graph TD
A[Start] --> B[Viability checks, PM approval, OPR flags, EDM/EPR gates]
B --> C[Candidate selection, short call]
C --> D[Price and risk clamps]
D --> E[Place LIMIT]
E --> F{Filled?}
F -- Yes --> G[Persist Order/Position]
G --> H[Active position]
F -- No --> I[Remain open / retry within constraints]
Examples
Covered Call Position Life Cycle
This page illustrates how covered call positions can be opened, closed, and scalped within Toll Booth Trading. These diagrams are conceptual; they do not reflect live data.
Opening Flow
SELL_TO_OPEN credit call from candidate selection through active position.
Closing Flow
Rules-based closing by target returns or risk triggers.
graph TD
A[Active position] --> B{Close decision}
B -->|Return target achieved| C[Buy to close LIMIT]
B -->|Risk/Rule triggers, EPR Up, HTB + early assignment risk| C
B -->|At expiration window| D[Allow to expire]
C --> E[Persist close]
D --> E
E --> F[Position state updated]
Scalp Flow
Equity scalp context with buy-limit open/close and guardrails.
graph TD
A[Signal triggers] --> B[BUY LIMIT open]
B --> C{Filled?}
C -- Yes --> D[Constraints check, max dollar distance, cash caps]
D --> E[BUY LIMIT close]
E --> F{Filled?}
F -- Yes --> G[Persist trade result]
F -- No --> H[Remain pending / cancel by rules]
C -- No --> H
Summary
- Opening: candidates pass approval and risk gates; orders are placed with clamps and persisted once filled.
- Closing: positions exit on profit targets, rule-based risk triggers, or by expiration handling; state is persisted.
- Scalps: signals drive short-duration buy/close cycles subject to cash and distance constraints.