OpenRange watches your Robinhood watchlist for a fake breakout in the 9:30–10:00 opening range, buys the reversal once it's confirmed, and is flat again before the close. No trap, no trade — cash is a valid position.
The strategy runs on a fixed schedule against Eastern market hours. Every step below is a real check OpenRange makes — nothing runs outside this window.
OpenRange starts marking the high and low of your watchlist for the next thirty minutes — the opening range.
If price faked a break of the range and snapped back inside by 10:00, that's a trap. No snap-back, no trade — the range just held.
On a confirmed trap, OpenRange buys a near-the-money option in the reversal direction, sized to your configured max per trade.
Any open position is checked against your stop-loss and the range's own targets — the middle of the range, then the opposite side.
Whatever's still open gets closed. This strategy doesn't hold overnight, on principle.
Traded or not, every run writes its full reasoning to your local dashboard. This is what that log looks like — sample rows below, not your account's data.
| Time | Symbol | Action | Contract | Qty | Price | Reasoning |
|---|---|---|---|---|---|---|
| 10:05 AM | IONQ | BUY | IONQ 09-05 61C | 2 | 0.95 | Bear trap at range low, reversed back inside by 10:00. |
| 10:41 AM | IONQ | SELL | IONQ 09-05 61C | 2 | 1.35 | Target 1 hit — middle of the opening range. |
| 10:05 AM | SOFI | — | — | — | — | No trap formed. Range held cleanly. No trade. |
| 09:58 AM | SMCI | BUY | SMCI 08-28 33P | 3 | 0.62 | Bull trap failed at range high, reversed down. |
Nothing about this is hosted for you, and nothing about it stores a Robinhood password.
A single subscription, checked against your license once a day so a lapsed plan disarms the bot automatically — not silently and not without warning.
OpenRange places live option trades once you arm it. Options can expire worthless. Nothing about a backtested or simulated result predicts tomorrow's session.
You are solely responsible for the Robinhood account this connects to, and for funding, monitoring, and securing it. Nothing on this page or in the software is financial advice, and nothing here promises the strategy will be profitable.
The complete disclaimer — not this summary — is the version that governs, and it ships inside the download as DISCLAIMER.md.