Documentation Index

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Strategies

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The Today tab of TradeMachine® has 14 pre-built options strategies that scan every 30 minutes during market hours for intraday triggers. You can view these on the "Today" tab in TradeMachine®, and you can also set up email alerts for these triggers.

Overview of Today Tab Options Strategies

Spread the Selloff (Experience Level: Advanced)

  • 1x3x2 short put broken wing butterfly

  • 3 legs

Bollinger Buy the Dip (Experience Level: Advanced)

  • Long call diagonal

  • 2 legs

MACD Momentum (Experience Level: Advanced)

  • Long call diagonal

  • 2 legs

Buy the Sell-off (Experience Level: Advanced)

  • Long call diagonal

  • 2 legs

Buy the Dip (Experience Level: Beginner)

  • Long call

  • 1 leg

Fade the Dip (Experience Level: Intermediate)

  • Short put spread

  • 2 legs

Long Strangle Technical (Experience Level: Intermediate)

  • Long strangle

  • 2 legs

Bullish Bursts (Experience Level: Beginner)

  • Long call

  • 1 leg

Bearish Bursts (Experience Level: Beginner)

  • Long put

  • 1 leg

Pre Earnings: 14-day Diagonal (Experience Level: Advanced)

  • Long call diagonal

  • 2 legs

Pre Earnings: 3-day, 7-day, and 14-day Call (Experience Level: Beginner)

  • Long call

  • 1 leg

Post Earnings: Short Put Spread (Experience Level: Intermediate)

  • Short put spread

  • 2 legs


The Today tab also includes 9 stock technical breakout scans.

Pre Earnings: 7-day Momentum - Long Stock (Experience Level: Intermediate)

  • Open: Stock > SMA50Days and 7 days before earnings

  • Custom Earnings: Open 7 days before earnings, Close 1 day before earnings

  • Close: 1 day before earnings or After Open 22 Trading Days

Pre Earnings: 14-day Momentum - Long Stock (Experience Level: Intermediate)

  • Open: Stock > SMA50Days and 14 days before earnings

  • Custom Earnings: Open 14 days before earnings, Close 1 day before earnings

  • Close: 1 day before earnings or After Open 22 Trading Days

Big Bollinger Recovery Breakout (Experience Level: Intermediate)

  • Open: Stock Price Crosses Up Through Bollinger Bands Lower Band

    • Bollinger Band Setup: SMA 20 Days band width of 3 Standard Deviations

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

Small Bollinger Recovery Breakout (Experience Level: Intermediate)

  • Open: Stock Price Crosses Up Through Bollinger Bands Lower

    • Band Bollinger Band Setup: SMA 20 Days band width of 2 Standard Deviations

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

Small Bollinger Upside Breakout (Experience Level: Intermediate)

  • Open: Stock Price Crosses Up Through Bollinger Bands Upper Band and Stock < SMA200Days

    • Bollinger Band Setup: SMA 20 Days band width of 2 Standard Deviations

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

Classic Oversold (Experience Level: Beginner)

  • Open: RSI14Days < 30

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

CML Oversold (Experience Level: Intermediate)

  • Open: RSI14Days < 25 and StockMovePercent <= -0.01

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

MACD Breakout (Experience Level: Intermediate)

  • Open: MACD Fast EMA 12 Days Slow EMA 26 Days Crosses Up Through Signal EMA 9 Days and Stock Price Below Bollinger Bands Upper Band and Stock < SMA200Days

    • Bollinger Band Setup: SMA 20 Days band width of 2 Standard Deviations

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days

Three Inside Up with RSI (Experience Level: Advanced)

  • Open: Three Inside Up and RSI14Days < 60 and Stock < EMA21Days

  • Never Trade Earnings

  • Close: 2 days before earnings or After Open 22 Trading Days


TradeMachine®'s ProScan tab covers over 30 options strategies and filters back-tests by minimum performance metrics.

This tool helps our members spark new ideas and build their personal alerts portfolio.

