Open Premium
Premium is the price of opening (buying) of an option per one unit of currency.
Premium is used to determine the open cost of the option.
Open Cost
Total cost of opening of an option. The open cost is subtracted from the account balance at the time of the transaction.
Current Premium
Current or close premium is the current close price of an option per one unit of currency.
Premium is used to determine the close value of the option.
Option Value
The value the trader would receive for closing an option. The option value is added to the account balance at the time of the transaction.
Option Number
The unique number that identifies the option in the system.
NOTE: ticket numbers for spot positions and option numbers for options are not the same, as spot and option transactions are tracked separately. Therefore, there may exist a spot position and an option in the system that may potentially have the same number.
Call
An option giving the owner the right (not the obligation) to buy the specified instrument at strike price on the expiration date.
Put
An option giving the owner the right (not the obligation) to sell the specified instrument at strike price on the expiration date.
Strike Price
The price at which an option can be exercised. Strike price is fixed in the option contract. For call options, the strike price is the price at which the instrument can be bought at the expiration date, while for put options the strike price is the price at which the instrument can be sold. Strike Price is one of key determinants of Option Premium.
Expiration date
The date when an in-the-money option may be exercised, or an out-of-the-money option expires worthless. The amount of time left until the option’s expiration date is one of the key determinants of Option Premium.
European option
An option that may only be exercised on expiration. European options are the only type of options available in the system.