Strategy lesson · Custom · custom
Custom 6 Legs Explained
Six-leg flexibility for advanced overlays and multi-strike constructions.
How a Custom 6 Legs is built
Up to six option legs.
- Leg 1: buy put · strike template 85 · premium ~0.6 · 1 contract(s)
- Leg 2: sell put · strike template 95 · premium ~2 · 1 contract(s)
- Leg 3: buy call · strike template 95 · premium ~6 · 1 contract(s)
- Leg 4: sell call · strike template 105 · premium ~2 · 1 contract(s)
- Leg 5: buy call · strike template 110 · premium ~1 · 1 contract(s)
- Leg 6: sell put · strike template 100 · premium ~3.5 · 1 contract(s)
Risk & reward snapshot
| Market bias | custom |
|---|---|
| Max profit | Structure-dependent. |
| Max loss | Structure-dependent. |
| Breakeven | Chart-driven. |
Figures are conceptual for the classic structure. Your actual premiums, strikes, and fees change the numbers — confirm on the calculator.
When traders use it
- Experienced traders combining multiple spreads.
Key risks
- Operational complexity and partial fills.
Practical tips
- Document the thesis for each pair of legs.
Practice on the calculator
- Open the Custom 6 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 6 Legs?
Six-leg flexibility for advanced overlays and multi-strike constructions.
What is the max loss on a Custom 6 Legs?
Structure-dependent.
When should I use a Custom 6 Legs?
Experienced traders combining multiple spreads.