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Pit
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PitA specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.
RELATED TERMS--------------------------------------
Trading
Buying and selling securities.
Floor
1) The area of a stock exchange where active trading occurs. 2) The price at which a stop order is activated (when the price drops low enough to activate such an order). 3) In context of interest rates, a level which an interest rate or currency is structured not to go below.
Futures
Contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.
Option
The right but not the obligation to buy or sell a fixed quantity of a commodity, currency or security at a fixed price on or until a particular date.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Pin risk
A risk that the writer of an options or futures contract faces when the price of the underlying asset closes at or very near the exercise price of the contract upon expiration.
Pink sheets
Refers to over the counter trading. Daily publication of the National Quotation Bureau that reports the bid and ask prices of thousands of OTC stocks, as well as the market makers who trade each stock.
Pinning the strike
The tendency of a stock's price to close near the strike price of heavily traded options (in the same stock) as the expiration date nears.
Pip
Used for listed equity securities. Smallest unit of a currency (i.e., cents for US dollars).
Pipeline
The underwriting process that must be completed with the SEC before a security can be offering for sale to the public.
Pit
Pit committee
A committee of the exchange that determines the daily settlement price of futures contracts.
Pitchbook
A sales book created by an investment bank-firm that details the main attributes of the firm.
PITI
Stands for principal, interest, taxes, and insurance, the four main parts of monthly mortgage obligations.
Pivot
Price level established as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price level.
Pivot point
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.
RELATED TERMS--------------------------------------
Trading
Buying and selling securities.
Floor
1) The area of a stock exchange where active trading occurs. 2) The price at which a stop order is activated (when the price drops low enough to activate such an order). 3) In context of interest rates, a level which an interest rate or currency is structured not to go below.
Futures
Contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.
Option
The right but not the obligation to buy or sell a fixed quantity of a commodity, currency or security at a fixed price on or until a particular date.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Pin risk
A risk that the writer of an options or futures contract faces when the price of the underlying asset closes at or very near the exercise price of the contract upon expiration.
Pink sheets
Refers to over the counter trading. Daily publication of the National Quotation Bureau that reports the bid and ask prices of thousands of OTC stocks, as well as the market makers who trade each stock.
Pinning the strike
The tendency of a stock's price to close near the strike price of heavily traded options (in the same stock) as the expiration date nears.
Pip
Used for listed equity securities. Smallest unit of a currency (i.e., cents for US dollars).
Pipeline
The underwriting process that must be completed with the SEC before a security can be offering for sale to the public.
Pit
Pit committee
A committee of the exchange that determines the daily settlement price of futures contracts.
Pitchbook
A sales book created by an investment bank-firm that details the main attributes of the firm.
PITI
Stands for principal, interest, taxes, and insurance, the four main parts of monthly mortgage obligations.
Pivot
Price level established as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price level.
Pivot point
A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.
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This dictionary contains 24549 terms.
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