The Daily Bear

First things first, is the red icon a bear? Closest I could find... 😂

So I'm trying to find fun uses for my "Profit Taker w/ Increasing Trails" monitor...

This bot opens a long put debit spread on SPY every morning (0DTE, .40-.30 deltas, 10% of net liq) and takes whatever profits it can throughout the day, and closes at 3:45pm if hasn't closed for a profit or hit stop loss.

Results after 17 days:

You can toggle if you want the monitor to be aggressive (15% or higher profits) or start looking to take profits even after 1%.

If this bot catches a fast and major downward move in SPY during the day, you could double/triple your premium paid that day.

P.S. There's a switch in the scanner to put the bear to sleep when market conditions change.