Alpaca Options Agent

Paper trading · auto-refreshes every 30s

Competition result — 2026-08-31 to 2026-09-03 (judged window)

Final equity
$99,383
P&L
-617
Return
-0.62%
Closed
6
Win rate
33%

Official P&L window: 31 Aug 09:30 ET → 4 Sep 09:30 ET, scored on total account equity at the EOD 3 Sep snapshot. Started at $100,000.

Live now — since 2026-09-13

Equity
$102,706
Realised P&L
+2,221
Open
2
Closed
17
Win rate
47%

A fresh paper account, trading since 2026-09-13. Until 2026-09-19 it ran the competition strategy unchanged (multi-day holds); from 2026-09-19 it is intraday-only: entries 10:00–14:30 ET, everything closed by 15:45 ET. The database was reset for the account switch (audit tables cleared, market history kept), so everything below this line belongs to this account only.

Open positions

contractunderlyingrightqtyentrystoptargetexpirythesis
SHOP260925C00150000SHOPcall54.00146.21157.282026-09-25RVOL 11.72 with only +0.51 ADR move suggests early-stage momentum with room to run intraday; the 3DTE ATM contract offers the highest gamma/delta responsiveness for a same-day scalp with tight 3.5% spread, avoiding overpaying for time value we won't use.
META260925C00760000METAcall113.90739.66777.462026-09-25Moderate momentum (+0.51 ADR, RVOL 1.78) supports a same-day continuation call; this contract has a tight 1.2% spread, solid delta (0.44) and strong prior-day volume (5983), giving good liquidity/cost efficiency for an intraday long-call trade near the money without overpaying for time.

Closed positions — competition window (frozen)

contractqtyentryexitP&Lreason
TSLA260911C0037000028.254.80-690premium -42% at or below -40%
AAPL260909C0032000035.259.40+1,245premium +85% at or above 80%
TSLA260918C00365000111.706.95-475premium -41% at or below -40%
IWM260918P0029000063.282.18-660underlying 295.81 broke stop 295.34
AVGO260918P0034500019.956.05-390underlying 353.64 broke stop 353.51
MSTR260918C0014000028.759.95+240underlying 142.72 reached target 142.69

Closed positions — since 2026-09-13

contractqtyentryexitP&Lreason
QQQ260925C0074000035.706.84+342end of day: flat by 15:45 ET (intraday-only)
ARM260925C00310000112.3518.70+635end of day: flat by 15:45 ET (intraday-only)
META260925C00730000119.5529.60+1,005end of day: flat by 15:45 ET (intraday-only)
QQQ260925C0073900035.146.22+324underlying 740.58 reached target 740.44
META260925C00710000116.3531.80+1,545premium +95% at or above 80%
QQQ260924C0073300044.387.86+1,392premium +80% at or above 80%
AVGO261016C00370000111.057.60-345held past its entry day (intraday-only, entered 2026-09-18)
MSTR261016C0015000019.0021.40+1,240held past its entry day (intraday-only, entered 2026-09-18)
COIN261016C00200000110.2516.95+670held past its entry day (intraday-only, entered 2026-09-18)
SMCI261016C0004200062.931.70-738premium -40% at or below -40%
AMD260925C00550000114.5012.95-155underlying 543.19 broke stop 543.76
AMD260925C00550000117.9514.15-380underlying 544.86 broke stop 544.87
TSLA260925C0038000027.054.15-580premium -40% at or below -40%
GOOGL261016C00350000111.208.40-280underlying 341.89 broke stop 342.35
COIN260918P0016500053.601.98-810premium -45% at or below -40%
COIN260918C0019250035.252.35-870premium -53% at or below -40%
NFLX260925C0008000092.041.18-774premium -41% at or below -40%

