CONVEXGATE — ONE TRADE AT A TIME
Calculation memo | November 1, 2026
Synthetic examples; not historical trades or investment recommendations.

ACCOUNT AND BUDGET
Every example independently starts with $100,000 equity. Default planned loss: $2,500 / 2.5% before costs. Never add the long/short alternatives or the four markets together.
Fees, spread and other costs are excluded. The plan is not a guaranteed maximum loss or a prop-program loss allowance.

NQ futures
Quantity: 1. Planned loss: $2,500. Modeled loss: $7,500; remaining equity $92,500.
Long futures: entry 28790.25; intended protective exit 28665.25; target 29040.25 (not reached); modeled closing fill 28415.25.
Short futures: entry 28790.25; intended protective exit 28915.25; target 28540.25 (not reached); modeled closing fill 29165.25.
$2,500 / $20 = 125 planned adverse points. Final distance = 3 x plan.

ES futures
Quantity: 1. Planned loss: $2,500. Modeled loss: $7,500; remaining equity $92,500.
Long futures: entry 7647.5; intended protective exit 7597.5; target 7747.5 (not reached); modeled closing fill 7497.5.
Short futures: entry 7647.5; intended protective exit 7697.5; target 7547.5 (not reached); modeled closing fill 7797.5.
$2,500 / $50 = 50 planned adverse points. Final distance = 3 x plan.

QQQ 0DTE
Quantity: 10. Planned loss: $2,500. Modeled loss: $3,500; remaining equity $96,500.
Purchased call: entry 3.5 per-share premium; strike 700; intended protective exit 1; target 8.5 (not reached); expired unexercised, $0 value, no closing sale; assumed expiry ETF price 690.
Purchased put: entry 3.5 per-share premium; strike 700; intended protective exit 1; target 8.5 (not reached); expired unexercised, $0 value, no closing sale; assumed expiry ETF price 710.
($3.50 - $1.00) x 100 x 10 = $2,500 plan. $3.50 x 100 x 10 = $3,500 premium paid / full-premium loss.

SPY 0DTE
Quantity: 10. Planned loss: $2,500. Modeled loss: $3,500; remaining equity $96,500.
Purchased call: entry 3.5 per-share premium; strike 760; intended protective exit 1; target 8.5 (not reached); expired unexercised, $0 value, no closing sale; assumed expiry ETF price 750.
Purchased put: entry 3.5 per-share premium; strike 760; intended protective exit 1; target 8.5 (not reached); expired unexercised, $0 value, no closing sale; assumed expiry ETF price 770.
($3.50 - $1.00) x 100 x 10 = $2,500 plan. $3.50 x 100 x 10 = $3,500 premium paid / full-premium loss.

CAUSE
Protective exits were written down but not submitted as orders. The trader deferred closing when prices crossed the intended exits. Default futures exits occur at three times the planned adverse distance; options are left to expire out of the money, unexercised. Position sizes do not increase during the trade. Submitted orders would not guarantee planned fills or loss caps.

CONTROL PRESETS
Budgets: $500, $1,000, $2,500, $5,000. Futures: 1 contract, 1–4 times planned exit distance. Options: quantity = budget / $250 planned loss per contract; actual closing premium $1.00 to $0.25, or $0 unexercised expiry. The default target is twice the planned price loss before costs.

REFERENCES
NQ December 2026 entry reference 28,790.25: Nov 1, 2026, 22:32:38 EST.
ES December 2026 entry reference 7,647.50: Nov 1, 2026, 22:29:56 EST.
Provider: eSignal; reported delay 10 minutes. These are saved references, not a live feed. All subsequent fills and ETF option inputs are hypothetical.
https://quotes.esignal.com/esignalprod/quote.action?symbol=NQ%20Z26&types=future
https://quotes.esignal.com/esignalprod/quote.action?symbol=ES%20Z26&types=future
https://www.cmegroup.com/education/courses/introduction-to-equity-index-products/discover-equity-index-notional-value-and-price
https://www.theocc.com/clearance-and-settlement/clearing/etf-options

No probability model, complete equity path, margin-feasibility test, option-pricing path or exercise simulation is supplied. Purchased options can lose their entire premium before costs; futures losses can exceed the displayed examples.
Review: https://convexgate.com/process.html#review-worksheet