Definition, Examples & Resources:Open Interest'
Open Interest can be found on the Strategy Tree Builder page within the Brutus Options Ranker under the Criteria List and the Liquidity Panel:
Special Considerations for Use with the Brutus Options Ranker
Since Open Interest is for a specific options contract, Brutus has a special way of handling open interest when ranking spread setup types (vs. individual contracts). The spread liquidity is taken as the lowest open interest across all the contracts in the spread. This is because all contracts would need to be closed to complete the position and therefore the limit to liquidity is potentially the contract with the lowest open interest.
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