What are pre-defined strategy forms?

Pre-defined strategies refer to established forms that encompass popular options strategies like bull call spreads, straddles, and strangles. These forms come pre-filled with essential inputs required to execute a specific strategy effectively. For instance, selecting a 'Bull Call Spread' would automatically configure the form as a two-legged strategy. It would detail the process, such as buying an at-the-money (ATM) call option and selling an out-of-the-money (OTM) call option. This pre-filled information streamlines the strategy implementation process, providing users with a structured approach to trade various market conditions.The advantage of pre-defined strategies lies in their simplicity and convenience. Traders can easily access and employ these strategies without manually inputting all the details, reducing the chance of errors and saving time. They offer a starting point for traders who might be unfamiliar with structuring complex options strategies.These pre-filled forms act as templates, allowing traders to modify certain parameters or customise the strategies according to their preferences or market outlook. They serve as valuable tools for both novice and experienced traders, enabling them to quickly implement diverse strategies and adapt to changing market conditions.