📕Terminology
Glossary of terms to understand the RIGGED system and slang.
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:
HULK - when price is rapidly moving higher
"Omg what a hulk"
NUKE - when price is nuking lower
"The 1300 nuke strikes again"
ERIC'D - when a high score option alert representing at least $500,000 makes nothing
"Haha that guy just got ERIC'D"
BPI - butt plug in, a metaphor for the tightness required when holding a large options trade
"SPY 525c BPI"
LIZARDS - the lizard people of Wall Street responsible for rigging the stock market, can also be used as an adjective.
"The most lizard thing right now would be a nuke"
GAY - if used in chat, then buy one share of $GRND or get banned
"Wow that was so gay"
3 DOWN BULL - a bull bomb that is 3 strikes down from the blue line
"gonna hit that 3 down bull"
CHART TERMS:
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:
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
HARD MODE
NORMAL
EASY MODE
SEND IT
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:
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
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.
Higher PS = more BULL risk
-1 to 1 PS = neutral for BULLS & BEARS
Lower PS = more BEAR RISK
BL (Blue Line) - the change from open price for the symbol.
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.
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
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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