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Something tells me you could automate all of those after the initial oracle trade is placed. I'm going to give it a shot today.

Doesn’t taking profit at 40% mess up the math? You’re taking away the 150% risk/reward if you do that. You are also increasing the win rate, but there’s no way to know if the increase in the win rate is enough to offset the loss in the r/r.

@OptionAlpha or Anyone. Since option2.0 is out for few months, what does the performance looks like? Can anyone please share their experience with these bots?

Outside of the bot scenario. Does your subscription allow a member to find option trade ideas? I am with TradeStation.

Thanks for the video! I'm going to papertrade this bot for sure this week. My normal debit trade bots are getting decimated in this environment.

These bots would really need to have the ability to define the slippage and take that into account in the price calculations.

Hi Jack, just a thought on those OTM earnings verticals; Since they're such low probability/high reward trades, would it make sense to ratio them heavier on the long option side, even if by just one contract? That way, you're paying close to the same in premium, but with just one long option more you could be making uncapped upside potential if you get a runner. Same would of course go for downside directional trades, or if you're really wild you could bet on Red and Black at the same time. 🤪 Thanks, and God Bless.

Shouldn’t it be $5 above the SHORT call?

I feel like that research only works in the same volatility range. The Vix was supper low for a long time, no longer.

Hi, thank you so much for your videos, I noticed an issue in the opportunity when selecting the long call side of the iron condor, it was set to exactly $5 above of the long call leg, but it should be $5 above the short call leg, right?

What are the best resources (books, websites, vids, etc.) before diving into options trading?

Hey Jack, Great ideas.. Realise that the full market day is not yet available - but I don't have exactly 0 days available either? Would also like to know how you generated the Peg Spreadsheet.

You did $5 above the long call. It should be $5 above the short call position

I dont have $25K in my account, so this does not apply to me.

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

Hey Jack. What do you think about adding time based entries into the automation such as only running the .4 after 1pm if the .5 didn't kick in earlier and and a later time for the .3 so the bot has time to get into the best trade?

Hello. Any way to increase the spread width to 50 or so? With SPX 25 is just not enough when volatility increases.

Also, how do we roll over option in OptionAlpha? And how do we create limit order to close option in OptionAlpha?

Confused again: at 2:20 we are looking at UNP long PUT spread, but after the refresh all trades are long CALLS, which is what is ultimately traded at the 3:35 mark.

Might be a good idea on the earnings trades to close out 90% as soon as the trade is profitable, and let the remaining contracts ride if there is a possibility for continued momentum.

What about 0DTE long SPX straddles with a 33% trailing stop? Seems like a good strategy lately as the market tends to move substantially in the first hour and also right before close. I like what your shirt says 🙏🏾.

Wonderful gesture. Lets learn trade, win and also help underprivileged achive their dreams. Too good

OA its just incredible service, guys. Jack and Kirk are rocks. ❤

Jack, do you close out these trades prior to the expiry date? And if so, how long before a trade expires do you close it out? Thanks!

Wow, Jack, you are doing great work. I have a quick question on the SPX trade are you keeping this trade till the market closes? Is it not a risk for assignment

As someone who sponsors a little girl in Africa - I love the idea of sponsoring children with the profits. “BOOM! We just got our first child sponsor.” Love it.

Great video. Couple questions. Does the analysis include any commissions? Why would you rather do múltiple contracts in a 5 wide IB vs one contract in a say 25 wide IB? Does the analysis support that?

Thanks for these videos I enjoy them

Do you have a template for your manual trade bot or have you shared it on the community page? I have seen you use it in several videos, but wanted to know what parameters you gave it.

OK this is kind of a confusing video because you have how many strategies here you have the iron butterfly you have the iron condor and then you have at the end up buying calls and put it doesn't seem like this is an ideal strategy especially if you're on a platform like Robinhood you can't even trade it to B SXPY andthey will get you out of the trade you know at like 315 or whatever if you are in the money. But it's interesting to look at it

EE is excellent for it's incredible depth of information. Thanks! One question: does it matter if you enter the trade 12DTE or 3 DTE I'm not sure if I understand correctly if the DTE is included in the backtest data.

Wow I run this on spx for last 3 weeks and I got it down but thanks for this tool! I usually use option strat calculator just to see where my breakevnns are. Trust me try running it 70 points out each way. Risk 7k to make 3k or two lots. When I close early because it nears my beewkeven I’m closing at least 800 plus profit. Yup butterflies cons are that u need to be dead on at close to hit 100%. This past week before the last two days I let mine exp for 97% and the other 95% two days in a roll. The time I been backtesting it, only once had it exp 99%. I usually never let it exp unless I clearly monitor until 12 and confident that even if it has that last 10 min spike I would still be good. I usually aim for 55% but been learning to take it at 23% because I still net over 800

When you will have API to Interactive Brokers ?

I’ve been trading the short Iron Butterfly part of this strategy for quite awhile with decent success. I think it’s important to share that getting filled at $4.50+ on a 5 wide ironfly 90 minutes before the close - is not easy unless SPX is trading at least 10 points away. And of course - if we’re trading 10 pts away from the center strike, the probability of profit is pretty low (like really low). I like the idea of layering the long Iron Condor - thank you for sharing Jack!

Hello Jack, Thanks for doing this, could you please make a video especially, i was not sure how you bought those protective legs within the trade,Thanks

Did this make ~$135 at close (with SPX closing at ~5475 that day), or did you work the legs early?

Nice Video. Can we can backtest using third party Buy/Signals signal?

please make more video about 0DTE SPX… thx

How come you can't make a bot automatically out of these?

I don't get it. Why is it that you are looking at historical data to speculate what will happen now with ODTE? Isn't the disclosure that past performance is no guarantee for what's to come. Just help me understand this concept please.

Amen! I've subscribed to OA since January - they communicate in straightforward and understandable manner for this retiree. BTW, because of them I'm mostly "in the green"! Thanks OA (ps - this is not a paid endorsement)

Good to see you Jack! What a GREAT valuable feature we have now with 0DTE! Thank you OA team for always giving us goodies!

boom share your bot you mook so I can fix it for you LOL

Why not just use 1 wider fly from the get go?

Witch time of the day you buy it and sell it?

Love it and your tshirt too btw. Peace

The trades didn't age well. All of your hunches didn't pay off and they all moved the opposite direction. Am I correct that you lost money on all of these trades?

Great Job Jack. What is your exit strategy?

SPX? It's a miracle! Praise ...

That's a great news! Possibility to trady SPX is a gold. Plus screener for 0dte...