Hello all,
I am looking for a program to automate my option trades. I would like to set the trades for the day in the morning. The specific need would be to have the system to buy ATM options (or next closest) at a specific time and sell/close at a specific time. This would be done 2-5 times per day. for example:
9:33 am - XYZ is 14.62. Buy $14.50 Call options. 10:45 am close position
10:45 am- XYZ is 14:86. Buy $15.00 Put options. 11:54 Close position.
etc.
The only variable is the option contract which is derived from the underlying. The time, option type, and amount would be determined at the beginning of the day for all trades that day.
Are there any programs that you would recommend? I use Interactive Brokers.
Thanks
I am looking for a program to automate my option trades. I would like to set the trades for the day in the morning. The specific need would be to have the system to buy ATM options (or next closest) at a specific time and sell/close at a specific time. This would be done 2-5 times per day. for example:
9:33 am - XYZ is 14.62. Buy $14.50 Call options. 10:45 am close position
10:45 am- XYZ is 14:86. Buy $15.00 Put options. 11:54 Close position.
etc.
The only variable is the option contract which is derived from the underlying. The time, option type, and amount would be determined at the beginning of the day for all trades that day.
Are there any programs that you would recommend? I use Interactive Brokers.
Thanks