With the Strategy tab of Combo Selection you start the combo selection by choosing a strategy and then an action (Buy Combo/Combo Sell Combo).
To select a combo with the Combo Selection window's Strategy tab:
- Enter the underlying symbol into a market data line and select Combinations followed by Option Combos (SMART), Future Option Combos (SMART) or Futures Spreads (SMART)
- Click the Strategy tab
- Use the Trading Class drop down to select the product classes. Exchanges that list both American and European style options may have them under a different trading classes
- Use the Strategy drop down menus to select a recognized type of combination
- Select an action (Buy Combo/Sell Combo) and use the drop down menus on the right to define the legs details
- Select Create (1:1) price combo to display the price of the combo as if it were a 1:1 price combo regardless of the legs ratio
- Select Request market data for legs to add market data lines for each combo leg
- Click Clear if you want to clear your selection
- Once finished, click the Add button to add the combo as a market data line to your watchlist
- Click OK to close the window.
Please note: Although the order will be submitted for the legs ratio chosen upon combo creation regardless of Create (1:1) price combo set up, if Create (1:1) price combo is selected it is possible that less order types will be available. Un-check Create (1:1) price combo in order to see all order types.
More information on using the Combo Selection window can be found in our Users' Guide.