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Probability of Profit (POP)

POP stands for probability of profit. This is the probability that you have of making at least $0.01 on the trade at expiration. For trades done for a credit, it's the probability of the break even price expiri...

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tastytrade lingo

We get it. Sometimes Tom and Tony ramble on with words us Johnny's have never heard of. Fortunately, we put meaning to those words and phrases! Tom and Tony lingo Common Trading Terms

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IV Rank

IV Rank puts context around the current level of implied volatility within an underlying. tastyworks calculates IV Rank by taking the current level of implied volatility relative to the range that implied volat...

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