Duration: Trading Royale’s first season runs from January 16 to May 8, 2025. The first two weeks will be dedicated to practice with live Q&A sessions and lessons to become familiar with the participating platforms. The official contest will run from market open on January 30 to market close on May 8, 2025. Account Types & Values: Each participant begins with $500,000 in virtual funds. This size cash account provides a realistic, high-end trading experience with flexibility to trade multiple stocks, options, and strategies. Option spread ‘margin’ will be treated as cash for performance tracking within Trade Cheetah and will be allowed on all spreads available. Naked puts must be cash-secured, no short calls or Reg T margin will be available this season. Strategies Available In the opening season, participants will be able to trade Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash-Secured Short Puts, Debit and Credit Spreads (Puts and Calls), Iron Condors, Butterflies, and Crypto (limited to Bitcoin, Ethereum, and Cardano).” Risk 2 - Same-Ticker Risk Profile Limit
Same-Ticker Risk Profile Limit. No more than two positions with the same risk profile may be held on a single ticker. For example, with $50,000 of Tesla stock you may add a covered call, a collar, or a long call—but not all. Different risk profiles are allowed, such as combining Tesla stock with a collar, a call credit spread, a put debit spread, or a short put.” Risk 1 - Position Distribution Limit No single position may exceed 10% of the total portfolio. For example, with the initial $500,000 balance, the maximum position size is $50,000. This limit will automatically adjust as the portfolio value changes during the contest. Glossary Risk 2 - Same-Ticker Risk Profile Limit
Account Types & Values: MARGIN COMPETITION: $500,000 initial capital consisting of $250,000 Cash & $250,000 access to margin.

CASH COMPETITION: $500,000 initial cash. Simple and easy.

These are fair sized VIRTUAL ACCOUNTs providing a higher end trading experience, allowing the flexibility to trade multiple stocks and options in a variety of strategies.
STRATEGIES Margin Comp: Stocks, Short Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Short Calls and Puts, Call/Put Credit and Debit Spreads.

Cash Comp: Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash Secured Short Puts, Debit Spreads, Credit Spreads.
RISK: Position Delta Exposure Limit Each position’s delta exposure maximum starts at $5,000 and then must stay below 1% of your total portfolio value at the time you enter the trade. For example, if your portfolio is currently worth $500,000, your maximum delta exposure per position would be $5,000.
RISK: Ticker Distribution Limit Stock concentration is less than or equal to $50,000. LUCK: Minimum Delta All Sell To Open and Buy To Open options must have a minimum of 10 delta.
HOW TO WIN & PRIZES Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials SKILL: Option count Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

You must complete at least 10 options trades per month to qualify. Participants may hold multiple positions with the same risk profile on a single stock, provided the combined capital does not exceed the 10% portfolio allocation limit. For example, based on the initial $500,000 portfolio and 10% ($50,000) limit, you could hold $20,000 of Tesla stock, $10,000 in a covered call, $10,000 in a collar, and $10,000 in a long call. Risk 2 - Same-Ticker Risk Profile Limit
For option trades, each position’s delta exposure may not exceed 1% of the portfolio value at the time of trade entry. With the initial $500,000 portfolio, this equals $5,000 per position. The limit will automatically adjust as the portfolio value changes during the contest.” LUCK Minimum Delta Requirement. Upon entering any option position, the initial DELTA value of the selected option must have a minimum value of 10 HOW TO WIN & PRIZES Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials Skill - Minimum Trades Requirement
Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

For the Stock, Crypto, and Options Contest, participants must complete at least 10 option trades per month and minimum of 30 to qualify. For the Stocks and Crypto Only Contest, there is no trade minimum, participants may buy, hold, or trade freely, subject only to Position Distribution and Same-Ticker Risk Profile Limits. Duration: The ALPHA Contest runs from May 27th to June 20th, one month to show your skills. Account Types & Values: MARGIN COMPETITION: $500,000 initial capital consisting of $250,000 Cash & $250,000 access to margin.

CASH COMPETITION: $500,000 initial cash. Simple and easy.

These are fair sized VIRTUAL ACCOUNTs providing a higher end trading experience, allowing the flexibility to trade multiple stocks and options in a variety of strategies.
Strategies Margin Comp: Stocks, Short Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Short Calls and Puts, Call/Put Credit and Debit Spreads.

