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 — after the window, still trading

Equity
$95,883
Realised P&L
-3,266
Open
2
Closed
41
Win rate
22%

The agent keeps running past the competition. On 4 Sep a deadline rule force-exited every position each tick while entries stayed open, so one contract was repeatedly bought and re-sold before it was caught and fixed — those round trips are in the post-window table below, and they fall entirely outside the judged window above.

Open positions

contractunderlyingrightqtyentrystoptargetexpirythesis
SHOP260918P00130000SHOPput44.05138.04116.202026-09-18Strong downside momentum (-1.51 ADR move, RVOL 1.60) supports continuation, and the near-the-money put has reasonable delta (-0.45) and acceptable spread (6.3%) for a 9 DTE contract; position sizing should stay modest given the move is already somewhat extended.
SOXL260914C00125000SOXLcall62.77117.90137.342026-09-14Momentum is only modest (+0.51 ADR, RVOL 1.58) rather than explosive, so favor the near-ATM contract with the tightest spread (1.0%), reasonable delta (0.48), and notably lower IV (0.72 vs 1.00) which reduces premium overpay risk; the 3 DTE keeps risk contained given the move isn't extreme enough to justify paying up for extra time or a far OTM strike.

Closed positions — competition window

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

Closed positions — after the window

contractqtyentryexitP&Lreason
NFLX260918P00076000111.670.99-748premium -40% at or below -40%
GOOGL260918P0033000027.154.85-460underlying 331.68 broke stop 331.53
AMD260918C00520000117.959.90-805premium -44% at or below -40%
SPY260918P0076500036.2111.04+1,449underlying 758.87 reached target 760.48
ARM260918C00280000110.306.00-430premium -42% at or below -40%
AMD260918C00500000117.2029.40+1,220underlying 519.80 reached target 519.62
SMCI260918C00042000121.570.90-804premium -42% at or below -40%
SMCI260918C0004000091.922.28+324underlying 40.20 reached target 39.92
SMCI260918C00042000111.641.32-352underlying 39.90 broke stop 39.93
SMCI260918C0004000082.142.12-16competition ends 2026-09-04
SMCI260918C0004000092.042.00-36competition ends 2026-09-04
SMCI260918C0004000092.092.05-36competition ends 2026-09-04
SMCI260918C0004000092.112.10-9competition ends 2026-09-04
SMCI260918C0004000092.122.07-45competition ends 2026-09-04
SMCI260918C0004000092.072.08+9competition ends 2026-09-04
SMCI260918C0004000092.041.95-81competition ends 2026-09-04
SMCI260918C0004000092.072.00-63competition ends 2026-09-04
SMCI260918C0004000092.052.01-36competition ends 2026-09-04
SMCI260918C0004000092.072.03-36competition ends 2026-09-04
SMCI260918C0004000092.052.03-18competition ends 2026-09-04
SMCI260918C0004000092.082.01-63competition ends 2026-09-04
SMCI260918C0004000092.021.94-72competition ends 2026-09-04
SMCI260918C00040000101.901.90+0competition ends 2026-09-04
SMCI260918C00040000101.921.88-40competition ends 2026-09-04
SMCI260918C00040000101.841.77-70competition ends 2026-09-04
SMCI260918C0004000091.961.79-153competition ends 2026-09-04
SMCI260918C00040000101.801.90+100competition ends 2026-09-04
SMCI260918C00040000101.901.78-120competition ends 2026-09-04
SMCI260918C00040000101.921.84-80competition ends 2026-09-04
SMCI260918C00040000101.871.85-20competition ends 2026-09-04
MSFT260918C0052000027.004.70-460competition ends 2026-09-04
AAPL260918C0032500027.458.50+210competition ends 2026-09-04
AAPL260918C0033000065.625.80+105competition ends 2026-09-04
TSLA260918C00380000112.655.75-690competition ends 2026-09-04
MSTR261016C00150000112.5010.40-210competition ends 2026-09-04

Decision log

time (UTC)symbolactiondetailthesis
2026-09-11T15:33:36ZSOXL260914C00125000entry6x @ 2.88, delta 0.48Momentum is only modest (+0.51 ADR, RVOL 1.58) rather than explosive, so favor the near-ATM contract with the tightest spread (1.0%), reasonable delta (0.48), and notably lower IV (0.72 vs 1.00) which reduces premium overpay risk; the 3 DTE keeps risk contained given the move isn't extreme enough to justify paying up for extra time or a far OTM strike.
2026-09-11T13:50:14ZXLFskipconfidence 0.60Move of only -0.78 ADR with RVOL 1.53 is a modest, not extended, momentum signal for a low-beta sector ETF like XLF, and the 35 DTE at-the-money put offers a mediocre risk/reward given the muted underlying move; better to wait for a stronger confirmed breakdown before deploying capital.
2026-09-11T13:33:31ZNFLX260918P00076000exitpremium -40% at or below -40%
2026-09-10T14:38:46ZGOOGL260918P00330000exitunderlying 331.68 broke stop 331.53
2026-09-10T13:52:48ZAMD260918C00520000exitpremium -44% at or below -40%
2026-09-10T13:50:45ZAMD260918C00520000exit_failedstatus=abandonedpremium -41% at or below -40%
2026-09-10T13:50:45ZAMD260918C00520000exitpremium -41% at or below -40%
2026-09-10T13:50:45ZAMD260918C00520000canceledaoa-AMD260918C00520000-sell-202609101350-r @ 10.34 unfilled, canceled
2026-09-10T13:30:59ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:30:59ZSHOP260918P00130000exit_failedstatus=abandonedpremium +90% at or above 80%
2026-09-10T13:30:59ZSHOP260918P00130000exitpremium +90% at or above 80%
2026-09-10T13:30:59ZSHOP260918P00130000canceledaoa-SHOP260918P00130000-sell-202609101330-r @ 6.82 unfilled, canceled
2026-09-10T13:29:57ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:29:57ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:28:55ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:28:55ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:27:53ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:27:53ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:26:51ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:26:51ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:25:49ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:25:49ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:24:47ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:24:47ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:23:45ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:23:45ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:22:43ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:22:43ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:21:41ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:21:41ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:20:39ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:20:39ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:19:36ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:19:36ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:18:34ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:18:34ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:17:32ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:17:32ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:16:30ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:16:30ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:15:28ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:15:28ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:14:26ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:14:26ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:13:24ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:13:24ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:12:22ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:12:22ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:11:20ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:11:20ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:10:18ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:10:18ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:09:16ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:09:16ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:08:14ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:08:14ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:07:12ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:07:12ZSPY260918P00765000exitunderlying 758.87 reached target 760.48
2026-09-10T13:06:10ZSPY260918P00765000exit_failedsession closed; options not trading
2026-09-10T13:06:10ZSPY260918P00765000exitunderlying 758.87 reached target 760.48