Expiry Profit Pull Minimum %

Setting key
expiry_close_profit_min_pct
Default
25%

What it does

Minimum profit threshold required before ACondor pulls a position early on the day before expiration (within 1 DTE). Without this floor, the bot would close any profitable position near expiry, including positions that have captured only a few dollars of the max profit. This gate prevents closing for pennies. A position within 1 DTE must have captured at least this percentage of its maximum possible profit before the expiry pull fires.

When to change it

Lower it if you want the bot to pull positions near expiry even when they have barely moved in your favor. Raise it if you want to hold closer to expiry to capture more premium. The default 25% means a $1.00 credit position needs to be worth at least $0.75 to trigger the early pull.

Safe range

10% (pull almost anything near expiry) to 75% (only pull near-full winners). Default 25% is a good starting point.

Example

$1.50 credit iron condor. At 1 DTE, current value is $1.20, a profit of $0.30, which is 20% of max profit. Below the 25% floor, so the bot holds. If value drops to $1.05, profit is 30% of max, above the floor, so the bot pulls it.

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.