Gondola Thief| Market Analysis


Frequently Asked Questions

Daily review - questions

1. What is this?
2. What is a contract type?
3. What is volume?
4. What is open interest?
5. What is implied volatility?
6. What are calls and puts?
7. What are ATM & OTM?
8. What is 'strikes within X%'?
9. What if I found a mistake?

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Intrinsic security analysis - questions

1. What is this?
2. What are 'long' and 'short'?
3. What is a 'call', a 'put', or 'underlying'?
4. How do I analyze a series of options?
5. Is there a limit to how many options I can simultaneously view?
6. How is commission calculated?
7. What if it took more than one trade to enter into the position?
8. How many shares of underlying are associated with each contract?
9. Why will it not let me enter negative numbers?
10. Can I enter the bid and ask and it simply takes the average as a cost?
11. Does this include closing costs or exercise/assignment fees?
12. Should this be my only investment tool / educational resource?
13. What should I do if I found an error?
14. Can I change the color or style of the lines, or the zoom level of the graph?
15. May I screen shot or otherwise save and reuse these amazing graphs?
16. How do I go about supporting your quest to continue making arbitrary website features?

    Return to Intrinsic Security Analysis

News sifter - questions

1. What is this website?
2. Who is it for?
3. Can you give me a concrete example when it would have ever been useful?
4. Can I sort the results by a particular column?
5. Can I email you with suggestions or changes you should make?
6. What does "If window not in focus" mean or imply?
7. What does "If inactive" mean or imply?
8. Can I change that awful sound it makes on notification or suggest a different one?
9. Can I search for more than 6 phrases at once?
10. Why does it not seem to let me enter any special characters (punctuation, etc)?
11. Which news sources does this website include?
12. Can you add more news sources?
13. Why is there a space in one of the results where an apostrophe should have occurred?
14. Is there a total character limit for search phrases?
15. Why is the timestamp for some articles wrong?
16. Why did the website make a noise but I do not see a new result?
17. How do I go about supporting your quest to continue making arbitrary website features?

    Return to News Sifter

Physics - questions

1. What is this?
2. What do I do if I found a mistake?
3. How do I go about supporting your quest to continue making arbitrary website features?

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Answers

Daily review - answers

1. What is this?

This is an opportunity to gauge how the markets will perform predicated on previous options activity. A differential between implied volatility, open interest, volume and value with regard to calls and puts, especially at the money (ATM) and out of the money (OTM), may function as potential indicators.
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2. What is a contract type?

Any options contract is made unique by four qualities: the underlying asset (stock, etf, etc) it corresponds to, the expiration date, whether it is a call or a put, and a strike price.
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3. What is volume?

Volume here the total number of contracts which traded in a given day, not the total number of shares for the underlying assets.
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4. What is open interest?

Open interest corresponds to the remaining positions still held with regard to a particular contract type. That is, the total number of individuals or organizations who opened a position in that contract type and have yet to close it.
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5. What is implied volatility?

Implied volatility corresponds to the degree to which investors believe an underlying asset is going to move as indicated by the price at which particular options contracts are trading.
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6. What are calls and puts?

They are basic options contracts which give the purchaser the right to either claim (call) or give (put) underlying assets at an agreed upon price (strike) on or before a given date (expiration). The purchaser pays for this right. Conversely the seller who writes this contract is obliged to relinquish (call) or claim (put) those underlying assets should the purchaser choose to exercise, or, often, if the purchaser would benefit from doing so on expiration.
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7. What are ATM & OTM?

ATM stands for at-the-money and OTM stands for out-of-the-money. An option is ATM if the contract's strike is equal to the underlying asset's trading price. If the underlying asset for a call is trading below it's strike price, it is OTM. Otherwise it is ITM (in-the-money). Conversely, if the underlying asset for a put is trading above it's strike price it is OTM. Otherwise it is ITM. That is to say, a contract is considered OTM if it would not benefit the owner to exercise.
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8. What is 'strikes within X%'?

This is the percentage away from the last traded price of the underlying asset that the strike falls. That is, implied volatility is a measure of how much investors think an underlying asset will move as measured by the quantity they are willing to pay for an option (and interest rates, expiration date, etc). The distance a particular contract is ITM or OTM has a direct impact on this value and so three tiers are shown in the corresponding graphs.
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9. What if I found a mistake?

Please contact us at home@gondolathief.com
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Intrinsic security analysis - answers

1. What is this?

This tool was made to compare the intrinisic values a collection of options may have on or before their expiration. Additionally, it is capable of taking into account the underlying asset for the purposes of covered calls, etc. It has been designed to analyze more complex positions such as butterfly spreads and iron condors. It should not be your only tool when making an investment decision.
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2. What are 'long' and 'short'?

