Options Trading Bot Development
Systems that choose contracts, enter, manage and exit by your rules — from single calls and puts to multi-leg strategies — on equity, index, ETF and futures options.
Options · Equity, Index, ETF & Futures
Automated Options Trading — Options Bots, Execution Tools & Analytics
Hire a developer to build options trading bots, order execution tools, signal automation, backtests, analytics and broker integrations — from single calls and puts to multi-leg strategies.
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Service overview
Options Automation Built Around Chains, Legs and Expiration
Bots, order tools and analytics for equity, index, ETF and futures options.
Nordman Algorithms builds automated options trading systems for traders, small funds and trading teams. Our developers turn trading rules, a written specification or just a plain description into options bots, multi-leg order tools, backtests and analytics — connected to your broker through its API or built into the platform you trade on.
Options automation needs to account for choosing contracts from the chain, multi-leg orders and how their legs get filled, greeks that change with every move in the underlying, and expiration and assignment. We build around these details and validate on a paper account, where the broker offers one, before anything trades live.
Iron condor · SPX · 30 DTECombo order
SideQtyTypeStrikeDelta
Sell1Put5,800Δ −0.16
Buy1Put5,750Δ −0.09
Sell1Call6,150Δ 0.15
Buy1Call6,200Δ 0.08
Net credit $485Max loss $4,515Limit 4.85 ptsAt expiration · excluding fees
Working · limit 4.85 creditFilled · 4.85 credit · all legs
Strikes chosen by delta · $100 multiplierIllustrative
Options development services
Options Trading Bot & Tool Development Services
Bots, execution tools, testing and analytics for options — built from your rules.
Options Order Execution Tools
Tools that place and manage option orders — single legs, spreads, iron condors and other combos — within a set price limit, with partial fills handled and orders cancelled on timeout. For manual traders or an existing system.
Options Signal Automation
Alerts from TradingView, email, Telegram or Discord turned into option orders, with the strike and expiration chosen by your rules and checked against your risk limits.
Options Strategy Backtesting
Formalised strategy rules tested on historical bid/ask data, with agreed assumptions for fills, slippage, commissions and expiration.
Options Analytics & Scanners
Your own contract filters and calculations, comparisons of structures, and alerts when a position’s greeks or P&L leave set bounds.
Broker API & Options Data Integration
Your system connected to a broker’s API for option chains, quotes, orders and positions, plus historical and live options data from the broker or third-party providers.
Options Strategy Modification & Fixing
Changes and fixes to options bots and tools you already use — new rules, risk settings, or code another developer left unfinished.
Have an options task that is not on this list?
Tell us what you need — a strategy, an order tool, an analytics view or changes to something you already run — and we will explain what it involves.
Options capabilities
Options Trading Automation Capabilities
Every project is built around its own rules. These are the capabilities options bots, order tools and analytics commonly combine.
Contracts
Contract Selection
- Strike by delta or price distance
- Days-to-expiration rules
- Weekly, monthly and 0DTE expirations
- Liquidity and bid-ask spread filters
- Fallback when no contract fits or quotes are stale
Orders
Orders & Execution
- Single legs, verticals, condors and calendars
- Combo orders, or legging only if agreed
- Price limits and timed cancellation
- Partial fills and leg-risk checks
- Protection against duplicate orders
Management
Position Management
- Profit targets and stops by premium
- Exits by days to expiration
- Rolls and adjustments
- Hedges with the underlying or futures
- Sync with broker positions after a restart
Risk
Greeks & Risk
- Delta, gamma, theta and vega
- Portfolio-level greeks
- Maximum loss per structure
- Buying power checks
- Exposure limits per underlying
Expiration
Expiration & Assignment
- Exercise style and settlement rules
- 0DTE timing rules
- Closing before expiration
- Early assignment and pin risk checks
- Exercise and assignment handling
Operations
Data & Monitoring
- Option chain and quote subscriptions
- Paper and live accounts
- Order and fill logs
- Telegram and email alerts
- Reconnection and status checks
Where options are traded
Options Brokers & Platforms
Options automation runs through a broker’s API or inside a platform, depending on the task. Options support varies by platform, broker and account, so it is confirmed before scoping.
Interactive BrokersListed options via APIListed options through the TWS API or Web API: contract selection from the chain, combo orders, position analytics and rolls. Suits fully automated strategies running on your own server, with a paper account for testing.Interactive Brokers development →
thinkorswimCore platformOptions are its core market. Studies, scans and watchlist columns on option data run inside thinkorswim; automation, such as placing orders by rules, goes through the Schwab API.thinkorswim development →
TradeStationListed optionsEquity, index and ETF options. Analysis and strategies are written in EasyLanguage inside the platform, and order automation can also run through the TradeStation API.TradeStation development →
QuantowerWhere supportedOptions analysis and account tools around the chains your connection provides — useful when you already trade futures or stocks in Quantower and want option views beside them.Quantower development →
DAS TraderWhere enabledOrder entry and position tools for options next to your stock trading in DAS, where the broker and account enable options. Execution rules follow what the connection supports.DAS Trader development →
MetaTrader 5Broker-supportedExchange options at MT5 brokers that offer them, with EAs and indicators built around the contract specifications. Not every retail MT5 account has options, so access is checked first.MetaTrader 5 development →
TradovateOptions on futuresOptions on supported futures contracts, traded through the Tradovate API rather than inside the platform. The bot chooses contracts and manages risk by your rules, where the account permits options.Tradovate development →Technology & connectivity
Options Development Technologies & Integrations
The technologies we use to build options bots and tools, connect broker accounts, process chain data and execute signals.
