PeakBot provides an automated trading platform that utilizes algorithms based on time-tested options selling strategies to execute trades on behalf of retail investors. By integrating with established brokerages, PeakBot enables users to automate their investments, allowing them to save time and reduce emotional decision-making in trading.
Funding
Funding not disclosed
Founders
Product
Problem
Retail investors often lack the time and expertise to consistently execute profitable options trading strategies. Emotional decision-making and the inability to monitor the market during trading hours can lead to suboptimal investment outcomes.
Solution
PeakBot offers an automated trading platform that executes options selling strategies on behalf of retail investors. The platform integrates with established brokerages, allowing users to automate their investments based on time-tested algorithms. Users can select a strategy, choose stocks from a provided watchlist, and set a budget, with the platform handling trade execution. This approach aims to provide consistent returns while minimizing emotional interference and time commitment.
Target Audience
PeakBot targets retail investors with at least $5,000 to invest, who seek to automate options trading strategies without requiring extensive market knowledge or constant monitoring.
Features
- Integration with Tradier, tastytrade, and Schwab brokerage accounts via OAuth for secure, password-free trading.
- Pre-built options selling strategies designed for weekly returns, including covered calls and credit spreads.
- Automated hedging feature to mitigate potential losses during market downturns.
- Weekly watchlist of stocks suitable for automation, updated by PeakBot's team.
- User-friendly interface for strategy selection, stock selection, and budget setting.
- Real-time monitoring of automated trades through the brokerage account.