This bot requires a $5,000 allocation to fully fund all 10 positions.
The premise is selling short term Iron Condors the day before Earnings, and take advantage of the IV Crush to bring in profits. Implied Volatility typically rises in anticipation of Earnings, raising overall options prices. Immediately following Earnings, the Implied Volatility drops, since the uncertainty of the Earnings call is now known. A drop in options pricing is profitable to options sellers, so we're going to take advantage of that, and use the Watchlist to see all upcoming Earnings.
The ideal setup is to use Events rather than scanners, as you can schedule your entry into dozens of tickers weeks in advance, rather than constantly updating scanners. Here's when I schedule my events for:
AM Earnings: Market open the day before Earnings
PM Earnings: Market open the day of Earnings