CORE Long Call Bot (Beginner)

CORE sample bots are a great resource for traders to familiarize themselves with one of the core options trading strategies and how they can be automated through Option Alpha.

The CORE Long Call beginner bot was designed to buy 1 long call option in an uptrending security with a short-term price reversal.

Bot Overview

• Symbol Traded: SPY
• Position Size: 1 Contract
• Max positions opened per day: 1
• Max total positions at one time: 1
• Exit is at 25% profit or 5 days to expiration

This is a beginner bot, as you learn more about autotrading, consider making two clones of this bot and leave on precisely as it is to learn from and then work to modify a version of it by changing some of the settings and/or different decision blocks for entries and exits.