What's New in Option Alpha

July 2024

Find and backtest 0DTE and next day trades

0DTE Oracle is a new tool to find 0DTE and next day trading opportunities.

  • Presents a list of actionable trade ideas backtested against the underlying's previous 1 year of intraday minute data
  • Run custom backtests based on market conditions, underlying metrics, technical indicators, FOMC events and day of week
  • Trade SPX for cash settlement and favorable tax treatment
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Backtested trade ideas for earnings reports

Earnings Edge provides a unique math based approach for trading earnings reports that helps find opportunities based on historical post earnings price moves.

  • Visualize post earnings price moves and trade outcomes
  • Organize trading opportunities by date of report, symbol, or strategy
  • Choose your own earnings trade and backtest it against 5 years of earnings data
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Integrate Option Alpha with other platforms and services

  • Use webhooks to expand bot functionality in unique and creative ways.
  • Trigger trades and automations using custom trading signals, technical indicators, email alerts, etc
  • Example implementations for TradingView, Zapier and Python

Learn more about webhooks.

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Additional updates worth mentioning...

  • All dates and times displayed in EST time zone consistently
  • Market clock displayed in bottom left corner of the app
  • The leg selector in the "New Position" screen now automatically scrolls to display the selected strikes
  • Fix for automations hanging when the "Opened Position" input is used in an unexpected way
  • Fixed issue when using "Symbol of position" within a position loop
  • Fixed the formatting issue for Bot total delta decision recipe

What's New - July 2024

July's release features the 0DTE Oracle and Earnings Edge, two new ways to find backtested trade ideas. Plus, the addition of Webhooks increases flexibility for traders.
Trade with Conviction
Find an edge backtesting 0DTE and next day strategies using 1 minute data then leverage automation to execute your strategy better than humanly possible.
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