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
|
$652,273,994.70
positive
|
84.7% | 259.9% | 27.07 | 1501 | Dec 10, 2019 - Dec 10, 2025 |
|
🥈
2
|
Iron Condor
Iron Condor
|
$119,047,990.17
positive
|
96.3% | 62.6% | 17.52 | 708 | Jan 1, 2010 - Dec 31, 2025 |
|
🥉
3
|
Short Put
Short Put
|
$116,510,082.18
positive
|
99.5% | 32.6% | 26.22 | 864 | Dec 10, 2000 - Dec 10, 2025 |
|
4
|
Short Put
Short Put
|
$115,747,075.28
positive
|
99.5% | 32.3% | 26.12 | 864 | Dec 10, 2000 - Feb 17, 2026 |
|
5
|
Iron Condor
Iron Condor
|
$83,363,696.85
positive
|
97.2% | 59.0% | 12.39 | 708 | Jan 1, 2010 - Dec 31, 2025 |
|
6
|
Iron Condor
Iron Condor
|
$83,363,696.85
positive
|
97.2% | 47.8% | 11.36 | 708 | Jan 1, 2007 - Dec 31, 2025 |
|
7
|
Short Put
Short Put
|
$36,294,881.18
positive
|
98.3% | 613.7% | 26.79 | 175 | Dec 10, 2022 - Dec 10, 2025 |
|
8
|
Iron Condor
Iron Condor
|
$32,629,124.22
positive
|
84.7% | 118.8% | 27.09 | 1497 | Dec 10, 2019 - Dec 10, 2025 |
|
9
|
Iron Condor
Iron Condor
|
$25,837,295.27
positive
|
96.4% | 671.8% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
10
|
Iron Condor
Iron Condor
|
$25,837,295.27
positive
|
96.4% | 671.8% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
11
|
Iron Condor
Iron Condor
|
$25,608,955.30
positive
|
96.4% | 669.6% | 12.18 | 139 | Dec 10, 2022 - Dec 31, 2025 |
|
12
|
Credit Call Spread
Credit Call Spread
|
$24,449,220.60
positive
|
79.4% | 297.0% | 11.43 | 904 | Jan 3, 2022 - Dec 31, 2025 |
|
13
|
Iron Condor
Iron Condor
|
$19,251,818.75
positive
|
100.0% | 459.4% | 66.22 | 124 | Dec 10, 2022 - Dec 31, 2025 |
|
14
|
Iron Condor
Iron Condor
|
$18,515,975.64
positive
|
98.9% | 1,617.9% | 15.48 | 94 | Dec 1, 2021 - Dec 31, 2023 |
|
15
|
Long Straddle
Long Straddle
|
$13,434,321.97
positive
|
94.7% | 19.0% | 16.01 | 3759 | Dec 10, 2010 - Apr 10, 2026 |
|
16
|
Iron Condor
Iron Condor
|
$13,402,018.25
positive
|
96.4% | 397.3% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
17
|
Iron Condor
Iron Condor
|
$13,402,018.25
positive
|
96.4% | 397.3% | 12.28 | 140 | Dec 10, 2022 - Dec 31, 2025 |
|
18
|
Short Call
Short Call
|
$10,495,602.98
positive
|
95.5% | 927.7% | 11.13 | 22 | Dec 10, 2023 - Dec 10, 2025 |
|
19
|
Credit Put Spread
Credit Put Spread
|
$10,179,746.27
positive
|
89.6% | 31.5% | 6.06 | 577 | Jan 10, 2009 - Dec 10, 2025 |
|
20
|
Iron Condor
Iron Condor
|
$9,746,084.97
positive
|
72.8% | 58.2% | 3.70 | 1117 | Dec 10, 2015 - Dec 10, 2025 |
|
21
|
Iron Condor
Iron Condor
|
$9,677,124.70
positive
|
70.0% | 49.7% | 3.75 | 1101 | Jan 1, 2015 - May 10, 2026 |
|
22
|
Credit Put Spread
Credit Put Spread
|
$8,749,182.50
positive
|
76.4% | 4.3% | 0.49 | 3646 | Nov 8, 2010 - Dec 10, 2025 |
|
23
|
Long Call
Long Call
|
$8,034,560.40
positive
|
77.2% | 8,059.1% | 12.71 | 250 | Dec 10, 2024 - Dec 10, 2025 |
|
24
|
Long Call
Long Call
|
$8,034,560.40
positive
|
77.2% | 8,059.1% | 12.71 | 250 | Dec 10, 2024 - Dec 10, 2025 |
|
25
|
Short Put
Short Put
|
$7,981,513.50
positive
|
73.5% | 49.4% | 4.09 | 938 | Jan 1, 2015 - Dec 10, 2025 |
