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Option Spread Templates

Spread Templates make it easy to create two-legged spreads by providing a pick-list of popular strategies. Once you've selected the spread type, the Spread Template's intuitive grid display:

• Lets you easily compare prices across a range of similar combinations and quickly pick the one you want.
• Lets you easily compare tightness of the bid/ask spread for multiple strategies and quickly pick the one with the best spread.
• Helps you quickly search for the most appropriate strategy to hedge an existing position via Delta and Gamma display in each grid box.

The grid displays key information to help you pick the best spread for your needs, including delta, gamma, price and the bid/ask spread. You can fine-tune grid strategies by adjusting filters.

Tap the "down" arrow to view more data, then swipe right-to-left to view all columns.

Use the drop-down to select a spread type.

Toggle the first leg between Calls and Puts.

Tap to configure filters such as time period, trading class, and display features like column size, columns to display, and the order in which visible columns appear.

To use the Spread Template

1. Open details for an instrument and tap “Spreads” from the top row of action buttons.

   Note:  Alternatively, you can select "Spread Template" from the instrument type list when adding an asset to your Watchlist.

2. Using the drop-down list ( in above image) at the top of the Spread Template, select a strategy (Calendar, Vertical, Diagonal).
3. Choose "Calls" or "Puts" ( in above image) and if needed, define data filters or filter out weekly contracts ( in above image).
4. Once settings and filters are defined, swipe through strategies in the grid to compare and find the best available combination strategies based on spread, price, Delta and Gamma.
5. Tap a box to add the strategy at the bottom of the screen. Gamma and Delta are shown along with the combo premium, and these values update automatically if you edit the strategy.
6. You can easily remove legs or change the leg ratio or leg side. Once your strategy is complete, tap an icon below the legs to:
   
   

   Add to your Watchlist

   Trade the spread

   Open the Instrument Details window for the strategy

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