What You Can Trade
Stocks, options and crypto spot on a live broker, perpetuals on Nyria Paper: what each type needs in a strategy, how it is sized, and which brokers carry it.
Nyria supports multiple equity types, each with unique configuration options and trading mechanics.
Stocks
Trade equities on major exchanges.
Configuration
- Long Entries - Buy shares
- Long Exits - Sell shares
- Short Entries - Sell short (requires margin)
- Short Exits - Buy to cover shorts
Position Sizing
Stocks are priced per share. A $500 budget on a $50 stock buys 10 shares.
Fractional shares are broker-dependent. Crypto is fractional everywhere.
Options
Trade stock options as single legs or complex spreads.
Selection Type
Internal Selection
Nyria selects options based on your parameters. Required for TradingView strategies.
Configure each leg (1-4 legs):
Strike Selection:
- Delta - Target specific delta (e.g., 0.30 for 30 delta)
- Price - Target premium price (e.g., $2.00)
- Offset - Relative to another leg (e.g., 5 strikes up from Leg 1)
Leg Configuration:
- Action - Buy (long) or Sell (short)
- Side - Call or Put
- DTE Range - Days to expiration (min-max)
Example Configurations:
Bull Call Spread:
- Leg 1: Buy, Call, 0.30 delta, 7-31 DTE
- Leg 2: Sell, Call, 5 strikes up from Leg 1
- Result: Debit spread, defined risk
Iron Condor:
- Leg 1: Sell, Put, $2.00 price, 7-31 DTE
- Leg 2: Buy, Put, 5 strikes down from Leg 1
- Leg 3: Sell, Call, $2.00 price, same expiration
- Leg 4: Buy, Call, 5 strikes up from Leg 3
- Result: Credit spread, defined risk
Single Call:
- Leg 1: Buy, Call, 0.40 delta, 14-31 DTE
- Result: Long call, risk limited to premium
External Selection
Alerts must specify exact strikes and expirations. Useful for Discord or Custom API strategies where you have full control over alert content.
Assume Next Expiration
For external selection with Discord, enable this to automatically use the nearest expiration when alerts don't specify one.
Position Sizing
Options are priced per contract, and one contract covers 100 shares, so a quoted premium of $2.00 costs $200. A $500 budget therefore buys 2 contracts and spends $400.
Nyria buys as many whole contracts as the budget covers. A budget below the cost of one contract buys nothing, and the deploy is refused up front.
Spread Pricing
Spreads have net debit or credit:
-
Debit Spread - You pay to enter (e.g., Bull Call Spread)
- Entry: Buy lower strike, Sell higher strike
- Most competitive entry price: Ask
- Exit is a credit (you receive money back)
-
Credit Spread - You receive money to enter (e.g., Bull Put Spread)
- Entry: Sell higher strike, Buy lower strike
- Most competitive entry price: Bid
- Exit is a debit (you pay to close)
Cryptocurrency
Trade crypto spot markets, or rehearse perpetual futures on Nyria Paper.
Perpetual futures run on Nyria Paper only. No connectable broker carries them today, so a perpetual strategy can be deployed to Nyria Paper and nowhere else.
Crypto Type
- Spot - Direct ownership of crypto assets
- Perpetual Futures - Leveraged positions with no expiration
Pairing
Crypto strategies use USDT or USDC pairs:
- BTCUSDT - Bitcoin priced in Tether
- BTCUSDC - Bitcoin priced in USD Coin
When creating a strategy, select instruments by pairing. If you select both BTCUSDT and BTCUSDC, alerts must specify the exact pair.
Alerts can use shorthand (BTC, BTCUSD) which will match your selected pair if unambiguous. If you have both USDT and USDC pairs selected, alerts must specify the full pair (BTCUSDT or BTCUSDC).
Leverage (Futures Only)
Set recommended leverage for each direction:
- Long Leverage - Applied to long positions (e.g., 10x)
- Short Leverage - Applied to short positions (e.g., 10x)
Bots can override these values in their configuration.
Position Sizing
Crypto is priced per coin and trades in fractions, so any budget fits. A $100 budget with BTC at $50,000 buys 0.002 BTC. The minimum is $1.
Futures
Equity futures trading is coming soon via Tradovate. No connectable broker routes equity futures today. Crypto perpetual futures run on Nyria Paper only.
Commodity and index futures contracts, once Tradovate ships.
Configuration
Similar to stocks but with futures-specific margin requirements:
- Each contract has fixed margin requirement (varies by broker and contract)
- No fractional contracts
- Position sizing based on contract value
Common Futures
The contracts Tradovate is expected to carry are stock-index futures such as ES (S&P 500) and NQ (NASDAQ), plus commodity futures such as CL (Crude Oil) and GC (Gold). Margin requirements vary by broker and contract. Check your broker's documentation for current requirements.
None of them can be traded on Nyria today.
A short naked option and a short stock position can both lose more than the account holds. Nyria places no stop and no bracket order behind either one.
Next Steps
Trading Behavior
Set what each alert type does per direction: which entries open a position, whether exits are enabled, and which order type each side uses.
Bots
A bot runs one strategy on one broker account with its own budget, instruments and overrides. How to deploy, size, monitor, and stop or pause one.