Block orders in option strategy

Users with trading permissions can place Block Orders for multi‑leg option strategies (for example, straddles and calendar spreads) directly from the platform. 

How to route a multi‑leg option strategy order

• Open the Allocation Group you intend to use for routing and allocation.
• Load the option root (base) contract into the Allocation Group.
• Click the Strategy button to open the Option Strategy dialog.
• In the Option Strategy dialog, select a predefined template (e.g., Calendar Spread, Straddle) or build a custom strategy.
• Review the details and allocations, then submit the Block Order.

Availability and limitations

• Multi‑leg (option strategy) orders are not available for all option contracts or venues.
• This feature is designed for opening new positions in an option strategy. It cannot be used to roll, trim, or close existing strategy exposure.
• To close existing strategy exposure across clients, use the Positions module in Client Screener. Bulk closures can be performed one leg at a time.