Multi-leg (Level 3) Options are Live in Trading API and Dashboard

Multi-leg (Level 3) options are officially LIVE in our Trading API and dashboard 🎉

You can now trade advanced options trading strategies including: straddles, strangles, iron butterflies, iron condors, and various spreads (like credit, debit, and calendar).

These advanced strategies may help investors:

1. Capitalize on market volatility, range-bound price movements, and directional trends.
2. Increase efficiency by combining multiple options contracts into one single trade.
3. Improve risk management by ensuring all legs are executed simultaneously– shielding them from partial fills and unexpected market shifts.

And with multiple paper accounts, you can test various strategies at the same time before taking them live.

Start trading multi-leg options with Alpaca: https://bit.ly/3COa6Re

📔 Documentation

• Introduce an Multi-leg (Level 3) Options Trading Guide
• Learn about the differences between an iron condor and iron butterfly

<> API Reference

• Place Multi-leg Orders: Submit multi-leg orders via the POST /orders endpoint, where you’ll also find examples.
• Use Our SDKs: Get started quickly with alpacahq/alpaca-py or alpacahq/alpaca-trade-api-go .