QQQ, Sep 11, 2026 · Trading desk

Paper trading, not investment advice. Every account and book on these pages trades paper money: the Alpaca paper accounts DAILY ($1,000,000 from Sep 30, 2026), INTRA1 ($100,000 from Sep 30, 2026) and INTRA2 ($100,000 from Sep 30, 2026); the simulated books SIM-TT ($100,000 from Sep 29, 2026), SIM-V2B ($100,000 from Sep 28, 2026) and SIM-V2B-TOM ($100,000 from Sep 28, 2026), filled at the official close; and market-analysis's ledgers, one contract per position against a $100,000 reporting equity. No real money is at stake. Positions, trades and P&L are published the same day, as the engines record them, with each number's source and cost model labelled. Nothing here is a recommendation to buy, sell or hold any security, and nothing is tailored to you. Each strategy is a pre-registered experiment, read once on a date or at a trade count fixed in advance; until then its record says little either way. I may hold or have held positions in securities shown here. Markets can and do lose money.

Account: MA
Strategy: S-B QQQ iron condor, exploration
Book: exploration
Symbol: QQQ
Asset class: option structure
Side: short
Exposure: neutral
Status: closed
Opened: Sep 11, 2026
Closed: Oct 2, 2026
Quantity: 1
Entry price: 3.315071
Exit price: 0.00
Exit by: expiry
Book value at entry: —

Record GitHub ledger

Cost model

half of each leg's quoted spread plus $0.65 a contract at entry; $0.65 a contract at expiry

Entry value: —
Exit value: —
P&L: +$331.51
Dividends: —
P&L with dividends: —
Costs: $9.87
Net P&L: +$321.63
Return: —
Of the book: —
R multiple: +0.08
Held: 21 days

Role	Date	At (ET)	Side	Qty	Asked	Price	Rule's price	Close	Slippage	Against the close	How	Why	The rule's numbers
entry	Sep 11, 2026	—	sell	1	—	3.315071	—	—	—	—	late window	gate ON	8 trigger numbers x 23.33 vix 17.84 asof 2026-09-10 mode both vix3m 19.73 reason ON verdict ON x_median 21.465000000000003 9 numbers m 0.05041919725714397 x 21.02 spot 714.8 width 45 window P3 dte_cal 21 entry_cost_usd 7.272492371950534 entry_tier_max 1 credit_over_width 0.07366824118804796
exit	Oct 2, 2026	—	buy	1	—	0.00	—	—	—	—	expiry	held to expiry	4 numbers settle_close 749.59 exit_cost_usd 2.6 exit_tier_max 4 settle_source daily_contract

Contract	Right	Strike	Expiry	Side	Qty	Entry	Facts
QQQ261002P00680000	put	680.00	Oct 2, 2026	short	1	3.270145	4 numbers exit_tier 4 entry_tier 1 entry_source print_vwap entry_spread 0.010930256038647343
QQQ261002P00635000	put	635.00	Oct 2, 2026	long	1	0.97	4 numbers exit_tier 4 entry_tier 1 entry_source print_vwap entry_spread 0.022649636363636365
QQQ261002C00750000	call	750.00	Oct 2, 2026	short	1	1.034926	4 numbers exit_tier 4 entry_tier 1 entry_source print_vwap entry_spread 0.011340114814814815
QQQ261002C00795000	call	795.00	Oct 2, 2026	long	1	0.02	4 numbers exit_tier 4 entry_tier 1 entry_source print_vwap entry_spread 1.2

Settled at the underlying's last print that day, not the official close: the record says `prices`, and market-analysis's D31 corrects it. No strike lay between the two, so the result is the same at either.

variant: B1
risk_usd: 4168.492914653784
graded_at: 2026-10-02
n_touches: 8
policy_id: sb-1.0
structure: IC
max_loss_usd: 4168.492914653784
cost_over_credit: 0.02978063760429134

QQQ · S-B QQQ iron condor, exploration

The trade

Result

Entry and exit

Legs

Notes