Now that debit trades are available in Trade Ideas, we now also have the ability to use automation to find debit spread trades. The ‘Find Trade Idea’ action has expanded to include debit spreads.
This is another huge step forward for the option trading community. Debit spreads give us a whole new level of customization inside our automations so we can dynamically react to market conditions with the power of bots.
For example, use a simple IV rank filter to open a credit spread or debit spread based on the ticker’s current volatility.
You can choose to open long call spreads or long put spreads and input your variables to tell the bot exactly what criteria you want to prioritize. Or, let the bot find the best available debit spread trade using your preferred ranking metric.