Example Bots

Fully automated trading bots to introduce you to the power of trading with Option Alpha.

WiFly 1DTE $60 Wide

Daily SPX 1DTE iron butterfly managed at 15% profit taking
Plan Overview
  • 1 DTE SPX Iron Fly at 1:30pm daily
  • Short strike at current price
  • Long wings $30 from short strike
  • Profit taking at 15% of the opening credit
  • Minimum reward/risk ratio of 180% and the VIX is below 25
  • Avoid FOMC meetings and CPI releases
Clone Bot
6.4K clones
1,072 comments
180 upvotes

Opening Range Breakout

0DTE ORB strategy based on the 60m opening time period
Plan Overview
  • Combines 2 strategies into 1 plan
  • Trade a short put spread on a bull breakout above the 60m opening range
  • Trade a short call spread on a bear breakout below the 60m opening range
  • Short strike at opposite side of opening range with $15 wide long wings
  • Opening range at least 0.2% wide
  • Latest entry at 12:00pm
  • Avoid FOMC meetings
  • Hold until expiration
Clone Bot
4.4K clones
985 comments
100 upvotes

1:45pm Sandwich

Trades a 0DTE SPX Iron Condor at 1:45pm and holds to expiration
Plan Overview
  • $10 wide 0 DTE Iron Condor at 1:45pm daily
  • Short legs $5 above and below current price
  • Long wings $5 from short legs
  • Minimum reward/risk ratio of 100% and the VIX is below 24
Clone Bot
552 clones
78 comments
24 upvotes

Fly Flyer

Daily Iron Fly that profits when the market reverts to flat on the day
Plan Overview
  • 0 DTE SPX Iron Fly at 10:00am daily
  • Short legs strike price at previous day's close
  • Long wings $10 from short legs
  • Current price is within 1 standard deviation of previous close price
Clone Bot
1.6K clones
228 comments
55 upvotes

Overnight Gamma Scalper

1DTE SPX Iron Fly pinned to the strike with the most gamma exposure
Plan Overview
  • 1 DTE SPX Iron Fly at 1:30pm daily
  • Short legs at the strike with the most gamma exposure
  • Long wings $30 from short legs
  • Current price is within $30 of the strike with the most gamma exposure
  • Minimum reward/risk ratio of 180% and the VIX is below 25
  • Avoid FOMC meetings
  • Profit taking at 15% of the opening credit or $300
  • Close if the SPX price breaches a long wing
Clone Bot
1.6K clones
228 comments
55 upvotes
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* These bots are only examples of what is possible with the Option Alpha platform and not trading advice. Please review our risk disclosure agreement.

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