OptionsMultiOrder

Place multiple option legs in a single request. Ideal for complex options strategies like Iron Condor, Strangles, Spreads, and more. BUY legs are executed before SELL legs for margin efficiency.

Endpoint URL

Local Host   :  POST http://127.0.0.1:5000/api/v1/optionsmultiorder
Ngrok Domain :  POST https://<your-ngrok-domain>.ngrok-free.app/api/v1/optionsmultiorder
Custom Domain:  POST https://<your-custom-domain>/api/v1/optionsmultiorder

Sample API Request (Iron Condor - Same Expiry)

{
  "apikey": "<your_app_apikey>",
  "strategy": "Iron Condor Test",
  "underlying": "NIFTY",
  "exchange": "NSE_INDEX",
  "expiry_date": "25NOV25",
  "legs": [
    {"offset": "OTM6", "option_type": "CE", "action": "BUY", "quantity": 65},
    {"offset": "OTM6", "option_type": "PE", "action": "BUY", "quantity": 65},
    {"offset": "OTM4", "option_type": "CE", "action": "SELL", "quantity": 65},
    {"offset": "OTM4", "option_type": "PE", "action": "SELL", "quantity": 65}
  ]
}

Sample cURL Request

curl -X POST http://127.0.0.1:5000/api/v1/optionsmultiorder \
  -H 'Content-Type: application/json' \
  -d '{
  "apikey": "<your_app_apikey>",
  "strategy": "Iron Condor Test",
  "underlying": "NIFTY",
  "exchange": "NSE_INDEX",
  "expiry_date": "25NOV25",
  "legs": [
    {"offset": "OTM6", "option_type": "CE", "action": "BUY", "quantity": 65},
    {"offset": "OTM6", "option_type": "PE", "action": "BUY", "quantity": 65},
    {"offset": "OTM4", "option_type": "CE", "action": "SELL", "quantity": 65},
    {"offset": "OTM4", "option_type": "PE", "action": "SELL", "quantity": 65}
  ]
}'

Sample API Response (Iron Condor)

{
  "status": "success",
  "underlying": "NIFTY",
  "underlying_ltp": 26050.45,
  "results": [
    {
      "action": "BUY",
      "leg": 1,
      "mode": "analyze",
      "offset": "OTM6",
      "option_type": "CE",
      "orderid": "25111996859688",
      "status": "success",
      "symbol": "NIFTY25NOV2526350CE"
    },
    {
      "action": "BUY",
      "leg": 2,
      "mode": "analyze",
      "offset": "OTM6",
      "option_type": "PE",
      "orderid": "25111996042210",
      "status": "success",
      "symbol": "NIFTY25NOV2525750PE"
    },
    {
      "action": "SELL",
      "leg": 3,
      "mode": "analyze",
      "offset": "OTM4",
      "option_type": "CE",
      "orderid": "25111922189638",
      "status": "success",
      "symbol": "NIFTY25NOV2526250CE"
    },
    {
      "action": "SELL",
      "leg": 4,
      "mode": "analyze",
      "offset": "OTM4",
      "option_type": "PE",
      "orderid": "25111919252668",
      "status": "success",
      "symbol": "NIFTY25NOV2525850PE"
    }
  ]
}

Sample API Request (Diagonal Spread - Different Expiry)

{
  "apikey": "<your_app_apikey>",
  "strategy": "Diagonal Spread Test",
  "underlying": "NIFTY",
  "exchange": "NSE_INDEX",
  "legs": [
    {"offset": "ITM2", "option_type": "CE", "action": "BUY", "quantity": 65, "expiry_date": "30DEC25"},
    {"offset": "OTM2", "option_type": "CE", "action": "SELL", "quantity": 65, "expiry_date": "25NOV25"}
  ]
}

Sample API Response (Diagonal Spread)

