# Terminology

## **SYSTEMWIDE:**

**BOMB 💣 -** alert for large option trades either BULL or BEAR

**BULL 🐂 -** bullish option flow alert for calls bought and / or puts sold

**BEAR 🐻** - bearish option flow alert for puts bought and / or calls sold

**FLORB (**�� , 🔴) **-** a flow orb representing a smaller option trade. Green is bullish, red is bearish. A lot of florbs can be a strong trading signal

**LOTTO** - high risk, high return trade (prepare for it to go to zero)

**CHASE** - a bomb that is "chasing" the price action, excellent to trade during high volume easy or send it mode.

**SWING** - a bomb that profits off a swing / reversal of the price action. Best to trade when 3-strikes from the blue line.

**VOLUME** - the number of option sweeps detected where higher equals more tradeability.

**TRADEABILITY** - the difficulty level for returning 100%+ on option alerts

**TREND DAY** - where price action moves one direction the entire session

**MEAN REVERSION** - when price goes higher or lower before returning to the blue line. Commonly seen on nightmare and hard mode

**TIME:** timestamp for when the alert is triggered.

**SYM:** the symbol, click to open the chart.

**ALERT:** includes score (size of the trade), side (bull or bear), and strategy (bomb, lotto, swing, or chase).

**STRIKE:** The option contract triggered by the option alert.

**WR - Win Rate:** the historical percentage of similar alerts that returned over 100% with no drawdown consideration. Higher values are preferred.

**30D - 30 Day Win Rate:** groups alerts into larger categories, used to indicate what direction the market is trending. WR and 30D may not match.

**BL - Blue Line:** the number of strikes from the opening price where positive values are more risk for BULLS and negative values are more risk for BEARS.

**V - Volume:** percentage calculated using institutional option flow and compared to the 14-day average. Higher values can indicate an easier session to trade.

**KTR - Komodo Target Range:** the average price option alert draws down to before returning over 100%.

**START:** The start price for the option at the time of the alert.

**LIVE:** The current price of the option.

**RETURN:** Profit or loss percentage.

**MAX GAIN:** The highest return from the time of the alert.

**MAX DRAWDOWN:** Drawdown percentage before max gain is reached, where green and yellow values are good, red is bad.

***

## **OPTION TERMS:**

**CALL OPTION (C)** - an option that appreciates in value as the underlying stock moves up aka 500c

**PUT OPTION (P)** - an option that appreciates in value as the underlying stock moves down aka 502p

**STRIKE** - the price at which an option moves into the money

**OTM** - out of the money (below the strike for calls and above the strike for puts)

**ITM** - in the money (above the strike for calls and below the strike for puts)

**RUNNERS** - free contracts where if they go to zero you lose zero.

"I'm going to runners here" - Exiting the position for profit and holding free contracts

***

## **RIGGED SLANG:**

<mark style="color:yellow;">**HULK**</mark>**&#x20;-** when price is rapidly moving higher

*"Omg what a hulk"*

<mark style="color:yellow;">**NUKE**</mark> - when price is nuking lower

*"The 1300 nuke strikes again"*

<mark style="color:yellow;">**ERIC'D**</mark> - when a high score option alert representing at least $500,000 makes nothing

*"Haha that guy just got ERIC'D"*

<mark style="color:yellow;">**BPI**</mark> - butt plug in, a metaphor for the tightness required when holding a large options trade

*"SPY 525c BPI"*

<mark style="color:yellow;">**LIZARDS**</mark> - the lizard people of Wall Street responsible for rigging the stock market, can also be used as an adjective.&#x20;

*"The most lizard thing right now would be a nuke"*

<mark style="color:yellow;">**GAY**</mark> - if used in chat, then buy one share of $GRND or get banned

*"Wow that was so gay"*

<mark style="color:yellow;">**3 DOWN BULL**</mark> - a bull bomb that is 3 strikes down from the blue line

