Bid Price: How to Use Bid Price in Your Brutus Options Ranker Strategy

Bid price

The bid price is the highest price which a buyer is willing to pay for a stock option. Conversely, this is the price that the stock or option may be sold when a market order is used. In order to ensure good liquidity in the stock and options market, we need to evaluate the difference between the ask price and the bid price, or the Bid-Ask Spread.

The bid price can be used in OptionAutomator's Brutus Options Ranker as a criterion to be balanced against other conflicting criteria in the user's strategy tree.
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Hi, this may be interesting you: Bid Price: How to Use Bid Price in Your Brutus Options Ranker Strategy! This is the link: https://www.optionautomator.com/blog/kb/bid-price/