What's New in Option Alpha

New trade controls, Price Target exit option, assignment detection, position sizing options and more

New controls added to the position screen while a trade is active

Pause at the current price for 15 minutes
Move forward to the next price
Quickly cancel and retry with existing trade settings
Bid/ask and mid price are displayed while the trade is executing so you can see if you need to adjust trade pricing

New Price Target exit option

Automatically close positions when the price reaches your target price. Like the Profit Taking exit option, your bot will not trade for a price worse than your target price.

Auto detect missing and/or assigned positions and receive a notification

Added Option Alpha Pulse

An experimental new screen in OA Labs to stay up to date with the trading activity within the OA platform. Visualize current sentiment and find new trade ideas by reviewing the trending trades made over the past 3 days.

Progressive position sizing in bots and the backtester

Use negative and positive progression strategies to maximize profitability.

Set a maximum size for positions based on a % of capital in bots and the backtester

Additional updates worth mentioning...

Check a bot's winning or losing streak in a decision
Added NVRP to the opportunity decision recipe
New decision recipe to check a symbol's liquidity in an automation
New decision recipe to check if a position has been open more than / less than x minutes
New decision recipe to check if bot already has a position with a matching expiration
Filter by symbol on "Open Positions" screen
Added underlying price at open/close to the position screen
Added a new bot safeguard to block PDT within a bot
New columns added to the main bots list

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.

Learn more

Try It for Free