Equity Types
Understanding different asset types and their configuration options.
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
For stocks, your position size determines how many shares to buy:
- Fixed $500 budget with $50 stock = 10 shares
- Fractional shares supported on some brokers (tastytrade, Binance)
Order Types
- Market - Execute immediately at current price
- Limit - Wait for your specified price
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, 7-45 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, 7-45 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, 14-60 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 (100 shares):
- Fixed $500 budget with $2.00 spread = 2 contracts ($400 used)
- System calculates maximum contracts that fit your budget
- Minimum budget is the cost of 1 contract
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 perpetual futures.
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 supports fractional quantities:
- Fixed $100 budget with BTC at $50,000 = 0.002 BTC
- Minimum budget is $1 for crypto strategies
Futures
Trade commodity and index futures contracts.
Configuration
Similar to stocks but with futures-specific margin requirements:
- Each contract has fixed margin requirement
- No fractional contracts
- Position sizing based on contract value
Common Futures
- ES - S&P 500 E-mini (~$13,000 margin)
- NQ - NASDAQ E-mini (~$17,000 margin)
- CL - Crude Oil (~$5,500 margin)
- GC - Gold (~$8,500 margin)
Order Types Across Equity Types
Market Orders
Execute immediately at best available price:
- Pros: Guaranteed execution, fast
- Cons: Slippage, less control over price
Limit Orders
Execute only at specified price or better:
- Pros: Price control, potentially better fills
- Cons: May not fill, requires monitoring
Extended Hours (Stocks Only)
Limit orders automatically adjust for pre-market and after-hours trading when needed.
Risk Management
Defined Risk Strategies
- Debit Spreads - Max loss = premium paid
- Credit Spreads - Max loss = spread width - credit received
- Long Options - Max loss = premium paid
Undefined Risk Strategies
- Short Naked Options - Potentially unlimited loss
- Short Stock - Potentially unlimited loss
- Futures - Large potential losses
Undefined risk strategies require significant margin and carry substantial risk. Only use if you fully understand the potential losses.