{"id":180567,"date":"2021-06-24T17:32:00","date_gmt":"2021-06-24T21:32:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/strategy-builder\/"},"modified":"2025-06-25T14:09:40","modified_gmt":"2025-06-25T18:09:40","slug":"strategy-builder","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/strategy-builder\/","title":{"rendered":"Strategy Builder"},"content":{"rendered":"<p>The Strategy Builder is a TWS tool that allows users to create complex, multi-leg options strategies. It can be accessed from the Advanced Options Tools section of the New Window dropdown or by toggling the Strategy Builder button at the bottom of the Option Chain window.<\/p>\n<p>Key features include:<\/p>\n<ul>\n<li>Manual strategy creation using calls\/puts in Tab or List View<\/li>\n<li>Creation of Horizontal, Vertical, or Diagonal spreads using Spread Builder<\/li>\n<li>Option chain display showing calls on the left and puts on the right, with in-the-money options in blue<\/li>\n<li>Ability to buy legs by clicking Ask price or sell legs by clicking Bid price<\/li>\n<li>Pre-defined strategy templates (Box, Butterfly, Calendar Spread, Iron Condor, Straddle, Strangle, Vertical Spread)<\/li>\n<li>Order parameters configuration with clear indication of debit or credit spread<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-226381 lazyload\" 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