Definition, Examples & Resources:Break-Even Price'
You can add the Break Even Price to your Strategy Tree and choose to minimize, maximize or target the criteria to a specific value.
When used properly, this is a similar criterion to "Moneyness", i.e., how far out-of-the-money (OTM) or how far in-the-money (ITM) the contract or spread is. Note, that if you choose to maximize the distance out the money your spread or option is, then you will take on more notional risk for the same potential return. For this reason, it is advised to include risk criteria, for example, notional risk, in your Brutus Options Ranker Strategy as well.
The Strike or Break-Even criterion can be found on the Strategy Tree Builder page within the Brutus Options Ranker under the Criteria List under the General Panel:
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