Govinda Bhadada
Adding a few layers of risk management
  1. Along with leg stoploss, keeping an overall dollar loss for a strategy/portfolio (both loss checks together) (for eg, if leg stoploss is at 50%, and dollar loss of portfolio is at $20 - so incase a day is volatile and not suitable for a straddle, we exit out of the volatility)
  2. After stoploss on a leg level hits, have an option to change stoploss of the other leg(s) to cost (move SL to cost). In case of a sold straddle/strangles, it will help manage risk in periods of high volatility when market is swinging wild on both sides.
  3. In case leg SL hits, having an option to either (A) exit all/partial trades in the strategy/portfolio or (B) option to exit only that leg (along with maybe corresponding hedge or child legs).