Auto trading Iron Condors

qlai · Apr 5, 2023

I think it’s a good listen for people starting out. Personally, I think it’s a commercial for their platform and a good example of a strategy that has no edge.

Episode #225
https://podcasts.apple.com/us/podcast/the-option-alpha-podcast/id932492307

destriero · Apr 5, 2023

"Kirk Du Plessis" is a moron.

qlai · Apr 5, 2023

destriero said:
"Kirk Du Plessis" is a moron

I think the platform he built is pretty cool. I think is following Sosnoff lead, which is smart.

destriero · Apr 5, 2023

He's IBing to tradier.com. He doesn't own the brokerage.

ETJ · Apr 5, 2023

Schwab IdeaHub on SSE - entire section on preselected Condors based on implied. Unsure if it has emigrated to any TD platform.

qlai · Apr 5, 2023

destriero said:
He's IBing to tradier.com. He doesn't own the brokerage.

They/He built automated trading and back testing platform that can connect to any broker. With options, it is not an easy task.

“In contrast, Option Alpha's no-code platform significantly shortens the on-ramp to automation by using natural language decision recipes. So, you can easily test and build your automated trading strategies without writing a single line of code.”

destriero · Apr 5, 2023

qlai said:
They/He built automated trading and back testing platform that can connect to any broker. With options, it is not an easy task.

“In contrast, Option Alpha's no-code platform significantly shortens the on-ramp to automation by using natural language decision recipes. So, you can easily test and build your automated trading strategies without writing a single line of code.”

What's to gain from automating degen-ICs?

The analogy of taking 30 seconds to back into a parking space to save 5 seconds when leaving the space.

mason macgregorson · Apr 6, 2023

qlai said:
I think it’s a good listen for people starting out. Personally, I think it’s a commercial for their platform and a good example of a strategy that has no edge.

Episode #225
https://podcasts.apple.com/us/podcast/the-option-alpha-podcast/id932492307

where is the 1 yr of data?

qlai · Apr 6, 2023

He describes performance in the podcast. It’s awful.

newwurldmn · Apr 6, 2023

destriero said:
What's to gain from automating degen-ICs?

The analogy of taking 30 seconds to back into a parking space to save 5 seconds when leaving the space.

It’s quantitative if you automate it.

If it’s quantitative it means you are treating your trading like a business.

If you treat your trading like a business, it means you aren’t gambling.

If you aren’t gambling then you have income.

If you have income, then you are getting free dividends from your theta pnl every day.

Thus: if you automate it, it means you have free dividends from your theta pnl.