Galal Buy the Dip - Trendy Short Put

This is a modified Trendy Short Put Spread that allows you to open Short Put Spread on more than 1 symbol and up to 4 positions and up to 2 Hedges per symbol. It's currently configured for SPY and QQQ and merges the Deep ITM features of Simple Trend w/ Options bot and Trendy Short Put Spread both originally designed by Kirk.

Features:

- Buy the Dip filter checking  5 SMA today < 5 SMA 2 days ago AND Price above 200 SMA

- Ability to open more positions per symbol

- Deep ITM Delta (-0.30), which is very similar to Simple Options bots that has produced 101% since April.

- Like the original, checks for Open Interest, and Bid/Ask Spread, but those are configurable inputs ($0.05 for SPY and $0.20 for QQQ)

- Inputs for Delta, DTE, Open Interest, Bid/Ask Spread and Risk Amount.

- Hedge checks for < 2 open positions with double indirection on Short Put breach w/ Short Call $5 above Short Put, and Long Call $5 above Short Call

- Additional decision to collect 50% of premium if 2 days to DTE

- Opening and Closing checks now include Symbol also to treat them separately.