Options Market Structure
Understanding Order Flow & Market Mechanics
Market Dynamics Guide
Learn how options markets operate, from order types to liquidity impact, with interactive examples.
Order Types & Execution
Different order types serve different trading objectives. Understanding when to use each type is crucial for effective trading.
Order Type Explorer
Liquidity & Market Impact
Understanding how your order size affects execution prices is crucial for minimizing trading costs.
Market Impact Simulator
10 contracts
Order Book & Spreads
The order book shows available liquidity at different price levels. The bid-ask spread represents the cost of immediate execution.
Order Book Explorer
Quick Reference
Key Concepts
- Price-Time Priority
- Order Book Depth
- Market Liquidity
Best Practices
- Size orders appropriately
- Consider time of day
- Monitor liquidity levels
- Use appropriate order types
Trading Costs
- Bid-Ask Spreads
- Market Impact
- Commission Fees