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
$96,275
Realised P&L
-4,587
Open
3
Closed
8
Win rate
0%

A fresh paper account, trading since 2026-09-13 on the same strategy and risk gates as the judged competition above. 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
MSTR261016C00150000MSTRcall19.00136.49156.352026-10-16Momentum is present but not extreme (+0.86 ADR, RVOL 1.56), so a longer-dated 28 DTE contract gives the thesis room to play out while avoiding weekly theta decay risk; this contract has the tightest spread (1.1%), solid delta (0.47) and best liquidity of the group, offering the best risk/reward entry.
AVGO261016C00370000AVGOcall111.05351.36383.962026-10-16Strong momentum (RVOL 2.29, +1.26 ADR) supports a call entry, and this contract has by far the best liquidity/spread (0.3%, 2292 prior-day volume) with a reasonable 0.45 delta, giving the most room to manage the trade without slippage eating the edge; the extra DTE also buffers against short-term chop versus the 5-7 DTE contracts that are more exposed to rapid theta/gamma risk if momentum stalls.
COIN261016C00200000COINcall110.25178.28217.022026-10-16Moderate momentum (+1.32 ADR, RVOL 1.55) supports a call entry, but move is not extreme enough to chase a near-dated tight-delta contract; the 28 DTE 200 strike offers the tightest spread (1.2%), solid delta (0.44) and gives the move room to develop without theta pressure of the 7 DTE options.

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
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
2026-09-18T14:42:42ZCOIN261016C00200000entry1x @ 10.37, delta 0.44Moderate momentum (+1.32 ADR, RVOL 1.55) supports a call entry, but move is not extreme enough to chase a near-dated tight-delta contract; the 28 DTE 200 strike offers the tightest spread (1.2%), solid delta (0.44) and gives the move room to develop without theta pressure of the 7 DTE options.
2026-09-18T14:12:14ZSMCI261016C00042000exitpremium -40% at or below -40%
2026-09-18T13:54:18ZAVGO261016C00370000entry1x @ 11.09, delta 0.45Strong momentum (RVOL 2.29, +1.26 ADR) supports a call entry, and this contract has by far the best liquidity/spread (0.3%, 2292 prior-day volume) with a reasonable 0.45 delta, giving the most room to manage the trade without slippage eating the edge; the extra DTE also buffers against short-term chop versus the 5-7 DTE contracts that are more exposed to rapid theta/gamma risk if momentum stalls.
2026-09-18T13:50:55ZAVGO261016C00370000canceledaoa-AVGO261016C00370000-buy-202609181350-r @ 11.09 unfilled, canceled
2026-09-18T13:50:54ZMSTR261016C00150000entry2x @ 9.07, delta 0.47Momentum is present but not extreme (+0.86 ADR, RVOL 1.56), so a longer-dated 28 DTE contract gives the thesis room to play out while avoiding weekly theta decay risk; this contract has the tightest spread (1.1%), solid delta (0.47) and best liquidity of the group, offering the best risk/reward entry.
2026-09-18T13:50:54ZAVGO261016C00370000canceledaoa-AVGO261016C00370000-buy-202609181350 @ 10.98 unfilled, canceled
2026-09-18T13:50:54ZAVGO261016C00370000abandoned1x @ 11.09, delta 0.44Strong momentum (RVOL 2.32, +1.25 ADR) supports a bullish continuation play, and the Oct16 370C offers the tightest spread (2.6%), solid delta (0.44), and highest liquidity of the group, giving the best risk/reward with enough time to work versus the tighter-dated contracts.
2026-09-17T19:55:03ZAMD260925C00550000exitunderlying 543.19 broke stop 543.76
2026-09-17T19:10:56ZAMD260925C00550000entry1x @ 14.53, delta 0.47Moderate momentum (+0.64 ADR, RVOL 1.53) supports a call entry without being overextended; this contract has the tightest spread (0.3%), solid delta (0.47) near ATM, highest liquidity of the near-dated options, and 8 DTE gives the move room to develop without excessive theta decay.
