Big news!

Get a FREE Pro+ upgrade by connecting a qualifying Tradier Brokerage account! Learn more.

‍

Bid-ask spread volatility occurs in even the most liquid tickers. It can be difficult - and costly - for traders to avoid wide bid-ask spreads when trading manually. With Option Alpha's autotrading platform, there are multiple solutions to help control slippage when entering and exiting positions.

In this workshop, we'll show you how to use our proprietary SmartPricing technology to adjust final price settings for varying bid-ask spread widths. Your monitor automation will work through multiple steps to ensure minimal slippage and only exit a position if it fits your specific pricing criteria.

We shared a template so you can easily add this technique to your existing bots (we even show you how in the workshop)!

If you're not an Option Alpha member and want to access the Community template, sign up for a free 30-day trial.

Transcript

The text is the output of AI-based and/or outsourced transcribing from the audio and/or video recording. Although the transcription is largely accurate, in some cases, it is incomplete or inaccurate due to inaudible passages or transcription errors and should not be treated as an authoritative record. This transcript is provided for educational purposes only. Nothing that you read here constitutes investment advice or should be construed as a recommendation to make any specific investment decision. Any views expressed are solely those of the speaker and should not be relied upon to make decisions.

Reviews

Be the first to leave a review for this course to help others!

Share your feedback

We'd love your honest review and rating to help others.

Thank you for sharing! Your submission has been received!

Oops! Something went wrong while submitting the form.

Recent workshops

Updating Exit Options On The Fly

Updating Exit Options

Setting Up Bots to Trade Around Fed Meetings

Fed Meeting Decisions

Trailing Stops & Bid/Ask Guards

Trailing Stops

Deep-Dive into Automated Strike Selection

Automated Strike Selection

Advanced Automation Triggering after "Close Position" Events

Advanced Automation Triggering

Kirk Du Plessis

Last updated:

Sep 14, 2022

Originally published:

Sep 8, 2022

Automated Trading

Bid-Ask Spread Volatility Explained

This case study examines intraday price volatility to highlight the forces impacting a position's bid-ask spread.

Listen to this case study on bid-ask spread volatility

If you think you understand bid-ask spread, you will have a different perspective after listening to this show.

Watch this tutorial to filter for tight bid-ask spreads

This video explores how to use automation to avoid costly slippage when entering positions.

Hear the story of the Hexabot

This popular bot template shows a powerful automated strategy for all market conditions.

Updating Exit Options On The Fly

Updating Exit Options On The Fly

Use automations to update Exit Options and manage your positions dynamically in changing markets.

Setting Up Bots to Trade Around Fed Meetings

Setting Up Bots to Trade Around Fed Meetings

FOMC meetings bring increased volatility. In this workshop, discover how to use the new Fed decision recipe to automatically adjust your automations with multiple examples.

Trailing Stops & Bid/Ask Guards

Trailing Stops & Bid/Ask Guards

This workshop shows you how to set up 1-minute trailing stop Exit Options with custom SmartPricing settings for manual and automated trades.

Find new trade ideas

Option Alpha calculates probabilities for millions of potential options positions using live market data so you can find new ideas without the guesswork.

Try It for Free