214: Build A Fully Automated Options Portfolio with $3,000 in 1-Click
The Option Alpha Podcast
The Probability of Profit Threshold
The spread on thatiron every single one that the bot is evaluating has to be less than that amount in order for the bot to go to the next step. So we set a maximum bit a spread. The next filter that you can have the bot run through is a probability of profit threshold. Set it to the minimum probability you are willing to accept before an order goes to your broker. Now, the third filter thatyou can add in here is rate of return filter. And this one so cool in combination with the other ones, because the rate of return makes sure that the highest possible rate of return you could get on this iron condor position is above some minimum threshold. It answers the
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