LONG BACKSPREAD - A strategy available in the Trade Finder. It involves selling one option nearer the money and buying two (or more) options of the same type farther out-of-the-money, using the same type, in the same expiration, on the same underlying. Requires margin. LONG OPTION - Buying an option. See LONG. LONG STRADDLE - See STRADDLE. LONG STRANGLE - See STRANGLE. LONG SYNTHETIC - See SYNTHETIC. LONG UNDERLYING - Buying the underlying (i.e. stock. See LONG. MARGIN- See COLLATERAL. MARKET MAKER - A trader or institution that plays a leading role in a market by being prepared to quote a two-way price (Bid and Ask) on request - or constantly in the case of some screen-based markets during normal market hours. !32
MARKET-NOT-HELD ORDER- A type of market order that allows the investor to give discretion regarding the price and/or time at which a trade is executed.
