Multi-Leg Orders Explained
The structure you intend and the order you submit are different things — and multi-leg execution is exactly where the gap between them causes damage.
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The structure you intend and the order you submit are different things — and multi-leg execution is exactly where the gap between them causes damage.
The vertical is the simplest multi-leg structure and the one most others are built from — and it is defined-risk under an assumption that occasionally fails at expiration.