Glossary Q

Quote

The bid to buy and the offer to sell a particular stock or option at a given time. If you see a "quote" for an option on the screen "3 ½ - 3 7/8", it means that the bid price is $3.50 and the ask price is $3.875. This means that at the time the quote was disseminated, $3.50 was the highest price any buyer wanted to pay, and $3.875 was the lowest price any seller would take.