Automate options trading strategies using TradingView alerts and execute trades seamlessly through supported brokers. PickMyTrade lets you control strikes, expiries, and risk management while removing manual execution from your workflow.
This page covers Options as an asset class. Broker-specific setup guides are linked where applicable.
Automated options trading allows you to convert TradingView indicator or strategy alerts into live options orders at your broker. Instead of placing trades manually, PickMyTrade listens for alerts, applies your predefined rules, and executes the correct options contract automatically.
This enables faster execution, reduced emotional bias, and consistent risk management — all while keeping full control over your trading logic. PickMyTrade integrates directly with platforms like TradingView and supported brokers to make options automation reliable and flexible.
Faster Execution
No Emotional Bias
Consistent Risk Rules
Alert Triggered
A TradingView indicator or strategy alert fires.
Alert Interpreted
PickMyTrade determines Call or Put, strike logic (ATM, ITM, OTM, Strike Away), and expiry type.
Risk Rules Applied
Stop Loss, Take Profit, Trailing Stops, and optional legs are attached automatically.
Order Executed
The options order is routed to your connected broker and executed instantly.
PickMyTrade supports automated options trading with the following brokers.
Feature availability may vary by broker, exchange, and instrument type.
Understanding these concepts is essential for effective options automation.
| Term | Explanation |
|---|---|
| Call Option | Right to buy an asset at a fixed price before expiration |
| Put Option | Right to sell an asset at a fixed price before expiration |
| Strike Price | Price at which the option can be exercised |
| Expiration Date | Date the option contract expires |
| Premium | Cost paid to purchase the option |
| Lot Size | Number of shares per contract (typically 100) |
| In-The-Money (ITM) | Option has intrinsic value |
| Out-Of-The-Money (OTM) | Option has no intrinsic value |
PickMyTrade supports both TradingView alert types:
| Alert Type | When to Use |
|---|---|
| INDICATOR | RSI, EMA, VWAP, custom indicators |
| STRATEGY | Pine Script strategies with defined entries/exits |
Use INDICATOR alerts when managing exits via PickMyTrade.
Use STRATEGY alerts when exits are fully controlled in TradingView.
When configuring automation, select Options as the instrument type. This ensures correct contract mapping, strike selection, and risk calculations.
Supported option instruments include: Equity Options and Futures Options (broker-dependent).
| Option Type | Market Bias | Example |
|---|---|---|
| Call | Bullish | Buy an AAPL Call expecting price to rise |
| Put | Bearish | Buy a TSLA Put expecting price to fall |
PickMyTrade dynamically selects strikes based on real-time market prices and your rules.
| Strike Type | Description |
|---|---|
| At-The-Money (ATM) | Closest strike to market price |
| In-The-Money (ITM) | Higher probability, higher cost |
| Out-Of-The-Money (OTM) | Higher leverage, higher risk |
| Strike Away | Offset strikes from market price |
ITM: Safer, more conservative automation
ATM: Most common for TradingView-based strategies
OTM: Aggressive, lower win rate
PickMyTrade supports relative expiry logic, allowing strategies to adapt automatically.
| Expiry Type | Description |
|---|---|
| Current Day | Same-day expiry |
| Next Day | T+1 expiry |
| Current Week | Weekly options |
| Next Week | Following week |
| Current Month | Monthly expiry |
| Next Month | Following month |
Short-dated options carry higher time-decay (theta) risk.
Position handling follows broker-specific execution rules.
| Action | Result |
|---|---|
| Buy | Opens a Call (or long options logic) |
| Sell | Opens a Put (or bearish options logic) |
| Close | Closes all open option positions |
Symbol mapping is optional and required only when using:
This ensures accurate tick size, lot size, and contract valuation for your options automation setup.
Fixed Quantity
Trade a fixed number of contracts per alert.
Risk Percentage Recommended
Automatically size positions so the maximum loss equals a percentage of account balance.
PickMyTrade provides advanced, broker-aware risk controls.
Availability depends on broker and instrument type.
PickMyTrade supports running the same options strategy across multiple accounts simultaneously.
Ideal for:
TradingView alerts are transmitted as structured JSON payloads containing all the information PickMyTrade needs to execute your options trade.
Options trading involves significant risk, including the possibility of losing 100% of the premium paid. Automated systems execute based on predefined rules and may not adapt to sudden market changes.
PickMyTrade does not provide trading signals or investment advice. Always test strategies in simulation or paper trading before deploying live capital.
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You can automate equity options and futures options (broker-dependent) through PickMyTrade. Supported brokers include Interactive Brokers and TradeStation. Feature availability may vary by broker, exchange, and instrument type.
PickMyTrade dynamically selects strikes based on real-time market prices and your predefined rules. You can choose ATM (at-the-money), ITM (in-the-money), OTM (out-of-the-money), or a specific Strike Away offset from current market price.
No coding required. PickMyTrade is a no-code solution. Simply connect your broker, copy the webhook URL, and paste it into TradingView. Setup takes under 5 minutes.
Yes. PickMyTrade supports multiple broker accounts under one login, multiple PickMyTrade accounts, and quantity multipliers per account. Ideal for fund managers, prop traders, and strategy replication across accounts.
Yes. PickMyTrade offers a free trial with full access to all Options automation features. Always test your strategies using paper trading before deploying live capital.
Connect your broker, configure TradingView alerts, test using paper trading, and deploy with confidence.