Automated Options Trading - Whispertrades (2024)

Hook directly into your existing brokerage account and let our bots automatically execute your trading strategies for you. Only pay for the bots that you use, while you are using them - no monthly or long-term commitments!

Get started

Automated Options Trading - Whispertrades (1)

We make trade automation easy and accessible

Automated trading at a price you can afford

With active options trading becoming more popular and affordable, it's time to make it easier as well. If you follow an options strategy with mechanical rules, you can automate its execution by leveraging our bots.

Easy to use

Our bots require no software and no programming! You drive everything from our simple web interface, accessible worldwide on any device with an internet connection.

Performance monitoring

When your bots trade, you'll see the results immediately in your Whispertrades account. This includes detailed trade logs, performance charting, and comparisons against market benchmarks.

Fast execution

Speed matters! Don't sit around and wait for a slow bot to react. Our bots monitor your trades non-stop, all day long and can probably react to market conditions faster than you can yourself!

Deep insights into

The life of a trade

Go back and look at the minute by minute performance of any of your trades to see just how good (or bad) it was

Automated Options Trading - Whispertrades (2)

Popular multi-leg

Options strategies supported

Let our bots handle the chore of scanning the options chain and assembling complicated orders with multiple contracts

Short puts and calls

Long puts and calls

Credit spreads

Debit spreads

Straddles

Strangles

Iron condors

Iron butterflies

Beautiful charts

Powerful analytics

Gain deep insight into your trading performance to identify where you're succeeding - or falling short

Automated Options Trading - Whispertrades (3)

Run against industry benchmarks
how you're performing compared to the market. See industry-standard metrics such as CAGR, Drawdown, Sharpe, Sortino, and MAR ratio.

Slice and dice your data
on demand and save your custom reports to reference later. You'll have a link to share with a friend if you'd like!

View high level or dive deep
into performance statistics. Analyze your entire portfolio, individual strategies, months, or days of the week to identify performance patterns and trends.

Automated Options Trading - Whispertrades (4)

TradingView Integration

Use webhooks to open and close trades using any of TradingView's thousands of indicators. Execute options trades from TradingView!

API Ready

Have programming chops? Hook into our own REST API to view and manage your portfolio and trades from your own software or interface.

Automated Options Trading - Whispertrades (5)

Automated Options Trading - Whispertrades (6)

Enterprise-grade security

The security of your investments is of the utmost importance, and that is why we use multiple layers of protection and follow best practices to protect your account and your data.

You maintain complete control over the bots while they are working, including visibility of what they are doing from both the Whispertrades platform and also your brokerage account.

With 99.9% uptime and industry-standard security, rest well knowing that your investments are in good hands.

Launch date
March 2021

Contracts traded
3.3M+

Join hundreds of others automating their trading with our bots →

Frequently asked questions

Automated options trading is a form of options trading that will automatically execute trades to open and close positions based on rules and parameters that you provide. If you have a trading strategy that follows mechanical rules, there is no need to babysit the strategy yourself. Simply feed the instructions to a computer and let the computer manage the trades for you.

Whispertrades provides an affordable and easy-to-use platform where you can set up your mechanical trading strategies for the Whispertrades service to execute on your behalf - automatically via trading "bots."

An "automated trading bot" is just a techy word for a trading strategy that is automated. It is a set of rules that you provide to a computer (in our case via the Whispertrades website) for the computer to execute for you. We like to refer to each strategy as a "bot", which is shorthand for "robot." It is sort of a term of endearment for our fearless workers.

Unfortunately, we do not. However, our entry price is very, very low. You can start trading your strategy with 1 bot for just $1.10 per trading day - no monthly subscriptions or long-term commitments. You can stop payment and stop trading immediately, at any time.

We do not charge any extra fees or commissions based on number of trades or volume of trades. We charge based on the number of bots that you have running at any given time. To estimate your bot cost, check out our pricing calculator.

No, Whispertrades is not a broker, and you do not deposit any funds with us. We don't actually trade or hold your securities for you. Your funds and your securities remain with your current broker. You will establish a connection from Whispertrades to that broker, and then we will send order requests to your current broker based on the automated trading strategies that you configure.

We currently support Charles Schwab, tastytrade, and Tradier clients and are working on adding support for more brokers.

Yes, you can connect as many brokerage accounts as you would like. This includes multiple brokerage accounts from the same broker. If you have multiple accounts with one broker and multiple with another, you can connect just some or all of them to Whispertrades.

Yes! We've developed our own paper trading platform, and you can use our bots just to paper trade, if you would like, without connecting a real brokerage account.

Yes! All trades executed by the bot will be visible in your brokerage account and will look just like any other trade that you make yourself. The same is true for positions opened by the bot. Those will also show up in your brokerage account.

