SPX Backtest Leaderboard
Top performing SPX options strategies ranked by total P&L
| Rank | Strategy | Total P&L | Win Rate | CAGR | Sharpe | Trades | Date Range |
|---|---|---|---|---|---|---|---|
|
🥇
1
|
Iron Condor
Iron Condor
|
$119,047,990.17
positive
|
96.3% | 62.6% | 17.52 | 708 | Jan 1, 2010 - Dec 31, 2025 |
|
🥈
2
|
Short Put
Short Put
|
$116,510,082.18
positive
|
99.5% | 32.6% | 26.22 | 864 | Dec 10, 2000 - Dec 10, 2025 |
|
🥉
3
|
Short Put
Short Put
|
$115,747,075.28
positive
|
99.5% | 32.3% | 26.12 | 864 | Dec 10, 2000 - Feb 17, 2026 |
|
4
|
Iron Condor
Iron Condor
|
$83,363,696.85
positive
|
97.2% | 59.0% | 12.39 | 708 | Jan 1, 2010 - Dec 31, 2025 |
|
5
|
Iron Condor
Iron Condor
|
$83,363,696.85
positive
|
97.2% | 47.8% | 11.36 | 708 | Jan 1, 2007 - Dec 31, 2025 |
|
6
|
Short Put
Short Put
|
$36,294,881.18
positive
|
98.3% | 613.7% | 26.79 | 175 | Dec 10, 2022 - Dec 10, 2025 |
|
7
|
Iron Condor
Iron Condor
|
$25,837,295.27
positive
|
96.4% | 671.8% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
8
|
Iron Condor
Iron Condor
|
$25,837,295.27
positive
|
96.4% | 671.8% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
9
|
Iron Condor
Iron Condor
|
$25,608,955.30
positive
|
96.4% | 669.6% | 12.18 | 139 | Dec 10, 2022 - Dec 31, 2025 |
|
10
|
Short Straddle
Short Straddle
|
$24,111,107.30
positive
|
99.2% | 302.8% | 61.91 | 987 | Jan 1, 2022 - Dec 10, 2025 |
|
11
|
Iron Condor
Iron Condor
|
$19,251,818.75
positive
|
100.0% | 459.4% | 66.22 | 124 | Dec 10, 2022 - Dec 31, 2025 |
|
12
|
Iron Condor
Iron Condor
|
$18,515,975.64
positive
|
98.9% | 1,617.9% | 15.48 | 94 | Dec 1, 2021 - Dec 31, 2023 |
|
13
|
Iron Condor
Iron Condor
|
$13,402,018.25
positive
|
96.4% | 397.3% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
14
|
Iron Condor
Iron Condor
|
$13,402,018.25
positive
|
96.4% | 397.3% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
15
|
Short Call
Short Call
|
$10,495,602.98
positive
|
95.5% | 927.7% | 11.13 | 22 | Dec 10, 2023 - Dec 10, 2025 |
|
16
|
Credit Put Spread
Credit Put Spread
|
$10,179,746.27
positive
|
89.6% | 31.5% | 6.06 | 577 | Jan 10, 2009 - Dec 10, 2025 |
|
17
|
Credit Put Spread
Credit Put Spread
|
$8,749,182.50
positive
|
76.4% | 4.3% | 0.49 | 3646 | Nov 8, 2010 - Dec 10, 2025 |
|
18
|
Long Call
Long Call
|
$8,034,560.40
positive
|
77.2% | 8,059.1% | 12.71 | 250 | Dec 10, 2024 - Dec 10, 2025 |
|
19
|
Long Call
Long Call
|
$8,034,560.40
positive
|
77.2% | 8,059.1% | 12.71 | 250 | Dec 10, 2024 - Dec 10, 2025 |
|
20
|
Short Straddle
Short Straddle
|
$7,447,219.40
positive
|
99.2% | 7,469.6% | 45.58 | 250 | Dec 10, 2024 - Dec 10, 2025 |
|
21
|
Cash Secured Put
Cash Secured Put
|
$6,921,733.43
positive
|
61.0% | 53.0% | 1.99 | 187 | Dec 10, 2015 - Dec 10, 2025 |
|
22
|
Short Put
Short Put
|
$6,563,722.02
positive
|
73.9% | 52.2% | 2.62 | 395 | Dec 10, 2015 - Dec 10, 2025 |
|
23
|
Short Put
Short Put
|
$5,030,864.12
positive
|
83.4% | 29.8% | 1.27 | 775 | Nov 8, 2010 - Dec 10, 2025 |
|
24
|
Long Call
Long Call
|
$4,857,558.10
positive
|
52.2% | 4,870.8% | 9.50 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
25
|
Iron Condor
Iron Condor
|
$4,586,110.60
positive
|
80.7% | 29.0% | 0.53 | 3678 | Nov 8, 2010 - Dec 10, 2025 |
|
26
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
27
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
28
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
29
|
Protective Put
Protective Put
|
$4,156,030.10
positive
|
65.0% | 10,000.0% | 7.64 | 177 | Jan 6, 2025 - Feb 28, 2026 |
