Why does my Order Preset for Options require a correction?

A Trailing Stop Limit order is designed to allow an investor to specify a limit on the maximum possible loss without setting a limit on the maximum possible gain. A "Sell" Trailing Stop Limit moves with the market price and continually recalculates the stop trigger price at a fixed amount below the market price based on the user-defined "trailing" amount. The limit order price is also continuously recalculated based on the limit offset. As the market price rises, both the stop price and the limit price will rise by the trail amount and limit offset respectively, but if the stock price falls, the stop price will remain unchanged. When the stop price is hit, a limit order will be submitted at the last calculated limit price. A "Buy" Trailing Stop Limit order is the mirror image of a sell Trailing Stop Limit, and is generally used in falling markets…

Stop orders are triggered when the market trades at or through the stop price (depending upon trigger method, the default for non-NASDAQ listed stock is last price), and then a market order is transmitted to the exchange.  A buy stop is placed above the current market price.  A sell stop order is placed below the current market price.  Stop orders may get traders in or out of the market.  The risk associated with stop orders is that they do not guarantee a price.  When a buy stop order triggers, the market order is transmitted and you will pay the prevailing ask price in the market when received.  When a sell stop order triggers, the market order is transmitted and you will pay the prevailing bid price in the market when received. …

If you get the message that states "There is an issue with the following value(s) in your STK order Preset that requires correction: Primary Order - Limit Price" then you need to change the Limit Price setting in IBKR Mobile. From the IBKR Mobile app, tap on the More menu and select Configuration. Tap Trading Settings and select Stocks. Tap Primary order and make a selection in the "Limit Price" menu. Please note it cannot be set to "None", so select any other choice and, once finished, tap Done.  You may now navigate back to the Trading screen…

You can attach one-time adjustments to stop, stop limit, trailing stop and trailing stop limit orders. When you attach an adjusted order, you set a trigger price that triggers a modification of the original (or parent) order, instead of triggering order transmission…