News for hackers. Stuff that matters.
Re:Introducing Multi-Leg Options Strategies by durkie on Wednesday June 13, 2018 @10:26AM (#17303346)
you have a few ways:

* a paper trading account, where you can experiment with trading strategies without risking real money

* reading about the strategies and their payoff scheme, eg: http://www.theoptionsguide.com/long-straddle.aspx

Re:Introducing Multi-Leg Options Strategies by thro1237 on Wednesday June 13, 2018 @10:31AM (#17303401)
Thanks -- Is there some software (mostly free) where I can model these strategies and understand the payoffs, etc?
Re:Introducing Multi-Leg Options Strategies by durkie on Wednesday June 13, 2018 @11:23AM (#17303942)
http://www.optionsprofitcalculator.com/ seems to be kind of popular, but it's not the most intuitive to use. I think of this as something that many brokerages offer...
Re:Introducing Multi-Leg Options Strategies by jonknee on Wednesday June 13, 2018 @11:20AM (#17303904)
This is a pretty clean list of all the common strategies along with charts showing their P/L:

http://www.theoptionsguide.com/option-trading-strategies.asp...