|
30
|
Protective Put
Protective Put
|
$3,991,036.70
positive
|
64.6% | 10,000.0% | 7.56 | 175 | Jan 6, 2025 - Feb 28, 2026 |
|
31
|
Protective Put
Protective Put
|
$3,991,036.70
positive
|
64.6% | 10,000.0% | 7.56 | 175 | Jan 6, 2025 - Feb 28, 2026 |
|
32
|
Short Call
Short Call
|
$3,767,406.10
positive
|
35.9% | 3,777.1% | 6.47 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
33
|
Short Call
Short Call
|
$3,767,406.10
positive
|
35.9% | 3,777.1% | 6.47 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
34
|
Credit Put Spread
Credit Put Spread
|
$3,767,406.10
positive
|
35.9% | 3,777.1% | 6.47 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
35
|
Credit Put Spread
Credit Put Spread
|
$3,734,119.70
positive
|
79.8% | 58.5% | 4.34 | 475 | Jan 10, 2018 - Dec 10, 2025 |
|
36
|
Credit Put Spread
Credit Put Spread
|
$3,357,663.60
positive
|
80.6% | 56.5% | 4.34 | 397 | Jan 10, 2018 - Dec 10, 2025 |
|
37
|
Long Straddle
Long Straddle
|
$3,312,022.12
positive
|
94.5% | 34.0% | 13.78 | 507 | Dec 10, 2020 - Dec 10, 2025 |
|
38
|
$3,098,757.30
positive
|
89.3% | 100.0% | 2.46 | 196 | Dec 10, 2020 - Dec 10, 2025 | |
|
39
|
Short Put
Short Put
|
$2,786,331.40
positive
|
75.7% | 95.9% | 1.62 | 230 | Dec 10, 2020 - Dec 10, 2025 |
|
40
|
Short Put
Short Put
|
$2,677,802.60
positive
|
27.4% | 2,684.1% | 5.84 | 226 | Dec 10, 2024 - Dec 10, 2025 |
|
41
|
Short Put
Short Put
|
$2,665,851.50
positive
|
98.8% | 91.4% | 1.06 | 83 | Dec 10, 2023 - Dec 10, 2025 |
|
42
|
Protective Put
Protective Put
|
$2,555,465.70
positive
|
67.3% | 10,000.0% | 5.61 | 110 | Jan 6, 2025 - Mar 20, 2026 |
|
43
|
Short Put
Short Put
|
$2,410,862.25
positive
|
83.6% | 202.1% | 2.25 | 61 | Jan 10, 2023 - Dec 10, 2025 |
|
44
|
Short Put
Short Put
|
$2,381,823.08
positive
|
100.0% | 397.6% | 18.42 | 73 | Nov 14, 2023 - Nov 14, 2025 |
|
45
|
Short Put
Short Put
|
$2,381,823.08
positive
|
100.0% | 397.6% | 18.42 | 73 | Nov 14, 2023 - Nov 14, 2025 |
|
46
|
Iron Condor
Iron Condor
|
$2,343,884.45
positive
|
63.6% | 49.7% | 0.89 | 379 | Jan 8, 2018 - Dec 10, 2025 |
|
47
|
Short Put
Short Put
|
$2,306,533.70
positive
|
84.7% | 95.7% | 1.91 | 242 | Feb 17, 2021 - Nov 14, 2025 |
|
48
|
Iron Condor
Iron Condor
|
$2,297,757.97
positive
|
53.0% | 86.2% | 0.72 | 349 | Jan 1, 2019 - Dec 31, 2025 |
|
49
|
Short Put
Short Put
|
$2,295,120.20
positive
|
72.5% | 197.2% | 2.57 | 69 | Jan 10, 2023 - Dec 10, 2025 |
|
50
|
Custom Strategy |
$1,975,089.93
positive
|
95.6% | 106.6% | 28.37 | 988 | Jan 3, 2022 - Mar 10, 2026 |
|
51
|
Iron Condor
Iron Condor
|
$1,924,840.97
positive
|
71.0% | 82.5% | 4.26 | 1248 | Dec 10, 2020 - Dec 10, 2025 |
|
52
|
Short Put
Short Put
|
$1,853,608.10
positive
|
87.0% | 21.8% | 1.44 | 775 | Nov 8, 2010 - Dec 10, 2025 |
|
53
|
SPX 0 DTE Iron Condor
SPX 0 DTE Iron Condor
|
$1,730,936.70
positive
|
77.9% | 489.8% | 14.31 | 467 | Jan 1, 2024 - Jan 31, 2026 |
|
54
|
SPX 0 DTE Iron Condor
SPX 0 DTE Iron Condor
|
$1,730,936.70
positive
|
77.9% | 489.8% | 14.31 | 467 | Jan 1, 2024 - Jan 31, 2026 |
|
55
|
Iron Condor
Iron Condor
|
$1,676,074.68
positive
|
68.2% | 21.8% | 5.75 | 1248 | Dec 10, 2020 - Dec 10, 2025 |
|
56
|
Credit Put Spread
Credit Put Spread
|
$1,673,461.66
positive
|
71.9% | 33.3% | 0.78 | 430 | Dec 10, 2015 - Dec 10, 2025 |
|
57
|
Short Put
Short Put
|
$1,465,727.95
positive
|
90.2% | 295.3% | 2.68 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
58
|
Credit Put Spread
Credit Put Spread
|
$1,463,445.39
positive
