About Condor14

Condor14 is an automated quantitative research project operated by QuantOptions Data Lab. It computes, publishes, and tracks 14-day iron condor setups across 30+ liquid US equities and ETFs — every trading day, algorithmically, with no human discretion.

Our Philosophy

We believe that options strategy research should be transparent, reproducible, and judged by its full track record — not by curated highlights. Every setup on this site is generated by a fixed set of rules documented on the methodology page. No trade is cherry-picked. No losing setup is hidden. The ledger is append-only and publicly viewable.

The Strategy Logic

We focus on the 14-day iron condor for a specific reason: it sits at the intersection of statistical edge and mechanical simplicity. The iron condor is a premium-selling, market-neutral structure that profits from time decay and range-bound price action rather than from directional predictions. The 14-day window is long enough for theta decay to compound and short enough to limit event exposure.

Our strike selection is anchored to the 14-day Average True Range (ATR-14), a volatility measure that adapts to each underlying's recent behavior. The short strikes are placed at approximately 1.5 ATRs from the spot price — a distance chosen so that, under normal market conditions, the underlying is expected to remain within the short strike envelope over a two-week horizon.

We track from open to expiration with no early exits, no stop-losses, and no adjustments. This is deliberate: it produces a clean, consistent data set where every setup is evaluated under the same rules. Real traders use stops and adjustments — and should — but a research harness must be internally consistent to produce meaningful statistics.

Data Sources

All market data — underlying quotes, option chains, implied volatility analytics, and daily OHLCV bars — is sourced from FutuOpenD, Futu's local market data gateway, via the futu-api Python SDK. Historical daily bars are cached in a local SQLite database for indicator computation.

Data is refreshed each US trading day after the market close (approximately 4:30 PM Eastern). The site is updated via an automated pipeline that runs Monday through Friday.

Transparency

• The methodology page documents every formula, threshold, and edge case. No black boxes.
• The public ledger (data/ledger.json) is committed to the site repository and contains every setup and every skip reason since launch.
• Settlement is rule-based. A setup wins if the underlying closes between the two short strikes at the target exit date, inclusive. Otherwise it loses. No judgment calls.

What This Site Is Not

Condor14 is not a trading signal service, an advisory platform, or a broker. It does not recommend any trade, position size, or strategy. The setups shown are research artifacts generated by a mechanical process. Options trading involves substantial risk of loss and is not suitable for all investors. Past performance — including win rates and cumulative P&L shown on this site — does not guarantee future results.

Contact

Questions, corrections, or feedback: contact page or email lxhkings@gmail.com.