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Strategy Builder

Use the Strategy Builder to quickly build complex, multi-leg orders directly from the option chain display.

To open Strategy Builder

To create a pre-defined strategy

1.  Use the "Strategies" pick list on the right side of the Strategy Builder to select a named complex strategy.

2.  Hold your mouse cursor over the first leg to see the potential strategy.

3.  Click the bid or ask price for the selected leg to create the full strategy.

Use the buttons along the bottom of the Strategy Builder:

Use the Order Entry panel below the Strategy Builder to trade the strategy.


To manually create a strategy

  1. With the Strategy Builder on, click the bid or ask for a call or put in the Option Chain to add it as a leg to the Strategy Builder.
  2. Once the strategy is defined, modify order parameters as needed, including order type, quantity, price, time in force and more.
  3. Click Submit to send the order. Use the drop-down arrow on the Submit button to save the order and transmit at a later date.

Note:  The strategy displays below the leg in the Strategy Builder window, and is updated each time you add a leg. Options used in the spread are highlighted in the Option Chain.