{
  "results": [
    {
      "action": "BUY",
      "leg": 1,
      "mode": "analyze",
      "offset": "ITM2",
      "option_type": "CE",
      "orderid": "25111933337854",
      "status": "success",
      "symbol": "NIFTY30DEC2525950CE"
    },
    {
      "action": "SELL",
      "leg": 2,
      "mode": "analyze",
      "offset": "OTM2",
      "option_type": "CE",
      "orderid": "25111957475473",
      "status": "success",
      "symbol": "NIFTY25NOV2526150CE"
    }
  ],
  "status": "success",
  "underlying": "NIFTY",
  "underlying_ltp": 26052.65
}

Request Body

Parameter	Description	Mandatory/Optional	Default Value
apikey	Your OpenAlgo API key	Mandatory	-
strategy	Strategy identifier	Mandatory	-
underlying	Underlying symbol (NIFTY, BANKNIFTY, etc.)	Mandatory	-
exchange	Underlying's exchange. Any value in the shared VALID_EXCHANGES list passes validation; the practical values are NSE_INDEX, NSE, BSE_INDEX, BSE	Mandatory	-
expiry_date	Common expiry date in DDMMMYY format (can be overridden per leg)	Optional	Derived when underlying includes expiry
strike_int	Strike interval, positive integer or null. Omit it so the actual strikes in the instrument master are used	Optional	Derived from the instrument master
legs	Array of 1 to 20 leg objects	Mandatory	-

These six fields are the complete top-level OptionsMultiOrderSchema. Any other top-level field returns HTTP 400.

Leg Object Fields

Parameter	Description	Mandatory/Optional	Default Value
offset	Strike offset: ATM, ITM1-ITM50, OTM1-OTM50	Mandatory	-
option_type	Option type: CE or PE (lowercase accepted)	Mandatory	-
action	Order action: BUY or SELL (lowercase accepted)	Mandatory	-
quantity	Order quantity, positive integer	Mandatory	-
splitsize	Split size for this leg (0 = no split)	Optional	0
expiry_date	Leg-specific expiry (for calendar and diagonal spreads)	Optional	Uses the top-level expiry
pricetype	Price type: MARKET, LIMIT, SL, SL-M	Optional	MARKET
product	Product type: MIS or NRML. CNC is rejected for options	Optional	MIS
price	Limit price (for LIMIT orders)	Optional	0
trigger_price	Trigger price (for SL orders)	Optional	0
disclosed_quantity	Disclosed quantity	Optional	0

A leg carries no symbol and no strike: the contract is resolved from offset plus the shared underlying. Any field outside this list returns HTTP 400 for the whole request.

Response Fields

Field	Type	Description
status	string	"success" or "error"
underlying	string	Underlying symbol
underlying_ltp	number	Last traded price of underlying
results	array	Array of leg results

Results Array Fields

Field	Type	Description
leg	number	Leg number (1, 2, 3...)
action	string	BUY or SELL
offset	string	Offset used
option_type	string	CE or PE
symbol	string	Resolved option symbol
orderid	string	Order ID from broker
status	string	"success" or "error"
mode	string	"analyze" in analyzer mode. The key is absent in live mode; there is no "mode": "live"

Supported Strategies

Strategy	Legs	Description
Iron Condor	4	OTM CE buy, OTM PE buy, closer OTM CE sell, closer OTM PE sell
Strangle	2	OTM CE, OTM PE (same expiry)
Straddle	2	ATM CE, ATM PE (same expiry)
Bull Call Spread	2	Buy lower strike CE, sell higher strike CE
Bear Put Spread	2	Buy higher strike PE, sell lower strike PE
Calendar Spread	2	Same strike, different expiry
Diagonal Spread	2	Different strike, different expiry

Notes

• BUY legs are always executed first for margin efficiency

• Each leg can have its own expiry_date for calendar/diagonal spreads

• If a leg fails, subsequent legs are still attempted

• The underlying_ltp is used for all legs to ensure consistent ATM calculation

• The request schema accepts 1 to 20 legs; broker limits can be stricter.

• Rate limit: ORDER_RATE_LIMIT, default 10 requests per second

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