Bot Positions

Updated Oct 20, 2026

Refer to the following information to manage positions that are currently open by your bot.

Manually Open a Position

If you would like to manually enter a new bot position, you may do so by viewing the bot, opening the bot menu, and then clicking "Enter New Position":

You can also do this from the dropdown on your bot listing:

You can also enter a new position from your dashboard while the market is open. Click the lightning bolt beside the bot in the Bots module, then click Enter position. The bolt shows only while the bot can take a new position.

Here are a few things to keep in mind when it comes to manually entering a new position:

The bot must be Enabled to enter a new position. You cannot enter a new position if the bot is Disable on Close or Disabled.

The bot will use its configured target strike(s) and expiration on the entry conditions

Any entry filters like max entries per day, day of week, earliest/latest entry time, market conditions, or variables are ignored

You can enter a position manually only while the bot holds fewer than two open positions, whatever its frequency: with one open this enters a second, and with two open you cannot enter another, even if the bot's Maximum Concurrent Positions lets its own entries carry more.

Manually Close a Position

If you have a bot position open that you would like to immediately close, you may do so from your Whispertrades account. Never manually close a Whispertrades position directly from your brokerage account.

To close a current position from your Whispertrades account, view the bot position info, and click the red "Close Position" button at the top (only visible if the market is currently open).

If the bot is busy with another action, such as entering a position, the button reads Bot Busy until it finishes, which takes at most 15 minutes.

You will then be prompted to confirm you wish to close. You can either close part or all of the position. After you confirm, Whispertrades will immediately issue an order to close your position at the best available price.

You can also manually close any position by using the close button next to the position in the position list:

You can also close a position from your dashboard while the market is open. Click the red × beside it in the Open positions module or the Bots module, then click Close position. For a position with more than one contract, you can choose how many contracts to close first. The closing order goes out at once.

Close ALL Positions

If you would like to close ALL bot positions managed by Whispertrades, you can click the Close ALL Positions button at the top of your position listing.

Enter a New Closing Order

To enter a new closing order for a position that you currently have open, view the position at Whispertrades and click "Enter Closing Order" at the top right of the page.

If this bot has a profit target, you'll be prompted to either use the profit target or enter your own price. Once you confirm, your bot will submit a new closing order for your with the designated price and cancel prior orders should there be any.

Adjust Price for Closing Order

You can change the price for a Whispertrades closing order by viewing the order in your Whispertrades account, adjusting the price on screen, and clicking "Cancel & Replace". This will cancel your current order and place a new order with your specified price. This is only available for working closing orders.

You can also quickly change multiple bot orders directly in your order list by typing over the current order prices:

Mark a Position as Closed

As often as possible, you should always let your bot manage positions that it originally opened. If you wish to close a position early, outside of a bot automation, view the position at Whispertrades and ask the bot to close the position (using the "Close Position" button pictured below) instead of closing it on your own in your brokerage account.

In the event that you close a position in your brokerage account, whether intentionally or by accident, you can mark that position as closed at Whispertrades so that Whispertrades knows the exit price and also will not attempt any automations on a position that no longer exists.

To mark a position as closed, view the position at Whispertrades and then click "Mark Position Closed" at the top of the screen:

You'll be prompted for the exit price. Enter that, click Confirm, and Whispertrades will mark that position as closed and not look for or touch any contracts that may remain in your brokerage account. The bot will be ready to enter a new position whenever its entry criteria are met.

Stops on hold

A position whose stops are waiting for prices the bot can trust shows a Stops on hold badge beside its status on your positions list, and a line under the legs on its page saying why: the market is too wide, the quotes are behind the market, or there is no current quote. Once a stop level has been reached during the hold, the line also says for how many checks the bot has not acted on it. The badge clears at the first check whose prices can be trusted. When the reason is no longer known, for example after the close, the line reads Stops on hold: quotes not trusted. See Stops on hold for what each reason means and which stops wait.

Prices behind the market

A position's page can also say Prices behind the market, with the time of its last quote. At least one of the position's quotes was more than 20 seconds old when the bot last priced it, which usually means that contract's quote has not changed for a while. The prices shown are still the latest available, and your stops keep acting on them. If the bot could not trust them, you would see Stops on hold instead.