Interactive Brokers - add multiple target orders to a bracket order

[def]

This is an extremely useful method which I have been using for some time.
I have just one question.
To 'scale-out' of Options positions, is the Price Increment part relative to the Option price, or underlying Ticker price?
Thanks!

It should work just like the stocks. I'd suggest you try it in the paper trader to make sure it works as you expect and give an opportunity to refine your settings.

 

[propaspaz]

Following on from the valuable posts added here, does anyone have any ideas/advice on how I might be able to scale in/out of a position based on a percentage of current share/position size,

e.g. sell 50% of current position size based on a 2% increment from initial entry price,
then sell another 35% of remaining position size based on a 2.7% increment from initial entry price,
and then sell the remaining 25% of the remaining position size based on a 3.5% increment from initial entry price.

If anyone can post a solution, ideally, with screenshots, it'd be greatly appreciated.