I'm also very interested in this, as I do pretty well with options, but I don't understand why they need upfront funding if they're going to pay you potentially. I wouldn't pay my employer to apply for a job...just sounds like a shill operation. Stops on options can be a disaster. If I ran a prop firm I would never allow it. Even on highly liquid markets like ES it can be a disaster. In fact I'm pretty sure the MM mess with and reset their Bid-ask pricing to stop hunt. You'd also likely be selling into an IV surge or crush which should reduce your profits... Sizing and alerts should work better
Does anyone have experience with and would recommend a prop firm if I only want to trade SnP futures and etf"s?
Now I learned the majority of all prop firms are simulation only and need fees from failing tests to pay out others. Many people game the system or find loopholes like poor execution simulations. A few forms copy trade and use real funds. Upfront money is almost always something like 1-2% of account size. Remember in reality they can't loose more than a max of 5% of so per account, so gains are limited similarly. This is their sizing control. I also still don't understand why options aren't part of these firms, other than very poor liquidity execution simulations / obviousness of no real trades. But at least they could do SPX or something liquid and make more profit as people loose?