Option Alpha

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@txbgould 10 сағат бұрын

Thanks for your transparency. Sequence of returns is such a key to how these strategies play out.

@blueresonantmonkey3188 12 сағат бұрын

🎉🎉🎉🎉🎉

@3000Toon 12 сағат бұрын

I have been testing 0-1DTE the hard way for at least a year. Thanks for the back tester 👏🏾

@geekyvibes 3 күн бұрын

OA Founders Why is it so hard to add Long IronCondors or Long Iron Butterflies?!!! All the community are asking for it for years now and still not added in the platform!??!?!? Please give us an update. I am a premium subscriber.

@ethanpatel3622 6 күн бұрын

Like your shirt sir!

@FUNNYMANERICWHITE 7 күн бұрын

Thank you 🎉

@johnpanackal4704 7 күн бұрын

great video. I ahd the membership for a while and never used it properly. do you have suggestion for how to start using the system for manuel and auto trading> do you trade symetrical butterfly 0DTE?

@shuaili5334 10 күн бұрын

Love it and thank you for sharing your trading philosophy & reflections!

@CrossHair001 11 күн бұрын

Hi , do u guys have Discord community ? if not can we please have one .

@ShortStuff0000 11 күн бұрын

Can this look at indicator values? For instance can you have it sell a put at 'X' delta when the 4hr hour stochastic is oversold and the price is above the 200EMA (just an example).

@hovavm8241 20 күн бұрын

Hey Jack, Great video! i wanted to know about the allocation of this strategy, in the SPX 0DTE Long Put you took 1,500$ with max loss of 300$ which is 20% don't you think its too low allocation for this strategy? or you say in the worst case you will increase the allocation later on thanks 🙏

@iloveeat3000 23 күн бұрын

Hi, any chance your robot can link with IB? because i'm not in US, the best broker i can choose is IB.....

@iloveeat3000 24 күн бұрын

Could the bot link to IB platform?

@SVP-CoCom 24 күн бұрын

Can backtester test intraday no eod or overnight?

@dnleckman 24 күн бұрын

Sort of. You can open as early as 9:35 CST and has the options to close at 2, 1, 30, 15 minutes early. The actual bots have more settings. They have some intraday settings.

@SVP-CoCom 24 күн бұрын

@@dnleckman wow thanks for the prompt reply on a Saturday morning! 😊

@pezzodipunto2239 25 күн бұрын

Great Jack, thanks.

@OptionAlpha 22 күн бұрын

Thanks, glad you enjoyed it!

@markcotton6693 25 күн бұрын

Thanks for sharing Jack

@OptionAlpha 22 күн бұрын

Thanks Mark. Glad you enjoyed it

@bcexnopby 25 күн бұрын

Thanks Jack! Is the former backtesting tool (for longer periods) still available on the platform? I cannot find it. thanks!

@OptionAlpha 22 күн бұрын

Yes, it is for now. app.optionalpha.com/backtester

@dnleckman 25 күн бұрын

I have found with this methodology it is almost better to be too busy to check the market during the day. Yesterday I saw my almost winner get a touch hit....then thought dang I could have closed that out.

@shivamasija 26 күн бұрын

Will we have any black friday deals ?

@penzput 26 күн бұрын

Appreciate your honesty with showing both your losses and successes. And how you dig into what you might be able to improve on in your trading going forward. Thanks for sharing. P.S. Would love to see a video on using webhooks with TradingView. Just now experimenting with that new feature.

@johnxshen 26 күн бұрын

Thank you Jack! Love the backtest and automation. Great video.

@OptionAlpha 26 күн бұрын

Thanks, glad you liked it!

@vmarte 26 күн бұрын

Awesome overview. Always learn a lot from your videos. Please put out content more often. 😁

@OptionAlpha 26 күн бұрын

Thanks! Happy to hear you are getting value from them.

@FFT916 26 күн бұрын

Great video, Jack. Do you run 1min scan speed on your WiFly bot? Thx

@OptionAlpha 26 күн бұрын

Thanks! Yes, scan speed is set to 1 minute

@sheazadjiwani7013 26 күн бұрын

Thank you so much Jack

@OptionAlpha 26 күн бұрын

Thanks, it's my pleasure

@walking.phoenix 26 күн бұрын

Thanks Jack - Q about the 1DTE WiFly bot... Do you still have the "touch" trigger enabled? I've been wondering if that feature actually works against intraday turn arounds which would ultimately produce winners.

