For the love of trading

My automated SPX 0DTE options day trading strategies using backtesting, ORB, and gamma exposure. Learn how to build a disciplined 0DTE options day trading system based on data and why bots help me execute consistently and efficiently.

Updated trade analysis and tracking, backtester enhancements, new bot decisions + search capability and more.

Historical Gamma Exposure charting, new GEX decision recipes, and other requested updates.

Gamma exposure backtesting + automation, more ORB symbols, stop loss $ exit option and more

Instant Exit Options, Gamma Exposure, new bot decisions and more

These are the 5 best practices every options trader needs to consider when transitioning from paper trading to live trading.

Learn how to trade the opening range and discover how to backtest and automate 0DTE opening range breakout options trading strategies.

Opening Range Breakout features, profit target exit option, combine backtests into a single strategy, and more.

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

Filter Trade Ideas by profitable live trading results, NVRP, legs by Expected Move, and more.

February's platform release includes the ability to select position legs by price, Schwab support, new VIX decisions, backtester enhancements, and more.

Schwab is now available for live trading access! Connect your Charles Schwab account to Option Alpha today and start trading.

November's platform release features new enhancements to the 0DTE backtester, customizable automation scheduling, and new decisions for VIX and overnight gaps.

New SmartPricing settings give us more control by allowing us to select multiple options when choosing a Final Price setting so we can automatically use the best price.

Option Alpha's 0DTE backtester includes detailed trade logs to better understand if and why any positions were filtered out of the backtest’s results.

Backtestx include max risk and max drawdown stats to help traders evaluate strategies when comparing backtest results.

The 0DTE backtester includes monthly trade logs to visualize every position's details, giving you full transparency and the confidence of past trade performance.

Combine multiple 0DTE and next day backtests into one portfolio P&L curve to visualize and analyze the cumulative performance of different strategies.

The October 2024 platform release introduces a new Exit Option to manage in-the-money trades, and the ability to backtest positions using ITM values.

The all new 0DTE and next-day backtester lets traders include slippage for entering and exiting positions when backtesting strategies.

Instantly turn any 0DTE or next day options backtest into an automated bot that trades the backtested strategy's exact entry and exit criteria and position settings.

October's platform release features an all new backtester to compare and combine 0DTE and next day trading opportunities with 1 minute historical data.

SPX 0DTE trading has become increasingly popular since the Cboe introduced them. We analyzed 0DTE 2024 volume trends and the evolution of 0DTE options.

Use the VWAP indicator and Option Alpha webhooks to automatically enter positions based on crossover and mean reversion trading signals.

Is the FOMC announcement bullish or bearish? We analyzed SPX data around Fed days to see if there’s a tradable edge for 0DTE and 1DTE options.

As 0DTE continues to grow in popularity, we explore the benefits, myths, and risks of 0DTE options trading. Plus, we'll look at why traders favor SPX.

Wondering how fed rate cuts might impact markets? We looked at past rate-cut cycles and discuss how options traders can take advantage of the coming volatility.

With the popularity of 0DTE, traders are flocking to options assuming prices decay at the same rate all day. But is this actually what happens? Let's see.

The August platform release gives us the ability to auto-trade backtested 0DTE opportunities from the 0DTE Oracle; plus major improvements to bot building.

See how community member Andy transformed his workflow by combining iOS Shortcuts with webhooks for seamless, on-the-go bot control.

Our newest research analyzes the intraday SPX historical prices to see where the market "pegs" certain ranges from different times throughout the trading day.

Based on the popular TTM Squeeze, the Squeeze Indicator combines Bollinger Bands and Keltner Channels to signal potential breakout opportunities. Use webhooks to trigger automations and automatically open positions.

Option Alpha's July platform release includes 0DTE Oracle, Earnings Edge, and Webhooks. Discover new ways to find options trades and automate trading signals.

Earnings Edges gives traders a math-based approach to find backtested opportunities based on historical price action post-earning.

