What's New on Jellifin

New features are coming to Jellifin. Here's what we've been working on:

Discover

With the new discover section added to your dashboard, you can view the latest news, sector performance, and trending stocks that are the most active, top gainers, and top losers for the day. The discover section also highlights stocks that are about to report earnings as well as the IPO schedule.

Research

With over 100 new data points added for each stock, you can dive deep into a company's earnings, financials, ownership, split history and many more. 

Cryptocurrency

You can now view real-time quotes with bid and ask spread on 18 different cryptocurrencies. View popular coins such as Bitcoin, Ethereum, Ripple, MIOTA, VeChain and others, all in one place.

We hope you enjoy these new features as we continue to improve Jellifin. Be on the look out for new features in the coming weeks!

Introducing Jellifin Triggers

We are excited to announce the launch of Jellifin Triggers. A trigger is a simple IF THIS, THEN THAT statement that is used to place an order or send you an alert on Jellifin. 

For example, you're a shareholder in AAPL stock, and it's approaching its 52 Week High. You wish to sell the stock if and only when the stock is above a set 52 Week High price. One scenario is, "If AAPL 52 week high is above $194.50, then sell 50 shares at $194.80." This can be achieved by setting a simple trigger to monitor Apple's 52 Week High price and place a trade once the condition is met.

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At the moment, you can only place buy or sell triggers on stocks. We will be adding the ability to set options triggers in the future. 
There are six trigger indicators available at this time - Price, Volume, 52 Week High, 52 Week Low, Price Change, Percent Change. In the coming weeks, we will be adding over 50 technical indicators such as RSI, ADX, SMA, CCI, and OBV. You will also have the ability to set triggers on Sector Performance, Marco Economics, Currencies, Commodities, Interest Rates, News and Social Media Posts. And for the more advanced traders, we will be rolling out the ability to execute algorithmic trading strategies using triggers. For example, "Buy 50 shares of FB when its 50-day moving average goes above the 200-day moving average." 

Take Jellifin Triggers for a spin and let us know what you think. If you would like to see a particular trigger on Jellifin, don't hesitate to reach out to us support@jellifin.com

Cheers, 
Team Jellifin
 

Introducing 1-Click Buy or Sell

With the latest release of the Jellifin app to the App Store, we’ve placed a strong emphasis on speed and performance. We are proud to introduce 1-Click Buy or Sell. Taking Amazon’s approach to seamless shopping, and applying it to trading.

 
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With Jellifin’s 1-Click Buy or Sell, you can go from idea to trade in a matter of seconds. Giving you that extra edge to take advantage of market opportunities. Set your trading defaults such as Number of Contracts, Order Type and Time In Force in the settings menu and alter them as your strategy changes over time.

 
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At Jellifin we want to provide you tools for smarter investing. This is just one of many innovations to come. Take it for a spin. We’d love to hear your feedback. If you have any requests for future tools, please reach out to us at support@jellifin.com or submit a feature request within the app.

Until next time.

Unlimited trading, but even better

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Introducing Unlimited Stock, Covered Call & Cash Secured Put Trading

We are excited to announce that new features are coming to Jellifin. Starting this month, you can trade unlimited:

  1. Stocks
  2. Selling Covered Calls
  3. Selling Puts

All of this for a fixed low monthly fee. But wait, it gets even better!

Introducing Jellifin Triggers

We are excited to announce the launch of Jellifin Triggers, our IF THIS, THEN THAT approach to investing. Take your trading to the next level by setting triggers to fully automate the buying and selling of stocks and options on Jellifin. Setting triggers are FREE to all Jellifin users.

 
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Never miss a trade again. Set triggers using price, volume, or technical indicators such as RSI and many more. Use these triggers for alerts or even to fire a trade. We will be adding new triggers quite often, so let us know which triggers you would like to see. Expect a small rollout of triggers starting next month.

Questions? Contact us at support@jellifin.com or check out our Help Center.

