To The Moon

Being a beginner at options trading, I don't like staring at my screen every night for 4 hours straight looking at rows and rows of numbers, just to get into a call option and watch it tank 50% within the next hour. So since I am better at coding than i am trading, i decided to create an options trading bot. So here's how it works:

First, I feed the bot a list of stocks i want scanned. The bot will proceed to calculate the RSI14 value of each stock to find the most oversold ones. Then it will pick out those oversold stocks within a certain period and find a put option that has -0.3 delta and is quite far OTM and at least 30 days out expiration. Then it will sell that put. Since the stock is oversold, the premiums are very rich, and I'll just simply hold that put till the stock stabilizes or goes up. The bot will keep track of sold puts and when the price of the stock has gone back up, the option price is likely to dip, which will net me a profit. The bot will be aware of this and quickly close the order, netting me a healthy profit.

So how much have I made? Well, it's still too early to say, as I am only about a week into testing on a demo account, but so far it's looking really promising, with many trades turning a profit, like these ones here:

Why am I doing this? I'm doing this just to simplify my options trading career so I don't have to stay up all night every night.

So what's next for this? Where am I going from here? Well if there is enough demand, I might put this up commercially and anyone can download and use the bot. I am also thinking about taking custom orders for specific bots that people want me to make, so if you are interested in seeing more or maybe want to request a bot for me to make, don't be afraid to follow and comment down below! Thanks!

@TigerEvents@TigerStars