Overview of Proscan Strategies:

Covered Calls (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting:

    • 1x long stock

    • 1x short 30 delta call near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: Immediately

Short Put Spread (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x short 40 delta put near 30 days to expiration

    • 1x long 10 delta put near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: Immediately

Long Straddles (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta call near 30 days to expiration

    • 1x long 50 delta put near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: Immediately

Bull Squeeze Call Spread (Experience Level: Intermediate)

  • Open Conditions: Bull Squeeze

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 90 delta call near 15 days to expiration

    • 5x short 40 delta call near 15 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

Bear Squeeze Put Spread (Experience Level: Intermediate)

  • Open Conditions: Bear Squeeze

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 90 delta puts near 30 days to expiration

    • 5x short 50 delta puts near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Bull Squeeze Long Call (Experience Level: Intermediate)

  • Open Conditions: Bear Squeeze

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 15 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 50%, if losses are above 50%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Bull Mammoth Call (Experience Level: Intermediate)

  • Open Conditions: Bull Mammoth

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 70 delta calls near 14 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

Bear Mammoth Put Spread (Experience Level: Intermediate)

  • Open Conditions: Bear Mammoth

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 90 delta puts near 14 days to expiration

    • 5x short 50 delta puts near 14 days to expiration

  • Earnings: Nothing Special

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Technical Long Strangles (Experience Level: Intermediate)

  • Open Conditions: Stock crosses down through 200 Day SMA, Stock < EMA10Days

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 40 delta calls near 14 days to expiration

    • 5x long 40 delta puts near 14 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 20%, after the trade is open for 10 trading days, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Bullish Technical Bursts (Experience Level: Intermediate)

  • Open Conditions: Stock Crosses Up Through EMA 10 Days, Stock > SMA200Days, SMA50Days > Underlying Price, RSI20Days < 70

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 14 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 60%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Bearish Technical Bursts (Experience Level: Intermediate)

  • Open Conditions: Stock Crosses Down Through SMA 200 Days, Stock < SMA50Days, RSI20Days > 30

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta puts near 14 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 60%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Buy the Dip (Experience Level: Beginner)

  • Open Conditions: Stock Crosses Up Through SMA 200 Days, Stock > EMA10Days, RSI20Days < 70

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 50%, if losses are above 50%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

Fade the Dip (Experience Level: Intermediate)

  • Open Conditions: Stock Crosses Up Through SMA 200 Days, Stock > EMA10Days, RSI20Days < 70

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x short 40 delta puts near 30 days to expiration

    • 5x long 30 delta puts near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 50%, or at expiration of the options used.

  • Open Next Trade: At Normal Time

Fade the Dip AI (Experience Level: Advanced)

  • Open Conditions: Stock Crosses Up Through SMA 200 Days, Stock > EMA10Days, RSI20Days < 70, Skew1Yr > 0, Kurtosis1Yr > 1

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x short 40 delta puts near 30 days to expiration

    • 5x long 30 delta puts near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 50%, or at expiration of the options used.

  • Open Next Trade: At Normal Time

Buy the Sell-off (Experience Level: Intermediate)

  • Open Conditions: RSI14Days < 25, StockMovePercent <= 0

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 60 days to expiration

    • 1x short 20 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: RSI14Days > 40, or at expiration of the options used.

  • Open Next Trade: At Normal Time

Bollinger Buy the Dip (Experience Level: Advanced)

  • Open Conditions: RSI14Days < 30, Stock Price Crosses Down Through Bollinger Bands Lower Band Bollinger Band Setup: SMA 20 Days band width of 2 Standard Deviations

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 60 days to expiration

    • 1x short 20 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade:  At Normal Time

Bollinger Buy the Dip AI (Experience Level: Advanced)

  • Open Conditions: RSI14Days < 30, Stock Price Crosses Down Through Bollinger Bands Lower Band Bollinger Band Setup: SMA 20 Days band width of 2 Standard Deviations, Kurtosis1Yr > 1

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 60 days to expiration

    • 1x short 20 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

MACD Momentum (Experience Level: Advanced)

  • Open Conditions: RSI14Days < 40, MACD Fast EMA 12 Days Slow EMA 26 Days > Signal EMA 9 Days

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 60 days to expiration

    • 1x short 20 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

Three Inside Up w/ RSI (Experience Level: Intermediate)

  • Open Conditions: Three Inside Up, RSI14Days < 60, Stock < EMA21Days

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 60 days to expiration

    • 1x short 20 delta calls near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

Spread the Selloff AI (Put 1x3x2) (Experience Level: Advanced)

  • Open Conditions: In last 30 Days, stocked moved Down -10% or more, Stock < SMA200Days, Skew6Mo < 0, Kurtosis1Yr < 0

  • Details on Options TradeMachine is Selecting: 3 legs

    • 1x long 37 delta put near 30 days to expiration

    • 3x short 25 delta put near 30 days to expiration

    • 2x long 10 delta put near 30 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 80%, or at expiration of the options used - close all legs with front of month options

  • Open Next Trade: At Normal Time

Long Strangles (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 20 delta call near 7 days to expiration

    • 1x long 10 delta put near 7 days to expiration

  • Earnings: Only Trade Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: Immediately

7 Days Post, Long Straddle (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 50 delta call near 14 days to expiration