When one opens an options contract they may either 'write an option' or 'purchase an option'. There are many similar terms often used interchangably. To buy a position (when you do not already owe it) is knwon as 'going long', to be the contract holder or to have purchased the underlying shares. It costs money to do this, yet, with options, it indicates you are the one capable of deciding if/when the contract should be exercised. To sell a position (when you do not already own it) is known as 'shorting', to be the contract writer or to have sold the underlying shares. It usually comes with a premium, a lump sum of money paid to you immediately for entering such a position. Selling shares and contracts can expose you to infinite risk and should not be done lightly.
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3. What is a 'call', a 'put', or 'underlying'?

Calls and puts are two types of investment tools known as options. 'Underlying' simply refers to the potential to own/owe the underlying stock, ETF, or asset on which options are often based.
As terse definitions go, a call is a contract which gives the owner the right, but not the obligation, to purchase the underlying on or before the expiration date from the contract writer at the previously agreed upon strike price.
A put, on the other hand, is a contract which gives the owner the right, but not the obligation, to sell the underlying on or before the expiration date to the contract writer at the previously agreed upon strike price.
One does not need to own or want the underlying asset in order to enter these positions as often they are closed before the actual underlying asset changes hands. As a side note, 'on or before the expiration date' refers only to 'American style' options, as 'European style' options may only be exercised on expiration day.
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4. How do I analyze a set of options?

Each option contract is made unique by four items: the underlying asset, the expiration date, the type (call or put), and the strike price. This tool is built to demonstrate the intrinsic value of any contract and so only the last two matter (call or put, and the strike price). One may either buy (to open) or sell (to open) one or more contracts. If instead it is the underlying and not a contract, then there is no strike price but only the amount of money paid/received per share. Enter in these data for each position and click "Add position". When done, click "Analyze". Commissions per trade and per contract apply to the entire analyzed position.
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5. Is there a limit to how many options I can simultaneously view?

At the moment up to eight positions may be analyzed simultaneously. If this is not enough please email us at: home@gondolathief.com
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6. How is commission calculated?

Often brokerages charge a 'per ticket fee' (which is the 'Commissions per trade') as well as a per contract fee. For graphing purposes, the 'commissions per trade' is divided by the number of positions analyzed and attributed to them as such, while the 'commissions per contract' applies directly to any options position on the per contract basis.
    For example: If one were to buy 200 shares of the underlying at $10/share (-$2,000), sell 2 call contracts for $1.00 per share (+$200), and commissions per trade was, say, $7 while commissions per contract was, say, $0.75, then their total commissions would be
        [commissions per trade + (commissions per contract * 2)] = $7 + ($0.75*2) = $8.50.
    Positions to be analyzed in the left collumn do not indicate commissions, however, the graph would demonstrate a cost of
    ($7/2 positions) = $3.50 associated with the underlying, and a cost of [($7/2) + ($0.75*2)] = $5.00 associated with the short call positions.
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7. What if it took more than one trade to enter into the position?

Just put the total 'per trade' cost spent (not including any amount spent per contract) in the 'Commissions per trade' input box.
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8. How many shares of underlying are associated with each contract?

By far most options contracts correspond to 100 shares of the underlying asset. The most common reason it would not is if the company/entity recently split or reverse-split their shares. At the moment, it is presumed that each contract corresponds to 100 shares of the underlying. If this is an issue please email us at: home@gondolathief.com
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9. Why will it not let me enter negative numbers?

There is no need. The titles change to indicate an awareness that shorting creates a premium while longing is associated with a cost. If you find an instance where this is not the case it is likely spurious due to bid/ask spreads or a form of arbitrage, which is exceedingly rare.
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10. Can I enter the bid and ask and it simply takes the average as a cost?

This is a possible future addition which will be expedited if you contact us requesting it. The feature may be implemented as a bid and ask with a certain percent at which it seems likely to transact. 50% would be the default.
    For example: If the bid is 0.8 and the ask is 1.2, one could say that it is 50%, in which case it would cost 1.0 to buy or you would receive 1.0 to sell.
    However, one could say that it is 40%, in which case it would cost 0.96 to buy or you would receive 1.04 to sell. That is [%/100 * (ask - bid) + bid] to buy or [ask - (%/100 * (ask - bid))] to sell.
Again, please let us know if this is of interest.
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11. Does this include closing costs or exercise/assignment fees?

At the moment this tool does not include closing costs or any fees associated with exercise or assignment. Let us know if this may be of interest to you.
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12. Should this be my only investment tool / educational resource?

No, of course not.
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13. What should I do if I found an error?

