2min chapter

The Option Alpha Podcast cover image

210: 12 Complex Things That Are Simple To Automate w/ Bots

The Option Alpha Podcast

CHAPTER

How to Use Bots and Automations to Trigger Trades

With bots and automations, you can immediately trigger a new trade only after certain types of trades are open. Now this is a really unique use case because what you would have to do manually is one be there to enter the stock trade. You could also trigger complimenting trades inside of a bot. Or if the bot starts hedging and the bot opens a long put, it immediately sells a call spread to help finance that long put that it just entered.You could do that combination of things instantly by just setting up events and triggers inside of your body.

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