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34 Cards in this Set
- Front
- Back
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Upside breakeven |
Call strike price + combined premium |
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Downside breakeven |
Put strike price + combined premium |
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Long call breakeven |
Strike price + premium |
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Bond buyer "20 bond" index |
20 G.O bonds with 20 years to maturity all rated A or better |
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Stabilization |
Act of 1934- stabilizing new issues permitted |
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Rule 606 of Reg. NMS |
Reports of broker-dealers must be disclosed for the preceding 6 months |
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Dow Jones Industrial average |
30 stocks |
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Dow jones average |
65 stocks: 30 industrial 20 transportation 15 utility |
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Establish a long put position |
Opening purchase |
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Marginable stock deposit amount |
50% per Reg. T |
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Minimum maintenance margin balance |
2K per FINRA |
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Short put breakeven |
Strike minus premium |
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LMV |
Long market value |
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SMA |
Equity minus market value divided by 2 |
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Equity |
LMV- debit |
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Equity % |
Equity ÷ Market value |
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Market order |
Guarantee execution, not price
Example: Buy 100 ABC or Sell 100 ABC |
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Limit order |
Guarantee price, but not execution
Example: Buy 100 ABC @ 75 |
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Stop order |
No guarantees... used to lock in a gain, stop a loss (bleeding)
Example: Buy 100 ABC @ 75 stop |
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NYSE |
Stocks |
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AMEX & PHLX |
Stocks & options |
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C.B.O.T |
Futures |
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1st market |
Listed securities on an exchange |
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Funded debt |
Long term Corp debt |
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Long margin deposit % |
25 |
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Short margin deposit % |
35% |
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Orders memory trick |
OBSLOB ------over ------- OSLOSS |
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Solving conversions formula |
PAR -------over------ CR|CP |
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Ask |
The price at which you sell |
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Bid |
The price at which you buy |
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Max loss when you buy a call |
What you spent |
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2nd market |
O.T.C.B.B securities over the counter |
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3rd market |
Over the counter trading of exchange listed securities |
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4th market |
Direct between institutions trading |
