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LuminAlgo is an exciting new automated trading platform specializing in 0DTE (zero days to expiration) covered call options for Interactive Brokers users. Our goal is to make high-trust, algorithmic options trading accessible to everyone — no coding or manual trading required.
LuminAlgo uses a proprietary trading engine that connects to your IBKR account and runs your covered call settings every minute throughout market hours. There is no software installation needed—simply enter your desired settings on the dashboard, log into your secure cloud computer, log into your IBKR TWS or Gateway on the cloud computer, and our software does the rest. What sets us apart is simplicity: you get the power of algorithmic trading with no code, no spreadsheets, no complexity — just robust, fully hands-off automation for a single, transparent strategy.
At no point does LuminAlgo ever take custody of, pool, or transfer your funds. All trades are executed exclusively within your personal IBKR account; your login and two-factor details are never shared or stored by us. You retain full control, full transparency, and can override or stop the engine at any time.
Absolutely no coding is required! You can run algorithmic covered call trading without writing a line of code. Our platform is built for both sophisticated traders and busy professionals—just set your strategy, follow our clear instructions to securely connect your account, and go. You'll need to use the 'Remote Desktop Connection' on your computer, which we'll guide you through with easy to follow instructions.
The LuminAlgo engine only opens and manages 0DTE covered calls based on the thresholds (such as minimum premium, maximum delta, quantity, etc) you set. You can choose tighter or looser parameters based on your individual risk tolerance and trading goals. If you need to change your logic or pause automation, simply log in and adjust. While our platform is only tested with covered calls, naked (meaning uncovered) calls are permitted as well, dependent on the user's option trading permission level in their Interactive Brokers account.
Click 'Sign up' and verify your email. Then fill in the user questionnaire to formally create your account with us. Then purchase your monthly subscription. Then proceed to your option trading dashboard where you can select the specialized settings for your option trades. ***The LuminAlgo website is only open to retail traders managing their own money. Investment Advisors and Wealth Managers should contact us directly for special access.****
Yes. Monitor all trades by logging into your IBKR account. You can stop your automated trades instantly with a single click on your dashboard. Once stopped, no additional orders are submitted to IBKR, but previously submitted orders will still be executed unless they are manually terminated before execution by logging in to your IBKR account.
LuminAlgo offers a $499 (four hundred and ninety-nine dollars) monthly subscription — no per-trade fees, hidden usage charges, or up-sells. You pay one simple monthly fee for unlimited automated trading and full access to your dashboard/tools. (However, to maintain an Interactive Brokers Account, you must meet their minimum account standards and subscribe to the basic data feeds required to trade options.) LuminAlgo early adopters may receive promotional pricing or extended risk-free trials, as outlined in our terms of service.
You can cancel at any time by contacting us via the contact us form. Your subscription will not renew after the current cycle ends, but you will maintain full access to our services until then. ***Subscription fees are non-refundable**.
No, LuminAlgo is an independent automation platform. We connect to your IBKR account via their official TWS/Gateway only, under your direct control, and never interact with their back office or API keys directly. For risk disclosures and underlying account management, please refer to Interactive Brokers.
We hope to roll out some of the following features soon: extended days to expiration, covered puts, multi-leg strategies, real-time analytics, and much more. Join now to help shape the roadmap!