    • 5x long 50 delta put near 14 days to expiration

  • Earnings: Custom Earnings: Open Position 1 Day After Earnings, Close Position 7 Days After Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

1 Month Post, Short Put Spread (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 30 delta puts near 40 days to expiration

    • 5x long 10 delta puts near 40 days to expiration

  • Earnings: Custom Earnings: Open Position 2 Day After Earnings, Close Position 29 Days After Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

21 Days Post, Short Iron Condor (Experience Level: Advanced)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 4 legs

    • 5x short 35 delta calls near 30 days to expiration

    • 5x short 35 delta puts near 30 days to expiration

    • 5x long 15 delta calls near 30 days to expiration

    • 5x long 15 delta puts near 30 days to expiration

  • Earnings: Custom Earnings: Open Position 2 Day After Earnings, Close Position 21 Days After Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

1 Day After Earnings Jump, Long Call (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 50 delta calls near 21 days to expiration

  • Earnings: Custom Earnings: Open Position 1 Day After Earnings, Close Position 14 Days After Earnings, Only trade if the last earnings stock move was: Up 3%

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

1 Day After Earnings Drop, Long Put (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 50 delta puts near 21 days to expiration

  • Earnings: Custom Earnings: Open Position 1 Day After Earnings, Close Position 14 Days After Earnings, Only trade if the last earnings stock move was: Down 3%

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

1 Month Post, Technical Short Put Spread (Experience Level: Intermediate)

  • Open Conditions: Stock > SMA50Days, RSI20Days < 70

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x short 30 delta puts near 30 days to expiration

    • 5x long 10 delta puts near 30 days to expiration

  • Earnings: Custom Earnings: Open Position 2 Day After Earnings, Close Position 29 Days After Earnings, Only trade if the last earnings stock move was: Up 0.1%

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

6 Days Pre, Vol Scalp (Experience Level: Advanced)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 4 legs

    • 5x long 50 delta calls near 30 days to expiration

    • 5x long 50 delta puts near 30 days to expiration

    • 5x short 50 delta puts near 7 days to expiration

    • 5x short 50 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 6 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

3 Days Pre, Long Call (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 1 leg

    • 1x long 40 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 3 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

7 Days Pre, Long Call (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 1 leg

    • 1x long 40 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 7 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

14 Days Pre, Long Call (Experience Level: Beginner)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 1 leg

    • 1x long 40 delta calls near 30 days to expiration

  • Earnings: Custom Earnings: Open Position 14 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

4 Days Pre, Long Straddle (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 50 delta calls near 7 days to expiration

    • 5x long 50 delta puts near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 4 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

7 Days Pre, Long Straddle (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 50 delta calls near 7 days to expiration

    • 5x long 50 delta puts near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 7 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

14 Days Pre, Long Straddle (Experience Level: Intermediate)

  • Open Conditions: No Technical Open Conditions

  • Details on Options TradeMachine is Selecting: 2 legs

    • 5x long 50 delta calls near 30 days to expiration

    • 5x long 50 delta puts near 30 days to expiration

  • Earnings: Custom Earnings: Open Position 14 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

3 Days Pre, Long Call Technical (Experience Level: Beginner)

  • Open Conditions: Stock > SMA50Days

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 7 days to expiration

  • Earnings: Never Trade Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

7 Days Pre, Long Call Technical (Experience Level: Beginner)

  • Open Conditions: Stock > SMA50Days

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 7 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

14 Days Pre, Long Call Technical (Experience Level: Beginner)

  • Open Conditions: Stock > SMA50Days

  • Details on Options TradeMachine is Selecting: 1 leg

    • 5x long 40 delta calls near 30 days to expiration

  • Earnings: Custom Earnings: Open Position 14 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: Close if gains are above 40%, if losses are above 40%, or if neither of those are reached at expiration of the options used.

  • Open Next Trade: At Normal Time

14 Days Pre Bullish Diagonal (Experience Level: Advanced)

  • Open Conditions: Stock > SMA50Days

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 14 days to expiration

    • 1x long 30 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 14 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time

14 Days Pre Bullish Diagonal AI (Experience Level: Advanced)

  • Open Conditions: Stock > SMA50Days, Kurtosis1Yr > 1

  • Details on Options TradeMachine is Selecting: 2 legs

    • 1x long 50 delta calls near 14 days to expiration

    • 1x long 30 delta calls near 7 days to expiration

  • Earnings: Custom Earnings: Open Position 14 Days Before Earnings, Close Position 1 Day Before Earnings

  • Close Conditions: At Expiration - Close all legs with front of month options. No Technical Close Conditions.

  • Open Next Trade: At Normal Time