The Target Strike allows you to specify the exact strike price you want the auto trader to use. This gives you full control over strike selection, rather than relying on offsets, or delta.
Example:
If you input a Target Strike of $95, the auto trader will select the $95 strike, regardless of where the underlying is currently trading.
When to use: Use this method when you want precise control over the strike you're trading—ideal for advanced strategies, technical setups, or when targeting specific support/resistance levels.