Glossary | TradeIntel

Volatility Terms 28 terms

All-Time Low (ATL): The lowest price a name has ever traded. Leveraged volatility ETFs decay and reverse split, so their all-time low keeps moving lower. Every spike measurement on this site is taken as a percentage above the running low rather than a fixed floor. A 52-week low is the wrong reference for these ETFs because they set new lows routinely. Vol ETF All-Time Low Analysis
Backwardation: When near-dated VIX futures cost more than later-dated ones, so the curve slopes down. It appears when traders are paying up for immediate protection and usually accompanies a falling market. Contango vs Backwardation
Contango: When later-dated VIX futures cost more than near-dated ones, so the curve slopes up. This is the normal state of the curve. It is also the main reason long volatility ETFs bleed value: they repeatedly sell the cheaper front contract and buy the more expensive one behind it. VIX Term Structure
Crash Skew: The gap between the implied volatility of a 10-delta put and at-the-money implied volatility. A wide gap means far out-of-the-money downside puts are bid up relative to the rest of the chain, showing demand for protection against a large drop rather than a modest one. IV Term Structure
Cycle High Spike: The largest spike above the all-time low a volatility ETF reached during its current cycle (since the last new low). It shows how far the current run has already traveled. Leveraged ETF Snapshot
Decay: The value a leveraged or inverse ETF loses from resetting its exposure every day. Over a choppy stretch a 2x ETF ends up well behind 2x the index return. That gap compounds, which is why ETFs like UVXY grind toward new all-time lows over time. Decay Projection
Front Month: The nearest expiration on a futures curve. For VIX futures the front month is VX1. Long volatility ETFs hold most of their exposure in this contract, so its price and volume matter more than the months behind it.
Implied Volatility (IV): The volatility the options market is pricing in for the future, backed out of actual option prices. High IV means options are expensive and large moves are expected. Low IV means the market expects a quiet stretch. Implied Volatility Table
Inverse ETF: An ETF built to return the opposite of its index for a single day, often at 2x or 3x. SQQQ returns -3x the Nasdaq 100's daily move. Because exposure resets each session, holding it for weeks does not deliver -3x the period return.
IV Inversion: When front-month implied volatility sits above later expirations, flipping the normal upward slope. It usually appears when an earnings report or other dated catalyst falls inside the front expiration. IV Term Structure
IV Term Structure: One ticker's at-the-money implied volatility plotted across every listed expiration. An upward slope is normal. A front month sitting above the back months means an event is priced into the near contracts. IV Term Structure
Leveraged ETF: An ETF that multiplies its index's daily return, usually by 2x or 3x. The multiplier applies to one day at a time, so longer holding periods produce results that diverge from the expected multiple. Leveraged ETF Day Trading
Long Vol: Any position that gains when volatility rises: long VIX futures, long volatility ETFs, or long options. It costs money to hold in a calm market, so entry timing drives most of the outcome. Long Vol Signal
Realized Volatility: How much a stock or index actually moved over a past window, annualized so it can be compared with implied volatility. It measures what happened. Implied volatility measures what the market expects.
Reverse Split: When an ETF swaps several old shares for one new one, lifting the share price without changing ownership value. UVXY has done this repeatedly. Prices must be adjusted through every reverse split or earlier history becomes unreadable. Leveraged ETF Splits
Roll Yield: The gain or loss a futures-based ETF takes purely from rolling out of an expiring contract into the next one. In contango the ETF sells cheap and buys expensive on every roll. That recurring cost is the main engine of volatility ETF decay.
Skew: The gap between the implied volatility of a 25-delta put and a 25-delta call. When puts price higher than calls, downside protection is the more expensive side of the chain. This is the usual state for index options. IV Term Structure
Spike: How far a leveraged volatility ETF sits above its all-time low, measured in percent. A UVXY spike of 120% means the ETF trades at 2.2 times the lowest price it has ever printed. The spike tools measure how each level has resolved from there. Spike Analyzer
Term Structure: The full curve of VIX futures prices from the front month out to the back. Its shape, contango or backwardation, is the fastest single read on whether the volatility market is calm or under stress. VIX Term Structure
VIX: The Cboe Volatility Index. It measures the 30-day implied volatility priced into S&P 500 options. VIX rises when traders pay up for protection and usually moves opposite the index. You cannot buy the index itself, only futures and options on it.
VIX Beta: How many VIX points move per 1% drop in the S&P 500. The number is not fixed. Beta runs high when VIX is low and compresses once VIX is already elevated, so the same 1% index drop produces a much smaller VIX move in a stressed market. VIX Beta Tracker
VIX Expiration: The monthly settlement of VIX futures and options. It lands on the Wednesday 30 days ahead of S&P 500 option expiration in the following month. Volatility ETFs roll around this date, and leveraged ETFs show their own pattern into and out of it. ETF Event Reaction
Volatility Risk Premium (VRP): The gap between VIX and the S&P 500's realized volatility over the past 6 months. VIX normally prices above what actually occurs. How wide that gap runs has historically shifted the odds of the next VIX spike. Volatility Risk Premium
VVIX: The implied volatility of VIX options, the volatility of volatility. When VVIX runs hot against its own history, the market is paying up for the chance of a spike rather than for the current level of VIX. VVIX Radar
VX Futures: Exchange-listed futures on the VIX, quoted by expiration month. These are the contracts volatility ETFs actually hold, so their prices, not the VIX index, determine ETF performance.
VX1: The front-month VIX future, the nearest contract on the curve. Heavy VX1 volume relative to its own trailing year has historically preceded larger VIX moves. VIX Futures Volume Radar
VX30: A synthetic 30-day VIX future blended from the two nearest contracts so maturity stays fixed at 30 days. Comparing spot VIX against VX30 shows contango or backwardation cleanly, without the jump that occurs when the front month rolls. VIX vs VX30 Radar
Zone: The band between two levels a ticker is currently sitting inside, for example VIX between 20 and 30, or a volatility ETF between two spike levels. The zone tools measure which edge broke first and how those odds shifted the longer the ticker stayed inside the band. VIX Zone Analyzer

