ThetaGang Bot: Testing Automated Wheel Trades With Paper Trading
I have been looking at ThetaGang, an open-source trading bot designed for options traders who want to automate parts of the wheel strategy and other premium-selling workflows. The project describes itself as a configurable bot that started with a basic wheel implementation and has expanded into broader portfolio automation, including cash management, share rebalancing, VIX call hedging, exchange-hours controls, and position-management rules. This is not a “set it and forget it” money machine. It is a tool for turning a written trading plan into repeatable actions. That distinction matters because short-options strategies can still lose money quickly in volatile or strongly trending markets. ...