Automated options trading
Build options trading bots that auto-trade your strategies in your own Schwab, tastytrade, or Tradier account. Define your entries, exits, and adjustments once, and Whispertrades executes them for you every trading day. No code, no VPS. Only pay for the bots you use, while you're using them.
Start here
Can options trading be automated?
Yes: if your options strategy follows mechanical rules, it can trade itself.
Automated options trading means expressing a strategy as precise rules for what to trade, when to enter, how to size the position, and exactly when to exit, then letting software execute those rules in your brokerage account. The software watches the market on your schedule, scans the options chain, assembles the order, and submits it to your broker the moment your conditions are met. No screens to babysit, no orders to click, no discipline to maintain by hand.
That's what Whispertrades does. You build automated options trading bots in a simple web interface, with no programming, and they trade in your own account while you keep full control and full visibility.
What you need to auto trade options
- A strategy with defined, repeatable rules
- If you can write the rules down, a bot can follow them.
- An account at a supported broker
- Charles Schwab, tastytrade, or Tradier. You can also start with paper trading.
- A platform to run it
- Whispertrades turns your rules into live orders from the cloud, no code required.
Four steps
How to automate options trading
From blank slate to a live automated strategy in one sitting.
-
Connect your brokerage account
Authorize Whispertrades at Schwab, tastytrade, or Tradier through the broker's own secure login. Your funds and positions stay at your broker. We never hold your money. Not ready for a live account? Start with a Whispertrades paper trading account.
-
Build your bot, no code required
Pick the underlying and structure, then define the rules: entry conditions and filters, strike selection by delta, price, or offset, position sizing, profit targets, stop losses, adjustments, and the schedule your bot trades on.
-
Backtest the strategy first
Run your rules against intraday options data on SPX, SPY, QQQ, IWM, and VIX, with realistic fill modeling and trade-by-trade results, from $0.50 per run. Know how the strategy behaved before it touches real money. Explore backtesting
-
Turn it on
Your bot monitors the market and submits orders to your broker automatically. Every decision is logged, every fill can notify you, and you can pause at any time. You only pay for the days your bots run.
No downloads · No VPS · No code
Automated options trading software that runs in the cloud
Desktop automation tools leave you renting a Windows VPS and hoping it stays online. Whispertrades is a fully hosted platform: your bots run on our infrastructure whether your computer is on or off, and you drive everything from a web interface that works on any device.
- No code, no installs
-
Configure every rule from a simple web interface, accessible worldwide on any device. No programming, no scripts, and no software to install, update, or keep running.
- Always watching
-
Bots monitor your positions continuously throughout the trading day and act the moment your rules trigger. No missed exits because you stepped away from the screen.
- Full visibility
-
Every decision your bots make is logged. Watch orders, fills, and P&L in real time in Whispertrades, and see the same trades in your own brokerage account.
The rule engine
Your rules, executed exactly
An automated options trading bot is only as good as the rules you can give it. Whispertrades bots make the same decisions you'd make at the screen, defined precisely and executed without hesitation.
- Entry conditions & filters
- Price levels, technical indicators, volatility, and day/time windows that must pass before a position opens.
- Strike selection
- Choose legs by delta, price, or offset from the underlying, evaluated fresh at every entry.
- Position sizing
- Allocate by capital or contract count. Consistent sizing on every entry, no fat-finger risk.
- Profit targets
- Close winners automatically at a percentage or dollar gain.
- Stop losses
- Monitored stops, trailing stops, and moving-average stops. Pick the exit style that fits the strategy.
- Timed exits
- Exit at a set time of day or after a set number of days in the trade.
- Adjustments
- Roll, close, or modify legs automatically while a position is open.
- Run schedules
- Control exactly when each bot hunts for entries and manages what it holds.
Plus gamma-exposure (GEX) exit conditions, bot variables, webhook triggers, and notifications for everything your bots do.
Single-leg and multi-leg
Options strategies you can automate
Let our bots handle the chore of scanning the options chain and assembling complicated orders with multiple contracts.
- Short puts and calls
- Long puts and calls
- Credit spreads
- Debit spreads
- Straddles
- Strangles
- Iron condors
- Iron butterflies
…and any other structure you can build from long and short calls and puts.
Test first
Backtest it before you trade it
Automation makes a strategy consistent. Backtesting tells you whether it deserves to be. Test your entry and exit rules against intraday options data with realistic fill modeling and full trade-by-trade results, then automate the version that survived.
- Intraday
- Data resolution
- SPX · SPY · QQQ · IWM · VIX
- Backtest symbols
- From $0.50
- Per backtest run
Your broker. Your account. Your money.
Works with Schwab, tastytrade, and Tradier
Whispertrades connects to your existing account through each broker's official API. You authorize the connection at your broker, your funds stay exactly where they are, and every bot order lands in your account like a trade you placed yourself. Connect as many accounts as you like, from one broker or several, or start with a built-in paper trading account.