Options Terms 39 terms

0DTE: An option expiring the same day it trades. SPY, QQQ, IWM and SPX list them every session. With no time left, the price is almost pure gamma and moves violently against small moves in the underlying. SPX 0DTE Cheat Tool
Assignment: What happens to the seller of an option when the buyer exercises. The seller must deliver shares on a call or buy them on a put. Assignment can occur at any time on American-style contracts, though it is far more likely once the option is deep in the money or near expiration.
At the Money (ATM): The strike sitting at or nearest the current stock price. At-the-money options carry the most time value and the most gamma, so they react fastest to a move.
Bid-Ask Spread: The gap between the highest price a buyer will pay and the lowest price a seller will take. You buy at the ask and sell at the bid, which is why a position shows a loss the instant it opens, before the stock has moved.
Breakeven: The stock price at expiration where a position makes nothing and loses nothing. A long call breaks even at the strike plus the premium paid.
Butterfly: A three-strike position: buy 1, sell 2 at a middle strike, buy 1 further out. It costs a fixed debit, pays the most if the stock lands at the middle strike, and the two outer legs (the wings) cap the loss. Butterfly Cheat Tool
Call: An option giving the holder the right to buy 100 shares at the strike price on or before expiration. Buying one is a bet the stock rises. Selling one takes in premium and carries the obligation to deliver shares.
Cash Settled: An option that pays out in cash at expiration rather than delivering shares. SPX options are cash settled and European style, so they cannot be exercised early. SPY options deliver shares and can be exercised early.
Credit: Money collected when a position opens because the options sold cost more than the options bought. A credit is the most the position can make.
Danger Breakeven: In a front-ratio spread, the price beyond max profit where the extra short contracts overwhelm the single long one and the trade turns into a loss. Past this level the exposure keeps growing, so it is the number used for position sizing. Short Ratio Spreads
Days to Expiration (DTE): Calendar days left until an option expires. Time value decays faster as DTE falls, and the last 2 weeks carry most of that decay.
Debit: Money paid to open a position because the options bought cost more than the options sold. On a defined-risk position the debit is the most that can be lost.
Delta: How much an option's price moves for a $1 move in the stock. It also reads roughly as the chance the option ends in the money: a 30-delta call is priced near a 30% chance of finishing past the strike.
Exercise: Using an option's right to buy shares (call) or sell them (put) at the strike. Most traders close the option instead because exercising gives up remaining time value.
Expiration: The date an option stops trading and settles. Whatever intrinsic value it holds at that moment is all it is worth. Everything else has decayed to zero.
Extrinsic Value: The part of an option's price above its intrinsic value, made up of time left and implied volatility. It goes to zero at expiration. That is what an option seller collects and an option buyer pays for.
Floor Trade: An options order worked by a human broker on the exchange floor instead of routing electronically. These prints are mostly institutional and tend to come in size, which is why they are tracked separately. Options Floor Trades
Gamma: How fast delta changes as the stock moves. Gamma is highest at the money and highest near expiration. It is why a 0DTE position can go from nearly worthless to deep in the money on a small move.
Gamma Exposure (GEX): An estimate of how much stock market makers must buy or sell to stay hedged as price moves. Positive dealer gamma means they sell into strength and buy into weakness, dampening moves. Negative gamma means they do the opposite, amplifying moves. Gamma Exposure
