Season 0

Season 0 rules

Every order is checked against these before it’s placed, and your equity on every mark.

Where a run ends

Target: $10,800Equity at or over the target on 2 marks in a row, 1 minute apart, or at a session’s close.
Activity: 20 tradesOn 10 trading days or more. A trade counts when it opens a new position risking $50 or more.
Best day: 40%No single day’s gain over 40% of the profit, close to close.
Process: 70A process score of 70 or more over all your challenge trades, with at most 2 Blunders. A trade still open is graded as if you sold it at its latest price.

Length: 20 sessionsYour run’s own 20 trading sessions, from the day you start: join after the close and the next session is your first. Holidays don’t count.
Passing: You pass the moment every rule is met, checked every minute and at each close. There’s no waiting for an end date.
Time’s up: If your 20 sessions end without a pass, the run ends there. Positions still open are valued at the closing bid; close them yourself for a better price.
New run: 1After a breach, one new run with a fresh $10,000 and a fresh clock, 24 hours later.
Season: Season 0 is the group you’re ranked with: everyone who joins it, each on their own clock.
Funded: Passing makes you Funded for Season 0.

Age: 18+18 or older.
Where: USUS residents: the 50 states and DC.
One each: One Optix account per person, and one run at a time.
Agents: Automatic agent rules don’t run on challenge accounts. An agent’s order waits for your approval, every time.

Per trade: $200The most one trade can lose, fees included.
Per stock: $200The most your open trades on one stock can lose together.
Headroom: All your open risk must fit between your equity and the max-loss floor.
Structures: Long calls and puts, debit spreads and butterflies. Nothing that sells an option the trade doesn’t cover.
Expiry: 1+ dayNo same-day expiries.
Liquidity: Each leg needs open interest of 250 or more, 25 or more traded the session before, and a bid-ask spread of 10% of its midpoint or $0.05 at most. A spread trade’s whole spread: 15% at most.
Stock: $5Any stock or ETF with listed options, at $5 or more.
Quotes: 15 secondsAn order is checked on quotes 15 seconds old at most.
Fees: $0.65Per contract, per leg, when a trade opens and when it closes. None at expiry.
Thesis: Every order comes from a thesis with your chance. The process score grades it.

Price: Long legs at the bid, short legs at the ask: what closing now would get. A spread is never worth less than zero or more than its width.
When: 9:35 AM ETEvery minute from 9:35 AM ET to the close. Opening quotes are too wide to count before then.
Confirm: 2 marksA run ends on 2 marks in a row at or under a limit, at least 1 minute apart. On your run’s last minute, one is enough.
Stale: 1 minuteA quote older than 1 minute is stale, and a stale mark never ends a run. A leg with no fresh quote keeps its last mark for 5 minutes, then counts at what it’s worth if exercised.
Each day: $300The daily loss limit starts from the previous session’s close (the start on day one).

The official rules: Who can enter, fair play, and what passing means.

Rules version season-0.3

A simulated $10,000 account at real market prices. No real money is at risk.