Here are the executions of the first batch of AI driven trades. Back on January 2, I entered two trades based on AI recommendations. The goal was to earn ~1% return within a 30 day window and have zero or minimal losses.
Here is the screen shot of the executed trades. Note that the values fluctuate minute by minute which is why there is red/green on the screen.
AI recommended the following:
For January, I bought 100 shares of IWM at $247.05 then
- Sell 1 January 30 $250 call for $3.73
- Buy 1 January 30 $247 put for $4.51
This trade should yield either a gain of 1.39% or a loss of 0.01% (couldn’t get it to zero because of slippage)
For February, I bought 100 shares of IWM at $246.57 then
- Sell 1 February 20 $249 call for $5.94
- Buy 1 February 20 $247 put for $6.18
This trade should yield a gain of 1% and no loss or gain.
The difficulty in executing these trades is volatility and the dynamic nature of the market. I plan on tweaking things so that there is less slippage.
I will write a follow up post on January 30 to note the outcome.
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Are you trading or investing with AI yet?