|
26
|
Short Put
Short Put
|
$7,889,888.88
positive
|
72.7% | 140.2% | 4.30 | 893 | Dec 10, 2020 - Dec 10, 2025 |
|
27
|
Iron Condor
Iron Condor
|
$7,365,521.99
positive
|
75.0% | 137.0% | 4.41 | 564 | Dec 10, 2020 - Dec 10, 2025 |
|
28
|
Cash Secured Put
Cash Secured Put
|
$6,921,733.43
positive
|
61.0% | 53.0% | 1.99 | 187 | Dec 10, 2015 - Dec 10, 2025 |
|
29
|
Short Put
Short Put
|
$6,837,091.86
positive
|
79.0% | 52.8% | 3.81 | 1520 | Dec 10, 2015 - Dec 10, 2025 |
|
30
|
Short Put
Short Put
|
$6,563,722.02
positive
|
73.9% | 52.2% | 2.62 | 395 | Dec 10, 2015 - Dec 10, 2025 |
|
31
|
Short Put
Short Put
|
$6,271,211.70
positive
|
72.1% | 46.2% | 3.49 | 556 | Jan 1, 2015 - Dec 10, 2025 |
|
32
|
Short Put
Short Put
|
$5,030,864.12
positive
|
83.4% | 29.8% | 1.27 | 775 | Nov 8, 2010 - Dec 10, 2025 |
|
33
|
Credit Put Spread
Credit Put Spread
|
$4,921,209.08
positive
|
69.9% | 17.0% | 3.47 | 1948 | Dec 10, 2000 - Dec 10, 2025 |
|
34
|
Long Call
Long Call
|
$4,857,558.10
positive
|
52.2% | 4,870.8% | 9.50 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
35
|
Iron Condor
Iron Condor
|
$4,586,110.60
positive
|
80.7% | 29.0% | 0.53 | 3678 | Nov 8, 2010 - Dec 10, 2025 |
|
36
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
37
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
38
|
Protective Put
Protective Put
|
$4,287,852.30
positive
|
65.6% | 10,000.0% | 8.57 | 189 | Dec 10, 2024 - Dec 10, 2025 |
|
39
|
Protective Put
Protective Put
|
$4,156,030.10
positive
|
65.0% | 10,000.0% | 7.64 | 177 | Jan 6, 2025 - Feb 28, 2026 |
|
40
|
Protective Put
Protective Put
|
$3,991,036.70
positive
|
64.6% | 10,000.0% | 7.56 | 175 | Jan 6, 2025 - Feb 28, 2026 |
|
41
|
Protective Put
Protective Put
|
$3,991,036.70
positive
|
64.6% | 10,000.0% | 7.56 | 175 | Jan 6, 2025 - Feb 28, 2026 |
|
42
|
Credit Put Spread
Credit Put Spread
|
$3,734,119.70
positive
|
79.8% | 58.5% | 4.34 | 475 | Jan 10, 2018 - Dec 10, 2025 |
|
43
|
Iron Condor
Iron Condor
|
$3,678,914.89
positive
|
89.8% | 43.8% | 12.32 | 2038 | Dec 10, 2015 - Dec 10, 2025 |
|
44
|
Credit Put Spread
Credit Put Spread
|
$3,357,663.60
positive
|
80.6% | 56.5% | 4.34 | 397 | Jan 10, 2018 - Dec 10, 2025 |
|
45
|
Long Straddle
Long Straddle
|
$3,312,022.12
positive
|
94.5% | 34.0% | 13.78 | 507 | Dec 10, 2020 - Dec 10, 2025 |
|
46
|
Credit Put Spread
Credit Put Spread
|
$3,155,659.60
positive
|
58.2% | 139.2% | 7.17 | 727 | Jan 2, 2022 - Dec 31, 2025 |
|
47
|
Credit Put Spread
Credit Put Spread
|
$3,082,236.59
positive
|
53.8% | 137.8% | 7.30 | 727 | Jan 2, 2022 - Dec 31, 2025 |
|
48
|
Short Put
Short Put
|
$2,811,505.14
positive
|
54.4% | 25.1% | 1.21 | 147 | Nov 10, 2010 - Dec 10, 2025 |
|
49
|
Short Put
Short Put
|
$2,786,331.40
positive
|
75.7% | 95.9% | 1.62 | 230 | Dec 10, 2020 - Dec 10, 2025 |
|
50
|
Credit Put Spread
Credit Put Spread
|
$2,780,935.50
positive
|
63.6% | 131.9% | 5.84 | 727 | Jan 2, 2022 - Dec 31, 2025 |
|
51
|
Short Put
Short Put
|
$2,677,802.60
positive
|