|
94.3% | 99.0% | 5.78 | 35 | Jan 2, 2022 - Dec 31, 2025 |
|
59
|
Custom Strategy |
$1,420,646.80
positive
|
79.9% | 519.3% | 9.72 | 657 | Dec 10, 2022 - Dec 10, 2025 |
|
60
|
Short Put
Short Put
|
$1,409,042.58
positive
|
89.0% | 288.1% | 2.96 | 73 | Nov 14, 2023 - Nov 14, 2025 |
|
61
|
Short Put
Short Put
|
$1,409,042.58
positive
|
89.0% | 288.1% | 2.96 | 73 | Nov 14, 2023 - Nov 14, 2025 |
|
62
|
Credit Put Spread
Credit Put Spread
|
$1,391,955.90
positive
|
96.6% | 146.1% | 5.72 | 29 | Dec 10, 2022 - Dec 10, 2025 |
|
63
|
Short Put
Short Put
|
$1,357,344.81
positive
|
85.5% | 144.2% | 5.89 | 131 | Dec 10, 2022 - Dec 10, 2025 |
|
64
|
Credit Put Spread
Credit Put Spread
|
$1,309,583.21
positive
|
70.6% | 30.3% | 0.81 | 470 | Dec 10, 2015 - Dec 10, 2025 |
|
65
|
Short Put
Short Put
|
$1,294,766.83
positive
|
90.2% | 273.1% | 2.97 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
66
|
Short Put
Short Put
|
$1,294,766.83
positive
|
90.2% | 273.1% | 2.97 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
67
|
Short Put
Short Put
|
$1,294,766.83
positive
|
90.2% | 273.1% | 2.97 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
68
|
Short Put
Short Put
|
$1,294,766.83
positive
|
90.2% | 273.1% | 2.97 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
69
|
Credit Call Spread
Credit Call Spread
|
$1,253,336.90
positive
|
85.4% | 1,255.8% | 2.43 | 233 | Dec 10, 2024 - Dec 10, 2025 |
|
70
|
Credit Call Spread
Credit Call Spread
|
$1,253,336.90
positive
|
85.4% | 1,255.8% | 2.43 | 233 | Dec 10, 2024 - Dec 10, 2025 |
|
71
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
72
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
73
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
74
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
75
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
76
|
Short Put
Short Put
|
$1,246,574.33
positive
|
90.2% | 266.6% | 2.32 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
77
|
Iron Condor
Iron Condor
|
$1,239,718.32
positive
|
66.9% | 17.5% | 5.01 | 1248 | Dec 10, 2020 - Dec 10, 2025 |
|
78
|
Credit Call Spread
Credit Call Spread
|
$1,233,584.70
positive
|
84.1% | 1,236.0% | 1.94 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
79
|
Credit Call Spread
Credit Call Spread
|
$1,233,584.70
positive
|
84.1% | 1,236.0% | 1.94 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
80
|
Short Put
Short Put
|
$1,227,168.13
positive
|
92.2% | 264.0% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
81
|
Short Put
Short Put
|
$1,227,168.13
positive
|
92.2% | 264.0% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
82
|
Short Put
Short Put
|
$1,216,165.45
positive
|
92.2% | 262.5% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
83
|
Short Put
Short Put
|
$1,216,165.45
positive
|
92.2% | 262.5% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
84
|
Short Put
Short Put
|
$1,216,165.45
positive
|
92.2% | 262.5% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
85
|
Short Put
Short Put
|
$1,216,165.45
positive
|
92.2% | 262.5% | 3.19 | 102 | Nov 14, 2023 - Nov 14, 2025 |
|
86
|
Iron Condor
Iron Condor
|
$1,204,567.27
positive
|
67.4% | 17.1% | 4.94 | 1093 | Dec 10, 2020 - Dec 10, 2025 |
|
87
|
Credit Call Spread
Credit Call Spread
|
$1,204,369.30
positive
|
83.6% | 1,206.7% | 1.90 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
88
|
Credit Call Spread
Credit Call Spread
|
$1,204,369.30
positive
|
83.6% | 1,206.7% | 1.90 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