Bots, chains & backtests
Python
Options bots on broker APIs, chain and greeks processing, and backtests on historical options data.
Explore Python →Order tools & services
C# / .NET
Order entry tools and background services for multi-leg trading, and applications that connect several systems.
Explore C# →Chains, orders & positions
REST API
Option chains, quotes, orders and positions through broker APIs such as Interactive Brokers or Schwab.
Explore REST API →Live quotes & fills
WebSocket
Streaming option quotes, greeks and order updates, with reconnection when a stream drops.
Explore WebSocket →Session-based order routing
FIX
Order routing and execution reports where an options broker offers FIX to eligible accounts.
Explore FIX →Alerts to orders
Webhooks
TradingView and other alerts received by your server and turned into option orders by your rules.
Explore Webhooks →Development process
How an Options Development Project Works
We agree the rules, your broker and platform, the underlyings and structures, and the acceptance checks with you before any code is written.
Project workflow
STEP 01
Rules or Existing Tool
Rules · existing code · examples
STEP 02
Scope & Broker
Broker · underlyings · structures
STEP 03
Fixed Quote
Scope · price · delivery schedule
STEP 04
Development
Python · C#
STEP 05
Testing
Backtest · paper trading where supported
STEP 06
Delivery & Support
Source · ready-to-use files · guidance
To Get Started
Send your strategy rules or the tool that needs work, the broker and platform you use, and the underlyings and structures it should trade.
Rules or Existing ToolBroker & PlatformUnderlyings & Structures
At Delivery
Receive the project source code, deployment on your server where agreed, and a guide to every setting. We walk through the specified behaviour and provide technical support under the agreed terms.
Source CodeDeployment if agreedSettings Guide
Why Nordman Algorithms
Why Work With Nordman Algorithms
Work with developers who understand option chains, multi-leg orders and broker APIs.
Options Workflows on Broker APIs
We build for Interactive Brokers, thinkorswim and TradeStation, so option chains, combo orders and broker APIs are familiar ground.
No Promised Income
We build software that follows your rules exactly. We do not sell options bots that promise income or returns.
Clear Scope and Pricing
Requirements, deliverables, fixed price and acceptance examples are agreed before development begins.
NDA and IP Ownership
An NDA is available on request. Source code and full IP ownership are transferred on delivery.
Support After Delivery
Installation help, input explanations and technical answers within the agreed support scope.
reviews
What Clients Say
Feedback from clients across our custom trading software projects.
★★★★★
Trustpilot
4.7
★★★★★
"I can only advise Nordman Algorithms as a top company. Everything is handled smoothly and professionally through mutual consultation. Alexei automated exactly what I asked for. His immediate willingness to make adjustments and fix bugs is also a huge asset."
★★★★★
"Dear traders, when it comes to software quality and trust and professionalism, Nordman is the right choice for you. I can only say it's a pleasure to do business with them. I wholeheartedly recommend Nordman."
★★★★★
"I've worked with Nordman on several projects, and he's always perfectly met my expectations in terms of delivery time and budget. His work is fantastic and very professional."
FAQ
Options Trading Automation Questions
Practical answers about options bots, multi-leg orders and expiration.
Yes. Describe the rules — which contracts to choose, when to enter and exit, and how to manage the position. We build it on your broker’s API or platform and run it on a paper account, where the broker offers one, before it trades live.
Yes. Where the broker accepts combo orders, the legs go out as one order within a set price limit. Depending on the broker and order type, the legs are not always guaranteed to fill together, so partial fills are handled by agreed rules. Placing legs one by one is a separate option, agreed per project.
By your rules — for example a target delta, a distance from the price or a number of days to expiration — with liquidity and bid-ask spread filters so the bot avoids contracts that are hard to fill.
Yes. Rolls to a later expiration and adjustments of a tested side can follow rules such as days to expiration, delta or the loss on the structure.
It depends on the contract specification. Index options such as SPX are European-style and cash-settled, so early assignment does not apply, while equity and ETF options can be assigned early. Positions can be closed before expiration by rule, and assignment handling is agreed for each strategy.
Interactive Brokers, thinkorswim with the Schwab API, and TradeStation, as well as Quantower, DAS Trader, MetaTrader 5 and Tradovate where the broker and account support options. Other brokers with a documented options API can be reviewed case by case.
Yes, on historical bid/ask data, with assumptions for fills, slippage, commissions and expiration agreed upfront. Data quality matters a great deal for options, so the data source is agreed first.
No. We make sure the software follows the agreed rules; options carry their own risks, and no developer can promise what a strategy will earn.
Tell Us About Your Options Project
Share your strategy, the tool you need or the code you already have, along with your broker and the structures you trade. We will come back with a proposed scope, timeline and next steps.
Free technical assessment
Clear scope before development
Post-delivery support