Jellifin Turns 1

It’s hard to believe that it has been just one year since we launched jellifin.com. We started the journey with a simple mission to “make options trading simple and affordable for a new generation of investors.” And what a year it has been! We launched our product on iOS for iPhone and iPad customers and had since then processed hundreds of trades on a daily basis. In the past three months alone, we’ve saved investors over $100 thousand in commissions. To some, that may seem simple, but to us, that is a milestone to cherish.

We are excited about the year ahead as we plan to launch on Android and Web, roll out stock trading, complex options, margin trading, and release many new features. As we stargaze on our past accomplishments, our greatest thanks through this journey go to our customers. Your expectations have defined the standards for our team, and Jellifin would not be the company we are today without you.

So cheers to our customers, partners, and team members. And here’s to Year 2!

What is unusual options activity?

As you may have noticed The Jellifin team regularly posts Unusual Options Activity on StockTwits and Twitter:

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Monitoring unusual options activity can be one of the most beneficial tools in the toolbox for options traders. Large amounts of options being traded on a particular stock may provide some valuable insight into what the “smart money” is doing.

Checking unusual options activity on a regular basis can draw attention to stocks that would have otherwise been overlooked and can prompt traders to analyze why options volume has spiked for a certain equity.

Traders can see a lot of detailed information when looking up unusual options activity such as the date to expiration, strike prices for the contracts being traded and the volume of options being traded.

Are you ready to dive into the world of options trading? Place your options trades with us today by downloading Jellifin in the Apple App Store.

Options Lingo #2

Intrinsic Value

Intrinsic value is the other important “IV” in the options trading world (we discussed implied volatility in this article). If your option contract has intrinsic value, it is considered in the money and will expire with a value at expiration. For example, if you buy calls at the 170 strike on a $175 stock, your call has an intrinsic value of 5.

Extrinsic Value

As you can guess, the extrinsic value is the opposite of intrinsic value. Extrinsic value is essentially the value of an out of the money option contract. For example, if a stock is trading at $175 and your option was purchased with a strike price of 180, the extrinsic value is the cost of the premium that you paid upfront to place the trade.

Bid/Ask Spread

The bid/ask spread is the difference in price between the buyers and sellers of any option contract. The bid is the price that a buyer is willing to pay for an option while the ask is the price that a seller is willing to pay for that same option. Bid and ask prices usually fluctuate throughout each trading day which can change the spread.

LEAPs

LEAP options or Long Term Equity Anticipation Security options are contracts with expiration dates that are longer than one year. For example, if you are bullish on a stock but don’t think it’s price will move up quickly in the near future, you can buy a LEAP call that expires a year or more out. This allows you to capture all of the upside potentials in the stock price between the time you purchased the LEAP and the time that it expires.

Options Lingo

Volume

Volume refers to the amount of contracts that are being traded throughout a given trading day. You can see the total number of option contracts that are being traded for each strike price on the options chain.

Implied Volatility

Implied volatility or “IV” is a percentage estimate of how much the price of an option contract is expected to move based on its strike price and expiration date. It’s important to note that IV is based solely on probabilities.

Deep in the money

Deep in the money signifies an option with a strike price that is significantly below (for a call) or above (for a put) the market price of the underlying asset. For example, if a stock is trading at $10 a share and you buy a call at the 5 strike price, your option would be considered deep in the money.

Liquidity

Liquidity refers to how fast and easy it is to enter and exit a trade. The more buyers and sellers that are trading an option, the more liquidity it will have.

Open Interest

Open interest refers to the amount of option contracts that are still open. This means that the original buyer or sell of the option contract has not closed out their opening trade.

The Options Chain

Think of the options chain as the “hub” and starting point of placing an options trade. Breaking it down into parts will help you to fully understand how to use a chain to place option trades quickly and easily.

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The first part you’ll want to focus on is selecting either the calls or puts tabs above the options chain. If you are not yet familiar with calls and puts, you can check out the article our team wrote to get you up to speed here.

Next, you’ll need to choose the expiration date. You can reference the image above to find where this would be in the Jellifin app.

After picking an expiration date, the real fun begins — strike price selection.

Many different factors go into picking a strike price so make sure to do your research before choosing which strike is the right one for your trade.

