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Multi-leg options strategies

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Multi-leg options are two or more option transactions, or "legs", bought and/or sold simultaneously in order to achieve a certain investment goal. Learn how to trade multi-leg options on Fidelity's trading platforms and the effect they may have on your investment or trading strategy.

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There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, and collars, as compared to a single option trade.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Prior to trading options, please read Characteristics and Risks of Standardized Options, and call 800-343-3548 to be approved for options trading.  Supporting documentation for any claims, if applicable, will be furnished upon request.

Charts, screenshots, company stock symbols and examples contained in this module are for illustrative purposes only.
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