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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. The Wheel is a strategy that surfaced on Reddit, but has been used by many in the past. 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