Pre-Earnings Run

I had shared a previous version of this bot in the community and while it is still OK, this is an enhanced version using Smart Stops and Bid/Ask spread filters that were not available with the first one was built - but I figured I could leave them both out there.

Here are my notes from when I built the first one:

As we are quickly heading into earnings season - I wanted to share this particular bot designed to take advantage of stocks (and their respective options) that tend to run up into earnings.

If/When a stock runs up into earnings, the long calls not only go up in value usually in line with the stock, BUT as IV increases into earnings, these long calls will often gain value at a FASTER rate than the underlying stock.

This bot is a variation on the Pre-Earnings Equity bot that I built and shared a few weeks back - which you can see here: https://app.optionalpha.com/community/templates/-bull-equity-pre-earnings-run-3

This bot is designed to enter long call positions on stocks that I have identified as having historical run-ups in the two weeks prior to earnings.  I would identify this pattern by simply looking at stock charts and looking at a stock's historical activity prior to earnings and when I find some that have had historical run ups - I add those symbols to my automations.

I could clone this bot and make a number of them to each handle 5 symbols, or in my case, I just come in and swap out the symbols every 2-3 weeks - a case could be made for doing it either way.