In the world of Stocks, Futures and Options, the way things are quoted can vary and at times be confusing. Today, we will explore some of these nuances and try to bring some clarity.
Stocks are the most vanilla. If you are looking to sell you “hit the bid." If you are looking to Buy you “take the offer."
Futures and options are a bit more complicated as they have multipliers, expirations, and different tick values.
Before trading any product, it is important to review and understand quoting style, as it does change depending on what you trade.