The Strategies ticket allows traders to simultaneously buy and/or sell different options from the same ticket. All option legs are delivered as one order and executed as one. Benefits of option strategies include reduced margin requirement and limited market risk through spread trading.
| The option strategies ticket supports US stock and index options, and Euronext stock and index options. |
This is how you can use the Strategies ticket:
- How to access the option Strategies ticket?
- Using listed options strategies
- How to close an option strategy from the Positions module?
How to access the option Strategies ticket?
The Option Strategies ticket is accessible from multiple places in SaxoTraderGO and SaxoTraderPRO
- From the Option Chain, right-click on the bid or ask of an option.
(You can also right-click on a listed option instrument from the search, watchlist, screener, positions, and orders.) - Click Option Strategies.
Using listed options strategies
Launch the module and select the account and strategy or manually add a leg. Hit the Buy / Sell button, once you are satisfied with the chosen criteria. Confirm the order.
The system recognizes a strategy if you build it manually, unmatched strategies are recognized as custom.
Pending orders are visible in the Orders module and can also be modified or cancelled.
Please visit our web page to read more about Listed options trading conditions.
How to close an option strategy from the Positions module?
1, From the Positions module select one leg of the strategy you want to close.
2. With a right click select Option Strategies.
3. It will call the trade options strategy trade ticket with the selected leg in it. Add the new leg by clicking on Add Leg.
4. Select the right Expiry, Strike, Call/Put make sure the whole strategy is to close and place the order.