Default Offset Amount

An offset amount is the amount off the current price used for the order. Using the default stop offset amount of 1.0, a bracket order with a price of $50.00 would create high side and low side orders at $51.00 and $49.00.

To modify the default offset amount

1. On the Configure menu, click Order and then click Order Defaults.

2. In the center pane, select the instrument type for which you want to modify offset amounts.

3. In the Default Order Sizes and Offsets area in the right pane, you can modify the Stop Offset, Trailing Amount, Relative Amount and Discretionary Amount.

NOTE: To set a default offset for a specific contract rather than an instrument type, select an instrument type and click the Add button at the bottom of the instrument type list. Enter an underlying symbol and click OK.

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