Asset
This can be a commodity, forex pair, index or stock.

At-the-money
In case the option price at the expiration time is comparable to the buying price for the option, this would mean that an investor can recover the full investment amount.

“Call” or Above Option
With this option, traders are provided with a predetermined profit if the underlying asset end up larger at the expiration time that when it was bought.

Current Price
Based on real-time data, this is final price if it’s not stated in any other way.

Digital Options
One more term for binary options, these usually focus on binary options with fixed odds during trade.

Expiry Time or Time of Expiration
Generally, the date and time when an option would expire and trades will determine whether it’s in or out of the money.

Fundamental Analysis
Investors make use of fundamental analysis in order to ascertain in what way macro-economic components might influence the option price.

In-the-money
When it comes to a Call option or Above/Below, this would be the result if the strike price is higher than the price in the market for an underlying asset that is trading. With regards to Put option or Above/Below, this would occur once the strike price is less than the underlying asset at market price.

Out-of-the-money
If you are trading Call option, whether it’s above/below, this will happen whenever the strike price is greater than the underlying asset at market price. When a Put option, Above/Below, has a strike price that is below the underlying asset at market price.

“Put” or Below Option
Any option that will provide traders with a predetermined profit once the price for the underlying asset is lower than the purchase price at the time when it would expiry.

Range Option
In a binary option trading room, this is among the three forms of binary options that you will have available. With this option, you have to predict whether or not the price of an asset will be in or out a fixed range at the expiry time.

Strike Price
An underlying asset price should reach this to be in or out of the money.

Technical Analysis
Traders use technical analysis that is based on statistics and charts to forecast the future options movements according to earlier performance in the market.

Touch Option
Within a trading room for binary options, this will also be another type that is available. By using touch options, you will be able to predict when an asset price is going to reach the strike price that is predetermined before the expiry time.