OptionAutomator Options Trading Glossary:

Definition, Examples & Resources:Mid Price [Underlying]'

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What is Mid Price [Underlying] in Options Trading ?

Mid Price [Underlying]
The underlying mid-price is the price between the bid and ask prices currently on offer for the stock or ETF.  This is a good target for a limit price placed in any order that involves the underlying stock.

How to Use in Your Brutus Options Ranker Strategy

The underlying mid price may be added to your Brutus Options Ranker strategy if you have a specific underlying price you'd like to stay close to.

We recommend only using this criterion in target mode. E.g., if you would like to target stocks that trade around $50/share you may target the mid price to $50. We do not recommend minimizing the target price unless coupled with more heavily weighted criteria to ensure that proper underlying and options liquidity are considered as part of the strategy.

Where to find Mid Price [Underlying] in the Brutus Options Ranker Criteria Panel

Mid Price [Underlying] can be found on the Strategy Tree Builder of the Brutus Options Ranker under the Criteria List General Panel:

Video on Mid Price [Underlying]

Broader Term

  • Mid Price
  • Narrower Term

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