Newly announced automated options trading software from ACondor applies fixed rules to defined-risk premium-selling strategies and helps experienced retail traders manage execution, position sizing and loss limits. Its program aims to help traders decide between iron condor and wheel strategy approaches to trading.
-- ACondor has announced an automated options trading bot for tastytrade accounts, designed for active retail traders who already sell options premium and want to follow a more consistent, rules-based process. The software automates defined-risk strategies, including mechanical iron condors, with entry criteria, position management and risk controls designed to reduce discretionary decision-making.
More information about ACondor is available at https://acondor.com/
The announcement comes as options trading activity remains elevated. Cboe’s third-quarter 2026 review reported average daily options volume of 70.6 million contracts, while retail options order flow rebounded to record levels in September. As participation grows, traders still need to understand how a strategy’s capital requirements and potential losses fit their account before choosing an approach, explains ACondor.
For traders comparing the wheel strategy with iron condors, the differences extend beyond the amount of premium collected, says the company. The wheel typically involves selling cash-secured puts and, if assigned, holding shares while selling covered calls. That can tie up substantial capital and expose the account to changes in the share price. Whereas an iron condor combines a put spread and a call spread; its long options define the spread’s maximum loss at expiration, although losses remain possible and buying-power requirements vary by trade and account.
ACondor is built for traders who understand these mechanics and want to automate their own defined-risk rules rather than make each decision manually. The software evaluates market conditions and entry criteria, sizes positions against account parameters, and manages open trades according to preset rules. Circuit breakers can halt new entries when volatility or configured daily and weekly loss thresholds trigger, while alerts and trade reporting help users review orders and exits.
The platform supports mechanical iron condors and additional premium-selling approaches, including earnings-related volatility strategies. ACondor currently connects with tastytrade; it is software for executing trading rules, not a service providing individualized investment advice.
Learn more about the software and request early access at https://acondor.com/
Disclaimer: Options trading involves substantial risk of loss and is not suitable for every investor. Traders can lose some or all of the capital committed. ACondor does not promise returns or income, and past strategy behavior does not predict future results. Users remain responsible for understanding their strategies, monitoring their accounts and reviewing trades.
Contact Info:
Name: Robin Lilly
Email: Send Email
Organization: ACondor LLC
Address: 2521 North Main Street, Las Cruces Unit 1-276, Las Cruces, New Mexico 88001, United States
Phone: +1-575-312-9326
Website: https://acondor.com
Source: NewsNetwork
Release ID: 89208382
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