Decision log

time (UTC)symbolactiondetailthesis
2026-09-22T14:41:42ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:41:42ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:40:39ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:40:39ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:39:34ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:39:34ZJPMskipconfidence 0.60Move already extended at -1.66 ADR with only moderate RVOL, and the contract's 9.8% spread and 3 DTE mean significant premium/theta risk for an intraday continuation play; risk/reward isn't compelling enough to chase here.
2026-09-22T14:38:27ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:38:27ZJPMskipconfidence 0.60Move is already extended (-1.61 ADR) with only moderate RVOL, so much of the intraday downside may be priced in; spread is also wide at 8.2% for a 3DTE contract, eating into edge on a same-day close requirement.
2026-09-22T14:37:24ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:37:24ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:36:18ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:36:18ZJPMskipconfidence 0.65Move is already extended at -1.72 ADR with only moderate RVOL, and the 3 DTE contract has a wide 7.2% spread plus low prior-day volume, making intraday entry costly relative to remaining edge; better to wait for a cleaner setup.
2026-09-22T14:35:15ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:35:15ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:34:08ZXLFskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:34:08ZJPMskipconfidence 0.60Move already extended at -1.69 ADR with only moderate RVOL, and the 8.3% spread on a 3-DTE contract is costly for an intraday reversal-chasing entry; risk/reward is unfavorable versus skipping.
2026-09-22T14:33:01ZJPMskipconfidence 0.62Move is already extended at -1.70 ADR with only modest RVOL confirmation, so risk/reward for a fresh intraday put entry is poor; better to wait for a pullback/continuation confirmation than chase this far into the move.
2026-09-22T14:31:51ZJPMskipconfidence 0.62Move already extended at -1.62 ADR with only 3 DTE (not 0DTE) means significant extrinsic value at risk for an intraday close, and a 7.2% spread on a near-the-money option erodes edge; better to wait for a fresher entry or tighter spread rather than chase a stretched move.
2026-09-22T14:30:48ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:23:31ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:22:29ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:21:26ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:20:24ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:19:21ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:18:18ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:17:16ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:16:13ZJPMskipconfidence 0.00no viable contracts to choose from
2026-09-22T14:13:56ZMETA260925C00760000entry1x @ 13.99, delta 0.44Moderate momentum (+0.51 ADR, RVOL 1.78) supports a same-day continuation call; this contract has a tight 1.2% spread, solid delta (0.44) and strong prior-day volume (5983), giving good liquidity/cost efficiency for an intraday long-call trade near the money without overpaying for time.
2026-09-22T14:07:23ZSHOP260925C00150000entry5x @ 4.07, delta 0.51RVOL 11.72 with only +0.51 ADR move suggests early-stage momentum with room to run intraday; the 3DTE ATM contract offers the highest gamma/delta responsiveness for a same-day scalp with tight 3.5% spread, avoiding overpaying for time value we won't use.
2026-09-21T19:47:41ZQQQ260925C00740000exitend of day: flat by 15:45 ET (intraday-only)
2026-09-21T19:45:31ZQQQ260925C00740000exit_failedstatus=abandonedend of day: flat by 15:45 ET (intraday-only)
2026-09-21T19:45:31ZQQQ260925C00740000exitend of day: flat by 15:45 ET (intraday-only)
2026-09-21T19:45:31ZQQQ260925C00740000canceledaoa-QQQ260925C00740000-sell-202609211945-r @ 6.95 unfilled, canceled
2026-09-21T19:45:31ZMETA260925C00730000exitend of day: flat by 15:45 ET (intraday-only)
2026-09-21T19:45:31ZARM260925C00310000exitend of day: flat by 15:45 ET (intraday-only)
