80_multi_leg_options

80 — Multi-Leg Options Strategy Execution

Category: Execution Strategy (SIMULATE)

Builds and executes multi-leg options strategies (straddle, strangle, iron condor) using the Futu options API. All legs are placed together with market orders and monitored for fills.

Strategies

Strategy	Legs	Profit When
Straddle	Long 1 ATM Call + Long 1 ATM Put	Large move in either direction
Strangle	Long 1 OTM Call + Long 1 OTM Put	Large move (cheaper than straddle)
Iron Condor	Short call spread + Short put spread	Price stays within inner strikes

How It Works

1. Fetches current price for the underlying stock.
2. Searches option chain for matching contracts via get_option_chain.
3. Builds strategy legs with hedge ratios.
4. Places all legs simultaneously with market orders.
5. Monitors fill status until all legs filled or timeout.
6. cancel_all_order in finally.

Usage

python3 main.py --strategy straddle --stock HK.00700
python3 main.py --strategy iron_condor --stock HK.00700 --expiry 202606

Key Concepts Demonstrated

• get_option_chain with pagination
• Multi-leg order placement
• Strategy pattern (register/dispatch)
• Market order execution on options
• SIMULATE-only with proper cleanup

Configuration

Flag	Default	Description
--strategy	straddle	Strategy: straddle, strangle, iron_condor
--stock	HK.00700	Underlying stock
--expiry	"" (first available)	Expiry in YYYYMM format
--max-minutes	10	Safety timeout