added
Multi-leg (Level 3) Options Trading in Paper
10 days ago by Alexandros Kyriakakis
Multi-leg (Level 3) Options are now available in Trading API and dashboard in Paper 🎉
With Level 3 options trading, you can trade multi-leg strategies like: straddles, strangles, iron butterflies, iron condors, and spreads to capitalize on specific market volatility, range-bound price movements, and directional trends.
This may help traders:
- Increase efficiency by combining multiple options contracts into one single trade.
- Enhance risk management by ensuring all parts of their strategy are executed simultaneously– protecting traders from partial fills and market movement.
📔 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 .