What is the Strategy Builder and what types of strategies can I build?

What is the Strategy Builder and what types of strategies can I build?

The Strategy Builder allows you to build, analyze, and execute customized option strategies by combining multiple Call and Put positions across different strikes and expiries. It also offers pre-defined strategies so you can get started quickly without building from scratch. It displays an interactive payoff chart showing potential profit or loss at various price levels — both at expiry and at the current date.