Gamma Wall: A strike carrying enough dealer gamma to act like a magnet or a brake on price. Large call walls tend to sit above spot and cap rallies. Large put walls tend to sit below and slow declines. Gamma Exposure
Implied Move: The size of the move the option chain is pricing in through a given expiration, backed out of at-the-money premium. It is what the market is charging for the move and the bar a real move has to clear for a long option to pay.
In the Money (ITM): A call with a strike below the stock price, or a put with a strike above it. An in-the-money option carries intrinsic value, so part of its price is already real.
Intrinsic Value: What an option would be worth if it expired right now: the distance the strike sits in the money, and zero otherwise.
Max Profit: The most a defined position can make and the price where it makes it. On a butterfly that is the middle strike. On a credit spread it is anywhere past the short strike.
Net Credit: What remains after the long and short legs of a spread net out when the shorts bring in more than the longs cost. It is cash in the account on day one and the ceiling on the trade's profit.
Open Interest (OI): The number of contracts currently held open at a strike. Volume measures what traded today. Open interest measures what is still on the books from prior sessions.
Out of the Money (OTM): A call with a strike above the stock price, or a put with a strike below it. It holds no intrinsic value, so the entire price is time and volatility.
Premium: The price of an option, quoted per share. A contract covers 100 shares, so a premium of 2.50 costs $250.
Probability of Profit (POP): The chance a position is worth at least a dollar at expiration. Selling further out of the money raises POP and lowers the credit, so the two always trade against each other. Options Seller Cheat Tool
Put: An option giving the holder the right to sell 100 shares at the strike price on or before expiration. Buying one is a bet the stock falls or insurance on shares already owned.
Return on Buying Power: Premium collected divided by the buying power the trade ties up. It lets a small credit on a tight spread be compared against a large credit on a wide one, because the second uses far more of the account. Return on Buying Power Calculator
Rho: How much an option's price moves per 1 percentage point change in interest rates. It is the smallest of the Greeks on short-dated contracts and only starts to matter on long-dated ones.
Roll: Closing an option and reopening the same structure at a later expiration, a different strike, or both. On this site a roll's debit is measured as the cost of buying back the old leg alone, so the new leg's credit is never netted into it.
Short Ratio Spread: Buy 1 option and sell 2 or 3 further out of the money, usually for a credit. Max profit sits at the short strike. Past the danger breakeven the extra short contracts leave open risk. Short Ratio Spreads
Strike: The price at which an option can be exercised. It is fixed for the life of the contract, so every option on a ticker is a bet about where price sits against one specific number.
Sweep: An order broken across several exchanges at once to fill immediately rather than wait for a better price. Paying up for speed usually signals urgency behind the order.
Theta: The dollar value an option loses per day from time passing alone, with the stock unchanged. It is what a seller collects and a buyer fights. It accelerates as expiration approaches. Options Buyer Cheat Sheet
Vega: How much an option's price moves per 1 point change in implied volatility. A long option gains on rising IV even if the stock stands still and loses on falling IV the same way.
Volume / OI Ratio: Contracts traded today divided by the open interest already sitting at that strike. Above 1 means today's activity is larger than everything on the books there, so the position is most likely new rather than a close-out. Options Screener

