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Asset class

Options

Directional single-leg calls and puts.

Trade calls and puts directionally — buy to open, sell to open, or exit — with strikes selected either explicitly or by scanning the chain for an expiration, moneyness and distance from the money.

Order types

MarketLimit

Position sizing

Fixed quantitySignal quantity multiplier

Worth knowing

Directional only: no multi-leg spreads, and only one open position per underlying per broker account at a time. If your strategy needs simultaneous legs, split them across separate broker accounts.