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PeakBot revolutionizes trading with automated algorithms, optimizing option selling for maximum results. Automate your portfolio and elevate your trading experience.
Strategies
PeakBot's strategies
Bot Order Details
Available tickers: SPX
Trade Length: 1DTE
Strategy Type: Iron Condor
Sold Delta: Determined by PeakBot's proprietary AI / Machine Learning model
Spread Width: $10
Entry Features
- Will open based on PeakBot's proprietary AI / Machine Learning model
- Can enter any day
- Will not trade on days with major economic events (i.e. FOMC)
- Opens trades after 3:00pm EST
- Will not trade if VIX is too low
- Will not trade if VIX is too high
- Will not trade if VIX increased too much overnight
Exit Features
- In order to prevent 'wick outs' and maintain a high win rate, there is no exit for this trade
- On certain days, this bot can exit a position before expiration in the case of economic, political, or non-standard events
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the King AI strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $10,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $10,000
- Brokerage: tastytrade Account type: Margin Option level: Basic Minimum account value: $10,000
This strategy only trades $SPX. As $SPX is a cash-settled instrument, you will never be assigned shares.
Bot Order Details
Available tickers: SPX
Trade Length: 0DTE
Strategy Type: Debit Spreads
Sold Delta: $15 OTM
Entry Time: 9:45am ET
Entry Features
- Will open based on PeakBot's market patterns found by PeakBot's DFlow machine learning model
- Can enter any day but typically trades 5-10 days per month
- Opens trades after 9:45am EST
- 1 position can be open at one time
Exit Features
- Positions are held through the trading day
- Take profit orders set at $4.90
- If position does not take profit, it will expire
- No stop losses
- Maximum loss limited to the debit paid
- Maximum profit capped by the spread width
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 2 Minimum account value: $2,000
- Brokerage: Schwab Account type: Margin Option level: Level 1 Minimum account value: $2,000
- Brokerage: tastytrade Account type: Margin Option level: Basic Minimum account value: $2,000
This strategy only trades $SPX. As $SPX is a cash-settled instrument, you will never be assigned shares.
What is the Wheel?
100x
Multiply the strike price you sell by 100, that's how much capital you need per contract to purchase shares if assigned
10
Tickers available for trading.
1
Trade per ticker per week
4
Days To Expiration
35Δ
Targeted entry delta
4
Entry time frames
Bot Order Details
Available tickers: TQQQ, SQQQ, SPY, QQQ, IWM, IBIT, SLV, GLD, GDX, TLT
Strategy Type: Vertical Wheel
Sold Strike: 35Δ puts. If assigned, the bot will sell a call at the same strike price that you were assigned shares at.
Hedge: No matter the position you are in, the bot will always buy the 10Δ put each week for protection.
Spread Width: Various
Ideal Market: Bullish to neutral, trending
Entry & Exit Features
Below are the actions the bot will take after setting it up on your PeakBot account.
- Check the stock you added to your Automated Portfolio to determine if shares are already owned. If under 100 shares are owned, the bot will start by automatically selling put credit spreads. If over 100 shares are owned, the bot will start by automatically selling combo credit spreads.
- Selling put credit spreads: This occurs on Mondays and Tuesdays between 11am-1pm EST. The bot will sell a put at the strike that is closest to the 35Δ. The bot will also buy a put at the strike that is closest the 10Δ to create a spread. The bot will not place an order to sell a spread if the estimated credit on the trade is less than $5 per contract. By selling a spread, we limit the maximum loss to be the width of the spread in order to protect your account from a large drawdown.
- Selling combo credit spreads: This also occurs on Mondays and Tuesdays between 11am-1pm EST. The bot will sell a call at the strike that that you were assigned your shares at. The bot will continue to buy a protective put at the 10Δ.
Share Assignment
This strategy is designed to automatically handle assignment of shares. Please see the below scenarios for details.
- When trading a put spread, if the stock price is greater than the bought put and less than the sold put at expiration, you will be assigned 100 shares per contract at the strike price of your sold put. You will need enough cash in your account to purchase these shares. When assigned shares, the bot will automatically start selling combo credit spreads for you during the next trading window.
- When trading a combo spread, if the stock price is greater than the sold call at expiration, your shares of stock will be automatically sold (called away) at the strike price of your sold call. You will need enough shares in your account in the scenario they get called away. When shares are called away, the bot will automatically start selling put credit spreads for you during the next trading window.