27.4% | 2,684.1% | 5.84 | 226 | Dec 10, 2024 - Dec 10, 2025 |
|
52
|
Protective Put
Protective Put
|
$2,555,465.70
positive
|
67.3% | 10,000.0% | 5.61 | 110 | Jan 6, 2025 - Mar 20, 2026 |
|
53
|
Credit Put Spread
Credit Put Spread
|
$2,418,116.38
positive
|
60.0% | 124.3% | 6.23 | 565 | Jan 2, 2022 - Dec 31, 2025 |
|
54
|
Short Put
Short Put
|
$2,410,862.25
positive
|
83.6% | 202.1% | 2.25 | 61 | Jan 10, 2023 - Dec 10, 2025 |
|
55
|
Iron Condor
Iron Condor
|
$2,297,757.97
positive
|
53.0% | 86.2% | 0.72 | 349 | Jan 1, 2019 - Dec 31, 2025 |
|
56
|
Short Put
Short Put
|
$2,295,120.20
positive
|
72.5% | 197.2% | 2.57 | 69 | Jan 10, 2023 - Dec 10, 2025 |
|
57
|
Credit Put Spread
Credit Put Spread
|
$2,241,985.60
positive
|
59.9% | 120.2% | 5.21 | 681 | Jan 2, 2022 - Dec 31, 2025 |
|
58
|
Credit Put Spread
Credit Put Spread
|
$2,231,425.21
positive
|
56.1% | 120.0% | 5.35 | 681 | Jan 2, 2022 - Dec 31, 2025 |
|
59
|
Iron Condor
Iron Condor
|
$2,027,755.86
positive
|
61.4% | 67.3% | 1.32 | 298 | Jan 1, 2020 - Dec 10, 2025 |
|
60
|
Custom Strategy |
$1,975,089.93
positive
|
95.6% | 106.6% | 28.37 | 988 | Jan 3, 2022 - Mar 10, 2026 |
|
61
|
Iron Condor
Iron Condor
|
$1,924,840.97
positive
|
71.0% | 82.5% | 4.26 | 1248 | Dec 10, 2020 - Dec 10, 2025 |
|
62
|
Credit Put Spread
Credit Put Spread
|
$1,893,108.58
positive
|
69.8% | 12.7% | 2.72 | 1193 | Dec 10, 2000 - Dec 10, 2025 |
|
63
|
Short Put
Short Put
|
$1,857,186.35
positive
|
80.5% | 34.6% | 2.44 | 508 | Dec 10, 2015 - Dec 10, 2025 |
|
64
|
Iron Condor
Iron Condor
|
$1,838,223.28
positive
|
76.0% | 1,842.2% | 5.66 | 104 | Dec 10, 2024 - Dec 10, 2025 |
|
65
|
Custom Strategy |
$1,735,936.60
positive
|
41.2% | 21.3% | 0.54 | 469 | Nov 8, 2010 - Dec 10, 2025 |
|
66
|
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 |
|
67
|
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 |
|
68
|
Iron Condor
Iron Condor
|
$1,727,081.27
positive
|
73.3% | 1,730.7% | 4.63 | 105 | Dec 10, 2024 - Dec 10, 2025 |
|
69
|
Iron Condor
Iron Condor
|
$1,727,081.27
positive
|
73.3% | 1,730.7% | 4.63 | 105 | Dec 10, 2024 - Dec 10, 2025 |
|
70
|
Credit Put Spread
Credit Put Spread
|
$1,673,461.66
positive
|
71.9% | 33.3% | 0.78 | 430 | Dec 10, 2015 - Dec 10, 2025 |
|
71
|
Short Put
Short Put
|
$1,571,796.09
positive
|
99.5% | 25.9% | 28.55 | 1114 | Nov 8, 2010 - Dec 10, 2025 |
|
72
|
Credit Put Spread
Credit Put Spread
|
$1,562,855.52
positive
|
66.4% | 75.5% | 3.13 | 737 | Dec 10, 2020 - Dec 10, 2025 |
|
73
|
Credit Put Spread
Credit Put Spread
|
$1,512,986.82
positive
|
69.5% | 11.8% | 2.57 | 1252 | Dec 10, 2000 - Dec 10, 2025 |
|
74
|
Credit Put Spread
Credit Put Spread
|
$1,463,445.39
positive
|
94.3% | 99.0% | 5.78 | 35 | Jan 2, 2022 - Dec 31, 2025 |
|
75
|
Custom Strategy |
$1,420,646.80
positive
|
79.9% | 519.3% | 9.72 | 657 | Dec 10, 2022 - Dec 10, 2025 |
|
76
|
Credit Put Spread
Credit Put Spread
|
$1,391,955.90
positive
|
96.6% | 146.1% | 5.72 | 29 | Dec 10, 2022 - Dec 10, 2025 |
|
77
|
Credit Put Spread
Credit Put Spread
|
