Trading Algo for Covered Calls

3 points by hughes7370 5y ago ↗ HN

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

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ra7 5y ago ↗

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

hughes7370 5y ago ↗

Thanks, mate!

llampx 5y ago ↗

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

hughes7370 5y ago ↗

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.