Give an Example of a “Multi-Leg Options Strategy” Suitable for RFQ.
A common example of a multi-leg strategy suitable for RFQ is an Iron Condor on Bitcoin options. This strategy involves simultaneously buying and selling four different options (two calls and two puts) with different strike prices but the same expiration date.
Executing this complex, four-part trade in a single RFQ ensures that the entire position is filled at a single, net premium, avoiding the risk and cost of trying to execute each leg individually on a CLOB.