Lesson Options trading

Multi-leg options in Edge Web

Learn how the Questrade Edge Web platform makes multi-leg options trading more straightforward, so that you can more easily work them into your trading strategy.

To place a multi-leg option trade on Questrade Edge Web, please follow the steps below.

Log in to Questrade Trading and navigate to Edge Web. You may need to add Edge web if you haven’t already done so.

Enter the symbol or name (1) of the underlying security you’re looking to trade in the Order entry tab.

Symbol name on Edge Web

Change the toggle next to the symbol field (2) from STK to OPT to trade options.

Stock/Option toggle on Edge Web

Tap Option type (3) to select your multi-leg strategy from the drop-down menu or select “Custom” to customize your own.

Options types on Edge Web

Enter the details of your trade. You can change the details of a specific leg by clicking on its pull-down to show the leg order details (4), or remove a leg by clicking the bin (5)

Leg actions on Edge Web Delete a leg on Edge Web
Leg order details (4) Description
Action Whether the leg will buy or sell the security. If the action would sell a security that they don’t own, the transaction may result in a short sale.
Quantity Number of option contracts or shares to buy or sell
Expiration Date at which an option contract expires
Strike Price at which the holder can buy (or sell) the shares if the option is exercised
Type The type of option purchased in the leg (typically a Call or Put)

Select order type and duration from the transaction order details (6) as you would with any other order. If you select limit order, you will be setting the limit for the total sum of all legs of the transaction.

Click Send order

Order details on Edge Web

Transaction order details (6) Description
Order Type The type of order to be placed. To learn more about the different order types, click here.
Limit price If the order type of Limit, the limit price is set here. This limit is set for the total price of the entire multi-leg transaction.
Duration Select a duration to specify how long the order should remain active. For more information, click here.
Account The account in which the transaction is to take place

Depending on your order entry preferences, an order confirmation window will appear. Review your order and when you’re ready click Send order.

Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.

Related lessons

Want to dive deeper?

Read next

Explore

Have more questions?

Tell us what you need help with, and we’ll get you in touch with the right specialist.