After you pick your expiration date and strike price, you’re almost ready to place your options trade. Just tap the corresponding row on the chain which will take you to a screen where you’ll need to put in the number of contracts you want to purchase and then the order type. Price and Time in Force will be the final two steps.

As you can see, options trades start with the options chain so knowing how to use one effectively is very important. If you are confused about the terminology mentioned we also wrote an article which explains in further detail.

Our simplified options chain will make this process much easier.

Basic Options Terms

In this article, we will cover basic terminology an options trader needs to understand before looking at the options chain to place a trade.

Expiration Date

The expiration date refers to the time your option trade will be over for better or for worse. Choosing an expiration will be one of the first decisions you’ll need to make when placing an options trade. Whether you’re up or down on your trade, this will be the time that you’ll be either celebrating a winning trade or lamenting a not so good trade if you choose to hold your position up until the very end. You can choose to sell out of your option contract at any point prior to the expiration date or do nothing and allow the exercise/assignment process to happen.

Entering and Exiting An Options Trade

Knowing how to quickly enter and exit an options trade is vital to becoming an efficient options trader. After choosing what your strategy will be, you’ll need to navigate to the options chain, pick a strike price and expiration date, select the corresponding row on the chain and place your order. Once your trade gets executed, the fun begins. Exiting your trade is as easy as entering it. Just find your position in your holdings, click the sell button and get out of the trade.

In the Money

In the money simply means your option will hold value should it expire. This is called intrinsic value. For example, if you buy an Apple call at the 145 strike price and Apple stock is currently trading at $150, your call is in the money with an intrinsic value of $5. Keep in mind, the price of the underlying stock may fluctuate up and down while you’re holding the option so it may not stay in the money throughout the trade.

Out of the Money

Out of the money means your option is at a strike price that is currently above the price of the underlying stock if you’re long a call or below the price of the underlying stock if you’re long a put. It’s important to know that out of the money options will expire worthless at expiration.

Time Decay

Time decay begins the moment you buy an option. The closer your long option contract gets to its expiration, the more value it loses over time especially if the underlying stock goes against you.

Exercise and Assignment

Understanding the concepts of exercise and assignment are essential to comprehending the options trading process from start to finish.

Let’s start out with the exercise process. Exercising can be associated with going long on a call or put. The assignment can be associated with going short on a call or put.

So what do these two terms really mean? We’ll start out with the options exercising process.

When the buyer of a long call or put uses their right to buy (in the case of a call) or sell (in the case of a put), he or she must let the seller of the option contract know first, which is called an exercise notice. At that time, the seller is obligated to deliver the underlying shares to the buyer at the agreed upon price.

Although most options traders do not exercise their options and instead either allow their contracts to expire worthlessly or close them out, it is still essential to know what happens during the exercising process to get the big picture.

Put options are different than calls in that they require a traditional margin account to exercise them, which is not a feature that we currently offer at this time but plans to offer in the future.

Now let’s take a look at the assignment process. An assignment is the flip side of the coin from exercising and takes place on the seller’s side. It happens when someone who is short a call or put is forced to sell (in the case of a call) or buy (in the case of a put) the stock.

Unlike exercising, the assignment process is an obligation, not a right. The seller must deliver, or “assign,” the underlying shares at the stated strike price when the buyer requests it.

Remember, you must have a current cash balance that is high enough to cover exercising an option, or the contract will experience worthless. If you do have enough cash to perform the options exercise, shares will be assigned to your account, and you’ll be able to sell those shares at a later date. There will be no fees to sell those shares.

We hope that these two concepts are now a little easier to wrap your head around.

Long Puts

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If you already read our blog about long calls here, you’ll be able to easily understand how long puts work since they are similar in many ways.

However, let’s focus on how they are different. The biggest difference between these two option trades is that when you buy a put, you’re bearish, rather than bullish, on the underlying stock.

Just like with long calls, there is a someone on the buying side of the contract and someone on the selling side of the contract. The buyer of the put option wants the underlying stock to go down as much as possible before the expiration date while the seller of the put option wants the underlying stock to go up as much as possible before the expiration date.