@OptionAlpha 26 күн бұрын

Yes, I reenabled it and plan to let the bot manage the positions automatically moving forward. It may occasionally cost me a turn around winner but the data suggests that avoiding large losses adds up to a higher return over time.

@PatrickHoodDaniel 26 күн бұрын

I am loving this series!! Thank you for sharing

@OptionAlpha 26 күн бұрын

Thank you Patrick!

@Brohananstein_III_Esquire 27 күн бұрын

Thanks for the video. Just wondering why you wouldn't just roll it after 30 days and eliminate the potential for max loss?

@johnxshen Ай бұрын

Thank you Jack, love those videos, love the new 0DTE backtest too! Two questions, 1) Can we backtest a 30/45 DTE option strategy? 2) can you also add Strangle/Straddle strategies? Thank you!

@stefanlarsson8639 Ай бұрын

How come I to this side where you create the BOT?

@PeterDeehan Ай бұрын

Aloha Jack, We really like these videos! We are new to options trading. I have just been cloning bots or using the bot wizard to build some. Would you be able to recommend a video or a bot to follow the market up, like what happened today? 11/6/24. One that does a trade in a strong upward trend, takes the profit and keeps going as the stock continues upward. What indicators would be the most helpful in this scenario? How about building a bot for a strong downturn, which I expect we are due for? Thanks in advance!

@JordonRichard Ай бұрын

Love the new backtester! Adding a combined column in the data table would be fantastic!

@BrantHallTeach Ай бұрын

I have started watching and listening to Options Alpha going back to 2018. How does Options Alpha feel about that wheel strategy? Market neutral enough?

@miximaxi3908 Ай бұрын

Great stuff! Hard to recreate such things on OptionOmega especially the Call Spread always leads to dramatic losses. Do you have any tipp?

@roroguapo3 Ай бұрын

I have a suggestion for a research idea. Sort for the highest Alpha Iron Condor trades on the Trade Ideas tab but only in the major ETFs like SPY, IWM, TLT, GLD, etc. Risk of less than $100, R/R of greater than 80%, minimum EV of $10, PMP over 55%, minimum Alpha of 10%, DTE of 3-30, OI greater than 100, and every day place 4 trades, 1 per ETF, with trade selection based on the highest available Alpha IC trade per ETF based on the above filter criteria. Keep placing trades like this until you use up 70% of your net liquidity.

@roroguapo3 Ай бұрын

I guess this could be a research report/backtest idea

@billmietelski Ай бұрын

Jack, can you share the backtests, please? Recreating them from scratch seems like a waste of time. :)

@billmietelski Ай бұрын

Never mind. Found the link.

@nollieflip1 Ай бұрын

This is incredible. I used option Alpha as a service many years ago, and I did not even realize these bots and features were available nowadays on the platform. This makes me seriously consider signing back up.

@rheuevr Ай бұрын

Hii how do i automate this??

@OptionAlpha Ай бұрын

Hi, I have shared both of the bots in the OA community: Long put bot: app.optionalpha.com/community/all/post/spx-long-put-05-delta Long call spread bot: app.optionalpha.com/community/all/post/spx-long-call-spread-4-otm Backtests: app.optionalpha.com/zdte/backtester/compare/ZT21730470026640063179,ZT21730470090798283180?combine=1

@sandedom339 Ай бұрын

I was just watching this video today, and oracle was 139 on Sep 9 and on expiry of the first trade, we expected to stay oracle below $148, however it went up to $162, right?

@m82011 Ай бұрын

i see that the backtest of SPX Long Put 05 have some postion Entry condtion , like Trading Days is Wed/Thu , but when you conver it to bot its change to everyday .

@OptionAlpha Ай бұрын

In the first decision of the automation "Bot can open a new position today?" it checks for Wed/Thu.

@pitmaler4439 Ай бұрын

Can anybody explain the difference between the open interest put call ratio and the volume put call ratio? Thanks?

@zeetrader-com Ай бұрын

Open interest is number of contracts open while volume is number of contracts traded. If I opened the contact assuming no contract was traded in the underlying then both open interest and volume are one. However if I sell my contract later that day to someone the outstanding contracts aka open interest is still one however the volume is 2. Sorry had a typo of 3

@pitmaler4439 Ай бұрын

@zeetrader-com thank you very much, when I have in the volume section a put call ratio of 0.5, does that refer to buying puts/calls or selling puts/calls ? Or is both possible. E.g. I know that 1 put was traded and 2 calls were traded - do I know whether it was selling trade or a buying trade?