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the Wheel strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $2,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $2,000
- Brokerage: tastytrade Account type: Margin Option level: 1/Basic Minimum account value: $2,000
If you choose to automate this strategy 'naked' (expert traders only)
- Brokerage: Tradier Account type: Cash Option level: Level 1 Minimum account value: No minimum
- Brokerage: Tradier Account type: Margin Option level: Level 4 Minimum account value: $10,000 minimum
- Brokerage: Schwab Account type: Margin or cash Option level: Level 1 Minimum account value: $2,000
- Brokerage: tastytrade Account type: Margin or cash Option level: 1/Basic Minimum account value: $2,000
This Bot Is Pattern Day Trader Friendly
Bot Order Details
Available tickers: SPY
Trade Length: 0DTE
Strategy Type: Single-leg buying
Sold Delta: ATM
Entry Time: 2pm ET or later
Entry Features
- Will open based on PeakBot's market patterns found by PeakBot's Gatekeeper machine learning model
- Can enter any day but typically trades 5-10 days per month
- Opens trades after 2:00pm EST
- Up to 7 positions can be open at one time
Exit Features
- Orders are entered as OTOCO with a pre-defined take profit limit order and stop loss market
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 2 Minimum account value: $10,000
- Brokerage: Schwab Account type: Margin Option level: Level 1 Minimum account value: $10,000
- Brokerage: tastytrade Account type: Margin Option level: Basic Minimum account value: $10,000
This strategy only trades $SPY and is designed to close all positions before the market closes each day. In the event that your position is not closed out automatically, you are responsible for doing so on your own. There is a risk of assignment if your position is not closed.
Bot Order Details
Available tickers: SPX
Trade Length: 1DTE
Strategy Type: Iron Condor
Sold Delta: Determined by PeakBot's proprietary AI / Machine Learning model. Similar to King AI but more aggressive.
Spread Width: $10
Entry Features
- Will open based on PeakBot's proprietary AI / Machine Learning model. This strategy is more aggressive that King AI.
- Can enter any day
- Will not trade on days with major economic events (i.e. FOMC)
- Opens trades after 3:00pm EST
- Will not trade if VIX is too low
- Will not trade if VIX is too high
- Will not trade if VIX increased too much overnight
Exit Features
- In order to prevent 'wick outs' and maintain a high win rate, there is no exit for this trade
- On certain days, this bot can exit a position before expiration in the case of economic, political, or non-standard events
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the King AI strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $10,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $10,000
- Brokerage: tastytrade Account type: Margin Option level: Basic Minimum account value: $10,000
This strategy only trades $SPX. As $SPX is a cash-settled instrument, you will never be assigned shares.
Bot Order Details
Available tickers: SPX
Trade Length: 1DTE
Strategy Type: Iron Condor
Sold Delta: 20
Spread Width: $10
Entry Features
- Can enter any day
- Will not trade on days with major economic events (i.e. FOMC)
- Opens trades after 3:00pm EST
- Will not trade if VIX is too low
- Will not trade if VIX is too high
- Will not trade if VIX increased too much overnight
Exit Features
- The call side and the put side are managed separately
- No exits will be made on the day of entry
- Winners are meant to expire worthless (no closing trade)
- Both the call and put side have a stop loss
- The bot will start trailing the stop loss for each side separately after a certain gain on the single spread has been made
- Bot may stop our early if there is a high-impact economic or political event scheduled after entry or in the afternoon on the day of expiration
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the King Condor strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $10,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $10,000
- Brokerage: tastytrade Account type: Margin Option level: 1/Basic Minimum account value: $10,000
This strategy only trades $SPX. As $SPX is a cash-settled instrument, you will never be assigned shares.
Bot Order Details
Available tickers: SPX
Trade Length: 0DTE
Strategy Type: Direction Spread with Potential Hedge
Sold Strike: +-$10 OTM
Spread Width: $5
Entry Features
- Can enter any day
- Will not trade on days with major economic events (i.e. FOMC)
- Opens trades after 10:00am EST and before 12:00pm EST
- A hedge can enter if SPX price reverses before 12:00pm EST
- Will not trade if VIX decreased too much overnight
Exit Features
- There are no exits, once this bot enters a trade, that contract will be held until expiration
- The maximum loss is $500 - the premium earned at entry
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the SHORBO strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $10,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $10,000
- Brokerage: tastytrade Account type: Margin Option level: 1/Basic Minimum account value: $10,000
This strategy only trades $SPX. As $SPX is a cash-settled instrument, you will never be assigned shares.
What is the Wheel?
100x
Multiply the strike price you sell by 100, that's how much capital you need to trade a ticker on the Wheel
75+
Amount of tickers available to be traded with the Wheel
Sample Watchlist
Loading
1
Trade per week
4
Day Till Expiration
70%+
Targeted win rate
4
Entry time frames
Bot Order Details
Available tickers: Various
Strategy Type: Wheel / Vertical Wheel
Sold Strike: 30 delta
Spread Width: Various
Ideal Market: Bullish to neutral, trending
Entry & Exit Features
Below are the actions the bot will take after setting it up on your PeakBot account.
- Check the stock you added to your Automated Portfolio to determine if shares are already owned. If under 100 shares are owned, the bot will start by automatically selling put credit spreads. If over 100 shares are owned, the bot will start by automatically selling combo credit spreads.
