Quick definitions for every term you’ll see in Tradient. Sorted alphabetically. If something here is unclear, the linked deep-dive articles explain in full.
- Annualized return
- A return scaled to a 1-year basis so trades of different durations can be compared on the same axis. A 30-day trade returning 2% has an annualized return of roughly 24%.
- ATM (at-the-money)
- An option whose strike is approximately equal to the current underlying price.
- Assignment
- The event when a short option you sold gets exercised by the long counterparty. Short puts → you buy the stock at the strike. Short calls → you sell the stock at the strike.
- Auto paper
- Trader+ opt-in loop that sweeps scans into Tradient Paper and manages trial exits for calibration. See Auto paper daemon.
- Black-Scholes
- The closed-form options pricing model that underpins every number Tradient computes. See Black-Scholes & Greeks.
- Breakeven
- The underlying price at which a position’s P&L is zero at expiration. Multi-leg trades have two breakevens (one on each side).
- Calibration
- Dashboard that buckets closed paper trials by Tradient Score and compares predicted score to realized win rate / P&L. See Calibration dashboard.
- Cash-secured put (CSP)
- A short put fully collateralized by cash equal to the strike × 100. See Cash-Secured Put.
- Conviction
- A 0-100 score showing how balanced a result’s underlying signals are. High conviction = many components agree.
- Covered call
- Selling a call against 100 long shares of the underlying. See Covered Call.
- Credit spread
- A two-leg options trade where the short leg costs more than the long leg, resulting in a net credit at entry. Bull put spreads and bear call spreads are credit spreads.
- Debit spread
- A two-leg options trade where the long leg costs more than the short leg, resulting in a net debit at entry. Bull call spreads and bear put spreads are debit spreads.
- Delta
- The change in option price per $1 change in the underlying. For calls, 0 to 1; for puts, −1 to 0. Roughly equals the probability the option finishes ITM.
- DTE
- Days to expiration. Tradient’s scans default to windows like 7-45 DTE for income strategies.
- Gamma
- The rate of change of delta. Highest at the money, lowest deep ITM or OTM.
- IV (implied volatility)
- The market’s consensus annualized expected standard deviation of returns, backed out of option prices.
- IV rank
- Where current IV sits relative to the past year’s range. 0 = at the year’s low; 100 = at the year’s high. See IV rank & regime.
- IV percentile
- The percent of trading days in the past year where IV was below the current level. Similar intuition to IV rank, slightly different shape.
- Iron condor
- A four-leg defined-risk neutral strategy: short put + long put below current price + short call + long call above current price. See Iron Condor.
- ITM (in-the-money)
- A call with strike below current price, or a put with strike above. The option has intrinsic value.
- Focus mode
- Tradient’s deep-analysis tab inside Radar for a single trade — Greeks, Monte Carlo, P&L profile, what-if. Access via the Focus tab or
/radar?focus=1. See Focus mode deep analysis. - Long premium
- A position that pays a debit at entry — i.e., you own options. Long straddles, debit spreads, etc.
- Long straddle
- Long ATM call + long ATM put. Profits from a large move in either direction. See Long Straddle.
- Mark
- The midpoint between the bid and ask. Tradient uses mark for unrealized P&L display.
- Max loss
- The most a position can lose at expiration, assuming no early exit. Defined for spreads and condors; undefined for naked shorts and short strangles.
- Max profit
- The most a position can make at expiration. For credit strategies, equal to the credit collected.
- Monte Carlo
- A simulation technique that generates many possible terminal stock prices and computes the strategy’s P&L for each. Tradient uses 10,000 simulations per analysis. See Monte Carlo simulation.
- OCC symbol
- The Options Clearing Corporation’s standard symbol format identifying a specific option contract. Looks like
SPY261218C00450000(SPY, expires Dec 18 2026, call, strike $450). - OTM (out-of-the-money)
- A call with strike above current price, or a put with strike below. The option has no intrinsic value, only time value.
- POP (probability of profit)
- The probability the trade finishes in the green at expiration, computed under the Black-Scholes log-normal assumption. See Edge, POP, and R:R.
- Radar
- Tradient’s scanner — the surface where you find trade candidates. See Radar overview.
- Regime fit
- A 0-100 score showing how well a trade aligns with the current market regime (VIX bucket + per-name IV rank).
- Rho
- The change in option price per 1 percentage point change in the risk-free rate. Usually negligible at retail timeframes.
- Risk:reward (R:R)
- For defined-risk trades, the ratio of max profit to max loss. A 0.25 R:R risks $4 to make $1.
- Roll
- Closing a position and reopening at a later expiration (or different strikes), typically to give a tested trade more time to recover.
- Short premium
- A position that pays a credit at entry — i.e., you sold options. CSPs, condors, credit spreads, strangles.
- Short strangle
- Short OTM call + short OTM put. Undefined-risk premium collection. See Short Strangle.
- SnapTrade
- The brokerage aggregator Tradient uses to read positions and route orders. See Connecting your broker.
- Structure Builder
- Radar’s Builder tab (Trader+) for composing custom multi-leg structures and evaluating POP / Monte Carlo / P&L profile. See Structure Builder.
- Theta
- The change in option price per day from time decay alone. Long options have negative theta; short options have positive theta.
- Trade Edge
- Tradient’s expected-value column: POP × max profit − (1 − POP) × max loss.
- Tradient Paper
- In-house simulated broker with unlimited fills on every plan. See Tradient Paper broker.
- Tradient Score
- A 0-100 composite combining POP, R:R, IV fit, liquidity, and annualized return. See Tradient Score.
- Underlying
- The stock or ETF that an option is written on.
- Vega
- The change in option price per 1 percentage point change in implied volatility. Long options are long vega; short options are short vega.
- Watchlist
- A named group of tickers used to scope scans and alerts. See Watchlists.
- Wheel
- The rotation of selling cash-secured puts on a stock you want to own → getting assigned → selling covered calls against the shares → getting called away → repeat.