What it does
Checks live market conditions every morning and tells you whether it's safe to sell a
1-day 4% OTM SPY put option on Interactive Brokers — a strategy designed to collect
~$40–55 premium per contract while waiting for a market dip to deploy into TECL.
The 4 rules
Pre-market gap > -1%
No FOMC / CPI / NFP today
VIX < 30
Not 3+ down days in a row
Based on 5 years of SPY data: only 5 days breached 4% OTM in a single day —
all were avoidable with these rules.
The strategy
Sell 2 contracts per day when conditions are green. Collect ~$90–100 net after
commission. If assigned, you buy SPY ~4% below market — which is exactly the dip
you wanted anyway. Reserve capital (SHYG/JPST) stays untouched for TECL deployment
when markets turn truly bearish.
Data sources
Live SPY and VIX data via Yahoo Finance, fetched in real time on every refresh.
Macro calendar (FOMC, CPI, NFP dates) is hardcoded and updated periodically.
This tool is for personal research only — not financial advice.