Patterns and Price Levels 26 terms

52-Week Low: The lowest price over the past year. For an ordinary stock it marks a real low. For a leveraged volatility ETF it is close to meaningless because those ETFs set new lows as a matter of routine. 52-Week Lows
52-Week Range: Where price sits between its 52-week low and its 52-week high, scored 0 to 100. A reading of 0 means it is on the low, 100 means a new high, and 50 means the midpoint of the year's range. 52-Week Range
All-Time High (ATH): The highest price a ticker has ever reached. Being at an all-time high means every holder is in profit, so there is no overhead supply from anyone waiting to get back to even. All-Time Highs
Anchored VWAP: A volume-weighted average price that starts from a date you pick instead of the session open. Anchor it to the last earnings report and you get the average price paid by everyone who has traded since. That level often acts as support or resistance. Anchored VWAP
Bearish Engulfing: A red candle whose body completely covers the prior green candle's body. Sellers took back the entire previous session's gain inside one bar. Engulfing Candles
Breakdown: A close below a prior low or a defined level. On this site a breakdown requires the close to be under the level. An intraday poke that recovers by 4 PM does not qualify.
Breakout: A close above a prior high or a defined level. As with breakdowns, the close has to clear the level. A wick through it and a close back inside is a different outcome.
Bullish Engulfing: A green candle whose body completely covers the prior red candle's body. Buyers erased the previous session's decline inside one bar. Engulfing Candles
Candle (OHLC): One bar of price data: the open, high, low and close over a fixed window. That window can be a session, a week, or a 15-minute slice. Everything the tools measure is built from these four numbers.
Death Cross: The 50-day moving average crossing below the 200-day. It is a slow signal by construction because both averages are already lagging by the time they cross. Death Crosses
Double Inside Bar: Two inside bars back to back, so the range narrowed twice in a row. It is rarer than a single inside bar and the compression going in is tighter. Inside Bars
Gap: The difference between today's open and yesterday's close, in percent. It is the part of the move that happened overnight, before anyone could trade it in regular hours.
Gap Fill: When price trades back to the prior close, closing the gap it opened with. The tools measure both whether it filled and how long it took, matched to past gaps of similar size and context. Gap Fills
Golden Cross: The 50-day moving average crossing above the 200-day. Like the death cross it is slow. What matters is what price did after the cross, which is what the tool measures. Golden Crosses
Inside Bar: A session whose high is lower than the prior session's high and whose low is higher than the prior low, so the entire range fits inside the last one. On a daily chart it is an inside day. On a weekly chart it is an inside week. In both cases the range compressed. Inside Bars
Intraday Reversal: A session that runs a long way in one direction and closes the other, leaving a long wick. The size of the reversal, not only its direction, is what the forward numbers are matched on. Daily Reversals
Low Volume Node (LVN): A price area where very little volume has traded. Because few positions were built there, price tends to move through it quickly rather than stall. Volume Shelf Profile
Point of Control (POC): The single price level that has traded the most volume over the window. It is the center of gravity for the profile and price often returns to it. Volume Shelf Profile
Psychological Level: A round number like 50, 100 or 500 that price tests repeatedly before it clears for good. The tools measure how many attempts each level took. Psychological Levels
Squeeze: An unusually tight 5-day range measured against that ticker's own history of range sizes. Tight ranges do not tell you which way the next move goes, only that the recent range has compressed. Squeeze Rank
Streak: Consecutive sessions or weeks closing in the same direction. The streak tools measure both the length of the run and the cumulative return it produced, because 5 green days worth 1% is a different setup than 5 green days worth 12%. Current Streaks
Support and Resistance: Price levels where buying or selling has repeatedly shown up. Support sits under price and has held it up before. Resistance sits above and has capped it before.
Value Area (VAH / VAL): The price band holding 70% of the window's traded volume, bounded by the Value Area High and the Value Area Low. Price inside the band is trading at accepted value. Price outside it has moved beyond where most business was done. Volume Shelf Profile
Volume Profile: Volume stacked by price instead of by time. A normal volume chart shows when trading happened. A profile turns it sideways to show where. Volume Shelf Profile
Volume Shelf: A price level that traded heavy volume and more than the levels on either side of it. Shelves mark where positions were built, which is why they tend to act as support below price and resistance above. Volume Shelf Profile
VWAP: Volume-weighted average price: the average price traded, weighted by how much volume changed hands at each price. A session that traded 80% of its volume near the low has its VWAP down there, even if it closed near the high.