*"gonna hit that 3 down bull"*

***

## CHART TERMS:

<figure><img src="/files/IkUrOQDAQLZu3aCepVo9" alt=""><figcaption></figcaption></figure>

**BLUE LINE (BL)** - the open price for a symbol shown as a blue line on the chart

**RED LINES (STRIKES)** - dollar levels for SPY & QQQ and various for stock symbols

**WHITE LINE (VOLUME)** - graph of Wall Street option volume where higher values equal more tradeability

**SESSIONS** - timeframes throughout the trading day

* OPEN - 9:30 - 10:30
* MIDDLE - 10:30 - 13:00
* FINAL - 13:00 - 15:30
* 9C (9th circle of hell) - 15:30 - 16:00

***

## SESSION TERMS:

<figure><img src="/files/amf3fzxkCut1JEouhma1" alt="" width="563"><figcaption></figcaption></figure>

**VOLUME** - the number of option sweeps and large trades detected, higher = more tradeability.\
\
**SCORE** - ai weighted option bullish and bearish option flow for the entire trading session (bombs + florbs)\
\
**BLUE LINE (BL)** - the open price for a symbol shown as a blue line on the chart

**EVENT** - time displayed if there is a known market event like Jerome Powell speaking

***

**TRADEABILITY -** the difficulty level to return 100%+ on option trades with five different modes ranked from most to least difficult.

* NIGHTMARE&#x20;
* HARD MODE
* NORMAL
* EASY MODE
* SEND IT

<figure><img src="/files/Xm5hz4OP7RObfdYBwmeH" alt="" width="563"><figcaption></figcaption></figure>

**STRATEGY** - general guidelines for the tradeability mode

**PRICE ACTION** - potential for the entire session; mean reversion, unclear, trend, or perfect tags.

**3-STRIKES** - outlook on whether price will hit 3-strikes above or below the blue line

**TRADE SIZE** - general recommendation for number of contracts

**PROFIT TARGET(s)** - potential profit levels

***

## **ALERT TERMS:**

<figure><img src="/files/edSNuVpFw2ZvrJL0Irrf" alt="" width="563"><figcaption></figcaption></figure>

**SCORE -** AI weighted value of the option trades where roughtly 1 = 1000 in premium\
\
**STRIKE** - dollar value for option contracts show on the chart with a red line (every dollar for SPY & QQQ, varies for stock flow)\
\
**SPOT** - the price of the symbol at the time of the alert

<figure><img src="/files/cNXsRL7fVxchG2FKrkZu" alt="" width="563"><figcaption></figcaption></figure>

**V (Volume)** - change from the 14 day average where higher (over 110%) equals more tradeability

**PS** **(Position Score)** - the sum of the change between the sport price and the open, intraday high and intraday low.&#x20;

* Higher PS = more BULL risk
* -1 to 1 PS = neutral for BULLS & BEARS
* Lower PS = more BEAR RISK&#x20;

**BL (Blue Line)** - the change from open price for the symbol.&#x20;

**WIN RATE -** the percentage of 100%+ returns no stop loss consideration in the past 14 days for the alert type and PS.\
\
**FR (Florb Ratio) -** a modified version of put call ratio where values below 0.7 are bullish and above bearish.

<figure><img src="/files/ETSmkLJP0oHTcCZX8brQ" alt="" width="563"><figcaption></figcaption></figure>

\
**START** - the price for the strike at the time of the alert

**LIVE** - the current price for the option (delayed by 1m)

**MAX GAIN** - the highest percentage change from the time of the alert

**MAX DRAWDOWN** - the lowest percentage change from the time of the alert to max gain

<figure><img src="/files/ckoZzoPruGFgcSoBhI2m" alt=""><figcaption></figcaption></figure>

**STRATEGY GUIDE** - basic strategy to know whether you're at an advantage or disadvantage.

* **Size** - recommended trade size
* **Session** - preferred sessions
* **Target** - potential profit target


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