Trigger your bots from TradingView
Point TradingView alerts at your Whispertrades bots with webhooks. When your indicator fires or your price level hits, the alert can enable a bot, open or close a position, or set a bot variable, putting thousands of TradingView indicators to work as entry and exit signals for your options strategies.
Requires a paid TradingView plan with two-factor authentication. Read the setup guide
API Ready
Have programming chops? Hook into our own REST API to view and manage your portfolio and trades from your own software or interface.
Reporting & analytics
Know exactly how your bots perform
Gain deep insight into your trading performance to identify where you're succeeding - or falling short.
- Run against industry benchmarks
- how you're performing compared to the market. See industry-standard metrics such as CAGR, Drawdown, Sharpe, Sortino, and MAR ratio.
- Slice and dice your data
- on demand and save your custom reports to reference later. You'll have a link to share with a friend if you'd like!
- View high level or dive deep
- into performance statistics. Analyze your entire portfolio, individual strategies, months, or days of the week to identify performance patterns and trends.
The life of a trade, minute by minute
Replay the minute-by-minute performance of any trade your bots have made to see just how good (or bad) it was.
An honest answer
Is automated options trading profitable?
It's exactly as profitable as the strategy behind it. Automation doesn't create edge. It executes yours with a discipline no human can match. A losing strategy, automated, is still a losing strategy; it just loses more consistently.
What automation removes is execution drift: the missed entries, late exits, and emotional overrides that separate a strategy's real results from its paper results. That's also why backtesting comes first on Whispertrades: test the rules, study the drawdowns they've historically carried, and automate only what you've pressure-tested.
Options trading involves substantial risk, automated or not. Read our risk disclosures before trading.
Enterprise-grade security
The security of your investments is of the utmost importance, so we use multiple layers of security, 2FA, TLS, and secure API credentials to keep your data safe.
You maintain complete control over the bots while they are working, including visibility of what they are doing from both the Whispertrades platform and also your brokerage account.
With 99.99% uptime and industry-standard security, rest well knowing that your investments are in good hands.
- Launch date
- March 2021
- Contracts traded
- 7.9M+
Frequently asked questions
-
Automated options trading is a form of options trading that will automatically execute trades to open and close positions based on rules and parameters that you provide. If you have a trading strategy that follows mechanical rules, there is no need to babysit the strategy yourself. Simply feed the instructions to a computer and let the computer manage the trades for you.
Whispertrades provides an affordable and easy-to-use platform where you can set up your mechanical trading strategies for the Whispertrades service to execute on your behalf - automatically via trading "bots."
-
An automated options trading bot is a set of rules that you provide to a computer (in our case via the Whispertrades website) for the computer to execute for you. We like to refer to each strategy as a "bot", which is shorthand for "robot." It is sort of a term of endearment for our fearless workers. For a closer look at what our bots can do, see the options trading bot page.
-
Unfortunately, we do not. However, our entry price is very, very low. You can start trading your strategy with 1 bot for just $1.10 per trading day - no monthly subscriptions or long-term commitments. You can stop payment and stop trading immediately, at any time.
-
We do not charge any extra fees or commissions based on number of trades or volume of trades. We charge based on the number of bots that you have running at any given time. To estimate your bot cost, check out our pricing calculator.
-
No, Whispertrades is not a broker, and you do not deposit any funds with us. We don't actually trade or hold your securities for you. Your funds and your securities remain with your current broker. You will establish a connection from Whispertrades to that broker, and then we will send order requests to your current broker based on the automated trading strategies that you configure.
-
We currently support Charles Schwab, tastytrade, and Tradier clients and are working on adding support for more brokers.
-
Yes, you can connect as many brokerage accounts as you would like. This includes multiple brokerage accounts from the same broker. If you have multiple accounts with one broker and multiple with another, you can connect just some or all of them to Whispertrades.
-
Yes! We've developed our own paper trading platform, and you can use our bots just to paper trade, if you would like, without connecting a real brokerage account.
-
Yes! All trades executed by the bot will be visible in your brokerage account and will look just like any other trade that you make yourself. The same is true for positions opened by the bot. Those will also show up in your brokerage account.
-
Yes, you have complete control over our automated trading bots and can pause them at any time. Once you pause them, all orders will stop, no new orders will be placed, and you will not incur charges for that bot in your Whispertrades account. If you change your mind and want to start back up again later, you can easily do that as well. You will not pay for bots that you do not use.
-
Nope! All bot configuration is done via a simple web interface that you can access from any device, anywhere in the world with an internet connection. No programming and no overly complicated screens.
-
We do not. This is not a signal service or robo advisor. We do not provide sample strategies or templates or make recommendations for trading parameters. Any trading strategies that you wish to automate with our bots are strategies that must be created by you.
-
The best place to learn more would be in our guide. If you can't find what you need there, feel free to send us a message via our contact form or hop in our Discord server where you can chat live with staff members and other Whispertrades users.
Put your options strategy on autopilot
Build your first automated options trading bot in minutes, and only pay for the days it runs.