Recent content by Steve G

I am not very good at all of the details of using Bot Logic when you stray from the basic operations - BUT, I absolutely think this could be done by opening 2 separate spreads and then using "Bot Level P&L" to monitor the trade for when to close it. Bottom line, this link will give a free trial...

Norm - great to hear from here. I just did an update video on this for some my students and put it on Youtube and you can check it out here:

I admittedly have not traded it long enough to verify fill issues aside from the one trade I ran side by side with SPY - BUT what I did see is that on a crazy market swing day, the SPY P&L for my butterfly might waver up and and $100, while the XSP P&L could waver over $1,000 (and this was only...

As a professional income trader and coach - here are my thoughts on the current market and how trade options position in it.

Here is how I adjust a Long Term Hedge Trade in my IRA account.

Yes, I believe commissions are essentially the same, so you would 10X your commissions to equal 1 SPX. The ONLY reason someone might consider it would be if they were learning, or their account size could not handle SPX. If you are an experienced SPX trader, there would be NO reason to...

Butterflies are my "Go To" Trade for monthly income and here is one I opened 2 days ago along with the detailed video explanation: And here is an update on the trade 2 days later where I am stripping out 5 of my 30 SPX flies for 7+% profit: For more info on butterfly trades, be sure to look...

Many professional traders (myself included) trade the SPX index as our main trading vehicle for a number of reasons including the fact that it is CASH SETTLED (so no assignment to deal with) AND it has a favorable Tax status in the US AND it is a larger notional product so you have to trade...

Many professional traders (myself included) trade the SPX index as our main trading vehicle for a number of reasons including the fact that it is CASH SETTLED (so no assignment to deal with) AND it has a favorable Tax status in the US AND it is a larger notional product so you have to trade...

Many professional traders (myself included) trade the SPX index as our main trading vehicle for a number of reasons including the fact that it is CASH SETTLED (so no assignment to deal with) AND it has a favorable Tax status in the US AND it is a larger notional product so you have to trade...

To be clear, this is NOT a bot that I built, it was one shared by one of the thousands of traders sharing their bots on the platform, I simply cloned and paper traded it for a period of time until I was comfortable with it and then took it live. This bot as well as hundreds of others are shared...

This brief video and link to one I built and still trade are below: https://www.loom.com/share/c879bb36760a4e5aaae46df7e525adbb https://app.optionalpha.com/community/templates/post/-jl-super-bull-9-21

When I worked at OA I shared all of my bots and you can find my profile and follow me and that will share those bots with you - but to be clear, that 0DTE is NOT mine and there are a number of people that have developed them in the community. This one was created by someone named Lealwai as I...

The very first closed trade was a loser unfortunately.

Hello All - I have traded this 0 DTE trading bot for over 1 year in paper and really likes it's results so started trading it in SPY 2 weeks ago and thought I would share my LIVE trading results. This bot OPENS, adjusts and closes all trades without my intervention at all - I don't even need to...