@zeetrader-com Ай бұрын

@@pitmaler4439 in this scenario the put is assumed to be a purchase (always) and the general interpretation is since 2 calls were purchased people have been bullish. All indicators have 2 interpretations.. some see high put call aka fear as an opportunity to go long while other people see it as a trend.

@Umesh12121 Ай бұрын

Hi @jack, you are using the long strategies to offset loses in short iron butterfly. Isn't it. We can't run them as standalone strategy

@OptionAlpha Ай бұрын

Hi, you're correct I specifically chose these 2 strategies because they balance well with the iron butterfly I am already trading. But, IMHO one could definitely run them standalone considering the backtest results; keeping in mind it may take a while to turn a profit especially for the long put strategy.

@daniellelu379 Ай бұрын

Hi Jack, can you share the bot template in the community?

@OptionAlpha Ай бұрын

Yes, both are now in the OA community. Long put bot: app.optionalpha.com/community/all/post/spx-long-put-05-delta Long call spread bot: app.optionalpha.com/community/all/post/spx-long-call-spread-4-otm Backtests: app.optionalpha.com/zdte/backtester/compare/ZT21730470026640063179,ZT21730470090798283180?combine=1

@pamnathanson1519 Ай бұрын

Thanks jack! Two questions: First, why not create just one bot with both long positions (especially since you're already showing their backtests combined)? Second: if smart pricing always starts at the midpoint, what does specifying 100% of the Bid/Ask mean? Isn't there only 50% left between midpoint price and the Bid price (for a credit)??? THANKS IN ADVANCE FOR YOUR ANSWERS!!!

@billmietelski Ай бұрын

"100% of the Bid/Ask" means 100% of the distance from the Bid to the Ask, not 100% of the distance from the Midpoint to the Bid or 100% of the distance from the Midpoint to the Ask. Hope that herlps.

@OptionAlpha Ай бұрын

I prefer to have 2 bots so I can track results and capital usage independently. It also allows me to update/replace one of them with minimal effort. Regarding the smart pricing settings: both act as a limit for the worst price to accept. For example, if the bid/ask is .50/.90, then then mid is .70. 100% of the bid/ask would be .90 and .05 from the mid would be .75 so it would use the .05 from the mid setting as the final price (.75). If the bid/ask is 50/.55 then 100% of the bid/ask would be .55 and .05 from the mid would be .60 (there is no mid price between .50 and .55), so it would use the 100% bid/ask setting (.55). Hope that help! Combining the options like that allows me to safely trade in markets with a narrow or wide bid/ask spread.

@pamnathanson1519 Ай бұрын

@@OptionAlpha THANKS!!! Can you please confirm this is what you meant and is not a typo? "if the bid/ask is .50/.90, then then mid is .70. 100% of the bid/ask would be .90" Isn't 100% of it .40? And, in the absence of using a mid-point limit (of .05 in your great example), wouldn't 100% push the final price attempted down to .3 (or up to 1.30)? Sorry if I'm a bit slow on the uptake here and thank you!

@eric47allen Ай бұрын

great stuff!

@mrbolt8274 Ай бұрын

Hey, what's about intra minute stop loss?

@1allanbmw Ай бұрын

Anybody doing anything with binary options? Loved the shirt too, btw. Many thanks.

@tangzhixuan Ай бұрын

Hi, may I ask if Option Alpha can backtest a Double Calendar strategy?

@roroguapo3 Ай бұрын

Love your shirt

@OptionAlpha Ай бұрын

Thank you! 🙏

@WoutervanTiel Ай бұрын

Craicky! Genius! Once found a good backtest will it generate the bot for us?

@OptionAlpha Ай бұрын

Yes, you can generate a bot to trade the strategy automatically once you find a good backtest.

@ajaygodara3609 Ай бұрын

Is the best performing combo 1:30 time to open, 15% profit target with -40$ to close the position, already integrated in currently running live bot? Thanks

@OptionAlpha Ай бұрын

Yes, it is available in the Option Alpha community as "WiFly 1DTE $60 Wide"

@ajaygodara3609 Ай бұрын

@@OptionAlpha Amazing..thanks.

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