Indicators 16 terms

Advance / Decline: The number of stocks up on the day against the number down. A market up on the index while decliners lead is being carried by a handful of large names. Market Breadth
Average True Range (ATR): The average size of a session's range over the last 14 bars, including any gap from the prior close. It is a volatility measure in dollars and useful for sizing stops.
Beta: How much one thing moves per unit move in another. A stock with a beta of 1.4 to SPY has historically moved 1.4% for every 1% SPY move, in the same direction. Correlations
Correlation: How closely two tickers' daily returns move together, scored from -1 to +1. It measures direction agreement. Beta measures size, so two names can be highly correlated and still move by very different amounts. Correlations
Exponential Moving Average (EMA): A moving average that weights recent bars more heavily than older ones, so it turns faster than a simple average of the same length.
MA Extension: How far price sits above or below a moving average, in percent. A stock 8% over its 5-day average is stretched by its own standards. The tool measures what tended to follow from each band. 5-Day MA Extensions
MA Stack: The order of the 5, 10 and 20-day moving averages against each other and against price. The stack describes the shape of recent momentum in one reading. Daily MA Positioning
MACD: Moving Average Convergence Divergence: the gap between a 12-day and a 26-day exponential moving average, plotted against a 9-day signal line. It measures whether short-term momentum is running ahead of or behind the longer trend.
MACD Zero Line: The level where the 12-day and 26-day averages are exactly equal. Above zero the shorter average leads. Below zero it lags. The distance from the line is measured in points rather than as a percentage of price. MACD Zero Line
Market Breadth: How much of the market is taking part in a move, measured by advancers against decliners and by the share of stocks moving more than 3%, 5% or 10%. A narrow rally and a broad one look identical on the index. Market Breadth
Moving Average (MA): The average close over the last N sessions, recalculated each day. The 50 and 200-day are the two most widely watched, which is part of why price reacts around them. Moving Averages
Relative Volume: Today's volume as a multiple of the 30-day average. A session at 3x average volume is a different event than the same price move on quiet turnover. Volume
RSI: The Relative Strength Index, a 0 to 100 momentum gauge built from the size of up moves against down moves over the last 14 sessions. Above 70 is conventionally called overbought and below 30 oversold, though what actually happened at each level is what the tool measures. RSI
Seasonality: How a ticker has traded by calendar month across its history: the median return, the average, and how many years closed higher. It is a tendency measured over a small number of samples, since 20 years of history gives only 20 Augusts. Seasonal Patterns
Simple Moving Average (SMA): A moving average where every bar in the window carries the same weight. It is the default meaning of "the 50-day" or "the 200-day" unless a chart says otherwise.
Weekday Pattern: How a ticker has traded by day of the week over its history, with a median and an average for each. Like seasonality it describes a tendency, and the sample per weekday decides whether it means anything. Weekday Patterns

