🎯 How to pick a strike in Copilot

Copilot offers four flexible ways to select option strikes, depending on how you prefer to work — from fast text input to visual exploration and strategy-driven selection.

1. Parse strikes directly from a broker-style quote

If you already think in broker notation, Copilot can automatically extract strikes from a text command.

You can type a quote like:

Copilot will:

• Detect the underlying and expiry

• Parse the strike levels (60 and 65)

• Build the corresponding option structure automatically

✅ Best for fast input, copy-pasting broker quotes, or experienced traders.

2. Manually select a strike from the dropdown

You can constantly adjust strikes manually using the Strike dropdown next to each leg.

This method allows you to:

• Fine-tune individual legs

• Quickly switch between nearby strikes

• Stay entirely in control of each option leg

✅ Best for precise manual adjustments.

3. Choose strikes visually using the Strike Map

Click the Strike Map to the left of the strike field to open a full visual overview of available strikes.

Inside the Strike Map, you can:

• Browse strikes across expiries

• Click directly on call or put prices (other option columns)

• Compare strikes visually across the curve

Customizing Strike Map columns

You can also customize which data is shown in the Strike Map.

Available columns include:

• Call / Put prices

• Implied volatility (IV)

• Delta (call/put)

• Moneyness

• Standard deviation

• Quick delta

This makes it easy to select strikes based on risk, probability, or Greeks, not just price.

✅ Best for exploratory analysis and visual decision-making.

4. Create strikes from the “Select Structure” form

When creating a structure from scratch, you can define strikes relative to market parameters instead of fixed prices.

In the Select Structure form, strikes can be chosen by:

• Delta (e.g. 0.35 delta)

• Moneyness

• Absolute strike value

Copilot will automatically convert these inputs into concrete strikes for the selected product and expiry.

✅ Best for strategy-driven trading and systematic setups.

Summary

Copilot lets you pick strikes in a way that fits your workflow:

• ✍️ Text input — parse strikes from broker quotes

• 🔽 Dropdown — manual, precise control

• 🗺 Strike Map — visual selection with advanced metrics

• 🧠 Select Structure — strike selection by delta, moneyness, or absolute level

You can freely mix these methods while building or adjusting your strategy.