What is multi-leg options?
Also called options spread.
A multi-leg options trade combines two or more option contracts into a single strategy, such as a vertical spread, placed together as one position.
Instead of buying or selling a single option, a multi-leg trade buys and sells several contracts at once to shape a specific risk and reward. Because the legs depend on each other, they need to be placed together, not one at a time.
Candella copies multi-leg options as a single order using canonical OCC contract fields, so a spread a lead trades is mirrored into a follower's account as the same spread rather than loose, mismatched legs.
Related terms