89
|
Credit Call Spread
Credit Call Spread
|
$1,204,369.30
positive
|
83.6% | 1,206.7% | 1.90 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
90
|
Credit Call Spread
Credit Call Spread
|
$1,204,369.30
positive
|
83.6% | 1,206.7% | 1.90 | 232 | Dec 10, 2024 - Dec 10, 2025 |
|
91
|
Credit Put Spread
Credit Put Spread
|
$1,196,992.00
positive
|
70.6% | 18.5% | 1.65 | 3037 | Nov 8, 2010 - Dec 10, 2025 |
|
92
|
Iron Condor
Iron Condor
|
$1,188,365.00
positive
|
86.9% | 1,190.6% | 19.92 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
93
|
Credit Put Spread
Credit Put Spread
|
$1,182,219.30
positive
|
78.5% | 29.3% | -0.87 | 2316 | Jan 1, 2016 - Dec 10, 2025 |
|
94
|
Credit Put Spread
Credit Put Spread
|
$1,182,219.30
positive
|
78.5% | 29.3% | -0.87 | 2316 | Jan 1, 2016 - Dec 10, 2025 |
|
95
|
Long Call
Long Call
|
$1,175,778.00
positive
|
52.0% | 1,178.0% | 4.56 | 50 | Dec 10, 2024 - Dec 10, 2025 |
|
96
|
Long Call
Long Call
|
$1,175,778.00
positive
|
52.0% | 1,178.0% | 4.56 | 50 | Dec 10, 2024 - Dec 10, 2025 |
|
97
|
Credit Put Spread
Credit Put Spread
|
$1,119,370.15
positive
|
76.5% | 64.9% | 0.87 | 162 | Dec 9, 2020 - Dec 9, 2025 |
|
98
|
Credit Put Spread
Credit Put Spread
|
$1,119,370.15
positive
|
76.5% | 64.9% | 0.87 | 162 | Dec 9, 2020 - Dec 9, 2025 |
|
99
|
Credit Put Spread
Credit Put Spread
|
$1,113,862.15
positive
|
76.5% | 64.8% | 0.87 | 162 | Dec 9, 2020 - Dec 9, 2025 |
|
100
|
SPX 0 DTE Iron Condor
SPX 0 DTE Iron Condor
|
$1,111,705.50
positive
|
81.8% | 2,532.5% | 17.50 | 242 | Dec 10, 2024 - Dec 10, 2025 |
SPX Options Strategy Leaderboard
Our SPX options backtest leaderboard ranks the top performing strategies based on total P&L. Each entry represents a real backtest simulation using historical SPX options data.
How the Leaderboard Works
- Ranking Criteria: Backtests are ranked by total P&L (profit and loss)
- Public Results: Only publicly shared backtests appear on the leaderboard
- Time Periods: Filter by this month, this year, or all-time performance
- Verified Data: All results calculated from real historical SPX options data
- Privacy Protected: User identities are anonymized for privacy
Understanding Performance Metrics
When evaluating top SPX strategies, consider these key metrics:
- Total P&L: The absolute profit or loss from the strategy over the backtest period
- Win Rate: Percentage of trades that were profitable - higher is generally better
- CAGR: Compound Annual Growth Rate shows annualized returns for comparison
- Sharpe Ratio: Risk-adjusted returns - higher values indicate better risk/reward
- Max Drawdown: Largest peak-to-trough decline - shows worst-case scenario
- Total Trades: Sample size matters - more trades provide statistical confidence
What Makes a SPX Strategy Successful?
Top performing SPX strategies typically share these characteristics:
- Consistent positive returns across multiple trades
- Controlled maximum drawdown (typically under 20%)
- High Sharpe ratio indicating good risk-adjusted returns
- Win rate balanced with favorable risk/reward ratio
- Performance across different market conditions
- Realistic commission and slippage assumptions
Join the Leaderboard
Think you have a winning SPX strategy? Use our free options backtester to validate your approach with historical data. If your results are strong, make your backtest public to appear on the leaderboard and share your success with the community.
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