Toll Booth is a trading bot for generating income from existing stock portfolios by selling covered call options.
Unlike other trading bots that require a significant amount of time and interest, Toll Booth is intended for retail investors with existing, large ($100k+), stock portfolios that are interested in generating incremental income without a significant time investment. Our intuitive platform takes the complexity out of options trading, allowing you to benefit from this powerful strategy without needing to manually open, roll, or close every position. Instead, the user can control at any time how and whether Toll Booth opens, rolls, or closes covered call positions.

Currently, Toll Booth can be connected to Schwab accounts with support for Tasty Trade accounts coming in later 2025.
Covered call trading is allowed on regular and retirement accounts. Please contact Schwab to enable covered options trading approval before connecting to Toll Booth.

In the world of options trading, a covered call is a popular strategy that involves holding a long position in a stock or ETF, while simultaneously selling a call option on that same asset. This approach can provide you with an additional stream of income as the seller of the call option collects a premium (cash) from the buyer. However, managing these positions manually can be time-consuming and requires continuous market monitoring. Toll Booth automates this process, allowing you to reap the benefits of covered calls effortlessly. Whether you're actively managing your investments or simply prefer to focus on high-level objective criteria, Toll Booth has the flexibility to accommodate.

At this time, Toll Booth will only place orders for covered call positions. Support for equity and other types of option trades may or may not come in the future.