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Basic Options Plan - Evaluation Rules Overview

The rules you need to follow to pass your Evaluation

T
Written by Tom

To pass your Evaluation, reach a 10% profit target over at least 10 trades, keep your consistency below 30%, and never let your equity reach your loss limit.

Rule

Requirement

Learn more

Profit target

10% of your starting equity, on closed trades

Minimum trades

10 trades

Consistency

Your best trade must be less than 30% of your total profit

Maximum drawdown

5% of your starting equity

Drawdown type

Intraday trailing: your loss limit rises in real time, including open trades

Trading permissions

Long calls and long puts only

Closing time

All positions closed by 3:59pm EST

Time limit

None

Daily loss limit

None


Nice to Know

No daily loss limit.

Many firms disable your account if you lose a set amount in one day. We don't. Only your loss limit applies.

No time limit.

Take as long as you need to pass. There's no deadline, so you can focus on trading well instead of trading fast.


Take Note Of

  • Profits can't be withdrawn during the Evaluation.

  • You need to keep paying the monthly subscription fee to keep your Evaluation account active.

  • The goal is to qualify for a Performance Account, where you can request payouts.

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