Please contact us immediately and we will fix it. Email: home@gondolathief.com
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14. Can I change the color or style of the lines, or the zoom level of the graph?

At the moment this is not possible. Please let us know if this may be of interest to you.
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15. May I screen shot or otherwise save and reuse these amazing graphs?

Of course. Please do not remove the watermark, or be sure to cite us in some manner.
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16. How do I go about supporting your quest to continue making arbitrary website features?

Please feel free to donate through PayPal. There is a link at the bottom of the site. Thanks.
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Return to Intrinsic Security Analysis

News sifter - answers

1. What is this website?

This website is designed to present recently published (up to 24h old) articles from major online news agencies whose titles & descriptions match any of your search terms or phrases. The website will continue searching for articles and updating automatically if a match is published. You must leave your search terms entered within each input box.
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2. Who is it for?

This site is for anyone with access to a browser who wants to be quickly notified when news articles are published which match their search terms. It is designed to be more fluid than other, current alternatives. Initially, it was designed with financial markets in mind, but it could apply to other fields as well.
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3. Can you give me a concrete example when it would have ever been useful?

Of course. On September 20th, 2017 at 3:50pm EST CNBC published an article stating "Tesla is working with AMD to develop its own A.I. chip for self-driving cars". At the time of publication AMD was trading at $13.01 per share. Ten minutes later (4pm EST) AMD closed at 13.74. This was a 5.6% increase during those 10 minutes. AMD proceeded to hit 14.74 in the aftermarket that same day (13.3% gain from the 3:50pm EST news break). Of course there are other tools which exist besides this website. However, this site would have been capable of notifying a user prior to the close of the first minute after publication. The benefit of this site is that only articles matching your search criteria will be presented, sifting out all but the most promising of results.
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4. Can I sort the results by a particular column?

Absolutely. Just click a column header to sort A-Z. Click it again to reverse the order.
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5. Can I email you with suggestions or changes you should make?

Please do. Email: home@gondolathief.com
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6. What does "If window not in focus" mean or imply?

Audio notifications can be annoying when you do not want or need them. As such, this site was designed to only notify you as you see fit. If your browser is open to another tab or you are working on another window then this site is considered "not in focus".
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7. What does "If inactive" mean or imply?

Audio notifications can be annoying when you don't want or need them. As such, this site was designed to only notify you as you see fit. If you are not scrolling, clicking, or moving the mouse within this site for the specified amount of seconds, you are considered "inactive".
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8. Can I change that awful sound it makes on notification or suggest a different one?

The type of sound cannot be changed at this time. Please let us know if we should consider an alternative sound or you find it unbearable.
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9. Can I search for more than 6 phrases at once?

Not officially at this time.
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10. Why does it not seem to let me enter any special characters (punctuation, etc)?

Not all articles are published with predictable punctuation and special characters. Additionally, this site was designed to actively search for particular phrases or key words, not entire sentences or special characters. In order to improve the security of this website it is not currently possible to search for anything except alphanumerical characters [A-Z, a-z, 0-9].
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11. Which news sources does this website include?

At the moment: ABC, Associated Press, BBC, CBC, CNBC, CNN, CNBC, Financial Times, Fox News, Market Watch News, NASDAQ News, Reuters, Wall Street Journal, Wired, & Yahoo Finance. Let us know if there are additional news agencies you would like added.
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12. Can you add more news sources?

Yes. Let us know if there are additional news agencies you would like added.
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13. Why is there a space in one of the results where an apostrophe should have occurred?

For additional site security special characters are removed both from the input here and also from news articles.
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14. Is there a total character limit for search phrases?

There is a limit of 25 characters per search field.
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15. Why is the timestamp for some articles wrong?

Time is a complicated thing. Some news agencies are worse than others and make mistakes in the publication times of their articles. Occassionally they place the publication time in the future, sometimes they use an incorrect time zone, & sometimes they incorrectly utilize a 24h clock resulting in what appears to be a 12 hour old article. The purpose of this website is primarily to strive to present the articles as they are published. Accept the timestamp with a grain of salt.
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16. Why did the website make a noise but I do not see a new result?

Timestamps for articles are often incorrectly published (see above). If this is the case and the results are sorted by time then the newest result may be shown lower on the page than anticipated.
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17. How do I go about supporting your quest to continue making arbitrary website features?

Please feel free to donate through PayPal. There is a link at the bottom of the site. Thanks.
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Return to News Sifter

Physics - answers

1. What is this?

This is a site for quick and easy physics conversions.
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2. What do I do if I found a mistake?

Please contact us at home@gondolathief.com
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3. How do I go about supporting your quest to continue making arbitrary website features?

Please feel free to donate through PayPal. There is a link at the bottom of the site. Thanks.
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Return to Physics