Reading the Results 19 terms

Average and Median: The average is the mean of every result and gets pulled around by outliers. The median is the middle result, so it describes the typical case. When the two are far apart, a small number of large moves is doing the work.
Backtest: Running a rule against a ticker's own history to see what it would have produced: the odds, the median move, the worst decline along the way, and which level price reached first. Backtesting Tools
Base Rate: How often something happens with no conditions applied at all. Every conditional result should be read against it, because a setup with 56% green odds means nothing if the ticker closes green 56% of all days anyway.
Chance of Move: The bar showing the historical odds of price reaching a given move from where it sits now, measured across the matched days. It is a frequency measured from past occurrences rather than a forecast.
Cone: The band of prices past matched days landed inside, drawn forward from now. The outer edges are the extremes those days reached and the middle is the typical path. A wide cone shows that outcomes were scattered.
Drawdown: The worst decline from the entry along the way, before the period ends. A setup that closes up 4% after a 9% drawdown is a very different trade than one that closes up 4% in a straight line.
Drift: In the intraday tools, the average move matched days made from the current checkpoint into the 4 PM close. It is the lean inside the cone rather than a prediction of where price ends. SPX 0DTE Cheat Tool
Equity Curve: The running profit and loss of a backtest plotted trade by trade. It shows the path a strategy took, which a single total return hides completely. Vol ETF All-Time Low Analysis
First Touch: Which of two levels price reached first, the upside target or the downside stop. It answers the question a real trade cares about, because a day that hits your stop before your target is a loss even if it closes green.
Follow-Through: Whether the move continued after the signal day, and by how much. It separates a one-day event from the start of something larger.
Forward Return: The return measured from the signal date out to a fixed time frame, usually 1 day, 1 week, 1 month or 6 months. It is measured from the same entry every time so occurrences stay comparable.
Green Odds and Red Odds: The share of matched days that closed higher and the share that closed lower. The odds measure how the sample split. The averages measure how far each side traveled. Both are needed to read a result.
Lookback Window: How far back a calculation reaches. Changing it changes the answer, which is why a volume profile over 1 month and the same profile over 6 months can mark completely different levels.
Matched Days: The past sessions that met the same conditions you set. Every statistic a tool prints is measured from these and nothing else. Tightening a filter shrinks the sample as it sharpens the match.
Percentile: Where a reading sits against its own history, from 0 to 100. A 90th-percentile reading has been higher only 10% of the time. That is a more useful statement than the raw number on its own.
Sample: The number of matched occurrences behind a statistic. A 70% hit rate off 8 occurrences and a 70% hit rate off 400 are not the same claim. The sample is printed next to every result for that reason.
Time Frame: The stretch of time a statistic is measured over, such as the next day, the next week, or the next 6 months. Odds usually rise with the time frame simply because there is more time for price to get there.
Touch vs Close: Touch measures any intraday high or low that reached the level, even for a second. Close measures only where price ended the period. Touch odds are always higher. Which one matters depends on whether your order sits at the level or you are holding to the close. Probability Lab
Win Rate: The share of occurrences that closed in the direction being tested. It says nothing about size. A high win rate with small wins and rare large losses can still lose money.

