Strategy

Spread

Multi-leg options position

What is Spread?

Spread A multi-leg position with options at different strikes and/or expirations. Spreads have defined risk and reduced capital requirements compared to naked options.

Complete Definition

A multi-leg position with options at different strikes and/or expirations. Spreads have defined risk and reduced capital requirements compared to naked options.

Related Terms

Vertical Spread Calendar Spread Diagonal Spread

Want to Learn More?

Explore our educational resources and analytics tools to deepen your understanding.

Learning Center

Speed (Third-Order Greek) All Terms Standard Deviation

Learn Options Trading

Understanding Options Greeks Implied Volatility Guide How to Trade Options 0DTE Options Trading Options Glossary Strategy Guides Learning Center

Explore More Tools

Options Chain Real-time Greeks Greeks Heatmap Visual analysis Volatility Lab IV analysis Strategy Simulator Test strategies Vol Monitor 3D visualization Options Screener Find opportunities Historical Data Past snapshots Earnings Historical moves & IV 0DTE Analytics Same-day expiration