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Different traders have different needs. Some use Future and some use Spot as underlying. Here you can specify which you wanted to use as underlying.

Bridge allows you to select different price types depending upon your strategy / requirements. There are three options right now as explained below.

Depending upon your selection, Bridge will use the same type of price everywhere from calculating current value to checking Stop Losses / targets or for placing limit orders.

LTP: Normally LTP is being used everywhere as Price. If you select LTP then the bridge will use LTP for every action.

BidAsk: Depending upon Buy / Sell, Bridge will automatically use the BID / ASK in place of LTP. This can control some slippages.

BidAskAvg: It is the same as BidAsk but here Bridge caulates the Average of Bid and Ask for whole provided depth and the same Avg will be used as price depending upon transaction type (buy / sell).

Here it is important to note that few brokers don't provide 5 depth data rather they just provide Best Buy / Best Sell. So in that case this will work like BidAsk.

Normally At The Money amount is selected using the last traded price of underlying which can be Index / Spot or Future.

However, in some cases, that may not be the right value for an ATM. If you have ticked Implied Future, then bridge will calculate the ATM as explained below.

First, It will check the Day Open Price of the underlying and it will select the ATM strike as per day open price.

Now it will apply the formula below to get the implied / synthetic ATM.

Implied ATM = ROUND( STRIKE + CE LTP - PE LTP)

Eg: Suppose underlying was NIFTY 50 and day open was at 17520, so ATM as per day open will be 17500. Now the bridge will check the current LTP of 17500 CE (75.85/-) and 17500 PE (25.80/-) and then calculate the current as per above formula.

Implied ATM = 17500 + 75.85 - 25.80 = 17550.05 which will be rounded to 17550 and if Skip NIFTY 50 was ticked then it will become 17600/-

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