GammaRips

Track Record

We track every contract to the end.

Every morning we surface roughly 40 to 50 contracts. We follow every one from the 10:00 ET fill until it expires. Nothing gets edited out. Here is what happened to them.

Most of these contracts had a moment.

This is the full-life window: the 10:00 ET fill on the morning we surfaced the contract, through to expiration, with no exit rule applied.

6 out of 10

were up +40% or better at some point

1 in 2

were up +71% or more at their best moment

4 out of 10

doubled at some point

full-life window, no exit rule · all 3,126 contracts that have expired so far, 2026-04-10 to 2026-08-20 · updated daily

Read that as a property of liquid optionable calls, not as proof that our selection creates it. Two pre-registered studies in August 2026 measured the pool against matched random contracts on the same tape and could not tell them apart. We publish the studies, not a selection claim.

The best moment usually comes early.

When did each contract hit its best price, counting from the morning we surfaced it? Day 1 is that morning.

In the first 3 days
42%
Within the next two weeks
39%
Later than that
19%

Most best moments come early. Even so, about 1 out of 5 contracts does not hit its best price until more than two weeks in.

This chart is the full-life window. Our own paper cohort exits the same day and is flat by 15:45 ET, so it never reaches the later peaks shown here. The same contract can read strong on this chart and flat under a same-day exit. Match the window to the hold you actually plan to take.

If you never sell, you lose.

Held all the way to the end, about 7 out of every 10 of these contracts finished nearly worthless, down 90% or more. The ride is violent too. The typical contract's worst moment along the way was -98% from the fill, even when it also had a big up moment.

We also ran the naive version. Buy every single contract, then exit on one fixed same-day rule: in at the 10:00 ET mark, take profit at +40%, stop at -30%, close anything still open at 15:45 ET. It loses money (-4.7% per contract on average). We publish that on purpose. It is why we sell data and not picks.

The moves are real and they are temporary. Building a pool you can actually trade is our job. Entry and exit are yours, or your agent's.

See the full data: charts and tables for people and agents who want the detail

Every figure below sits in the full-life window: the 10:00 ET surfacing fill through to expiration, with no exit rule applied. It is a different window from the same-day bracket above and from the 3-day opportunity surface served over MCP. Do not read one against another.

+71%

median best moment (peak premium return)

+400%

the top 10% of contracts peaked here or higher

-98%

median worst moment along the way

-100%

median value if held to expiration

Best moment before expiration

Each contract's best price after surfacing, against the 10:00 ET surfacing price. Share of all 3,126 tracked contracts per bucket.

16.1%<+5%
10.8%+5–20%
10.9%+20–40%
11.7%+40–70%
8.7%+70–100%
16.7%+100–200%
25%+200%+

Value if held to expiration

The same pool, never sold. Settlement value against the surfacing price. Blue = loss side, gold = gain side. N = 3,128.

66.6%<−90%
3.6%−90–−50%
4.9%−50–0%
4.1%0–+50%
3.8%+50–100%
5.7%+100–200%
11.4%+200%+
Best moment before expiration
bucketcontractsshare
<+5%50216.1%
+5–20%33910.8%
+20–40%34210.9%
+40–70%36611.7%
+70–100%2738.7%
+100–200%52316.7%
+200%+78125%
Held to expiration
bucketcontractsshare
<−90%208266.6%
−90–−50%1123.6%
−50–0%1534.9%
0–+50%1294.1%
+50–100%1183.8%
+100–200%1775.7%
+200%+35711.4%

Peak figures are realized per-contract extremes. They are profit potential, not a return anyone earned. Nobody sells at the exact top. Distributions cover 2026-04-10 to 2026-08-20 and exclude 1,340 contracts too illiquid to price cleanly at entry, 754 not yet expired or awaiting the nightly labeler, and 4 whose labeling failed. All counted, none hidden. Cohort break: contracts surfaced before the morning of 2026-08-25 (scan dates before 2026-08-24) came from the earlier unusual-activity funnel, which the liquid-universe funnel replaced. The two are not one population, and this record is still dominated by the older pool, because a contract only joins it after it expires. Separately, a small paper-traded cohort exercises the engine daily under fixed mechanical rules as a measurement instrument. We make no marketing claims from it.

Paper-trading data · Educational only · Not investment advice

Want to work this data?

Everything on this page, plus the contract-by-contract detail behind it, is what your AI agent gets over MCP. Our Lab publishes the experiments we run on it, including the ideas that failed.

Paper-trading data, educational content only. Not investment advice. Excursion figures are realized per-contract extremes, conditional on the stated tracking window. They are not returns achieved by any account. Past performance is not a guarantee of future results.

One email a week. Catch up in five minutes.

The GammaRips weekly briefing — engine state, the latest Lab experiment, and what the pool's outcome data showed. No firehose, no FOMO.

Free weekly newsletter. No spam. Unsubscribe anytime.

    We Use Cookies

    We use cookies to enhance your experience, analyze site traffic, and for marketing purposes. By clicking "Accept," you agree to our use of cookies. Read our Privacy Policy.