watch

Below is an active wheel trade processed by state machine. The trade management criteria were predefined.

Here is an excellent overview of the wheel:

https://www.schwab.com/learn/story/three-things-to-know-about-wheel-strategy

Check back to watch this trade evolve.

This trade is based upon the wheel option strategy. Position selection and order entry are fully automated. A JSON configuration file is used to set product selection parameters. It also has a hedge rules engine that monitors risk surfaces.

Text messages: program down, by symbol price crosses anchor, stop breached, and trade texts from broker.