0DTE Oracle is a new tool that helps us find and analyze 0DTE and next day trading opportunities.

Learn how to write a Python script to run a custom Linear Regression Slope indicator and trigger automations in Option Alpha.

Webhooks allow us to connect our Option Alpha account with TradingView alerts to automatically trigger an automation using custom indicators.

Use webhooks to connect your Option Alpha account to your email service to automatically trigger automations using email-based trading alerts.

Webhooks allow us to connect our Option Alpha bots to external platforms and trigger automations using custom trading signals, technical indicators, email alerts, and more.

We're excited to shine a spotlight on Keith, an experienced and generous trader committed to helping and supporting others in the Option Alpha community.

Option Alpha's May platform release focuses on actionable options pricing data for more confident trading, interactive payoff diagrams, and key earnings stats.

AAPL reports earnings Thursday, May 2nd. Analysts estimate AAPL will beat expectations with earnings growth of $1.40 EPS on $84.12b revenue.

AMZN reports earnings Tuesday, April 30th, after the market closes. Analysts estimate earnings growth with $0.83 EPS on $142.48b revenue.

TSLA reports earnings Tuesday, July 23rd, after the market closes. Analysts estimate earnings growth with $0.60 EPS on $24.19b revenue.

April's release includes Scanner updates, new Trade Idea filters, upgraded event calendar, improved bot watchlist filters, bot groups, new decisions, and more.

Analyst projections for 8 major bank stocks reporting Q1 earnings this week, plus key stats and historical performance from the last five years announcements.

DAL reports earnings Wednesday, April 10th, before market open. Analysts estimate earnings growth with $0.35 EPS on $12.94b revenue.

The Final Four kicks off this weekend, so we took a data-driven look at the NCAA March Madness bracket and options trading to uncover what has higher EV.

The new 'Tagged Symbols' input enables us to loop through our tagged symbols inside an automation and link the input to a Find Trade Idea action.

The newest platform release makes it much easier to update our cloned bots to the newest template version inside the bot's settings.

Evaluate your bot position's aggregate beta weight, beta exposure, and total delta in real-time with new decisions that improve automated portfolio management.

Create and share multiple custom watchlists that can be used throughout the platform, including in Bot Symbols. With Bot Symbols, bots sort and filter the selected watchlist automatically before every scan to produce a list of symbols.

We've released a brand new decision to compare a position's breakeven price to the underlying symbol's current price.

A new setting enables traders to schedule scanner automations on specific days and times for increased control when running bots.

Option Alpha's new platform release features OA Labs with earnings stats and price forecasting, plus new decision recipes, bot updates and more.

The new platform release includes personalized and shareable watchlists, custom bot symbols, bot portfolio decision stats, updated UI, and more.

We use Super Bowl LVIII betting odds and historical results to highlight the similarities between sports betting and options trading.

Supercharge your bots to scan a 25 ticker custom watchlist and manage up to 25 positions automatically so you never miss an opportunity.

You can now toggle your automation switches directly from the bot inputs window in your bot's settings. Quickly and easily turn your switches on and off with one click.

It's now incredibly easy and efficient to quickly reset your bot's symbols and tags directly in the bot dashboard.

Three new decision actions give you the power to check your position's moneyness -- and by how much it's in or out of the money -- inside any automation.

Option Alpha's January platform release includes all-new supercharging, options moneyness decision recipes, and more user-friendly updates traders will love.

Our newest research analyzes the accuracy of probabilities across varying sample sizes to help options traders better understand how probability theory impacts success.

Two new decision recipes enable traders to check bot and position beta weight for dynamic portfolio management.

The new bot archive function lets you keep bots in your autotrading portfolio and restore them, including all their position history and automations.

A new setting lets you control how many Exit Option order attempts can be sent to your broker in a day, to help avoid being labeled as a professional trader.

