Deep Out of the Money
In options trading, this means when the strike price is the wrong side of the current price and a long way from it. The option is out the money and there is little chance of it being in the money.
Other Trading Basics
Well established, big companies.
A blue chip is an expensive chip on the poker table
Contract Expiry Date
The date a contract expires, if applicable.
An order type where the trader wishes to go long at the limit price or lower.
Start learning now
Learn the skills needed to trade the markets on our Trading for Beginners course.