2026-09-21T18:25:35ZQQQ260925C00740000entry3x @ 5.78, delta 0.53Moderate momentum (+1.82 ADR, RVOL 1.58) supports a same-day continuation play; this near-the-money 0.53-delta contract offers tight spread (0.7%) and strong liquidity (3967 prior volume) for efficient intraday execution with 4 DTE to limit theta bleed.
2026-09-21T18:25:35ZQQQ260925C00739000exitunderlying 740.58 reached target 740.44
2026-09-21T18:25:35ZMETAskipconfidence 0.72Move is already extended at +3.1 ADR intraday, meaning most of the momentum has likely already been captured and chasing here risks poor entry/reversion; while RVOL is strong and the 0925 contract has a tight spread, the extended move outweighs the setup quality for a fresh intraday entry.
2026-09-21T18:25:35ZARMskipconfidence 0.65Price has already extended +1.66 ADR with RVOL 2.05, meaning much of today's momentum move is likely spent intraday, raising chase risk on calls now. Neither contract offers a compelling edge (350C is far OTM with only 25 DTE decay drag while 320C is near-the-money but low volume 886), so skipping preserves capital for a fresher setup.
2026-09-21T18:25:35ZAMD261016C00630000rejectedquantity 0 is not tradeable
2026-09-21T18:23:31ZQQQ260925C00739000exit_failedstatus=abandonedunderlying 740.58 reached target 740.44
2026-09-21T18:23:31ZQQQ260925C00739000exitunderlying 740.58 reached target 740.44
2026-09-21T18:23:31ZQQQ260925C00739000canceledaoa-QQQ260925C00739000-sell-202609211823-r @ 6.29 unfilled, canceled
2026-09-21T17:06:05ZMETA260925C00730000entry1x @ 19.66, delta 0.54Strong momentum (+2.33 ADR, RVOL 2.39) supports continuation intraday; the 730 strike offers a tight 0.9% spread and delta 0.54 for balanced directional exposure without overpaying for extra weeks of theta, unlike the 25DTE contracts which carry unnecessary time value for an intraday trade.
2026-09-21T17:06:05ZMETA260925C00710000exitpremium +95% at or above 80%
2026-09-21T17:06:05ZAMD261016C00620000rejectedquantity 0 is not tradeable
2026-09-21T17:04:01ZMETA260925C00710000exit_failedstatus=abandonedpremium +86% at or above 80%
2026-09-21T17:04:01ZMETA260925C00710000exitpremium +86% at or above 80%
2026-09-21T17:04:01ZMETA260925C00710000canceledaoa-META260925C00710000-sell-202609211704-r @ 30.39 unfilled, canceled
2026-09-21T16:10:35ZQQQ260925C00739000entry3x @ 5.16, delta 0.49Moderate momentum (+1.45 ADR, RVOL 1.76) supports a same-day continuation call; picked the near-ATM 739 strike for intraday scalping with tight 0.2% spread, solid delta ~0.49, and decent liquidity, balancing responsiveness against the move already being partially extended.
2026-09-21T16:10:35ZQQQ260924C00733000exitpremium +80% at or above 80%
2026-09-21T16:10:35ZMETA260925C00725000rejectedMETA already has 1 open position(s) (cap 1)
2026-09-21T16:10:35ZARMskipconfidence 0.60Move already extended at +1.52 ADR with a wide 6.8% spread and 11 DTE (costly theta for an intraday-only trade), so risk/reward for a fresh entry is poor despite decent RVOL and delta; better to preserve capital and wait for a cleaner setup.
2026-09-21T16:10:35ZAMD261016C00620000rejectedquantity 0 is not tradeable
2026-09-21T14:03:01ZARM260925C00310000entry1x @ 12.53, delta 0.52RVOL 2.07 with only +0.76 ADR move suggests momentum has room to extend intraday; the near-ATM 310 strike offers tighter spread (1.9%) and higher delta (0.52) for better responsiveness on a short intraday hold than the further OTM 320 strike.
2026-09-21T14:03:01ZAMD261002C00620000rejectedquantity 0 is not tradeable
2026-09-21T14:01:28ZQQQ260924C00733000entry4x @ 4.39, delta 0.51Moderate momentum (+0.60 ADR, RVOL 2.97) supports a same-day continuation trade; this near-ATM contract has the tightest spread (0.5%) and a balanced 0.51 delta for good directional exposure without overpaying for time, and short 3 DTE minimizes theta bleed for an intraday hold.
2026-09-21T14:01:28ZMETA260925C00710000entry1x @ 16.57, delta 0.52Move is already extended (+1.13 ADR) but RVOL 2.56 confirms real participation; the 710 strike ATM contract has the tightest spread (1.5%) and highest delta (0.52) for best intraday follow-through capture with minimal time decay drag given only 4 DTE.
2026-09-21T14:01:28ZAMD261016C00630000rejectedquantity 0 is not tradeable
2026-09-21T13:32:23ZAVGO261016C00370000exitheld past its entry day (intraday-only, entered 2026-09-18)