Use beta weighting for your bots and positions to give you a powerful new way to manage your options portfolio inside Option Alpha.

Option Alpha's December platform release includes bot and position beta weighting, debit spreads added to Trade Ideas, bot archiving, symbol tags, and more.

Trade Ideas now includes sortable columns for a position's beta and delta, as well as a beta weight metric that shows how the position will impact your portfolio.

Trade Ideas action now includes debit spreads to automate long call spreads and long put spreads inside your bots.

Option Alpha's Trade Ideas now includes debit spreads to give options traders thousands of more trading opportunities when looking for positions.

We analyze the stock market's historical December returns, examine the factors that influence prices at the end of the year, and look ahead at the 2024 stock market outlook.

We analyzed more than 1.7mil Trade Ideas across various days to expiration in November 2023's volatile market to uncover key insights about the performance of Expected Value and Alpha.

Join the options trading community in advocating for a change in the minimum SPX options bid increments from $0.05 to $0.01.

XSP, the Mini-SPX Index Option, is now available for autotrading with Option Alpha.

tastytrade is now available for live trading access! Connect your tastytrade account to Option Alpha today and start trading.

We explore if options probabilities remain predictive throughout a trade's duration to determine if probabilities are always valid, no matter the moment in time they're calculated.

Manual position closing now includes the ability to exit only the short legs of spreads and partially close multi-contract positions for increased trade management.

You can now customize your Trade Ideas, Bots, Positions and Screener columns to display the key information you want to see.

The open and closed position pages have been updated to display more of the essential details traders want to see. Plus, the stock's last price is now colorized to quickly show a position's moneyness.

A new decision recipe allows traders to compare key position stats such as EV, Alpha, and more to give you more control of position management.

We’re pleased to announce that together we have crossed a huge milestone in live options trades.

Option Alpha's October platform release includes enhanced position management controls, customizable columns, and all-new updates to display key trade details.

Option Alpha is thrilled to finally spotlight one of the most unique and passionate trader who embodies the spirit of camaraderie and enthusiasm, Lee.

Our newest research blog explores Alpha, which measures return on risk using Expected Value. We analyzed 960k trades on 155 tickers to determine Alpha’s accuracy.

This study examines the Black-Scholes-Merton model's flexibility in calculating expected value. We explore how this formula allows us to calculate probabilities and expected values in multiple ways, and we’ll compare the different methods to show why Option Alpha uses historical volatility.

We share the three EV calculations you can use with the information available in any brokerage platform and compare the methods to determine their accuracy.

Option Alpha traders are eligible for a free Pro account when you connect a qualified TradeStation account.

We analyzed 130k Trade Ideas positions to visually compare each trade's realized P/L to its Expected Value at trade entry.

Trade Ideas now includes a filter option leg open interest. Plus, you can also filter to see the most popular Trade Ideas in the community.

Trade Ideas ‘Presets’ lets you save one or more filters to quickly view all potential trading opportunities with your favorite settings.

We analyzed 230k 0DTE options trades to determine what successful Option Alpha traders are doing and the key metrics that influenced profitable strategy setups.

Analyze your trading performance and filter live or paper results by strategy type, ticker symbol, account, bot, and tags for in-depth portfolio analysis.

A new calendar displays key dates and market events to give you all the essential information you need before entering a trade.

Export your bot data to easily analyze and compare closed position performance history.

We are very excited to spotlight one of the most inquisitive and fearlessly engaging members in the Option Alpha Community, Pen.

Top Strategies makes it easier than ever to find the best-performing option trading setups using historical data from the Option Alpha community.

Option Alpha's newest platform release introduces Trade Ideas 2.0, including autotrading, EV and Alpha calculations, top strategies, a bot leaderboard, and more!

We've enhanced the Open Position screen to include Expected Value (EV), Alpha, and more probabilities.

There's a new leaderboard that tracks the top performing bots shared in the Option Alpha community to help you discover new ideas and strategies.