Category Archives: Alta5

Create a bot to sell covered calls every month in 23 lines of JavaScript

A Covered Call is a common option strategy that is used to enhance a long stock position. In simple terms, it allows an investor to sell a portion of the unlimited upside in a stock position for cash each month. I almost always prefer covered calls to naked stock because it provides some downside protection (via cost basis reduction) and it allows 

Tasty Condor – a bot that collects monthly premium trading Iron Condor spreads on SPY

Earlier this week we introduced a new build of the Alta5 platform with additional support for option strategies, including Iron Condor spreads. Iron Condor is a popular delta neutral strategy used by professional money managers and individual investors to collect monthly premium and slowly profit from Theta (time decay). In this article, I will walk you through my process to build a bot that trades an Iron Condor on 

Introducing the Bittman Algorithm

This is a repost of an article recently published on the blog for my new startup, Alta5. Our platform enables investors to automate stock and options trading strategies using JavaScript. alta5.com/blog/bittman/ In 2012 Jim Bittman, Director of Program Development and a Senior Instructor for The Options Institute at CBOE, gave a presentation that outlined a 2-step strategy