Yes. Rize Trade can track multi-leg option structures, including verticals, iron condors and similar strategies, by grouping related legs under the same underlying and auto-tagging the strategy on import.
An iron condor appears as its four legs: two calls and two puts.
How multi-leg trades are grouped
On import, multi-leg executions are grouped by underlying. In position-effect mode, Rize Trade builds legs from each fill and keys a leg by underlying, instrument type, strike and expiration.
Legs that open within about a 2-second window on the same underlying can join the same multi-leg group.
Strategy tags applied on import
After a trade is created, Rize Trade runs strategy detection on the legs. When it recognizes a structure it adds a tag in the Strategy category.
- Tag name format: side plus strategy name, for example
Long Call VerticalorShort Straddle - Category name: Strategy
- If no strategy is recognized, no Strategy tag is added
Strategies Rize Trade can detect
Detection is by leg count. Two-leg debit or credit spreads show up as Call Vertical or Put Vertical.
1 leg
Stock, Future, Naked Put, Naked Call
2 legs
Straddle, Call Vertical, Put Vertical, Ratio, Strangle, Call Calendar, Put Calendar, Covered Call, Covered Put, Call Diagonal, Put Diagonal
3 legs
Call Butterfly, Put Butterfly, Jade Lizard, Rev Jade Lizard
4 legs
Iron Fly, Iron Condor
What multi-leg tracking is not
Multi-leg support is grouping plus Strategy tags on the trade. Rize Trade does not store multi-leg structures as a separate strategy blotter outside your normal trades list.