Galal Simple Trend with Options
Adaptation of the Macro Trend Bot that trades Credit Spreads instead of Stock.


Summary
This bot is modeled after the Macro Trend Bot but trades Credit Spreads instead of Long Stock. It uses a 200 Day SMA to set the trend direction and has additional decision checks for Available Capital, Option Availability and Daily Position count.
Short Put Spreads are set at 30 Days to expiration, -.30 and -.10 delta with normal SmartPricing and 20% of bots net liquid per position. The bot will close positions at a 50% profit target and can trade SPY and QQQ.
Related
Options Level
Level I StrategyEstimated Duration
~30 days on avgComplexity Level
BeginnerPrimary Strategy
Put Credit SpreadAutomation Types
3Expected Frequency
~3 positions per dayTemplate Creator
@mgalal