90 Delta Call Synthetic Manager (ZEBRA)
This is my first bot, so of course I wanted to try to make a synthetic backratio spread which is itself a synthetic long stock position. The Zebra Spread is a usually 2 long calls at .70 Delta and 1 short call at .50 Delta for each contract. When looking at an options chain, the structure is often built by selling the at-the-money call and buying twice that amount of calls at the strike closest to half the extrinsic value of the short legs instead of Delta.
The scanner on this bot looks for a monthly expiration at least 45 days out and opens a debit spread with 33% of its available funds. A monitor is used to purchase long calls with 66% of available funds in the following interval. Some funds will not be allocated allowing a cushion during draw-down periods.
There is an bot-level input variable for underlying security, and I was thinking on a 1 bot per position sort of arrangement.