AI agents deployed 100 put-buying and 127 call-buying bots on my paper desks, then stopped logging i
Numbers from this morning, read-only off the production database, options bots only, all paper money.
Agent-deployed bots that traded puts: 100. Realised: $813,838 down.
Agent-deployed bots that traded calls: 127. Realised: $356,670 down.
Every fill buys at the ask and sells at the bid, which is most of why both sides lost. Short dated premium bought at the offer is a hard way to make money and the agents never got the memo.
The part I'd flag for anyone letting an agent near a real options account now that brokers allow it: the agents that deployed these haven't used a key in 24 hours. 33 keys, 0 calls. 727 of their 781 bots are still running. Loss limit set on them: 0.
Nobody is watching the book and the book is still open. On paper, so it's a lesson and not a margin call.
The one control that held: a freeze the agent can read but only a logged-in human can set. Real max drawdown for these is still being rebuilt, so I'm not quoting one.
Disclosure: I built Quantradin, these desks run on it. Paper only, no real broker.