Quick Answer: What Does Sweep Bullish Mean?

What is Option Alert Call sweep?

Sweep means it needs to be routed more than one way.

Number means how many routes.

The next number is the number of options.

@ = price of the option.

vs means the number that was traded in the past..

Can I withdraw money from sweep account?

Not only can you withdraw the exact amount that you need—in case of an overdraft, there is a minimum amount stipulation which may be far more than the money you need—but you can make up for the interest you lose by making further deposits in the FD account.

What is a golden sweep?

So, what is a Golden Sweep? — This is unique to our system. It’s basically a very large opening sweep order. These orders are highlighted on our dashboard automatically as they are placed.

Are calls bullish or bearish?

Of the four basic option positions, long call and short put are bullish trades, while long put and short call are bearish trades.

What is the benefit of sweep account?

A sweep account automatically transfers cash funds into a safe but higher interest-earning investment option at the close of each business day, e.g. into a money market fund. Sweep accounts try to minimize idle cash drag by capitalizing on the immediate availability of higher-interest accounts.

Which Etrade sweep account is the best?

For many investors, the default option, the ETRADE Financial Extended Insurance Sweep Deposit Account, is a fine choice. This account is FDIC insured and earns interest. If you maintain a minimum balance of $1,000, you can get access to a free debit card and check writing.

What is a sweep option type?

A sweep order instructs your broker to identify the best prices on the market, regardless of offer size, and fill your order piece-by-piece until the entire order has been filled. These types of orders are especially useful for option traders who prefer speed over the lowest possible price.

What does it mean when calls sweep near the ask?

Sweep: This means there is a large order than is broken up into smaller orders. This helps the order get filled quicker.

Are sweep accounts safe?

One benefit of bank sweep accounts is that they are insured by the Federal Deposit Insurance Corp., up to the usual limits. Money market mutual funds are not, although they are generally considered safe. … They typically pay a bit less than “prime” money market funds that can invest in other securities as well.

What is the strike price of an option?

For put options, the strike price is the price at which shares can be sold. For instance, one XYZ 50 call option would grant the owner the right to buy 100 shares of XYZ stock at $50, regardless of what the current market price is.

Where should I sweep uninvested cash?

The fact is that nearly all brokerages are happy to let you park your uninvested cash in your account. Most brokerages offer “sweep” services where they will move uninvested cash into a connected cash account or money market fund. These sweep accounts are very convenient, but they pay infamously low interest rates.

What sweep means?

to move or remove (dust, dirt, etc.) with or as if with a broom, brush, or the like. to clear or clean (a floor, room, chimney, etc.) of dirt, litter, or the like, by means of a broom or brush. … to pass or draw (something) over a surface with a continuous stroke or movement: The painter swept a brush over his canvas.

How do sweep accounts work?

A sweep account links a commercial checking account with an investment account, such as a money market account or stock fund. … The bank then “sweeps” the account (usually daily) and removes any funds in excess of the balance minimum. The bank automatically invests those funds in an account you select.

Is a call sweep bullish or bearish?

If a Sweep on a Call is BULLISH, this means the Call was traded at the ASK. The buyer was aggressive in getting filled and paid whatever price they could get filled at. This usually has only one outcome, that the buyer was aggressive and wanted to get in at any price.

What is a bank sweep fee?

As part of your overdraft protection agreement, an Overdraft Protection Transfer Fee (Sweep Fee) is assessed when funds are automatically transferred from the account you have designated as a “sweep” account to cover transactions presented for payment against your checking account that would otherwise have resulted in …

Why is my money in cash sweep?

Whenever you deposit cash into your brokerage account or you get dividends that you choose not to reinvest or get a check for, it may get swept to the sweep account. The same thing happens when you sell an investment but don’t immediately choose a new option to invest in.

What’s an option alert?

An option alert is a piece of software that alerts you when certain conditions exist for the option. For example, it might alert you when the annualized rate of return reaches a certain threshold, or when the open interest exceeds some number of contracts.

What are sweeps in stocks?

Sweeps are large orders, meaning the trader who placed the order has a heavy bank roll, i.e. “smart money.” Sweep orders indicate that the trader or investor wants to take position in a rush, while staying under the radar – Suggesting that they are believing in a large move in the underlying stock in the near future.

What is a bearish call?

A bear call spread consists of one short call with a lower strike price and one long call with a higher strike price. … A bear call spread is established for a net credit (or net amount received) and profits from either a declining stock price or from time erosion or from both.

How do call options work?

How does a call option work? Call options are in the money when the stock price is above the strike price at expiration. … If the stock price is below the strike price at expiration, then the call is out of the money and expires worthless. The call seller keeps any premium received for the option.