Strategy

We use the term strategy or options strategy in this manual heavily, so let’s define it: options strategy is a set of one or more positions in options or options underlying. 

We call a position within strategy a strategy leg or leg. Thus, any strategy consists of one or more legs.

There is a predefined list of options strategies that we use a starter set in the strategy builder:

• Naked call
• Naked put
• Calls vertical spread
• Put vertical spread
• Straddle
• Strangle
• Iron Butterfly
• Call Butterfly
• Put Butterfly
• Iron Condor
• Jade Lizard
• Reverse Jade Lizard
• Strip
• Strap