Your maximum profit is unlimited when buying a put while your maximum loss is the premium you paid to the seller to buy the contract.

Buying a put is equivalent to “shorting” a stock. Rather than short selling the underlying shares, you can simply buy puts on the stock to profit off of the drop in price.

Long Calls

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Now that we’ve explained the differences between calls and puts here, let ’s take a closer look at long calls.

Going “long” on a call means you are on the buying side of the option contract. Essentially, you are the buyer of the call, and there is a seller on the other side of the trade who is writing the call.

As the buyer, you are betting that the price of the underlying stock will go up while the seller is simultaneously betting that the price of that same stock will go down.

After buying the call, your maximum profit on that particular contract is unlimited. Your best case scenario would be for the stock to continue to rise as much as possible before it expires.

As your contract gets closer to its expiration date (which can either be at the end of each week or on the third Friday of the expiration month), it will be up to you whether you want to sell out of your call and take your profits/losses or exercise the call upon expiration. Exercising the call means that you will be delivered the underlying shares of the stock from the seller at the agreed upon strike price that was set at the time of the trade.

If the trade doesn’t go your way, your maximum loss will be what you initially paid to the seller to buy the contract.

Long calls are the simplest form of options trading and the best way to get your feet wet when you first start trading options.

Calls vs. Puts

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Understanding the difference between calls and puts and how they are traded is essential to fully grasping the art of options trading. Although they can sound a little complicated at first, the strategy behind trading calls and puts is very simple. Let’s start with the definitions.

A call option is an option contract in which the holder (buyer) has the right (but not the obligation) to buy a specified quantity of a security at a specified price (strike price) within a fixed period of time (until its expiration).

A put option is an option contract in which the holder (buyer) has the right (but not the obligation) to sell a specified quantity of a security at a specified price (strike price) within a fixed period of time (until its expiration).

Rather than trying to dive into every detail of exactly what those definitions mean, it is much easier to focus on the big picture.

If you are bullish on a stock and want to profit off of the rise in stock price, your options strategy would be to purchase, or go long, a call option.

If you are bearish on a stock and want to profit off of the fall in stock price, your options strategy would be to purchase, or go long, a put option.

Whether you decide to buy a call or a put, you’ll need to decide on the price of each options contract, the amount of contracts you want to buy, a strike price and an expiration date which can all be done via the options chain. These are the four most important aspects of an option trade and determine how much you’ll be risking, how fast you think the price of the stock will move and how much you think it will increase or decrease in price.

Now that you’re a little more familiar with the difference between calls and puts, we invite you to start placing a few trades on your own. Remember, always do as much research as you can before buying a call or put as they are volatile in nature and can change price very quickly throughout a given trading day.

What about options trading?

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Calls. Puts. Strike Prices. Expiration Dates. It all seems overwhelming at first. The good news is it’s not as complex as you might think. With a little research and the desire to learn, options trading can be fun and potentially rewarding.

So why options? Let’s say you think the price of a stock is going to go up and you want to profit off of the movement. Rather than purchasing the regular shares of the stock, you can buy options contracts, or calls, which are significantly less expensive and offer much more leverage.

An option can be defined as a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specific strike price on a specified date, depending on the form of the option.

Options let you get in on the action without spending an arm and a leg. You can risk less to make more. Although highly volatile, the leverage behind options can give you the ability to achieve a much higher return on your investments if traded carefully.

The learning process never ends but that’s what makes options so exciting.

Commission-Free Options Trading

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Simplicity — Commission Free. That’s our motto.

For years now, options trading has been considered complicated and pricey.

Jellifin aims to disrupt this notion. Our vision is to make options trading simple and affordable. We want everyone to be able to trade options without having to worry about commissions, complex pricing structures, and hidden fees.

In the past year, we have started this journey to bring you real-time options data, fast execution, and a simple-to-use platform at no additional cost.

Whether you are a first-time investor or a seasoned trader, you’ll have the ability to quickly take advantage of opportunities in the market with just a few taps.

We hope that paying for commissions will be the last thing on your mind.

You can download the Jellifin app directly from the Apple App Store.