$1,389,272.54
positive
|
68.9% | 11.7% | 2.47 | 1206 | Dec 10, 2000 - May 10, 2025 |
|
78
|
Short Put
Short Put
|
$1,357,344.81
positive
|
85.5% | 144.2% | 5.89 | 131 | Dec 10, 2022 - Dec 10, 2025 |
|
79
|
Credit Put Spread
Credit Put Spread
|
$1,309,583.21
positive
|
70.6% | 30.3% | 0.81 | 470 | Dec 10, 2015 - Dec 10, 2025 |
|
80
|
Credit Put Spread
Credit Put Spread
|
$1,291,849.00
positive
|
99.5% | 24.4% | 28.09 | 1037 | Nov 8, 2010 - Dec 10, 2025 |
|
81
|
Credit Put Spread
Credit Put Spread
|
$1,266,851.72
positive
|
68.0% | 68.7% | 4.04 | 735 | Dec 10, 2020 - Dec 10, 2025 |
|
82
|
Credit Put Spread
Credit Put Spread
|
$1,208,540.52
positive
|
67.6% | 67.3% | 3.88 | 721 | Dec 10, 2020 - Dec 10, 2025 |
|
83
|
Credit Put Spread
Credit Put Spread
|
$1,196,992.00
positive
|
70.6% | 18.5% | 1.65 | 3037 | Nov 8, 2010 - Dec 10, 2025 |
|
84
|
Iron Condor
Iron Condor
|
$1,188,365.00
positive
|
86.9% | 1,190.6% | 19.92 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
85
|
Credit Put Spread
Credit Put Spread
|
$1,182,219.30
positive
|
78.5% | 29.3% | -0.87 | 2316 | Jan 1, 2016 - Dec 10, 2025 |
|
86
|
Credit Put Spread
Credit Put Spread
|
$1,182,219.30
positive
|
78.5% | 29.3% | -0.87 | 2316 | Jan 1, 2016 - Dec 10, 2025 |
|
87
|
Long Call
Long Call
|
$1,175,778.00
positive
|
52.0% | 1,178.0% | 4.56 | 50 | Dec 10, 2024 - Dec 10, 2025 |
|
88
|
Long Call
Long Call
|
$1,175,778.00
positive
|
52.0% | 1,178.0% | 4.56 | 50 | Dec 10, 2024 - Dec 10, 2025 |
|
89
|
Credit Put Spread
Credit Put Spread
|
$1,152,702.25
positive
|
80.6% | 18.4% | 3.38 | 1181 | Dec 10, 2010 - Dec 10, 2025 |
|
90
|
Credit Put Spread
Credit Put Spread
|
$1,026,150.16
positive
|
88.6% | 83.3% | 2.97 | 35 | Jan 2, 2022 - Dec 31, 2025 |
|
91
|
$987,212.80
positive
|
80.6% | 17.4% | 4.27 | 697 | Jan 10, 2011 - Dec 10, 2025 | |
|
92
|
Long Call
Long Call
|
$963,347.01
positive
|
40.2% | 965.1% | 3.74 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
93
|
Long Call
Long Call
|
$963,347.01
positive
|
40.2% | 965.1% | 3.74 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
94
|
Long Call
Long Call
|
$963,347.01
positive
|
40.2% | 965.1% | 3.74 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
95
|
Long Call
Long Call
|
$963,347.01
positive
|
40.2% | 965.1% | 3.74 | 251 | Dec 10, 2024 - Dec 10, 2025 |
|
96
|
Long Straddle
Long Straddle
|
$913,551.33
positive
|
95.1% | 26.1% | 3.53 | 324 | Dec 10, 2015 - Dec 10, 2025 |
|
97
|
Credit Put Spread
Credit Put Spread
|
$909,438.18
positive
|
68.1% | 9.9% | 2.08 | 1222 | Dec 10, 2000 - May 10, 2025 |
|
98
|
Short Put
Short Put
|
$903,193.15
positive
|
90.5% | 216.5% | 1.26 | 95 | Dec 10, 2023 - Dec 10, 2025 |
|
99
|
Short Put
Short Put
|
$887,675.41
positive
|
76.0% | 58.1% | 3.82 | 1248 | Dec 10, 2020 - Dec 10, 2025 |
|
100
|
Short Straddle
Short Straddle
|
$838,915.01
positive
|
100.0% | 51.3% | 10.42 | 51 | Dec 10, 2020 - May 10, 2026 |
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
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