wide open
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Wide Open
The situation at the opening of a trading day when there is a wide spread between the bid and ask prices for a security.
Investopedia Commentary
This situation can arise because market makers and market participants have yet to submit their bid and ask prices to the market, leaving very few (uncompetitive) orders to appear as the lowest ask and highest bid price.
Related Links
Defining Active Trading
Losing to Win
Limiting Losses
See also: Ask, Bid, Bid-Ask Spread, Market Maker, Open, Open Bell
Also spelled: Wideopen
wide open
Unresolved, unsettled, as in The fate of that former colony is still wide open. [Mid-1900s]
Unprotected or vulnerable, as in That remark about immigrants left him wide open to hostile criticism. This expression originated in boxing, where it signifies being off one's guard and open to an opponent's punches. It began to be used more broadly about 1940. Also see leave open.