Automated scanning for entries and position monitoring for exits.
Hybrid, semi-automated strategy
Uses custom buttons and actions alongside bot automations.
Trade paper or real money
Try risk-free paper trading or connect your brokerage account to trade live.
Setup to trade the following strategies
Short Put Spreads, Short Call Spreads
Manages multiple ticker symbols
Trades a basket of tickers you choose to automate diversification
Focused trading in one ticker
Trades multiple positions in one ticker for targeted customization.
No coding required, 100% customizable
You can easily modify this bot template to fit your exact needs or trading style.
About this template
This bot looks to regularly sell short-put spreads at the open when in an uptrend and will also sell short-call spreads to add protection to the outstanding put risk.
The Calls are solely designed to offset the outstanding risk of my Put Spreads.
Updates from V1:
1. Realized I was mistakenly opening debit put spreads and not credit put spreads. 2. Realized I was using an additional input inside of the calls monitor, which was throwing an error because I was not using the Position input supplied by the repeater.
Update 3/19 - Pushed the inputs to the bot-level settings for easier customization. Update 4/14 - Rebuilt the short put monitor and changed the call hedge to be a contract vs. an allocation %
Learn more about the options strategies this template could trade: