally categorized as commodities, stocks, currency pairs or indices.
At The Money
A term that describes an option with a strike price that is equal to the current market price of the underlying stock.
Averaging Down
Buying more of a stock or an option at a lower price than the original purchase so as to reduce the average cost.
Quoted