Strike count

The number of strikes to request from the broker. For example, if you request 12 strikes, the broker will return 6 in the money and 6 out of the money. The minimum value is 2, the maximum is 20 and the default is 12.

It is important to return enough of strikes from your broker. There is risk in not being able to select a contract if you do not return enough strikes. For example, if you only return 2 strikes and at the time, both contracts returned move out of the money and you want in the money contracts, then no contract will be selected and the trade will be rejected.

You can override the configured strike count in your strategy settings by providing the strikeCount field in the webhook payload.

{
    "ticker": "TSLA",
    "action": "buy",
    "strikeCount": 6
}