Profit Targets

Updated Nov 9, 2026

After assigning a profit target to your bot, the bot will immediately enter a GTC limit order to close your position at your designated profit target level. This is a standing order that will sit in your brokerage account, waiting for a fill. If you do not specify a profit target for the bot, the bot will not enter a standing order to close the position and will instead hold to expiration or exit or stop early if you specify another exit condition.

Profit Target Percent

If you would like to close the position at a certain profit target, you may enter that here. When a profit target is set, the bot will enter a closing order for the position immediately after it is entered. The bot will manage that closing order until the position is closed. You should not manually adjust the closing order from your brokerage account, or the bot may stop working.

Changing the profit target on a bot will not adjust any currently working orders for open positions. Any open positions will continue to use their original profit target. If you wish to adjust the price on a closing order that is currently working, you can do so by viewing the order at Whispertrades.

Premium Value

If you would like to close the position at a certain premium value (price), you may enter that here. When a premium value is set, the bot will enter a closing order for the position immediately after it is entered at exactly the price that you specify. The bot will manage that closing order until the position is closed. You should not manually adjust the closing order from your brokerage account, or the bot may stop working.

Changing the premium value target on a bot will not adjust any currently working orders for open positions. Any open positions will continue to use their original premium value target. If you wish to adjust the price on a closing order that is currently working, you can do so by viewing the order at Whispertrades.

Maximum Profit Percent

Debit spreads have a maximum total profit potential, achieved only at expiration if the debit spread expires at max width. If you wish to enter a profit target based on a percentage of the total maximum you can achieve of that debit spread, you do that here.

If you trade a 50-wide debit spread for $10, the maximum total profit that you can receive is $40. If you want to exit at, say, 90% of the max profit, you’d enter 90% in this field, and your bot will use a profit target limit order of $46. This will close early if the debit spread hits $46, netting total profit of $36, which is $4 short of the maximum total that you could achieve at expiration.

This is also only available for debit spreads.