Futures Paycheck sells premium on S&P 500 E-mini futures options, adjusting to market direction rather than selling blindly.

/ES futures options, always. No other instrument.

This is why the system requires a TastyTrade account — no other brokerage we connect to supports futures options.

When the trend is bullish, it sells short puts on /ES, collecting premium. This is the income engine.

When the trend turns bearish, it stops selling puts and buys put debit spreads instead — a defensive position that gains if the market keeps falling. On by default; see The hedging bot.

Direction comes from a trend indicator built on SPY price data. See The trend indicator and market zones.

The system works out how many contracts your allocation supports, then spreads entries across specific weekdays rather than committing everything on day one.

So a newly deployed system builds its position over days or weeks. See Entry schedule and position sizing.

Entries are evaluated weekdays at 10:00 AM Eastern, and only on that system's scheduled entry days. Nothing runs when the market is closed.

Open positions are re-marked every minute for take profit and stop loss, and their margin requirement is refreshed hourly during market hours — futures margin drifts during a position's life in a way equity options margin doesn't.

Unlike Wheel Paycheck, this system does exit actively. Each short put has a take profit and a stop loss, both configurable. The default is to take profit at 25% of maximum and stop out at 200% of the premium collected.

Take profit is only checked during the regular US session. Stop losses are monitored overnight too, while futures are trading.

The system is built around a target of roughly 2–4% per month in cashflow. That's the design intent, not a promise — actual results depend on market conditions, your settings, and your allocation, and losing months are possible.

/ES is a leveraged product and selling puts on it carries substantial risk, including losses exceeding the premium collected. The default 5 delta sells well out of the money, but a sharp decline can still move against the position quickly. Make sure you understand the strategy and your brokerage's margin requirements before deploying.