> ## Documentation Index
> Fetch the complete documentation index at: https://api.unusualwhales.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> API requests use the base URL https://api.unusualwhales.com and require a bearer token in the `Authorization` header (`Authorization: Bearer <API_KEY>`). Create and manage API tokens at https://unusualwhales.com/dashboard/api.
> For live market data inside an AI tool, use the Unusual Whales MCP server at https://unusualwhales.com/public-api/mcp.
> Instructions for agents using Unusual Whales tools: https://unusualwhales.com/skill.md

# Strategy

> The classified options strategy a spread represents.

Enum
values**41**
used by[MultiLegSpread](/docs/kafka/types/MultiLegSpread.md)

**Proto definition**

```protobuf schema.proto theme={null}
enum Strategy {
  STRATEGY_OTHER = 0;
  STRATEGY_SYNTHETIC = 1;
  STRATEGY_STRIP = 2;
  STRATEGY_STRAP = 3;
  STRATEGY_1_1_2 = 4;
  STRATEGY_IRON_BUTTERFLY = 5;
  STRATEGY_IRON_CONDOR = 6;
  STRATEGY_CALL_CONDOR = 7;
  STRATEGY_PUT_CONDOR = 8;
  STRATEGY_JADE_LIZARD = 9;
  STRATEGY_PUT_LADDER = 10;
  STRATEGY_CALL_LADDER = 11;
  STRATEGY_CALL_VERTICAL_SPREAD = 12;
  STRATEGY_PUT_VERTICAL_SPREAD = 13;
  STRATEGY_STRANGLE = 14;
  STRATEGY_STRADDLE = 15;
  STRATEGY_PUT_CALENDAR = 16;
  STRATEGY_CALL_CALENDAR = 17;
  STRATEGY_PUT_RATIO_SPREAD = 18;
  STRATEGY_CALL_RATIO_SPREAD = 19;
  STRATEGY_PUT_BACKSPREAD = 20;
  STRATEGY_CALL_BACKSPREAD = 21;
  STRATEGY_PUT_FRONTSPREAD = 22;
  STRATEGY_CALL_FRONTSPREAD = 23;
  STRATEGY_CALL_BUTTERFLY_SPREAD = 24;
  STRATEGY_PUT_BUTTERFLY_SPREAD = 25;
  STRATEGY_CALL = 26;
  STRATEGY_PUT = 27;
  STRATEGY_RISK_REVERSAL = 28;
  STRATEGY_CALL_DIAGONAL_SPREAD_BULLISH = 29;
  STRATEGY_PUT_DIAGONAL_SPREAD_BULLISH = 30;
  STRATEGY_CALL_DIAGONAL_SPREAD_BEARISH = 31;
  STRATEGY_PUT_DIAGONAL_SPREAD_BEARISH = 32;
  STRATEGY_BOX_SPREAD = 33;
  STRATEGY_STRADDLE_SWAP = 34;
  STRATEGY_STRANGLE_SWAP = 35;
  STRATEGY_RATIO_RISK_REVERSAL = 36;
  STRATEGY_TIME_BUTTERFLY = 37;
  STRATEGY_JELLY_ROLL = 38;
  STRATEGY_CALL_DIAGONAL_SPREAD = 39;
  STRATEGY_PUT_DIAGONAL_SPREAD = 40;
}
```

## Values

The number on the right of each row is the protobuf enum number.

STRATEGY\_OTHER
0

The legs did not match a known strategy.

STRATEGY\_SYNTHETIC
1

Synthetic.

STRATEGY\_STRIP
2

Strip.

STRATEGY\_STRAP
3

Strap.

STRATEGY\_1\_1\_2
4

One by one by two.

STRATEGY\_IRON\_BUTTERFLY
5

Iron butterfly.

STRATEGY\_IRON\_CONDOR
6

Iron condor.

STRATEGY\_CALL\_CONDOR
7

Call condor.

STRATEGY\_PUT\_CONDOR
8

Put condor.

STRATEGY\_JADE\_LIZARD
9

Jade lizard.

STRATEGY\_PUT\_LADDER
10

Put ladder.

STRATEGY\_CALL\_LADDER
11

Call ladder.

STRATEGY\_CALL\_VERTICAL\_SPREAD
12

Call vertical spread.

STRATEGY\_PUT\_VERTICAL\_SPREAD
13

Put vertical spread.

STRATEGY\_STRANGLE
14

Strangle.

STRATEGY\_STRADDLE
15

Straddle.

STRATEGY\_PUT\_CALENDAR
16

Put calendar.

STRATEGY\_CALL\_CALENDAR
17

Call calendar.

STRATEGY\_PUT\_RATIO\_SPREAD
18

Put ratio spread.

STRATEGY\_CALL\_RATIO\_SPREAD
19

Call ratio spread.

STRATEGY\_PUT\_BACKSPREAD
20

Put backspread.

STRATEGY\_CALL\_BACKSPREAD
21

Call backspread.

STRATEGY\_PUT\_FRONTSPREAD
22

Put frontspread.

STRATEGY\_CALL\_FRONTSPREAD
23

Call frontspread.

STRATEGY\_CALL\_BUTTERFLY\_SPREAD
24

Call butterfly spread.

STRATEGY\_PUT\_BUTTERFLY\_SPREAD
25

Put butterfly spread.

STRATEGY\_CALL
26

Single call.

STRATEGY\_PUT
27

Single put.

STRATEGY\_RISK\_REVERSAL
28

Risk reversal.

STRATEGY\_CALL\_DIAGONAL\_SPREAD\_BULLISH
29

Deprecated, folded into STRATEGY\_CALL\_DIAGONAL\_SPREAD.

STRATEGY\_PUT\_DIAGONAL\_SPREAD\_BULLISH
30

Deprecated, folded into STRATEGY\_PUT\_DIAGONAL\_SPREAD.

STRATEGY\_CALL\_DIAGONAL\_SPREAD\_BEARISH
31

Deprecated, folded into STRATEGY\_CALL\_DIAGONAL\_SPREAD.

STRATEGY\_PUT\_DIAGONAL\_SPREAD\_BEARISH
32

Deprecated, folded into STRATEGY\_PUT\_DIAGONAL\_SPREAD.

STRATEGY\_BOX\_SPREAD
33

Box spread.

STRATEGY\_STRADDLE\_SWAP
34

Straddle swap.

STRATEGY\_STRANGLE\_SWAP
35

Strangle swap.

STRATEGY\_RATIO\_RISK\_REVERSAL
36

Ratio risk reversal.

STRATEGY\_TIME\_BUTTERFLY
37

Time butterfly.

STRATEGY\_JELLY\_ROLL
38

Jelly roll.

STRATEGY\_CALL\_DIAGONAL\_SPREAD
39

Call diagonal spread.

STRATEGY\_PUT\_DIAGONAL\_SPREAD
40

Put diagonal spread.