4min chapter

The Option Alpha Podcast cover image

214: Build A Fully Automated Options Portfolio with $3,000 in 1-Click

The Option Alpha Podcast

CHAPTER

Pattern Day Trading - How to Avoid Being Flagged as a Pattern Day Trader by Your Broker

You can open andclose positions the same day. There's no restriction on our end for doing the sop shalfa, but we give you the tools to build this into your automations if you want. The first thing that the bot will do when it's managing the position is check and see if there's a profit. Now if there is a profit, we're just going to tell the bot to close the position. And you can use this in a number of different strategies that you run. In our case, we're specifically in to see if the position premium went down for our iron condor. We want that value to go down so we can buy back in at a

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