The Trading Day 12 terms

After Hours: Trading between 4:00 PM and 8:00 PM ET, after the regular session closes. Volume is thin and spreads are wide. Most earnings reports land in this window.
Checkpoint: A fixed 15-minute mark inside the session that the intraday tools read price at, then match against the same mark on past days. Reading 11:45 AM against every past 11:45 AM keeps the comparison clean. Leveraged ETF Day Trading
FOMC: The Federal Open Market Committee, which sets the target for the fed funds rate at 8 scheduled meetings a year. The decision and the press conference that follows are among the largest scheduled volatility events on the calendar. ETF Event Reaction
Half Day: A shortened session closing at 1:00 PM ET, which happens around certain holidays. Volume is light and the day's range is usually a fraction of a normal session. Holiday Returns
Market Close: 4:00 PM ET, when the regular session ends. It is the price everything on this site is measured to unless a tool says otherwise, because it is the only price of the day everyone agrees on.
Market Open: 9:30 AM ET, when regular trading begins. The gap between the open and the prior close carries everything that happened overnight.
Pre-Market: Trading between 4:00 AM and 9:30 AM ET, before the regular session. Prices here can move a long way on very little volume, so a pre-market print is a weaker signal than the same move in regular hours.
Quad Witching: The third Friday of March, June, September and December, when stock index futures, stock index options and single-stock options all expire on the same day. Volume runs far above a normal session, especially into the close. ETF Event Reaction
Regular Trading Hours (RTH): 9:30 AM to 4:00 PM ET, the main session. Anything outside it is pre-market or after hours. The tools keep the two separate rather than blending them into one bar.
Sector ETF: One of the 11 SPDR ETFs that split the S&P 500 into sectors, from XLF for financials to XLE for energy. Ranking them against SPY on the day shows where money actually went. Sector Overview
Session: One trading day. Counts on this site are in sessions rather than calendar days, so "20 sessions later" skips weekends and holidays.
Split: When a company or ETF swaps each share for several, cutting the price proportionally. Price history has to be adjusted through every split or the chart shows a crash on the effective date that never happened. Leveraged ETF Splits

