The decision recipe for comparing opportunity bid-ask spread has three inputs:
- Greater than/less than/equal to
This decision recipe allows you to reference a position’s bid-ask spread before moving through the automation.
The first field prompts a dropdown menu to choose a position type. The decision recipe will then prompt you to choose a ticker symbol and, if it is an options position, add the details of the options legs.
The second field prompts a dropdown menu to choose if the bid-ask spread is greater than, less than, or equal to the third field, where you manually input the spread’s size. When you have finished creating the recipe, select “Save.”
NOTE: You can also create a custom input, which allows you to input the field later to make the decision recipe dynamic across all automations.
You have the option to add more decisions to the recipe or return to the automation editor. When finished, select “Save” again to return to the automation editor.
The automation editor will display your completed decision criteria for comparing opportunity bid-ask spread.
You can always select the decision inside the automation editor and make changes to the criteria.