Trading day definition
Model the day like a real prop program, with a formal session boundary and explicit reset timing instead of a vague calendar-day interpretation.
Rules
Every pass, breach, and payout gate is tied to a published rule.
The Mayospell rulebook defines loss limits, concentration tests, qualifying days, session cutoffs, permitted options structures, and payout eligibility for each simulated program stage.
Daily loss lock behavior
Treat the daily loss lock as visible product behavior: the account is flattened or locked for the session, and the user understands why immediately.
Seven-day pass floor
A pass requires seven active days, five profitable days, and both evaluation concentration tests even if the target is reached earlier.
Monthly operating model
Resets, rebills, and policy enforcement all belong in the rulebook because they materially shape the trader experience.
Launch policy 1.0
Strict rules are strongest when the math is impossible to reinterpret.
MAYO-RISK-2026-01 is published now and takes effect 2026-09-01. It protects Mayospell with longer proof windows, profit-distribution tests, a reserve-first payout formula, and objective enforcement codes.
Applies to Mayospell combines and funded-simulation seats activated on or after the effective date.
An activated seat keeps the policy version shown at checkout until that seat closes. Adverse changes are never applied to an open payout cycle.
Evaluation consistency
30% / 70%
Best day / top three days, plus 7 active and 5 profitable days.
Funded consistency
25% / 60%
Best day / top three days on the stricter funded lane.
Profit release
30% max
Of net cycle profit, still subject to reserve and cap limits.
Request cadence
14 days
From funded activation or the last settled payout.
No overnight holds
Flat means flat—positions and working orders.
No option position or working opening order may remain after the applicable cutoff, including defined-risk spreads. An earlier exchange close or desk notice controls when applicable.
Normal cutoff
3:50 PM CT
All expirations and structures.
0DTE cutoff
3:30 PM CT
Earlier exchange schedules control.
Enforcement
Mayospell may cancel opening orders and liquidate remaining positions at executable market prices. Auto-liquidation protects the account but does not erase the rule event.
The first overnight event in a rolling 30-day period locks trading for the next session. A second closes the seat. A Mayospell-verified platform incident is reconciled under the incident policy and is not automatically attributed to the member.
Payout ceiling formula
Every request must clear all four ceilings.
The gross request ceiling is the lowest of: 30% of net cycle profit; realized profit balance above the tier reserve floor; the tier-and-cycle cap; and the member's remaining rolling 30-day cap.
Ceiling 01
30% of settled cycle profit
Ceiling 02
Profit above the full tier reserve
Ceiling 03
Tier and payout-cycle cap
Ceiling 04
Remaining rolling 30-day member cap
Tier
Reserve
Std 1
Std 2-3
Std 4+
Cons 1
Cons 2-3
Cons 4+
50K
$2,000
$1,000
$1,500
$2,000
$1,250
$1,750
$2,500
100K
$3,000
$1,500
$2,250
$3,000
$2,000
$3,000
$4,000
150K
$4,500
$2,250
$3,500
$5,000
$3,000
$4,500
$6,000
Caps are gross distributed profit, not the trader's net. The request amount is gross distributed profit. Mayospell retains 20% of the first three approved payouts across the member profile and 10% beginning with approval four.
Complete rulebook
The launch policy stays visible all the way through.
These sections connect the strict consistency and payout rules to the combine, funded seat, billing model, and options-specific operating constraints.
Mayospell public pricing snapshot: August 19, 2026. The exact prices and key operating mechanics below are organized around that public Mayospell's published operating structure, with an options-specific risk overlay.
Combine core rules
The evaluation needs to read like a real prop challenge: target, max loss, daily loss, size cap, and a clear trading-day definition.
- Each combine tier has a fixed profit target and a firm max loss limit.
- Pass requires 7 active days, 5 profitable days, a 30% best-day ceiling, and a 70% top-three ceiling.
- The trading day runs on a prop-desk schedule rather than a casual 24-hour retail interpretation.
- A daily loss lock can flatten trading for the session without forcing a permanent account failure.
- No position or working opening order may remain after 3:50 PM CT; 0DTE positions must be flat by 3:30 PM CT.
Funded seat standard lane
The standard lane is built around 12 active days, 8 qualified days, and reserve-first cash release.
- Qualified-day thresholds rise with account tier; a barely green close does not count.
- Best day must remain at or below 30% and top three days at or below 65%.
- Only 30% of net cycle profit is releasable, subject to reserve, cycle, and profile caps.
- The daily loss lock can change pricing but cannot increase payout limits.
Funded seat consistency lane
The consistency lane removes two active days but demands the smoothest profit distribution in the program.
- Ten settled active days and eight qualified days are required.
- The biggest winning day cannot exceed 25% and the top three cannot exceed 60% of cycle profit.
- The same reserve, 30% release, cooldown, and no-overnight gates still apply.
- After payout, the day count and consistency math both restart.
Operating policies around the edges
Resets, rebills, data charges, and enforcement mechanics are published on the pricing, billing, and rule pages.
- Monthly subscriptions continue until the account passes or is canceled.
- Resets are available operating tools and can extend the billing window.
- Rule enforcement displays the triggering policy code, cancels opening orders where required, and shows whether the seat is locked, held, or closed.
- Mayospell adds expiry, spread-width, and earnings-event controls because listed options need their own risk model.
Options overlay
This is where Mayospell becomes an options rulebook.
The options version earns its existence by turning the public rulebook into something that actually reflects contract structure, liquidity, and event risk.
Allowed structures
Long premium, debit spreads, and bounded defined-risk structures are enabled by default. Naked short premium and assignment-prone structures require explicit desk permission.
Liquidity floors
Require minimum option volume, maximum bid-ask width, and a reasonable premium floor so the evaluation does not reward unrealistic fills.
Event-risk governance
Restrict opening new positions into earnings, CPI, Fed, and major binary events unless the setup is explicitly tagged as event-approved.
Expiry discipline
Cap same-day and next-day expiry exposure by size, and force faster de-risking around expiration windows where gamma can distort behavior.
Assignment avoidance
Short options near assignment risk trigger desk review, reduced sizing, or a forced exit window according to the seat permission set.
Playbook accountability
Every trade maps to a named playbook or written thesis. Untagged setups remain visible in the ledger but do not count toward desk-quality progression.
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