Strategy Builder

Use the Strategy Builder section of the Option Chains to quickly build complex, multi-leg strategies directly from the option chain display. To do so, please take the steps outlined below.

Instructions
  1. From within the Option Chain, toggle on the Strategy Builder. The Strategy Builder window will populate at the bottom of your screen.

    The strategy builder in IBKR Desktop.

  2. Select the Custom drop-down menu to select a strategy from the populated list.

    Select Strategy in IBKR Desktop

  3. In this example, we selected Calendar Spread. Next, select the desired leg from the Option Chain. The spread will update automatically in the Strategy Builder.

    Select Legs in IBKR Desktop

  4. Alternatively, after clicking your desired strategy, you may navigate back to the strategy drop-down menu and select Auto-Place At Money. This allows your strategy to be placed approximately at-the-money relative to the current market price.

    Auto Place at Money Strategy in IBKR Desktop

  5. Enter the additional order parameters at the bottom of the strategy builder and select Submit Order to transmit.

    Order Parameters Strategy Builder in IBKR Desktop

 

Additional Resources