Hi futures.io (formerly BMT) community,
I just started getting into Options heavily over the last few months and currently have a Demo Account with TorS
I'm still getting familiar with the Platform, entering Options trades and making adjustments, etc...
My question is...... How do I place a GTC Limit Order after I have entered a BullPut spread ?
I sell a $60/$62.50 BullPut for .70 cents
what I am wanting to do is..... As soon as I place the trade, I want to immediately set a GTC Limit Order to " Buy to close " my position for a 80% of max credit profit
Meaning, once I can buy to close my position for .14 cents ( thus realizing a profit of 80% of the max credit received )
just need some help or a few Screenshots please, of exactally how to implement this type of Stop on my Vertical/spread trades
This is a screenshot of the Order Entry with a GTC, and a Stop Limit ( of what I think is how to initiate the trade, to automatically close the trade ' As soon as I can Buy to close " the position for a profit of 80% of the max credit I received for initiating the trade
Hope this screenshot helps make clearer my question