The relative comparison strike price of any given option contract as compared to the current price of the underlyingfinancial instrument. The moneyness of an option is whether an option is in-the-money, at-the-money or out-of-the-money.
Setups are a specific combination of options contracts that matches a strategic objective. Setups are sometimes referred to as spreads or "strategies" (not to be confused with a Brutus Options Ranking strategy).
Shares are assigned when the option contract holder (buyer) exercises their right to either purchase or sell shares at the agreed strike price. The assignment is sent to the seller who must fulfill the obligation. [click to read more]
Gamma is an Options Trading Greek which determines the rate of change in option's delta with a 1-point move in the underlying asset. I.e., Gamma describes how Delta is expected to change with moves in the underlying (stock).