multi-leg options order meaning

[Finance]
A type of order that allows an option trader to simultaneously buy or sell a number of different options that traditionally could only be achieved by placing separate orders. This type of order is primarily used in multi-legged strategies such as a straddle, strangle, ratio spread and butterfly.
  • multi:    prefixmany; severa ...
  • multi-:    Combining form: mu ...
  • leg:    Noun: leg &nb ...

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