{"repo":"brndnmtthws/thetagang","free":true,"listed":false,"github":"https://github.com/brndnmtthws/thetagang","clone":"git clone https://github.com/brndnmtthws/thetagang.git","description":"ThetaGang is an IBKR bot for collecting money","language":"Python","stars":2703,"topics":["money","thetagang","ibkr","trading-bot","strategy","buying-shares","bot","get-rich-slowly"],"license":"AGPL-3.0","category":"trading","readme_excerpt":"💬 Join the Matrix chat, we can get money together. Θ ThetaGang Θ Beat the capitalists at their own game with ThetaGang 📈 ThetaGang is an IBKR trading bot that started as a basic implementation of \"The Wheel\" strategy and has grown into a broader, configurable portfolio automation tool. ThetaGang still supports a modified version of The Wheel, and now also includes features like direct share rebalancing, cash management, VIX call hedging, regime-aware rebalancing, and exchange-hours gating. Risk Disclaimer ⚠️ WARNING: Options trading involves substantial risk and is not suitable for all investors. Selling options can result in significant losses, potentially exceeding your initial investment. Selling naked puts has theoretically unlimited downside risk if the underlying asset goes to zero. This is not a \"free money\" strategy—you are being compensated for taking on real financial risk. Before using ThetaGang: - Understand that you can lose money, especially in trending or volatile markets - Ensure you have sufficient capital to handle worst-case scenarios - Be prepared to own the underlying securities at potentially unfavorable prices - Consider paper trading first to understand the mechanics and risks - Consult with a financial advisor if you're unsure about the risks How it works The strategy, as implemented here, is intended to be used to augment a typical index-fund based portfolio with specific asset allocations. The default configuration includes a diversified portfolio","default_branch":null,"files":null,"tree":[],"storefront":"/r/brndnmtthws","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/brndnmtthws/thetagang/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}