Covered Call
Covered Call • Dec 10, 2012 - Dec 10, 2025
Backtest Performance
Backtest Metrics
Backtest Summary
This backtest shows a Covered Call strategy on QQQ from Dec 10, 2012 - Dec 10, 2025, placing 1495 trades that stayed open for an average of 30 days. The results were impressive - winning 81.4% of the time (1217 wins vs 278 losses), which shows remarkable consistency. This translated to $7,186,165.72 in total profits. On average, each position made $4,806.80. When annualized, that's a 17.6% return (CAGR), which suggests strong growth potential if maintained over time. Impressively, the maximum drawdown was only 6.9%, showing excellent risk control. With a Sharpe ratio of 11.03, the returns were excellent relative to the risk taken. The strategy managed to keep 58.8% of the premium collected. Bottom line: this strategy looks promising for anyone seeking consistent, well-managed returns.
Turn This Idea Into A Bot
Stop trading manually... you're losing because of emotions, volatility, and because you can't watch the market 24/7. Use one of our 15+ proven options bots or automate your own options strategy using our super simple (no coding required) tool called The Options Auto Trader.
Trade Log
| Date | Entry | Exit | Exit Reason | P&L | Return | Action |
|---|---|---|---|---|---|---|
| 2012-12-10 | $1.44 | $2.00 | Early Exit | $-571.60 | -38.73% | |
| 2012-12-11 | $1.85 | $2.00 | Early Exit | $-166.40 | -8.30% | |
| 2012-12-12 | $1.63 | $2.00 | Early Exit | $-386.20 | -22.93% | |
| 2012-12-13 | $1.39 | $2.00 | Early Exit | $-626.20 | -44.19% | |
| 2012-12-14 | $1.64 | $0.05 | Early Exit | $1,577.60 | 96.95% | |
| 2012-12-17 | $1.52 | $2.00 | Early Exit | $-498.40 | -32.03% | |
| 2012-12-18 | $1.42 | $1.09 | Early Exit | $315.40 | 23.13% | |
| 2012-12-19 | $1.30 | $1.09 | Early Exit | $196.90 | 16.13% | |
| 2012-12-20 | $1.38 | $0.05 | Early Exit | $1,317.70 | 96.38% | |
| 2012-12-21 | $1.56 | $0.05 | Early Exit | $1,494.50 | 96.79% | |
| 2013-01-14 | $1.68 | $2.08 | Early Exit | $-407.30 | -23.42% | |
| 2013-01-15 | $1.44 | $2.08 | Early Exit | $-650.00 | -44.21% | |
| 2013-01-16 | $1.55 | $2.08 | Early Exit | $-544.60 | -34.38% | |
| 2013-01-17 | $1.22 | $0.05 | Early Exit | $1,156.30 | 95.90% | |
| 2013-01-18 | $1.71 | $0.05 | Early Exit | $1,645.80 | 97.07% | |
| 2013-01-22 | $1.26 | $0.05 | Early Exit | $1,198.80 | 96.04% | |
| 2013-01-23 | $1.39 | $0.05 | Early Exit | $1,325.90 | 96.40% | |
| 2013-01-24 | $1.46 | $0.88 | Early Exit | $572.90 | 40.03% | |
| 2013-01-25 | $1.57 | $0.88 | Early Exit | $683.40 | 44.24% | |
| 2013-01-28 | $1.71 | $0.88 | Early Exit | $822.00 | 48.76% | |
| 2013-02-11 | $1.77 | $1.46 | Early Exit | $301.20 | 17.71% | |
| 2013-02-12 | $1.61 | $1.46 | Early Exit | $135.50 | 9.23% | |
| 2013-02-13 | $1.71 | $1.46 | Early Exit | $239.10 | 14.72% | |
| 2013-02-19 | $1.72 | $1.46 | Early Exit | $245.20 | 15.03% | |
| 2013-02-20 | $1.73 | $2.40 | Early Exit | $-674.70 | -38.17% | |
| 2013-02-21 | $1.48 | $2.40 | Early Exit | $-930.10 | -62.04% | |
| 2013-02-22 | $1.77 | $2.40 | Early Exit | $-635.10 | -35.08% | |
| 2013-02-25 | $1.41 | $2.40 | Early Exit | $-997.30 | -69.76% | |
| 2013-02-26 | $1.40 | $2.40 | Early Exit | $-1,003.60 | -70.52% | |
| 2013-02-27 | $1.12 | $1.46 | Early Exit | $-348.60 | -29.84% | |
| 2013-03-25 | $1.19 | $1.09 | Early Exit | $88.10 | 8.51% | |
| 2013-03-26 | $1.41 | $1.09 | Early Exit | $309.60 | 22.88% | |
| 2013-03-27 | $1.37 | $1.09 | Early Exit | $273.50 | 20.86% | |
| 2013-03-28 | $1.33 | $1.84 | Early Exit | $-518.80 | -38.01% | |
| 2013-04-01 | $1.29 | $2.30 | Early Exit | $-1,026.90 | -78.82% | |
| 2013-04-02 | $1.75 | $2.30 | Early Exit | $-562.70 | -31.40% | |
| 2013-04-03 | $1.50 | $0.05 | Early Exit | $1,439.60 | 96.67% | |
| 2013-04-04 | $1.45 | $0.05 | Early Exit | $1,386.40 | 96.55% | |
| 2013-04-05 | $1.75 | $0.05 | Early Exit | $1,689.20 | 97.15% | |
| 2013-04-08 | $1.31 | $0.05 | Early Exit | $1,250.60 | 96.19% | |
| 2013-04-22 | $1.55 | $0.05 | Early Exit | $1,486.60 | 96.77% | |
| 2013-04-23 | $1.29 | $0.05 | Early Exit | $1,227.40 | 96.13% | |
| 2013-04-24 | $1.21 | $0.05 | Early Exit | $1,150.90 | 95.88% | |
| 2013-04-29 | $1.47 | $0.05 | Early Exit | $1,407.20 | 96.60% | |
| 2013-04-30 | $1.47 | $0.05 | Early Exit | $1,403.10 | 96.59% | |
| 2013-05-01 | $1.56 | $0.05 | Early Exit | $1,495.00 | 96.79% | |
| 2013-05-14 | $1.58 | $0.37 | Take Profit | $1,200.20 | 76.83% | |
| 2013-05-15 | $1.61 | $0.37 | Take Profit | $1,221.96 | 76.89% | |
| 2013-05-16 | $1.58 | $0.37 | Take Profit | $1,197.56 | 76.83% | |
| 2013-05-21 | $1.33 | $0.32 | Take Profit | $1,004.44 | 76.25% |