Exit Warmup Minutes

Setting key
exit_warmup_minutes
Default
15

What it does

Number of minutes after market open during which opportunistic exits (profit-target, morning-after-earnings) are suppressed. Prevents the bot from closing positions at the open when bid-ask spreads are wide and fills are poor. Defensive exits (delta defense, news gate, stop loss, expiry flatten, assignment) always fire immediately regardless of this setting.

When to change it

Raise to 30 if you see the bot closing positions at wide spreads in the first 15 minutes. Lower to 0 only if you are confident in open liquidity for your underlyings.

Safe range

0 (no delay) to 30 minutes. Above 30 means missing valid exit opportunities during the first half-hour.

Example

Market opens 9:30 AM ET. With exit_warmup_minutes=15, profit-target exits do not fire until 9:45 AM. A position that hit 50% profit overnight closes at 9:45 rather than at the wide open spread.

Financial Information Disclaimer

This site provides general information about ACondor, a software tool for automating options trading strategies. Nothing on this site is investment, tax, or financial advice. Options trading involves substantial risk of loss. Past behavior of any strategy does not guarantee future results. Consult a licensed financial professional before trading options. ACondor may earn a commission from affiliate links at no extra cost to you.