ROT - Reddit Options Trader

Reddit Options Trader, also known as ROT, is a system designed to help options traders discover potential market opportunities. It works by watching discussions on Reddit and news feeds in real-time. The goal is to find important market events and information before the prices of stocks change significantly.

Benefits

ROT helps traders by automatically sifting through a lot of online information to find relevant trading signals. It identifies trending stocks, analyzes how popular they are becoming, and extracts key details. The system also adds market data to these findings and scores them based on how reliable they seem. This can save traders time and help them make more informed decisions.

Use Cases

This tool is useful for traders who want to stay ahead of market movements. It can be used to spot potential trading opportunities related to earnings reports, stock squeezes, regulatory news, product announcements, or broader economic events. The system can generate example options trade ideas, like call spreads or put spreads, and provides details on potential risks and rewards. The information can be viewed on a live web dashboard and can also be sent as alerts to platforms like Discord.

Vibes

ROT aims to provide valuable insights by processing information from popular Reddit communities such asr/wallstreetbetsandr/stocks, as well as financial news sources. It uses a credibility scoring system to help users understand the potential reliability of each signal.

Additional Information

The project was developed to address the gap where many trading tools react too late to market changes and ignore the influence of social media. ROT was built to use these social and news signals as early indicators, especially for the options market. Future plans for ROT include tracking the performance of signals, understanding how time affects options trades, integrating with X (formerly Twitter), and potentially offering a hosted service.