Terminology

ITM Any option which has an Intrinsic value (For Puts Intrinsic value = Strike Price – Spot Price and for Calls Intrinsic value = Strike Price – Spot Price) comes under an ‘In the Money’ (ITM) option.
OTM Any option that does not have any Intrinsic value comes under an ‘Out of the Money’ (OTM) option.
ATM Any option whose strike is nearest to the spot is considered to be an ‘At the Money’ (ATM) option.
Long Call Buy One Call
Long Put Buy One Put
Short Call Sell One Call
Short Put Sell One Put
Bull Call Spread Buy ATM/OTM Call + Sell One OTM Call
Bear Call Spread Sell ATM/OTM Call + Buy One OTM Call
Bear Put Spread Buy One ATM/ITM Put + Sell One OTM Put
Bull Put Spread Sell ATM/ITM Put + Buy One OTM Put
Synthetic Buy ATM CE + Sell ATM PE
Long Collar Future One Buy + Sell ATM/OTM Call + Buy ATM/OTM Put
Short Collar Future One Sell + Sell ATM/OTM Put + Buy ATM/OTM Call
Married Put Buy Stock/Futures + Buy PE
Long Strangle Buy One OTM Call + Buy One OTM Put
Long Straddle Buy One ATM Call + Buy One ATM Put
Short Strangle Sell One OTM Call + Sell One OTM Put
Short Straddle Sell One ATM Call + Sell One ATM Put
Call Butterfly Buy 1 CE, sell 2CE, Buy 1 OTM CE
Put Butterfly Buy 1 PE, sell 2PE, Buy 1 OTM PE
Iron Fly Sell ATM PE & CE, Buy OTM CE & PE
Iron Condor Buy OTM CE & OTM PE, SELL further away OTM CE & PE
Call Calendar Spread Buy Call of Next week/month + Sell same strike Call of This week/month
Put Calendar Spread Buy Put of Next week/month + Sell same strike Put of This week/month
Diagonal Buy Monthly expiry CE/PE + Sell Weekly Expiry CE/PE
Modified Futures Butterfly Buy Futures, Buy ATM PE, Sell OTM CE(2 No.s)
Call Ratio Spread Buy One ITM/ATM/OTM Call + Sell Two OTM Call (to engulf total debit)
Put Ratio Spread Buy One ITM/ATM/OTM Put + Sell Two OTM Put (to engulf total debit)
Calendar Put Ratio Spread Buy One ITM/ATM/OTM Put this week/month + Sell Two OTM Put this next week/month
Calendar Call Ratio Spread Buy One ITM/ATM/OTM Call this week/month + Sell Two OTM Call this next week/month
Modified Collar Buy Futures, Buy ATM PE, Sell OTM CE
Cross Calendar Spread Buy One ATM/Slight OTM Call/Put Next week/month + Sell One OTM Call/Put this week/month
Bearish Expecting the stock or the Index to move in Downward direction
Bullish Expecting the stock or the Index to move in Upward direction
Neutral Expecting the stock or the index to move in a range bound manner
BI-DI Bidirectional trade setup where the stock or index is expected to move sharply in any one direction
Max Profit This is the maximum profit that is possible to achieve if the given trade/Idea closes for a profit
Max Loss This is the maximum loss amount that is possible once the trade closes for a loss. This is only an indicative figure and the actual loss can be higher or lower than this value depending upon various factors such as liquidity and/or market conditions. The loss amount of a particular Trade/Hedged Idea during the life of the position(MTM Losses) can be substantially much higher than this value/number as well.
Breakeven A trade or idea which has been closed for no profit or no loss without taking into account any brokerage/other fees or charges
Profit A trade or idea which has been closed for a gain without taking into account any brokerage/other fees or charges
Loss A trade or idea which has been closed for a loss of money without taking into account any brokerage/other fees or charges
Non Mtm Loss This can be the intermeidary losses that can happen in the life cycle of a trade from when it is opened to when it is closed
Modified This is the status set when a trade has been changed from the original legs/position that were there in the beginning . User has to follow the actions given in the notes when he/she sees this status change on the app
Screenshot of mobile app