1. Home
  2. Glossary
  3. Spread

Strategy

Spread

Multi-leg options position

Updated Glossary

ApexVol Terminal

Options analytics, live.

Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

Start 7-day free trial Open the Terminal

Free on AAPL, no account. Trial: no charge if you cancel before it ends.

On this page
  1. Complete definition
  2. Keep reading

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.

ApexVol Terminal

Options analytics, live.

Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
  • IV rank and percentile
  • Expected move and GEX
  • Screener and strategy P&L
Start 7-day free trial Open the Terminal

Free on AAPL, no account. Trial: no charge if you cancel before it ends.

Try this with real market data. 5,500+ stocks, live options chains, IV analytics and P&L. 7-day free trial.

Know the term.
Now see it priced.

Every definition here is something the Terminal shows you live on a real chain — the Greeks, the surface, the flow. Run it on AAPL without an account.

Real market data, not a sandbox. See it live on AAPL.