2026-09-17T19:09:50ZAMD261016C00550000rejectedquantity 0 is not tradeable
2026-09-17T19:08:44ZAMD261002C00555000rejectedquantity 0 is not tradeable
2026-09-17T19:05:38ZAMD260925C00550000canceledaoa-AMD260925C00550000-buy-202609171905-r @ 14.14 unfilled, canceled
2026-09-17T19:05:37ZAMD260925C00550000canceledaoa-AMD260925C00550000-buy-202609171905 @ 14.11 unfilled, canceled
2026-09-17T19:05:37ZAMD260925C00550000abandoned1x @ 14.14, delta 0.47Momentum is only moderate (+0.57 ADR, RVOL 1.53), so favor a tighter, high-liquidity contract with solid delta rather than chasing further OTM strikes; this contract has the tightest spread (0.6%), reasonable delta (0.47) for directional exposure, and decent volume within a short 8 DTE window to capture near-term follow-through.
2026-09-17T19:02:30ZAMD261002C00555000canceledaoa-AMD261002C00555000-buy-202609171902-r @ 18.48 unfilled, canceled
2026-09-17T19:02:29ZAMD261002C00555000canceledaoa-AMD261002C00555000-buy-202609171902 @ 18.39 unfilled, canceled
2026-09-17T19:02:29ZAMD261002C00555000abandoned1x @ 18.48, delta 0.45Momentum is moderate (+0.58 ADR, RVOL 1.53) rather than extreme, so favor a slightly OTM strike with more time (15 DTE) to let the move develop while keeping a tight 1.3% spread and reasonable delta (0.45) for good risk/reward and liquidity.
2026-09-17T19:01:23ZAMD261016C00550000rejectedquantity 0 is not tradeable
2026-09-17T18:37:18ZAMD261016C00570000rejectedquantity 0 is not tradeable
2026-09-17T18:31:00ZAMD260925C00550000exitunderlying 544.86 broke stop 544.87
2026-09-17T18:25:44ZAMD260925C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T18:24:38ZAMD260925C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T18:23:32ZAMD260921C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T18:07:46ZAMD261016C00550000rejectedquantity 0 is not tradeable
2026-09-17T18:06:41ZAMD261002C00550000rejectedquantity 0 is not tradeable
2026-09-17T18:05:35ZAMD260925C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T18:04:28ZAMD261002C00570000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T18:03:22ZAMD260925C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T17:53:54ZAMD261002C00555000rejectedquantity 0 is not tradeable
2026-09-17T17:52:48ZAMD260925C00550000rejectedAMD already has 1 open position(s) (cap 1)
2026-09-17T17:51:38ZAMD261016C00550000rejectedquantity 0 is not tradeable
2026-09-17T17:44:16ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:42:08ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:41:01ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:39:55ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:38:49ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:37:43ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:36:37ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:35:31ZSMCI260925C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:34:25ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:28:05ZSMCI260925C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:22:48ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:18:34ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:05:58ZSMCI260925C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:04:52ZSMCI260925C00041000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:01:41ZSMCI260925C00041000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T17:00:34ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:57:21ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:56:15ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:55:09ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:54:00ZSMCIskipconfidence 0.60Price has already extended +1.33 ADR with RVOL 3.13, meaning much of the momentum move is likely priced in and chasing here risks poor entry timing; none of the contracts offer a clearly superior risk/reward (short-dated ones have tight timeframes to reverse decay, longer-dated has wider absolute cost) to justify entering after such an extended move.
2026-09-17T16:52:53ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:51:47ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:50:40ZSMCI260925C00041000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:49:34ZSMCIskipconfidence 0.62Move is already extended at +1.29 ADR with elevated RVOL, meaning much of the momentum may be priced in and chasing here risks poor entry timing; none of the contracts offer a clearly superior risk/reward to justify entering into an already-stretched move.
2026-09-17T16:48:28ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:47:22ZSMCI260925C00041000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:46:13ZSMCI260925C00041000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:45:02ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)
2026-09-17T16:43:55ZSMCI261016C00042000rejectedSMCI already has 1 open position(s) (cap 1)