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⚠️ Not financial advice. Signals are for educational purposes only. Past performance is not indicative of future results. $5-wide spreads: max risk ≈ $500 per spread ($5 × 100 − net credit). 10 contracts ≈ $5,000 max risk minus total credit received. Trading involves substantial risk of loss. No live trade execution.
⚠️ All performance data is backtested and hypothetical. Past performance does not guarantee future results. Live performance tracking coming soon.
These are next-day expiration SPXW options (technically 1 DTE when entered after market close).
You are buying an Iron Condor after today's market close that will expire tomorrow at 3:00pm CST.
This overnight hold also bypasses Pattern Day Trader rules for accounts under $25k.
Charles Schwab/thinkorswim is the recommended default. Account opening takes 1–3 business days for approval. Fund with at least $5,000 per spread you want to trade (max risk per 1-contract spread is ~$500; 10 contracts = ~$5,000 max risk).
Iron Condors require Tier 3 options approval (defined-risk spreads). In thinkorswim: Account → Settings → Options trading approval. Select "Spreads" or Level 3. Requires ~6–12 months trading history or a sufficient account size. Approval usually within 1–3 business days.
Log in here. Review the three risk tiers (Conservative / Balanced / Aggressive). Pick the one that matches your account size and risk tolerance. You have until ~3:15pm CST to enter.
Never enter 4 legs separately — use the combo order to ensure you receive the net credit shown.
⚠️ Not financial advice. This is for educational purposes only. Always verify execution times with your broker — SPXW next-day option entry windows can vary. Past performance is not indicative of future results.
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