- Selling put credit spreads: This occurs on Mondays and Tuesdays between 11am-1pm EST. The bot will sell a put at the strike that is closest to and greater than the 30 delta. The bot will also buy a put at the strike that is closest to and greater than the 10 delta to create a spread. The bot will not place an order to sell a spread if the estimated credit on the trade is less than $5 per contract. By selling a spread, we limit the maximum loss to be the width of the spread in order to protect your account from a large drawdown.
- Selling combo credit spreads: This also occurs on Mondays and Tuesdays between 11am-1pm EST. The bot will sell a call at the strike that is closest to and less than the 30 delta. The bot will also buy a protective put at the strike that is closest to and less than the 10 delta to create a spread.
Note: We do allow a feature for expert traders to turn off the hedge and sell naked options. Please contact us for more details if interested.
Share Assignment
This strategy is designed to automatically handle assignment of shares. Please see the below scenarios for details.
- When trading a put spread, if the stock price is greater than the bought put and less than the sold put at expiration, you will be assigned 100 shares per contract at the strike price of your sold put. You will need enough cash in your account to purchase these shares. When assigned shares, the bot will automatically start selling call credit spreads for you during the next trading window.
- When trading a combo spread, if the stock price is greater than the sold call at expiration, your shares of stock will be automatically sold (called away) at the strike price of your sold call. You will need enough shares in your account in the scenario they get called away. When shares are called away, the bot will automatically start selling put credit spreads for you during the next trading window.
Note, for more detail, please see the example trades below.
PeakBot Strategy Requirements
Your brokerage account must fit any of the below set of requirements in order to successfully automate the Wheel strategy with PeakBot.
- Brokerage: Tradier Account type: Margin Option level: Level 3 Minimum account value: $2,000
- Brokerage: Schwab Account type: Margin Option level: Level 2 Minimum account value: $2,000
- Brokerage: tastytrade Account type: Margin Option level: 1/Basic Minimum account value: $2,000
If you choose to automate this strategy 'naked' (expert traders only)
- Brokerage: Tradier Account type: Cash Option level: Level 1 Minimum account value: No minimum
- Brokerage: Tradier Account type: Margin Option level: Level 4 Minimum account value: $10,000 minimum
- Brokerage: Schwab Account type: Margin or cash Option level: Level 1 Minimum account value: $2,000
- Brokerage: tastytrade Account type: Margin or cash Option level: 1/Basic Minimum account value: $2,000
Example Trades
Put Credit Spread Scenarios:
Please reference the below trade set up to understand the 3 potential outcomes for a put credit spread. For these scenarios, we use the ticker RIOT and will assume the we sold the $9 strike and we bought the $8 strike.
In order to make this trade, we are willing to secure $9,000 (the $9 sold strike multiplied by 10 contracts) of capital to purchase 1000 shares in the case of assignment (scenario #2).
As a results of the trade, we receive a credit of $0.19. When multiplied across the 10 contracts of the trade, the total credit (after fees) comes to $177, roughly a 1.9% return on your cash secured in just one week.
- Expiring Worthless If on the day of expiration, RIOT's stock price closes above $9 (which is our sold put strike), we keep the full $177 credit and will sell a put credit spread again next week.
- Getting Assigned If on the day of expiration, RIOT's stock price closes between $8 and $9 (the strikes at which we set our spread), we will be assigned 100 shares per contract and will sell a combo credit spread next week.
- Limiting Loss If on the day of expiration, RIOT's stock price closes below $8 (outside of our spread), we will experience a loss that is equal to the width of the spread multiplied by 100 (because there are 100 shares per contract), multiplied by the number of contracts held. In this case, the spread was $1 wide and we would realize a loss of $1,000 because we're trading 10 contracts. This spread protects your account from extreme downside. Based on the delta bought, there is statistically, roughly a 10% chance that this will happen on each trade. Next week the bot will sell a put credit spread.
Combo Credit Spread Scenarios:
Please reference the below trade set up to understand the 3 potential outcomes for a combo credit spread. For these scenarios, we use the ticker RIOT and will assume the we sold the $10.5 call strike and we bought the $8 put strike.
In order to make this trade, we must own 1000 shares of RIOT in the case the shares are called away (scenario #2).
As a results of the trade, we receive a credit of $0.20. When multiplied across the 10 contracts of the trade, the total credit (after fees) comes to $187, roughly a 1.9% return on the assumed price paid for the shares.
- Expiring Worthless If on the day of expiration, RIOT's stock price closes below $10.5 (which is our sold call strike) and above $8 (which is our bought put strike), we keep the full $187 credit, we keep the 1000 shares that we own and will sell a combo credit spread again next week.
- Shares Called Away If on the day of expiration, RIOT's stock price closes above $10.5, our 1000 shares will get called away (we will be forced to sell) at $10.50 per share and will sell a put credit spread next week.
- Downside Protection If on the day of expiration, RIOT's stock price closes below $8, our 1000 shares will get sold at $8 per share and next week the bot will sell a put credit spread.
Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.