Multi-leg Flow
Spreads, straddles and other trades built from several contracts, grouped back into the one idea they express.
- Legs put back together
- Strategy labelled
- Net position, shown
The question it answers
What is the trader really doing with these contracts?
Overview
What is Multi-leg Flow on MrChart?
Multi-leg Flow shows options trades built from more than one contract, such as vertical spreads, straddles, strangles, butterflies, condors and calendars. Instead of scattered prints, each combination appears as one trade with its strategy name, its direction, the number of legs and its net premium.
A single leg can be misleading, because a bought call may be one half of a spread that limits risk. Grouping the legs lets you see the structure the trader actually built. Each row opens to show every leg as it printed, so you can check a combination leg by leg.
What you get
Why use Multi-leg Flow
How it works
How to use Multi-leg Flow in three steps
- 01
Pick the strategies
Filter by strategy, such as vertical, straddle or iron condor, and leave out unclassified structures if you prefer.
- 02
Read the trade
Check net side, direction (long or short), contracts, net premium, days to expiry and whether every leg is out of the money.
- 03
Open the legs
Click a row to list each leg as it printed, with columns such as net delta, net theta, breakevens, and maximum profit and loss where they are available.
Who it helps
Where it fits in your day
Telling a spread from a bet
See when a large call purchase was actually part of a spread, so you read the trade as the structure it is.
Spotting volatility structures
Find straddles and strangles on a stock ahead of an event and compare the size of the premium involved.
Learning strategy shapes
Use the named strategies and their breakevens as a hands-on way to study how multi-leg positions are built.
Questions
Frequently asked questions
What is a multi-leg options trade?
It is a trade that combines two or more option contracts, called legs, into one position, such as a spread or a straddle. The legs are meant to be read together.
What is the difference between a straddle and a strangle?
Both pair a call and a put on the same stock and expiry. A straddle uses the same strike for both, while a strangle uses two different strikes.
Can I see each leg of a trade?
Yes. Open any row and the legs are listed as they printed, so a combination the feed labels as a spread can be checked leg by leg.
See it on your own screen
Create a free account and open it in the platform. MrChart is an analytics and education platform. It does not give buy or sell recommendations or investment advice.