Dictionary


OTC (Over the counter)
A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange.
OTC Option
Any option which is not traded on a listed exchange.
Out-of-Sample
An item within the range of a sample that does not conform to the mean of the sample.
Overbought
Market prices that have risen too steeply and too fast.
Overbought/Oversold Indicator
An indicator that attempts to define when prices have moved too far and too fast in either direction and thus are vulnerable to a reaction.