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#193 - Option Alpha's New Autotrade Platform For Options: Hey everyone. This is Kirk here again at optionalpha.com and welcome back to the daily call. Today, we are going to be talking a little bit more about our new auto-trading platform for options. As we've hinted to and alluded to many, many times before...

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Hey everyone. This is Kirk here again at optionalpha.com and welcome back to the daily call. Today, we are going to be talking a little bit more about our new auto-trading platform for options. As we've hinted to and alluded to many, many times before in the past, we are now in the final stages. We’re probably about 30 to 45 days out here from releasing our new auto-trading platform for traders. Again, this is revolutionary software that we’re going to be releasing. Nobody has this. No broker, no website, no hedge fund. Nobody has what we’re building. It's completely proprietary to us and I wanted to give you some of my thoughts on why we’re doing this and what it will look like in the future. Now, of course, we’re going to be adapting and changing this thing on-the-fly, on the move if you will with feedback that we get from our users. There’s kind of a core foundation to this platform and this technology that we’ve built and of course, we want to get a lot of feedback from users and once we start releasing that software to our elite and our lifetime members first, I'm sure we’re going to get some ideas and some feedback on how we can improve and tweak the system to make it a lot better for you guys. But the whole idea behind our new auto-trading platform is really to reduce the time drag that you guys have in trading options. Now, I’ve known that this is an issue for many years. In fact, I talked about why auto-trading is going to be the future of options trading almost a year and a half ago in a weekly podcast that we did. But the reality is that more than 90% of the trading that happens in the market is done by computers and I’m not just saying computers that we are using to then manually click. I think that a manual click or a manual entry is going to be a thing of the past. It’s going to be something that we’ll look back on and wonder to ourselves, “I can't believe we used to do that.” It's probably like making a phone call and having an operator on the other end connect you to somebody else. It's going be that archaic in a couple of years. And so, we want to be on the forefront of that and we want to be a leading factor in making sure that whatever auto-trading platforms that are built are built with the scalability and with the functionality that can facilitate and manage basically anything that your mind can come up with or can create. Our auto-trading platform is going to be very, very user-friendly to people who are coders, but then also to people who are not. We’re going to have a lot of templated strategies in there that you can use based on our back-testing and research. But then if you do have the ability to then code or your own strategy, you’ll have full functional capacity to code your own strategy in our platform. That's really cool because now, what we can start to get into is this crowd-sourced development of trading ideas. What I’ve wanted to do for a long time is I wanted to tap into the resources and to the knowledge that we have in the Option Alpha community. We've got nearly 100,000 traders in our community and by far, that's probably one of the biggest options communities out there and we know that we've got a really smart very successful traders. Well, now, we can start tapping into that by creating bots around those strategies and people can choose to share their bots publicly with the rest of the community. If Joe creates a bot and that bot does really well and that trading strategy is performing very well because we can all see the stats of that… We can’t see his account and how much money he has in his account. We keep all of the things private that need to be private obviously. But as far as returns and win rates and drawdowns, we can see that and from one click, we can go over a copy or clone that bot that Joe is trading and then confirm and trade it on our own account. That type of crowd-sourced options trading knowledge and development is something that we've never seen in the market before.

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