Cash Comp: Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash Secured Short Puts, Debit Spreads, Credit Spreads.
RISK: Position Delta Exposure Limit Each position’s delta exposure maximum starts at $5,000 and then must stay below 1% of your total portfolio value at the time you enter the trade. For example, if your portfolio is currently worth $500,000, your maximum delta exposure per position would be $5,000.
RISK: Ticker Distribution Limit Stock concentration is less than or equal to $50,000. LUCK: Minimum Delta All Sell To Open and Buy To Open options must have a minimum of 10 delta.
How To Win & PRIZES Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials SKILL: Option Count Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

You must complete at least 10 options trades per month to qualify.

3rd prize Signed Copy of The Options Playbook Get the best-selling book plus a two-Hour training Session with Brian Overby, expert trader, host of Options Guy TV, and author of The Options Playbook. 2nd Prize 1st Prize / / 10 Hours of Exclusive Tutoring Learn directly from the creators of each participating company with dedicated one-on-one sessions. $1,000 Trade Cheetah Store Voucher Spend your voucher on any products or services available in the Trade Cheetah store. All Expense Paid Trip For Two Let the new tools available to you do the work while you enjoy an all expense covered seven-day trip to the Bahamas 3rd prize Signed Copy of The Options Playbook Get the best-selling book plus a two-Hour training Session with Brian Overby, expert trader, host of Options Guy TV, and author of The Options Playbook. 2nd Prize 1st Prize / / 10 Hours of Exclusive Tutoring Learn directly from the creators of each participating company with dedicated one-on-one sessions. $1,000 Trade Cheetah Store Voucher Spend your voucher on any products or services available in the Trade Cheetah store. All Expense Paid Trip For Two Let the new tools available to you do the work while you enjoy an all expense covered seven-day trip to the Bahamas Contest RULES

This contest is a rules-based stocks and options trading contest, designed to sharpen your trading skills, risk management, compounding prowess, and return efficiency. 01 Trading Royale Is designed to level the playing field, enabling beginners and professionals to compete on equal terms, where success hinges on skill, smart decision-making, and discipline—not 'luck'. 02 The Contest Enables participants to seamlessly trade a wide range of options, combo strategies (stocks and options), and stocks, including popular companies like Tesla, Apple, and Meta. 03 A $500K
virtual account
And proprietary contest environment precisely monitor all portfolio and position variables to ensure fairness, prevent cheating, and identify winners. Learn more. 04 Trade Cheetah's
System
Winners will be announced within one week after the contest concludes, with prizes awarded within 14 days of the end date. The winners will receive 100% of the entry fees, 50% going to the Cash Comp Winner & 50% going to the Margin Comp Winner. 05 Winners & Prizes

Duration: Trading Royale’s first season runs from January 16 to May 8, 2025. The first two weeks will be dedicated to practice with live Q&A sessions and lessons to become familiar with the participating platforms. The official contest will run from market open on January 30 to market close on May 8, 2025. Account Types & Values: Each participant begins with $500,000 in virtual funds. This size cash account provides a realistic, high-end trading experience with flexibility to trade multiple stocks, options, and strategies. Option spread ‘margin’ will be treated as cash for performance tracking within Trade Cheetah and will be allowed on all spreads available. Naked puts must be cash-secured, no short calls or Reg T margin will be available this season. Strategies Available In the opening season, participants will be able to trade Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash-Secured Short Puts, Debit and Credit Spreads (Puts and Calls), Iron Condors, Butterflies, and Crypto (limited to Bitcoin, Ethereum, and Cardano).” Risk 2 - Same-Ticker Risk Profile Limit Same-Ticker Risk Profile Limit. No more than two positions with the same risk profile may be held on a single ticker. For example, with $50,000 of Tesla stock you may add a covered call, a collar, or a long call—but not all. Different risk profiles are allowed, such as combining Tesla stock with a collar, a call credit spread, a put debit spread, or a short put.” Risk 1 - Position Distribution Limit No single position may exceed 10% of the total portfolio. For example, with the initial $500,000 balance, the maximum position size is $50,000. This limit will automatically adjust as the portfolio value changes during the contest. Glossary Account Types & Values: MARGIN COMPETITION: $500,000 initial capital consisting of $250,000 Cash & $250,000 access to margin.

CASH COMPETITION: $500,000 initial cash. Simple and easy.

