Strategy lesson · Custom · custom
Custom 2 Legs Explained
A blank two-leg canvas for any vertical, straddle, risk reversal, or synthetic you define yourself.
How a Custom 2 Legs is built
Add two option legs freely (side, type, strike, premium, DTE).
- Leg 1: buy call · strike template 100 · premium ~3 · 1 contract(s)
- Leg 2: sell call · strike template 110 · premium ~1.2 · 1 contract(s)
Risk & reward snapshot
| Market bias | custom |
|---|---|
| Max profit | Depends entirely on the structure you build. |
| Max loss | Depends on structure — always read the chart. |
| Breakeven | Model in the calculator. |
Figures are conceptual for the classic structure. Your actual premiums, strikes, and fees change the numbers — confirm on the calculator.
When traders use it
- You know the legs you want but no preset matches exactly.
Key risks
- Easy to create undefined risk accidentally — check short naked legs.
Practical tips
- Start from a named strategy lesson, then customize strikes on the calculator.
Practice on the calculator
- Open the Custom 2 Legs calculator.
- Load a symbol and option chain; fill realistic mid premiums.
- Review max profit, max loss, breakevens, and the date × price heatmap.
- Change strikes and DTE to see how risk shape shifts.
FAQ
What is a Custom 2 Legs?
A blank two-leg canvas for any vertical, straddle, risk reversal, or synthetic you define yourself.
What is the max loss on a Custom 2 Legs?
Depends on structure — always read the chart.
When should I use a Custom 2 Legs?
You know the legs you want but no preset matches exactly.