Algo Trading
1 DTE ETH Options Trading Bot For Bybit
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We have started building a 1 DTE ETH options trading bot for Bybit, with the flexibility to extend to Deribit and potentially any exchange that offers an options chain and API access.
Bybit is the primary focus, as it’s where most options trading for the Terramatris crypto hedge fund currently takes place.
In the early days of Terramatris, the options strategy was entirely manual. I focused on trading 1 DTE Ethereum options, primarily selling far out-of-the-money contracts with very low delta.
Over roughly a one-year period, the performance was surprisingly consistent.…