Company and Economic Data 28 terms

13F: The quarterly filing large institutions make with the SEC listing their US stock holdings. It lands up to 45 days after quarter end, so it shows what was held then, not what is held now. Short positions never appear on it. Famous Investors
8-K: The filing a company makes with the SEC for a material event. Item 2.02 is the earnings release, which is where the exact report date and time come from rather than a third-party estimate. Earnings Analyzer
Advisory Committee: An outside panel of experts that reviews a drug application and votes on whether the FDA should approve it. The vote is not binding, but a negative one usually moves the stock hard. FDA Calendar
Analyst Consensus: The average rating across every analyst covering a stock, from strong buy to sell. It moves slowly, so a single upgrade or downgrade often matters more than the consensus level itself. Analyst Ratings
Balance Sheet: What a company owns, what it owes, and what is left for shareholders, all at a single point in time. Cash and debt are the two lines that matter most for how much room a company has. Company Fundamentals
Before the Bell / After the Bell: Whether a company reports earnings before the 9:30 AM open or after the 4:00 PM close. It decides which session carries the reaction, so the gap is measured differently for each. Earnings Analyzer
Cash Flow Statement: Where cash actually came from and where it went over the period, split into operating, investing and financing. Profit is an accounting figure. This is the money. Company Fundamentals
CPI: The Consumer Price Index, the monthly inflation reading for a basket of consumer goods and services. It is one of the two releases that reliably moves the whole market on the print. Economic Calendar
Earnings Gap: The move from the close before a report to the open of the first session after it. That open, not the prior close, is the entry every forward number on the earnings tools is measured from. Earnings Analyzer
Earnings Per Share (EPS): Net income divided by shares outstanding. It is the number analyst estimates are quoted against, so the gap between reported and expected EPS is what the market reacts to.
Fed Funds Rate: The overnight lending rate between banks that the Federal Reserve targets. It anchors every other rate in the economy, which is why an FOMC decision reaches far beyond bonds. Economic Indicators
Form 4: The filing an officer, director or 10% owner makes with the SEC within 2 business days of trading their own company's stock. Purchases carry more information than sales, since executives sell for many reasons and buy for one. Insider Trading
Free Cash Flow: Operating cash flow minus capital spending: the cash left over after keeping the business running. It is what pays for buybacks, dividends and debt paydown.
GDP: Gross Domestic Product, the total output of the economy, reported quarterly and revised twice after the first estimate. It is backward looking, so the market usually reacts more to the revisions than the level. Economic Indicators
Gross Margin: Revenue minus the direct cost of what was sold, as a percentage of revenue. It shows the pricing power in the product before any overhead is counted.
Income Statement: Revenue down to net income over a period, with every cost taken out along the way. It is the statement that produces earnings per share. Company Fundamentals
IPO: An initial public offering, the first sale of a company's shares to the public. Newly listed names have no price history to measure against, so most historical tools cannot say anything about them yet. IPO Calendar
Market Cap: Share price times shares outstanding: what the market says the whole company is worth. It is the standard way to size one company against another, since share price alone says nothing. Company Screener
Net Margin: Net income as a percentage of revenue, so what is left of every dollar of sales after everything is paid. It is the bottom line of the three margins.
Operating Margin: Operating income as a percentage of revenue, after overhead but before interest and taxes. It is the cleanest read on how efficiently the core business runs.
P/E Ratio: Share price divided by earnings per share, so the price paid per dollar of profit. It only compares fairly between companies growing at similar rates. Company Screener
PCE: Personal Consumption Expenditures, the inflation gauge the Federal Reserve watches most closely. It measures the same idea as CPI with a different basket and different weights, and the two can move apart. Economic Calendar
PDUFA Date: The deadline by which the FDA must decide on a drug application. For a small biotech it is often the single largest dated event on the calendar, and options into it price accordingly. FDA Calendar
Price Target: Where an analyst expects the stock to trade, usually over the next 12 months. The spread between the highest and lowest target across covering analysts says more than the average does. Analyst Ratings
Short Interest: The number of shares sold short, usually quoted as a percentage of the float. High short interest is fuel for a sharp rally if the stock turns, because those positions have to buy to close.
STOCK Act: The law requiring members of Congress to disclose their stock trades within 45 days. The delay means the disclosures are old by the time they publish, and late filings are common. Politician Trade Tracker
Trailing Twelve Months (TTM): The last 4 reported quarters added together. It gives a full-year figure that updates every quarter, rather than waiting for the fiscal year to end. Company Screener
Treasury Yield Curve: Treasury yields plotted from the shortest maturity to the longest. It normally slopes up. When short yields rise above long ones the curve is inverted, which has historically preceded recessions. Economic Indicators

TradeIntel Terms 9 terms

Chart Log: A chart with orange shaded columns marking every past day that had a similar setup. This allows you to easily visualize what happened next.
Premium Signals: A dashboard signal that provides high quality setups with the historical results that followed similar setups. Each card expires and disappears once the condition is no longer current. Dashboard
Radar: The dashboard scan that flags what changed today across the tools. Each finding renders as its own card. Dashboard
Reality Check: The research section where theories are tested. Reality Check
Spike Probability Engine: The shared machinery behind the volatility spike tools. It measures every past occurrence of a spike level and reports how often each one resolved, which is what the analyzer and the ladder both read from. Spike Probability Ladder
Stock of the Day: One name that passed all 10 conditions of the daily screen. It is a pass or fail screen rather than a ranking, so on some days nothing clears it.
TIA: The assistant built into the site. Ask a question in plain English and it picks the right tool, runs it on your ticker, and answers in the chat panel without you having to know which page to open.
Watchlist: Your saved list of tickers, stored to your account rather than the browser, so it follows you between the site and the app.
Zone Analyzer: The family of tools that examine a ticker sitting between two levels and measure which edge breaks first, along with how those odds shift the longer it stays inside the band. VIX Zone Analyzer

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