What is Homemade Options?
Quick answerA tool that cooks one kind of options trade from scratch every trading day: at 3:00 PM ET it reads the live option chain and serves up to 3 ready tickets, each a bullish call debit spread, and only when it is on sale under the 43¢ Rule.
The details
- At 3:00 PM ET we check every ticker on the menu: the index funds, the big names and the sector funds.
- The ones at a fresh 20-day high go In the Oven. For each one we price a call debit spread from its live option chain.
- Only on-sale spreads are served: 43¢ or less for every 1 dollar of width (the 43¢ Rule).
- Up to 3 tickets a day land on your dashboard, each with the strikes, the expiry and the most to pay.
Then you fill it by 4:00 PM ET, set one sell order at +40%, and the 10-session timer does the rest (how to take a ticket).
A tool to find cheap spreads, not advice. Every spread can lose what you paid for it.
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