uTrade Algos offer a simplistic yet powerful order form which comes with intuitive easy to use options, such as: Strategy Templates for Options Strategies using which the user can deploy over 20 strategies in just a click. Along with that the user can use powerful options to make the strategy creation process smarter by using:
- Strike Selection Option
- Expiry type Option
- Robust RMS checks at different strategy levels
We’ll be elaborating on this further in this section, enabling you to create and execute strategies in an efficient way.
Structure :
- Portfolio framework
- Strategy type field
- Expiry Type
- Offset
- Strike selection
- Strategy Legs
- RMS
- Deployment options
Portfolio Framework
A strategy can be created by creating a portfolio first. Thus, a strategy will always be created under a portfolio and cannot be deployed separately.
Three level description
- Leg Level : A single order instruction such as: Buy a call option, sell a put option and so on.
- Strategy level : group of legs – including strategy templates
- Portfolio level : group of Strategies – including custom if any
Let’s get into the process and flow of creating a portfolio