Glossary of Stock Market
Numbers || A ||
B ||
C ||
D ||
E ||
F ||
G ||
H ||
I ||
J ||
K ||
L ||
M ||
N ||
O ||
P ||
Q ||
R ||
S ||
T ||
U ||
V ||
W ||
X ||
Y ||
Z
O
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.
Offering Price
The price at which publicly issued securities are made available for purchase.
One Night Stand Investment
Buying a security with the intention of holding it for the long term, but subsequently panicking and selling it the following day.
Online Trading
The act of placing buy/sell orders for financial securities and/or currencies with the use of a brokerage's internet-based proprietary trading platforms.
Open End Fund
A type of mutual fund where there are no restrictions on the amount of shares the fund will issue. If demand is high enough, the fund will continue to issue shares no matter how many investors there are. Open-end funds also buy back shares when investors wish to sell.
Open Offer
A secondary market offering that is similar to a rights issue in which a shareholder is given the opportunity to purchase stock at a price that is lower than the current market price.
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.
Organic Growth
The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers.
Oversubscribed
A situation in which the demand for an initial public offering of securities exceeds the number of shares issued.
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.
