Use Spread Templates within the Option Chain to easily compare and create multi-leg option strategies:
- From the Option Chain "blade" (to the right of the symbol), click Calls and Puts, then select a Spread Template (Horizontal Spread, Vertical Spread or Diagonal Spread)
- Within the grid interface, use the scroll bars to compare spreads. Tiles cleanly display the expiration and strike, bid and ask, delta, and gamma so you can compare spreads on price, spread width, and risk/return at a glance
- Click a tile to load the selected spread into the Strategy Builder.
To modify a leg within the Strategy Builder:
- Use the drop-down list from any parameter to select a new one
- Remove a leg from the spread by clicking the red "x" to the left of any leg
- Click “+Profile” to see the Performance Profile sidecar for the strategy
- Save the spread to a Watchlist to trade it later by clicking "Add to Watchlists"
- Click "Clear All Legs" to start over.
Find out more about Option Chains and the Performance Portfolio in the TWS Users' Guide.