Thanks for the kind words!

Yes you can leave it to expire and cast settle, however there might still be assignment/exercise/settlement fees with your broker. You'd want to check with them.

@@wmrhawk plus 60/40 tax treatment

For these I don't unless they reach something really high closer to expiration like 90% profit where I can take the short leg off for pennies. Since I trade through TS I don't pay any commissions on these trades so those don't impact the positions. And position sizing I just use 1 lots for now.

Vol would play into the fact that we are selling premium vs. buying net.

Yep, you can just move up number of contracts and/or size positions as a % of the bot's net liquid value (or similar) using the bot inputs. Another thing you could do, I believe some people have shared similar templates in the community if you search around, is to add logic to add more than 1 position per ticker. This would help spread positions out over time vs. 1 per month which is the limit given the $3k model.

yeah... big time

looks like positions are all cash and not margin

optionalpha.com

Bots can currently check for FOMC and CPI. We will get NFP added asap. I appreciate the suggestion! Once I have it added, I'm going to update the WiFly bot skip days where tomorrow has a CPI or NFP report date in the morning.

Yes, the bots open, monitor and close positions automatically based on a trading strategy. The ones I've created and shared in this video series are available in the Option Alpha community at the links below: Peggie Bank: app.optionalpha.com/community/member/jackslocum/post/peggie-bank WiFly 1DTE Iron Butterfly: app.optionalpha.com/community/member/jackslocum/post/wifly-1dte-60-wide Daddy Long Legs: app.optionalpha.com/community/member/jackslocum/post/daddy-long-legs Auto Ideas ETFs: app.optionalpha.com/community/member/jackslocum/post/auto-ideas-etfs Rev Ninja ETFs: app.optionalpha.com/community/member/jackslocum/post/rev-ninja-etfs

So glad to hear this helped! Shoot us an email if you want to start another trial again so we can get you set up.

@@OptionAlpha wow, thanks!

You're very welcome! Glad it was helpful!

I have been searching for it... But no luck so far

Both bots were shared in the community this morning. Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

Thanks Scott! I just shared both bots in the OA community. Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

Great suggestion. I’ll write up the post up in advance next time. These will be posted first thing tomorrow morning. Have a great weekend!

@@OptionAlpha Thanks, Jack!. Yeah, I know the market isn't open until Tuesday, but I'd still like to see the bot. Appreciate you! :)

Hi Bill, both bots were shared in the community this morning. Appreciate the nudge! Daddy Long Legs: app.optionalpha.com/community/all/post/daddy-long-legs WiFly 1DTE: app.optionalpha.com/community/posts/wifly-1dte-60-wide

I would do a search on Ernie Varitimos. There's a trail of lawsuits, bankruptcies, etc. Court records are public info. I'm sure there are two sides to every story, but do your own due diligence. Just sayin'. :)

@@billmietelski thanks for sharing this. Didn't know. His model of working is pay 10K!!

@@ajaygodara3609 Again, do you own due diligence. There are always two (or more) sides to every story, so Ernie might be the real deal. However, I know a successful trader who mentored with Ernie. Said Ernie was a nice guy, but he couldn't make any money trying it Ernie's way. My friend finally came up with his own method, and is now profitable. I'm not saying Ernie is a scam. Never me the man; never tried it his way. But the red flags out there. Just sayin'. Be careful.

We added EV calculations to help solve this for you: optionalpha.com/help/understanding-alpha-and-expected-value