Fully automated trading strategy

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

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.

100% customizable template

You can easily modify this bot template to fit your exact needs or trading style.

About this template

Top Companies Put Spreads is focusing on the top 10 companies by market capitalization in the United States (excluding Berkshire Hathaway). The bot operates on the belief that these industry leaders have consistent potential for profitability, regardless of market conditions.Using a combination of short put spread options, with a -0.95 delta short and a -0.50 delta long, Top Companies Put Spreads aims to adopt a bullish stance on these high-market-cap companies.

Backtesting has been conducted to validate the effectiveness of this strategy using the same -0.95 delta short and a -0.50 delta long 90 DTE settings for various companies.

To manage risk, the bot consolidates the top 10 tickers into a single, unified approach. This diversification strategy is intended to provide a smoother investment experience by spreading exposure across multiple industry leaders.

It's important to note that implementing Top Companies Put Spreads requires a significant initial investment, with a minimum of $20,000 recommended due to the costs associated with certain options, this ensures the ability to execute trades effectively. Additionally, it's advisable to switch out the tickers every quarter based on the latest rankings of the top companies by market capitalization in the USA. You can refer to resources such as https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/ for up-to-date information on the top companies.

However, it's crucial to exercise caution and consider the associated risks, Top Companies Put Spreads carries inherent volatility and while the bot offers potential for profit, it is not immune to market fluctuations, and adverse economic conditions could lead to losses. Additionally, please be aware that I don't intend to take this bot live; it was created purely for experimentation and enjoyment. However, if a version with similar diversification but requiring less capital were to be developed, I would consider taking it live. Please mention me so I can see it.

BIG DISCLAIMER: FOR THE LOVE OF EVERYTHING HOLY, PLEASE DO NOT LIVE TRADE THIS BOT. THIS IS A HIGH-RISK BOT, AND ONE BAD QUARTER IN THE ECONOMY CAN WIPE THIS OUT COMPLETELY.