Bot Settings

Set your paper balance, ticker list, exposure limits and position-management preferences.

Equity

$0.00

Buying Power

$0.00

Daily P&L

$0.00

Open Positions

Trading Universe

Choose up to 20 tickers for Phantom to monitor. Adding a ticker does not force an entry. Short-dated options can change value quickly; review the actual contract and expiration in Portfolio.

Entry Lanes & Hours

Phantom always trades the node turn, pullback turn and zone flip. These control the two level lanes, the midday pause and the big-strike filter.

Enters when price holds a GEX level for 5-20 minutes, wicking on it without closing through, then closes out of the range.

Enters when price tags a strong node zone and turns off it, with room to the next level.

Skip new entries from 11:45 to 12:30 ET. New entries always stop at 2:00 PM ET.

Skip an entry when a big gamma strike sits less than 2 bars ahead. Fewer trades and smaller losing days, but less growth.

How to use Phantom

Phantom monitors market context and can manage eligible options trades within your limits. It may watch or skip an idea. Confirm paper or live mode and the active account before enabling execution.

Partial sales are off: the whole position stays under stop and profit protection. Stops and profit floors cannot guarantee a fill or prevent every loss.

Learn Phantom and its settings

Account & Limits

Paper account balanceStarting equity for the simulated account. Restarting applies this amount and clears paper history.

Risk per tradeShare of available balance budgeted for a planned stop loss. Gaps can exceed it.

Max position costMaximum share of available balance spent on one position's premium.

Daily loss limitDaily loss threshold that blocks new entries; existing positions still need management.

Max open positionsMaximum number of positions open at once.

Max positions per tickerMaximum simultaneous positions in the same ticker. More increases concentration.

Stops & Exits

Hard premium stopOption-premium loss threshold for closing a position. The exit price can differ from the threshold.

Breakeven triggerPeak gain at which protection reaches entry price. Fees and slippage can still leave a loss.

Runner floor starts atPeak gain that activates the first profit-protection floor when partial sales are off.

Runner floor keepsShare of the best sellable gain used for the first floor, not a share of contracts. Zero disables this rung.

Big-runner floor reached atPeak gain at which the stronger protection setting is reached.

Big-runner floor keepsShare of the best sellable gain used for stronger protection. Zero disables this rung.

Partial Take Profits (TP1 / TP2)

Choose whether to sell portions at the configured premium-gain targets. Whole-contract rounding means small positions may not match the requested percentages.

With one contract, choose a full TP1 exit or continued management with entry-price protection. Contract percentages round to whole units.

TP1 triggerOption-premium gain that activates the first take-profit step when partial sales are on.

TP1 contracts to sellShare of the original quantity to sell at TP1, rounded to whole contracts while retaining a runner.

TP2 triggerOption-premium gain that activates the second step after TP1.

TP2 contracts to sellShare of the original quantity to sell at TP2, retaining a contract when possible.

Runner trailAllowed pullback from the premium peak after TP1; used when partial sales are on.

Minimum runner lockProfit-protection floor used after TP1. A requested floor is not a guaranteed fill.

Restart paper account

Deletes Phantom paper trades, including open paper positions, and resets Portfolio, Performance, Replay, and analytics to the configured starting balance.