Trading Algo for Covered Calls

Posted by hughes7370 on Tuesday August 25, 2020 @02:32PM
from the self-post dept.

I built a trading bot that uses your portfolio long positions to sell covered calls, an easy low risk way to generate additional portfolio income, is anyone interested in using it?

( 4 comments | 3 points | on HN )

Re:Trading Algo for Covered Calls by ra7 on Tuesday August 25, 2020 @02:40PM (#24274551)

You should make a 'Show HN' (https://news.ycombinator.com/show) post demonstrating how the bot works.

[ Parent | on HN ]

Re:Trading Algo for Covered Calls by hughes7370 on Tuesday August 25, 2020 @04:50PM (#24275928)

Thanks, mate!

[ Parent | on HN ]

Re:Trading Algo for Covered Calls by llampx on Tuesday August 25, 2020 @03:13PM (#24274887)

What's the likelihood of getting your stock called away when the stock is making good gains?

[ Parent | on HN ]

Re:Trading Algo for Covered Calls by hughes7370 on Tuesday August 25, 2020 @05:01PM (#24276056)

By default, the system is configured to immediately place an order for the same shares and price if this occurs, to cancel out the negative effects of this.

[ Parent | on HN ]