SPY 8DTE x3
Butterfly Spread • Jan 1, 2022 - Jan 7, 2026
Backtest Performance
Backtest Metrics
Backtest Summary
This backtest shows a Butterfly Spread strategy on SPY from Jan 1, 2022 - Jan 7, 2026, placing 206 trades that stayed open for an average of 7 days. Despite winning only 48.54% of trades (100 vs 106), the winners were big enough to generate $27,678.30 in profits. On average, each position made $134.36. When annualized, that's a 39.1% return (CAGR), which suggests strong growth potential if maintained over time. Impressively, the maximum drawdown was only 6.8%, showing excellent risk control. The Sharpe ratio of 0.96 shows modest risk-adjusted performance. Notably, the strategy captured 84.8% of the premium sold, which is excellent. While it made money, there's definitely room to improve the consistency and risk management here.
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Trade Log
| Date | Entry | Exit | Exit Reason | P&L | Return | Action |
|---|---|---|---|---|---|---|
| 2022-01-10 | $0.83 | $0.00 | Expiration | $-259.77 | -100.00% | |
| 2022-01-18 | $0.05 | $0.16 | Stop Loss | $-42.75 | -195.24% | |
| 2022-01-20 | $0.12 | $0.00 | Expiration | $-48.21 | -100.00% | |
| 2022-01-28 | $0.17 | $2.00 | Expiration | $535.95 | 1,052.74% | |
| 2022-02-04 | $0.48 | $0.00 | Expiration | $-157.05 | -100.00% | |
| 2022-02-11 | $0.09 | $0.00 | Expiration | $-39.33 | -100.00% | |
| 2022-02-18 | $0.12 | $2.04 | Expiration | $564.90 | 1,643.59% | |
| 2022-02-25 | $0.28 | $0.00 | Expiration | $-96.99 | -100.00% | |
| 2022-03-04 | $0.02 | $0.09 | Stop Loss | $-33.30 | -338.10% | |
| 2022-03-07 | $0.05 | $0.14 | Stop Loss | $-40.62 | -210.13% | |
| 2022-03-09 | $0.01 | $3.00 | Expiration | $885.51 | 36,044.58% | |
| 2022-03-16 | $0.42 | $2.00 | Expiration | $463.32 | 381.23% | |
| 2022-03-23 | $0.52 | $2.00 | Expiration | $433.20 | 287.60% | |
| 2022-03-30 | $0.76 | $0.00 | Expiration | $-239.37 | -100.00% | |
| 2022-04-06 | $0.65 | $0.00 | Expiration | $-207.90 | -100.00% | |
| 2022-04-13 | $0.86 | $1.69 | Expiration | $235.74 | 95.56% | |
| 2022-04-20 | $0.73 | $0.00 | Expiration | $-231.24 | -100.00% | |
| 2022-04-27 | $0.01 | $0.08 | Stop Loss | $-31.32 | -447.22% | |
| 2022-04-28 | $0.17 | $0.43 | Expiration | $67.02 | 158.10% | |
| 2022-05-04 | $0.16 | $0.00 | Expiration | $-58.74 | -100.00% | |
| 2022-05-11 | $0.53 | $0.00 | Expiration | $-171.78 | -100.00% | |
| 2022-05-18 | $0.09 | $0.22 | Stop Loss | $-52.89 | -157.94% | |
| 2022-05-24 | $0.17 | $0.39 | Stop Loss | $-78.24 | -129.27% | |
| 2022-05-25 | $0.25 | $2.00 | Expiration | $514.47 | 715.99% | |
| 2022-06-01 | $0.31 | $0.00 | Expiration | $-106.05 | -100.00% | |
| 2022-06-08 | $0.32 | $0.00 | Expiration | $-108.21 | -100.00% | |
| 2022-06-15 | $0.14 | $0.00 | Expiration | $-54.93 | -100.00% | |
| 2022-06-22 | $0.22 | $3.00 | Expiration | $823.20 | 1,288.89% | |
| 2022-06-29 | $0.31 | $3.00 | Expiration | $793.71 | 854.50% | |
| 2022-07-06 | $0.70 | $0.00 | Expiration | $-220.74 | -100.00% | |
| 2022-07-13 | $0.28 | $2.00 | Expiration | $504.30 | 616.85% | |
| 2022-07-20 | $0.38 | $1.86 | Expiration | $433.11 | 394.29% | |
| 2022-07-27 | $0.51 | $2.00 | Expiration | $434.97 | 292.08% | |
| 2022-08-03 | $0.53 | $3.00 | Expiration | $729.33 | 467.21% | |
| 2022-08-10 | $0.72 | $1.98 | Expiration | $366.75 | 175.96% | |
| 2022-08-17 | $0.67 | $0.00 | Expiration | $-212.82 | -100.00% | |
| 2022-08-24 | $0.46 | $0.00 | Expiration | $-150.45 | -100.00% | |
| 2022-08-31 | $0.42 | $1.00 | Expiration | $161.04 | 136.29% | |
| 2022-09-07 | $0.40 | $0.00 | Expiration | $-133.17 | -100.00% | |
| 2022-09-14 | $0.05 | $0.00 | Expiration | $-25.56 | -100.00% | |
| 2022-09-21 | $0.11 | $0.00 | Expiration | $-45.99 | -100.00% | |
| 2022-09-28 | $0.15 | $2.73 | Expiration | $760.86 | 1,675.03% | |
| 2022-10-05 | $0.28 | $0.00 | Expiration | $-97.44 | -100.00% | |
| 2022-10-12 | $0.02 | $0.64 | Expiration | $172.92 | 2,611.86% | |
| 2022-10-19 | $0.26 | $2.00 | Expiration | $508.53 | 655.00% | |
| 2022-10-26 | $0.15 | $0.00 | Expiration | $-57.90 | -100.00% | |
| 2022-11-02 | $0.23 | $0.00 | Expiration | $-80.40 | -100.00% | |
| 2022-11-09 | $0.11 | $2.00 | Expiration | $556.32 | 1,793.94% | |
| 2022-11-16 | $0.52 | $3.00 | Expiration | $731.25 | 474.16% | |
| 2022-11-23 | $1.01 | $3.00 | Expiration | $586.05 | 198.06% |
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