Glossary of Common Tickers, Acronyms, Variables, and Math Equations
Ticker
Full Name
SPY
SPDR S&P 500
XLE
Energy Select Sector SPDR Fund
GLD
SPDR Gold Trust
QQQ
Invesco QQQ ETF (NASDAQ‐100)
TLT
iShares 20+ Year Treasury Bond ETF
SLV
iShares Silver Trust
FXE
Euro Currency ETF
XLU
Utilities ETF
AAPL
Apple Stock
GOOGL
Google Stock
IBM
IBM Stock
AMZN
Amazon Stock
TSLA
Tesla Stock
VIX
CBOE Volatility Index (implied volatility for the S&P 500)
GVZ
CBOE Gold Volatility Index
VXAPL
CBOE Equity VIX On Apple
VXAZN
CBOE Equity VIX On Amazon
VXN
CBOE NASDAQ‐100 Volatility Index
Acronym
Full Name
NYSE
New York Stock Exchange
ETF
Exchange‐Traded Fund
DTE
Days to Expiration
EMH
Efficient Market Hypothesis
ITM
In‐the‐Money
OTM
Out‐of‐the‐Money
ATM
At‐the‐Money
P/L
Profit and Loss
IV
Implied Volatility
VaR
Value at Risk
CVaR
Conditional Value at Risk
POP
Probability of Profit
BPR
Buying Power Reduction
IVP
IV Percentile
IVR
IV Rank
NFT
Non‐Fungible Tokens
Variable Symbol
Variable Name/Definition
Spot/stock price: the price of the underlying
Contract price: the price of the option, noting that
C
is used if the contract is a call and
P
is used in the case of puts
Strike price: the price at which the holder of an option can buy or sell an asset on or before a future date
Risk‐free rate of return: the theoretical rate of return of a riskless asset
Mean: the central tendency of a distribution
Standard deviation: the spread of a distribution; also used as a measure of uncertainty or risk
Volatility: the standard deviation of log‐returns for an asset; a key input in options pricing
Delta: the expected change in an option's price given a $1 increase in the price of the underlying
Gamma: the expected change in an option's delta given a $1 change in the price of the underlying
Theta: the expected time decay of an option's extrinsic value in dollars per day
Beta: the volatility of the stock relative to that of the overall market
Beta‐weighted delta: the expected change in an option's price given a $1 change in some reference index
Equation Number
Equation
1.1
Simple Returns
1.2
Log Returns
1.3
Long Call P/L
1.4
Long Put P/L
1.5
Population Mean
1.6
Expected Value
1.7
Population Variance
1.8
Variance
1.9
Skew
1.15
Delta
1.16
Gamma
1.17
Theta
1.18
Population Covariance
1.19
Covariance
1.20
Correlation Coefficient
1.21
Additive Property of Variance
1.22
Beta
2.1
±1σ Expected Range Approximation (%)
2.2
±1σ Expected Range Approximation ($)
3.1
IV Percentile (IVP)
3.2
IV Rank (IVR)
4.1
Short Put BPR
4.2
Short Call BPR
4.3
Short Strangle BPR
5.1
Short Iron Condor BPR
8.1
Approximate Kelly Allocation Percentage