A “bot” here is just a set of rules for one options trade, tested over and over on history.

• Underlying — the stock or fund the trade is built on (e.g. SPY tracks the S&P 500).
• Strategy — the shape of the trade. Credit = you get paid up front and want the price to stay calm (defined, limited risk). Debit = you pay up front and want a big move.
• Short Δ (delta) — how far out-of-the-money you sell. 0.16 ≈ about one standard deviation away — roughly an 84% chance it stays out of the money. Smaller Δ = safer but smaller payout.
• Wing width $ — the distance to your protection. It caps your maximum loss. Wider = more premium collected, but more you can lose.
• DTE — days to expiration when the trade opens. Exit DTE — close early when this many days are left (avoids risky last days).
• Profit target — take profit once you’ve captured this share of the credit (0.5 = 50%). Stop ×credit — cut the loss if it grows to this multiple of the credit (2 = stop at a 2× loss).
• New position every N days — how often the test opens a fresh trade. Pricing — Model is a fast estimate; Real NBBO uses actual past option quotes (slower, most honest).

Reading the results: Win % = how often it made money · Profit factor = wins ÷ losses (above 1 is good) · Expectancy = average $ per trade · and always read the ⚠ assumptions box — a high win rate can still lose money.