Yes, you have complete control over our automated trading bots and can pause them at any time. Once you pause them, all orders will stop, no new orders will be placed, and you will not incur charges for that bot in your Whispertrades account. If you change your mind and want to start back up again later, you can easily do that as well. You will not pay for bots that you do not use.

Nope! All bot configuration is done via a simple web interface that you can access from any device, anywhere in the world with an internet connection. No programming and no overly complicated screens.

We do not. This is not a signal service or robo advisor. We do not provide sample strategies or templates or make recommendations for trading parameters. Any trading strategies that you wish to automate with our bots are strategies that must be created by you.

The best place to learn more would be in our guide. If you can't find what you need there, feel free to send us a message via our contact form or hop in our Discord server where you can chat live with staff members and other Whispertrades users.

Automated Options Trading - Whispertrades (2024)

FAQs

Can options trading be automated? ›

Automation, Speed and Efficiency: Algorithmic trading involves using computer algorithms to systematically execute trades automatically based on predefined criteria. This automation can be especially beneficial in options trading, where timing and speed are crucial.

What is the best bot for options trading? ›

SpeedBot is highly recommended to anyone looking for a convenient and effective way to invest. SpeedBot provides a user-friendly interface and the most advanced Algo Trading features. Create Option strategies and backtest option strategies with accuracy and efficiency.

Is automated trading effective? ›

The Bottom Line. Although appealing for a variety of reasons, automated trading systems should not be considered a substitute for carefully executed trading. Technology failures can happen, and as such, these systems do require monitoring.

Has anyone gotten rich from options trading? ›

Not everyone can be a successful options trader. However, some can and do get quite rich trading options. Becoming a successful options trader requires a specific skill set, personality type, and attitude, like any undertaking. These are not beyond your reach if you truly desire to learn.

What is the trick for option trading? ›

Avoid options with low liquidity; verify volume at specific strike prices. calls grant the right to buy, while puts grant the right to sell an asset before expiration. Utilise different strategies based on market conditions; explore various options trading approaches.

Are options trading bots profitable? ›

Options Bot

Options are one of the toughest financial tools to grasp, but their high potential for profit compensates for this difficulty. It is critical to understand the core ideas of options before trading them. Let's look at different strategies.

Which platform is best for automated trading? ›

1. eToro: Best Overall Automated Trading Platform in 2024. eToro tops our list of best automated trading platforms due to its user-friendly features and multi-asset trading options. It offers over 5000 assets, including 90+ cryptocurrencies, as well as stocks, bonds, indices, commodities, and funds.

Can you really make money with automated trading? ›

Based on the chosen strategies and capital allocation, the traders can make a lot of money while trading on the Algo Trading App. On average, if a trader goes for a 30% drawdown and uses the right strategy, they can make a whopping return of around 50 to 90%.

Which AI bot is best for trading? ›

Top 15 AI Day Trading Bots & Platforms
  1. OANDA Trading Platform. Description: OANDA's trading platform is a comprehensive and user-friendly tool designed to cater to the needs of both novice and experienced traders. ...
  2. OKX Trading Bot. ...
  3. Pionex. ...
  4. 3Commas. ...
  5. Learn2Trade. ...
  6. Cryptohopper. ...
  7. Mizar. ...
  8. Cryptorobotics.
May 14, 2024

Who is the king of option trading? ›

Some of the best options traders in India are Rakesh Jhunjhunwala, Premji and Associates and Radhakrishnan Damani.

Why do most people fail at options trading? ›

Why Do Most People Fail At Options Trading? Most people fail at options trading because they have not taken the time to learn how options work and how volatility affects options pricing.

How do you never lose in option trading? ›

The option sellers stand a greater risk of losses when there is heavy movement in the market. So, if you have sold options, then always try to hedge your position to avoid such losses. For example, if you have sold at the money calls/puts, then try to buy far out of the money calls/puts to hedge your position.

Is there an AI for options trading? ›

In options trading, AI can quickly analyze historical data to recognize trends, support and resistance levels, and other key indicators used in technical analysis. - By identifying these patterns, traders can make more informed decisions about when to enter or exit options positions.

Can I use a bot to trade options? ›

Automate trading strategies with bots. Run fully automated strategies for options or stocks with no coding required. Stop trading your time and start optimizing your portfolio with bots.

How to trade options algorithmically? ›

Algorithmic Trading Strategies

The practice involves buying an instrument at one location and immediately selling it at another exchange where its price has increased. Arbitrage is the process of exploiting market inefficiencies for short-term profits. Arbitrage is very popular with algorithmic trading strategies.

Can you make a living off options trading? ›

How Much Does an Options Trader Make? It's realistic for an options trader to make at least $100,000 per year or more full-time, but it's important to realize that most traders won't make this amount. It takes hard work, mental discipline, and proper capital for a trader to make this kind of money.

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