SDX Commodities Help > Glossary of Terms > Choice Price

Choice Price

The price of an option is usually presented as a bid/ask price. However, for a supported strategy or for a portfolio of supported instruments, rather than using the bid/ask price for each leg the market maker can decide to allocate a choice price to one or more of the legs. That is, the price for those legs will be the mid of the bid/ask spread.

To understand how the choice price is used in the system see Working with Choice Prices.