A Multi-Leg trade is one that consists of two or more legs. A multi-leg trade can consist of options trades as well as stock.&nbsp;Buying a call would be a single leg trade. Opening a call debit spread (buy one call, sell one call of a higher strike) would be a multi-leg trade with two legs.&nbsp;Another example of a 2-legged options trade would be a <a href="https://unusualwhales.com/option-strategies/long-straddle">straddle</a>, which involves both a call and put option.&nbsp;An example of a 3-legged options trade would be a <a href="https://unusualwhales.com/option-strategies/long-call-butterfly">long call butterfly</a>, which involves 3 call options of varying strike prices.&nbsp;An example of a 4-legged options trade would be a <a href="https://unusualwhales.com/option-strategies/short-iron-condor">short iron condor</a>, which involves 2 call options of varying strike prices as well as 2 put options of varying strike prices.&nbsp;&nbsp;By definition a Roll is also a multi-leg trade.&nbsp;&nbsp;M﻿ulti-Leg trades can be identified in the flow feed by both the symbols preceding the ticker or by the prefix ‘ML’ in the ‘code’ column.&nbsp;&lt;IMG:https://i.imgur.com/qGs1huq.png&nbsp;You can learn more about spotting multi-leg trades in the Flow Feed by watching the <a href="https://youtu.be/y80FKXNbPnQ">YouTube video on shortcut links</a>.&nbsp;&nbsp;<h2>Multi-Leg Resources</h2><ul><li><a href="https://unusualwhales.com/option-strategies">Unusual Whales Options Strategies Breakdown</a></li></ul>

An explanation of what a multi leg trade is, with examples

Multi-Leg

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