IronCondorLiveDashboard

Dashboard to Monitor 0dte Option Selling Strategies

3 Iron Condor Strategies. $10, $20, and $30 Wings.

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Table of Contents

1. About The Project
   • Iron Condors Explained
   • Strategy
2. Roadmap
   • Design
   • Prototype
   • Deploy
3. Built With
4. Prerequesites
5. Contributing
6. Contact
7. Acknowledgments

About The Project

The goal with this project is to design, build, monitor and eventually go live with an automated strategy.

Key Unknowns:

• Can a strategy work without human intervention?
• Which exit strategy works best for different Condors?
• How to automate TDA API to exit the trade in chaotic conditions?

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Iron Condors Explained

Strategy

1. Sell both wings at the open. 1% above and below the opening price.

    $10 Wing Strategy Example with SPX open price of 4500:
        Left Wing:
        * Sell 4455 Put @ .50
        * Buy  4435 Put @ .40
        Credit = $10
   
        Right Wing:
        * Sell 4545 Call @ .50
        * Buy  4555 Call @ .40
        Credit = $10
   
        Total Credit = $20
    
2. Set a stop loss for both wings at 5x the credit received.

    $10 Wing Exit Strategy Example with SPX open price of 4500
   
        Stop Loss = Total Credit x 5
        Stop Loss = $100
   
        Left Wing:
        * Buy   4455 Put
        * Sell  4435 Put
        Exit @ Spread Value of 1.00
   
        Right Wing:
        * Buy   4545 Call
        * Sell  4555 Call
        Exit @ Spread Value of 1.00
   
        

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Road Map

Preparation:

• Create Repo with README (Jan 1)
• Fill out Roadmap

Design:

• Create low-fidelity wireframe
• Add basic logic of the strategy

Prototype:

• Build Front-End structure in Angular
• Setup API to backend
• Build database
• Build TDA API data retrieval in Python

Deploy:

• Create subdomain on AWS
• Upload Basic Front-end to S3 Bucket
• Upload Version 1 Front-End to S3 Bucket
• Host Python data retrieval script. (Where?. EC2 or local or?)
• Backend API deploy to Deta (Jan 4)
• Deta database created (Jan 4)

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Design

Wireframe

Version1:

Prototype

Deploy

Domain(With starter Front-End): https://condor.2187.io

Installation

1. Clone the repo

   git clone https://github.com/2187Nick/IronCondorLiveDashboard.git
2. Install NPM packages

   npm install

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Built With

• 

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Prerequisites

• npm

  npm install npm@latest -g

Contributing

Any contributions you make are greatly appreciated.

If you have a suggestion that would make this better, please fork the repo and create a pull request. You can also simply open an issue with the tag "enhancement". Don't forget to give the project a star! Thanks again!

1. Fork the Project
2. Create your Feature Branch (git checkout -b feature/AmazingFeature)
3. Commit your Changes (git commit -m 'Add some AmazingFeature')
4. Push to the Branch (git push origin feature/AmazingFeature)
5. Open a Pull Request

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Contact

@2187Nick - [email protected]

https://github.com/2187Nick/IronCondorLiveDashboard

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Acknowledgments

Notable Resources:

• Font Awesome

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