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r/optionsr/options· u/HJK1999· 6d ago 25

anyone use automation for managing options positions

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Options trader seeks automated tools/APIs to manage short premium strategies, delta, and rolls to save time.

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i've got a decent sized options portfolio. mostly short premium strategies, selling puts and calls, managing deltas, rolling positions when needed. the problem is i spend like 2 hours every morning just checking everything. which positions are close to being assigned, which deltas are out of whack, which rolls i need to do. it's exhausting.

i know some people use scripts to monitor their portfolio and send alerts. but i'm wondering if there's a way to actually execute adjustments automatically based on rules.

like if delta goes above 0.70, roll the strike. if vix spikes, close some positions. if assignment risk is high, buy back the option.

i heard about some thing for metatrader. not sure if it works for options or just forex spot. but the idea of connecting a trading account to a custom script sounds like what i need.

the thing is i trade options on stocks not forex. so metatrader isn't really my platform. but the concept of an api bridge seems useful regardless.

does anyone here use anything similar for their options trading? maybe tos has an api? or tasty? i know ibkr has one but it looks complicated. trying to cut down my morning routine. feels like i'm spending more time managing than actually analyzing new opportunities

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