These are fair sized VIRTUAL ACCOUNTs providing a higher end trading experience, allowing the flexibility to trade multiple stocks and options in a variety of strategies.
STRATEGIES Margin Comp: Stocks, Short Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Short Calls and Puts, Call/Put Credit and Debit Spreads.

Cash Comp: Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash Secured Short Puts, Debit Spreads, Credit Spreads.
RISK: Position Delta Exposure Limit Each position’s delta exposure maximum starts at $5,000 and then must stay below 1% of your total portfolio value at the time you enter the trade. For example, if your portfolio is currently worth $500,000, your maximum delta exposure per position would be $5,000.
RISK: Ticker Distribution Limit Stock concentration is less than or equal to $50,000. LUCK: Minimum Delta All Sell To Open and Buy To Open options must have a minimum of 10 delta.
HOW TO WIN & PRIZES Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials SKILL: Option count Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

You must complete at least 10 options trades per month to qualify. Risk 3 - Same-Risk Profile Capital Limit Participants may hold multiple positions with the same risk profile on a single stock, provided the combined capital does not exceed the 10% portfolio allocation limit. For example, based on the initial $500,000 portfolio and 10% ($50,000) limit, you could hold $20,000 of Tesla stock, $10,000 in a covered call, $10,000 in a collar, and $10,000 in a long call. Risk 4 - Position Delta Exposure Limit Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials Skill - Minimum Trades Requirement Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

For the Stock, Crypto, and Options Contest, participants must complete at least 10 option trades per month and minimum of 30 to qualify. For the Stocks and Crypto Only Contest, there is no trade minimum, participants may buy, hold, or trade freely, subject only to Position Distribution and Same-Ticker Risk Profile Limits. Duration: The ALPHA Contest runs from May 27th to June 20th, one month to show your skills. Account Types & Values: MARGIN COMPETITION: $500,000 initial capital consisting of $250,000 Cash & $250,000 access to margin.

CASH COMPETITION: $500,000 initial cash. Simple and easy.

These are fair sized VIRTUAL ACCOUNTs providing a higher end trading experience, allowing the flexibility to trade multiple stocks and options in a variety of strategies.
Strategies Margin Comp: Stocks, Short Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Short Calls and Puts, Call/Put Credit and Debit Spreads.

Cash Comp: Stocks, Protected Stocks, Collars, Covered Calls, Long Calls and Puts, Cash Secured Short Puts, Debit Spreads, Credit Spreads.
RISK: Position Delta Exposure Limit Each position’s delta exposure maximum starts at $5,000 and then must stay below 1% of your total portfolio value at the time you enter the trade. For example, if your portfolio is currently worth $500,000, your maximum delta exposure per position would be $5,000.
RISK: Ticker Distribution Limit Stock concentration is less than or equal to $50,000. LUCK: Minimum Delta All Sell To Open and Buy To Open options must have a minimum of 10 delta.
How To Win & PRIZES Highest Unrealized gains at the closing bell on the last day of the competition will win. 50% of purse to the winner of the cash comp and 50% of purse goes to the winner of the margin comp. Share On Socials SKILL: Option Count Spread the love and give us a shout out about the contest on your socials and follow Trade Cheetah on X.com.

You must complete at least 10 options trades per month to qualify.

3rd prize Signed Copy of The Options Playbook Get the best-selling book plus a two-Hour training Session with Brian Overby, expert trader, host of Options Guy TV, and author of The Options Playbook. 2nd Prize 1st Prize / / 10 Hours of Exclusive Tutoring Learn directly from the creators of each participating company with dedicated one-on-one sessions. $1,000 Trade Cheetah Store Voucher Spend your voucher on any products or services available in the Trade Cheetah store. All Expense Paid Trip For Two Let the new tools available to you do the work while you enjoy an all expense covered seven-day trip to the Bahamas 3rd prize Signed Copy of The Options Playbook Get the best-selling book plus a two-Hour training Session with Brian Overby, expert trader, host of Options Guy TV, and author of The Options Playbook. 2nd Prize 1st Prize / / 10 Hours of Exclusive Tutoring Learn directly from the creators of each participating company with dedicated one-on-one sessions. $1,000 Trade Cheetah Store Voucher Spend your voucher on any products or services available in the Trade Cheetah store. All Expense Paid Trip For Two Let the new tools available to you do the work while you enjoy an all expense covered seven-day trip to the Bahamas Contest RULES