Options Strategy Builder Toolkit

Underlying Instrument

The strike price of the options contracts is chosen on the basis of the underlying instrument.

Trading Timeframe

On SpeedBot Options Trading Bot Builder, Strategy Creators can create options trading bots on Intraday as well as Positional Basis.

Contract Type

Price: Select Options Strikes based on the mentioned price by the Strategy Creator. For e.g: If the trader wants to Sell a CALL Options Contract having 100 INR Value then he/she can Contract Type as “Price” and enter the Closest Premium as “100 INR”.

ATM Point: Select Options Strikes based on the ATM, OTMs and ITMs of the available options contracts.

Percentage: Select Options Strikes based on adding and subtracting a certain percentage from the ATM. For E.g: If a Trader wants to select a CALL Options Contract that is 0.5% away from ATM then he/she can select the Contract Type as “Percentage” and Value as “ATM-0.5%”.

Expiry Type

Speedboat supports multiple expiry selection for assorted options trading strategies. Strategy creators can backtest on Current Week, Next Week, Current Month and Next Month Expiry Contracts.

Move to Cost

If SL of any of the legs is hit then SL of all the open legs are moved to the Entry Price.

Momentum

Points: If the entry condition is satisfied then the bot will wait for the Options Contract to move by a certain amount of points. For E.g: If 18500 CALL Option is trading at 100 INR. premium and Momentum in Points is 10 then the bot will wait for the options contract to move to 110 points and then take an entry.

Percentage:If the entry condition is satisfied then the bot will wait for the Options Contract to move by a certain amount of percentage. For E.g: If 18500 CALL Option is trading at 100 INR. premium and Momentum in Percentage is 10 then the bot will wait for the options contract to move to 10 percent and then take an entry.

Target

The Target for individual leg can be set in terms of points, percentage and absolute (MTM) basis.
Points: If the options contract moves a certain defined points in the favour of the trader then.

Stop-Loss

The Stop Loss for individual leg can be set in terms of points, percentage and absolute (MTM) basis.

Trail SL

If the underlying price moves by a certain amount in terms of percentage or in absolute points then trail the SL by a certain percentage or in absolute points.

Reentry Type

Suppose if the ATM PE is sold at an entry price of Rs.50 and SL is 100% i.e. Rs.100. If the SL is hit then the bot will wait and re-enter again whenever the price will come at Rs.50.

Strategy Target

Strategy Creators can create options strategies with predefined targets on all the available options contracts used.

Strategy Loss

Strategy Creators can create options strategies with predefined stop losses on all the available options contracts used.