Odd Lots
Stocks sold in quantities of less than a specified minimum number. Generally, it costs less to trade in round lots.
Offer
The price at which a share is available in the market.
Offer Price
The price at which a company offers its shares to the public through issue of a prospectus.
Open Order
A limit order that does not expire at the end of the trading day.
Opening Price
Opening price is normally determined by the price at which a stock finished selling on the previous day. Most exchange has limits of how high or low the stock can trade on the following day. It is like a limit or circuit, and is based on a percentage of the last traded of the previous day. For example, is the stock exchange has a upper or lower limit of 10, and if XYZ stock finished selling ay 20.00 the previous day then the maximum or minimum opening price the following day will be 22.00 and 18.00. This reduces the scope of overnight off-market deals which are illegal.
Operating Cash Flow
Surplus cash generated from a company's basic operations without regard to income tax entries such as depreciation and amortization. Changes in levels of inventories, accounts receivable and accounts payable also affect cash flow. Also see Free Cash Flow.
Operating Earnings
Earnings without considering certain expenses such as inventory write downs, severance pay, depreciation and amortization charges, or just about anything else the company feels like excluding to make its earnings look better. Also known as core earnings, ongoing earnings, earnings excluding special items or operating earnings.
Operating Income
Sales minus all expenses except income taxes and other items not relaxed to basic business.
Operating Margin
Operating income divided by sales.
Order Cancellation
A facility available in the trading system where one is allowed to cancel the order placed earlier.
Order Modification
A facility available in the trading system where one is allowed to modify an earlier order.
Overbought
Refers to a stock that has risen sharply in price or to the market as a whole after a period of vigorous buying which, it is sometimes said, has left prices "too high".
Oversold
The reverse of over-bought. A single security or a market which, it is believed has declined to an unreasonable level. Usually, this is where everybody starts screaming "scam" and, if they shriek loud enough, SEBI starts a probe. Also applies sometimes to overbought situations. |
