A two-way price quotation that represents the best possible price at which a security can be sold and bought at a specific moment is referred to as "bid and ask" (also known as "bid and offer"). A buyer's maximum price that they are willing to pay for a share of stock or other security is represented by the bid price. The least amount a seller will accept for the identical security is represented by the ask price. When a seller is prepared to sell for the highest price or when a buyer is prepared to accept the best offer on the market, a trade or transaction happens. One important measure of an asset's liquidity is the spread, which is the gap between the ask and bid prices. When there's more liquidity, often time the spread is narrower.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr