Options trading bot and strategy builder

Build an options trading bot around the complete structure.

Use the options strategy builder for user-defined underlying signals, DTE and strike rules, multiple legs, grouped exits, scheduled entries, and assignment or expiration lifecycle behavior.

Build an Options Strategy Read the Options Backtesting Guide

DTE and delta selection
Multi-leg structures
Group lifecycle controls

Wheel strategy · draft

Assignment-aware lifecycle

OPEN CASH-SECURED PUT30 DTE · target delta 0.25SELL TO OPEN

IF PUT ASSIGNEDTransition to covered-call structureLIFECYCLE

OPEN COVERED CALL30 DTE · strike above cost basisSELL TO OPEN

IF CALL ASSIGNEDComplete cycle and rearm entryYOUR RULE

UNDERLYINGUSER SELECTED

Continued testing and automation: Premium/Elite. Live connection: Elite plus eligible provider/account. Check options coverage and restrictions.

Options automation at your level

Understand the legs—or code the lifecycle.

Investfly keeps the option structure explicit across simulation, visual configuration, and Python strategy development.

Beginner

Explore option mechanics

Use a virtual portfolio to inspect contracts, legs, expiration, order actions, collateral, assignment, and grouped positions.

Practice trading stock options

Active trader

Configure supported structures

Build cash-secured puts, covered calls, vertical spreads, iron condors, and other supported structures without coding.

Explore no-code automation

Quant

Combine code with selectors

Use Python for custom underlying signals while structured models handle contract selection, legs, groups, and lifecycle controls.

Explore Python

Options bot patterns

Describe the contract, package, and lifecycle you want.

These premium-selling and multi-leg examples are illustrative configurations, not recommendations or outcome claims.

OPTIONS AUTOMATION PREVIEWILLUSTRATIVE

Premium-selling structure

Schedule a user-defined cash-secured put entry.

UNDERLYINGYour selected stock or ETF

CONTRACTYour DTE and strike/delta selection rules

ENTRYYour condition or recurring schedule

RISKYour collateral, group limit, target, and stop

Inside the strategy builder

Multi-leg options automation: from entry signal to grouped exit.

Configure the spread once, then let your bot evaluate when to open and close it. This bull put credit spread illustrates how the decisions connect; the values shown are example inputs, not suggested trading settings.

Define the entry signal. Choose an underlying stock or ETF and a condition, such as its closing price moving above its 20-day simple moving average.
Select both contracts together. In Contract Selection, choose Bull Put Credit Spread. The illustrated configuration targets 35 days to expiration and a 0.25 delta magnitude for the short put, with a long put $5 below it at the same expiration.
Set size and limits. For example, configure one spread per entry and a maximum of one open group for that underlying. Review the order settings and collateral before testing.
Manage the spread as a group. Set group-level profit and loss thresholds in Exit Rules, and a close-before-expiration rule in Contract Lifecycle. Forward-test in a compatible virtual portfolio and inspect orders and positions together.

Browse no-code options templates

Investfly Contract Selection showing a bull put credit spread with 35-day expiration, short-put delta magnitude 0.25, and a five-dollar long-put wing. — Contract Selection in a local demonstration with simulated data. Select the image to enlarge it. Live multi-leg execution depends on supported structures, broker capabilities and account permissions.

Options-native controls

A structure is more than a ticker and quantity.

Expiration and DTE

Select contracts using target days to expiration and supported expiration rules.

Strike and delta rules

Describe strike selection with supported moneyness, offset, or target-delta inputs.

Grouped positions

Treat supported multi-leg structures as a group for net premium, exits, and lifecycle activity.

Assignment and expiration

Configure supported outcome rules for assignment, expiration, follow-up structures, and completion.

Testing and live boundaries

Review option assumptions at the structure level.

Option strategies currently use underlying-first signals. Historical backtests may use synthetic or proxy option pricing when full chain replay is unavailable, so results require particular care.

Live execution depends on

Eligible provider and options-approved account
Supported structure and multi-leg order capability
Account permissions, buying power, and collateral
Your review of assignment and expiration risk

Options trading bot questions

Evaluate the structure, contracts, and lifecycle together.

What is an options trading bot?

An options trading bot applies user-defined rules to an options workflow, including the underlying signal, structure, contract selection, entry, grouped exits, and supported expiration or assignment handling.

Can Investfly automate multi-leg options strategies?

Supported workflows include structures such as vertical spreads and iron condors, with leg directions, DTE, strike or delta rules, grouped lifecycle controls, and eligible multi-leg order support.

Can I configure a wheel strategy?

You can configure supported cash-secured-put, covered-call, schedule, contract-selection, assignment, and expiration rules around a wheel-oriented lifecycle. You choose every input; it is not an income promise or recommendation.

How should I interpret an options backtest?

Options backtests may use synthetic or proxy pricing when full historical chain replay is unavailable. Treat results as hypothetical, inspect the assumptions, and use simulation before considering eligible live activity.

vs Option Alpha All platform comparisons

One multi-leg structure from signal to exit

The public bull-call debit-spread example evaluates AAPL with five-minute EMA(10) above EMA(20) and ADX(14) above 18. It selects a 45-DTE long call near 0.60 delta, a $10 spread width and one contract group, then applies net-premium group targets/limits and a lifecycle conversion rule. Inspect every leg, cost and rule in the linked strategy.

Inspect Options Bull Call Debit Spread, use Customize to save a private draft, and review every setting before running it.

Reported historical period	Matched closed-trade records	Last completed run
2026-09-03 to 2026-10-09	4	2026-10-10

Historical simulation, not live performance. Partial closes may create multiple matched records. The run uses available history; its dates can change as data refreshes. Inspect costs, fills, missing data and warnings in the full report. These settings demonstrate software behavior, not a recommended strategy.

Options builder with DTE, delta, legs and a structure preview — This separate fictional bull-put example shows the available structure-selection controls. Fictional local demo; simulated data and results.

Investfly’s builder is for structure selection and automated lifecycle management, with supported previews—not a promise of every analytical feature in a standalone payoff/Greeks research tool. Tradier and TastyTrade are marketed atomic multi-leg connections; Elite, account approval and exact structure compatibility apply. Modeled backtests may use synthetic/proxy option marks, not historical option-chain replay.

Read modeled options testing and paper-options practice. Review plan limits.

Check options access before creating a bot

Provider for live connection	Market/account scope	Paper mode	Live mode
Tradier	Eligible contracts/structures and atomic multi-leg orders	Investfly virtual portfolio: simulated funds; no provider connection required.	Elite: separately authorize an eligible provider account.
TastyTrade	Eligible contracts/structures and atomic multi-leg orders	Investfly virtual portfolio: simulated funds; no provider connection required.	Elite: separately authorize an eligible provider account.

Historical testing: Underlying history with synthetic/proxy option marks where historical chains are unavailable; not historical option-chain replay. Stored intervals are 1, 5, 15, 30 and 60 minutes and daily where data is available; inspect the reported period instead of assuming every symbol has every interval.

Plan and execution limits: Premium or Elite is required for continued automated deployment and historical testing after the trial. This market’s paper practice requires the applicable Premium/Elite entitlement after the trial; Standard’s continuing free practice is for stocks/ETFs. Provider support is not a promise that every account, country, symbol, structure or order type is eligible. Review the connection and strategy compatibility report, quote timestamp, fees and market-data rights. Investfly-managed protection and modeled fills can behave differently from native broker orders. Review current plans and testing assumptions.

Options structure, made explicit

Configure the legs and lifecycle you intend.

Start with a supported template, choose the contract rules, and test the complete group behavior.

Start Free Trial Explore Options Templates

Options involve substantial risk, including assignment and potential loss. Examples are not investment recommendations.