Radar Tool
# of Legs
Description
Firebird Gamma Scalping 5 Minute
Delta Neutral Number of Legs
This system will trade stocks on a 5-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.
Firebird Gamma Scalping 2 Minute
Delta Neutral Number of Legs
This system will trade stocks on a 2-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.
Firebird Gamma Scalping 1 Minute
Delta Neutral Number of Legs
This system will trade stocks on a 1-minute chart with manual input (buy, sell, short and cover) as required to maintain a Delta Neutral position. The initial set up of long puts and call is determined in advance and becomes an input to the system. There are several ways to set up a Gamma Scalp trading system. This system is set up to start with a Delta Neutral position which uses long call and puts.
These search files can be uploaded into the TradeStation platform and used in the TradeStation Algo Trading Screen to continuously search for combinations of options directly which have extreme skews. Once identified in the RadarScreen, analysis in OptionStation is necessary to determine if the option combinations offer traders a favourable entry.
Firebird is currently developing a new generation of Option Skew Search tools which will find unique combination spreads directly that may present advantages to option traders. These new tools are not intended to replace the existing search tools, shown above, but will supplement and strengthen the existing tool set. The launch of these new tools is planned for 1st Q 2025.
Disclaimer: Trading involves significant risks. Our algorithms are based on simulated data with inherent limitations and may not accurately predict actual market conditions. While our algorithms are rigorously tested, their past performance does not guarantee future results. Always approach trading with caution and consider potential risks before utilizing any algorithm.
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