Set Strategies in Dollars - Fixed Width Strategies

Set Strategies in Dollars - Fixed Width Strategies

Set Strategies in Deltas, Percentages or Dollar amounts

It is possible to set up strategies using Deltas, dollar amounts, or percentages prices of the underlying. See below:

Set Up each leg individually

You can also combine the way you specify each leg. To set up legs independently, click on the contract tab to configure that leg. See below:


Set up a fixed width Strategy

You can also set up one leg in Deltas. Then use that first leg as a reference to place a second one at a fixed dollar difference. To achieve this result, you must link the second leg to the first one.

This is particularly useful if you want to backtest a fixed width vertical spread, for example. You can set up the first leg as a short Put @ 30 Delta and then set the long leg at a 5 dollars difference from the short leg. See below:

Use this same technique to set up calendars. See below: