Reverse
Reverse flips an open position to the other side in one click. When it's turned on for a strategy, a Reverse button appears on that strategy's active trade cards. Pressing it market-closes the option you're holding and immediately opens the opposite direction on the same ticker — a call becomes a put, a put becomes a call — sized by that strategy's normal rules (with the same take-profit / stop or trailing exit it uses for any entry).
You'll find the switch on the Strategies page, in a strategy's Risk & Orders tab under Reverse. It's off by default (a flip is a deliberate move, so nothing shows up until you opt in), saved per strategy, and takes effect right away — no restart needed.
Which strike does the new side use?
The new strike is anchored to the strike you're holding, set by the Reverse Strike Offset:
- 0 (default) — same strike, opposite side. Holding a SPY 760 call → reverse to a SPY 760 put.
- +N / −N — step N strikes along the option chain. The sign is read for the new option: + moves up for calls / down for puts, − moves down for calls / up for puts.
Example
You're in a SPY 760 call. With offset 0, Reverse opens the 760 put. With +2, it opens the 758 put. With −2, it opens the 762 put.
The offset counts strikes on the real option chain, so it respects each ticker's strike spacing. Offset 0 works everywhere; a non-zero offset needs the live chain, so it isn't available in paper trading (use 0 there).
If something goes wrong
Reverse checks everything it can before it closes anything — if the flip can't proceed (killswitch active, not enough buying power, a strike that isn't listed), it's turned away and your original position is left untouched. The one case it can't fully prevent is the broker rejecting the new order after the old one has already closed — if that happens you'll be left flat on that ticker, and the app tells you so with a clear warning so you can re-enter by hand.
Automate it with a webhook
Reverse also works from the bring-your-own webhook: send your normal trade-signal payload with "action": "reverse". You can optionally include an explicit strike (which skips the offset) and a limit price (otherwise it's a market entry). See Webhook for the full payload.
On the Backtest page
The Reverse switch also appears on the Backtest page so it saves and loads with your copy codes alongside your other settings. Note that Reverse is a live, click-it-yourself action — there's no button to press in a historical replay, and off-offset strikes were never alerted so they have no historical prices — so the backtest carries the setting but doesn't simulate the flip. See Backtest.
Tip
Reverse only decides how you flip a position. Your Profit Target & Stop-Loss and every other exit rule still govern each trade on its own.