Butterfly Spread
Butterfly Spread • Dec 10, 2024 - Dec 10, 2025
Backtest Performance
Backtest Metrics
Backtest Summary
This backtest shows a Butterfly Spread strategy on SPX from Dec 10, 2024 - Dec 10, 2025, placing 232 trades that stayed open for an average of 1 days. Despite winning only 43.1% of trades (100 vs 132), the winners were big enough to generate $420,409.40 in profits. On average, each position made $1,812.11. When annualized, that's a 421.0% return (CAGR), which suggests strong growth potential if maintained over time. The account experienced a 13.9% drawdown at its lowest point, which is moderate but manageable. The Sharpe ratio of 1.98 suggests the returns were worth the risk. Notably, the strategy captured 114.0% 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 |
|---|---|---|---|---|---|---|
| 2024-12-10 | $0.63 | $5.00 | Expiration | $4,329.50 | 691.77% | |
| 2024-12-11 | $0.20 | $0.00 | Expiration | $-239.00 | -100.00% | |
| 2024-12-13 | $0.20 | $0.00 | Expiration | $-239.00 | -100.00% | |
| 2024-12-16 | $0.74 | $0.00 | Expiration | $-775.80 | -100.00% | |
| 2024-12-17 | $0.61 | $0.00 | Expiration | $-649.70 | -100.00% | |
| 2024-12-18 | $1.80 | $0.00 | Expiration | $-1,839.10 | -100.00% | |
| 2024-12-19 | $3.11 | $5.00 | Expiration | $1,854.30 | 60.94% | |
| 2024-12-20 | $2.45 | $10.00 | Expiration | $7,507.30 | 307.55% | |
| 2024-12-23 | $1.77 | $10.00 | Expiration | $8,195.10 | 466.28% | |
| 2024-12-24 | $0.20 | $0.05 | Expiration | $-189.00 | -75.00% | |
| 2024-12-26 | $0.72 | $0.00 | Expiration | $-755.00 | -100.00% | |
| 2024-12-27 | $1.23 | $0.00 | Expiration | $-1,268.80 | -100.00% | |
| 2024-12-30 | $2.12 | $0.00 | Expiration | $-2,160.30 | -100.00% | |
| 2024-12-31 | $2.48 | $0.05 | Expiration | $-2,465.50 | -97.98% | |
| 2025-01-02 | $2.42 | $5.00 | Expiration | $2,539.90 | 106.52% | |
| 2025-01-03 | $1.03 | $10.00 | Expiration | $8,933.60 | 873.33% | |
| 2025-01-06 | $2.01 | $0.00 | Expiration | $-2,050.20 | -100.00% | |
| 2025-01-07 | $2.05 | $7.05 | Expiration | $4,965.50 | 244.66% | |
| 2025-01-08 | $2.50 | $0.05 | Expiration | $-2,489.50 | -98.00% | |
| 2025-01-10 | $2.34 | $0.00 | Expiration | $-2,374.80 | -100.00% | |
| 2025-01-13 | $1.41 | $0.00 | Expiration | $-1,445.80 | -100.00% | |
| 2025-01-14 | $2.41 | $15.00 | Expiration | $12,549.40 | 521.99% | |
| 2025-01-15 | $1.83 | $0.00 | Expiration | $-1,864.30 | -100.00% | |
| 2025-01-16 | $0.88 | $5.00 | Expiration | $4,078.80 | 466.76% | |
| 2025-01-17 | $0.87 | $0.05 | Expiration | $-858.20 | -94.25% | |
| 2025-01-21 | $0.90 | $5.00 | Expiration | $4,062.30 | 456.36% | |
| 2025-01-22 | $0.73 | $5.00 | Expiration | $4,235.80 | 589.46% | |
| 2025-01-23 | $0.20 | $0.00 | Expiration | $-239.00 | -100.00% | |
| 2025-01-24 | $1.68 | $0.00 | Expiration | $-1,722.40 | -100.00% | |
| 2025-01-27 | $2.03 | $15.00 | Expiration | $12,935.00 | 640.38% | |
| 2025-01-28 | $1.60 | $0.00 | Expiration | $-1,636.10 | -100.00% | |
| 2025-01-29 | $2.72 | $1.35 | Expiration | $-1,404.50 | -50.29% | |
| 2025-01-30 | $3.32 | $0.00 | Expiration | $-3,359.30 | -100.00% | |
| 2025-01-31 | $2.30 | $0.00 | Expiration | $-2,342.90 | -100.00% | |
| 2025-02-03 | $3.17 | $5.00 | Expiration | $1,787.90 | 57.57% | |
| 2025-02-04 | $1.36 | $10.00 | Expiration | $8,599.30 | 634.38% | |
| 2025-02-05 | $1.27 | $10.00 | Expiration | $8,692.80 | 688.52% | |
| 2025-02-06 | $1.02 | $0.00 | Expiration | $-1,063.20 | -100.00% | |
| 2025-02-07 | $2.09 | $15.00 | Expiration | $12,872.90 | 618.36% | |
| 2025-02-10 | $0.91 | $0.00 | Expiration | $-949.20 | -100.00% | |
| 2025-02-11 | $0.54 | $0.00 | Expiration | $-579.60 | -100.00% | |
| 2025-02-12 | $1.50 | $10.00 | Expiration | $8,464.60 | 568.27% | |
| 2025-02-13 | $0.83 | $0.00 | Expiration | $-864.60 | -100.00% | |
| 2025-02-14 | $0.68 | $0.05 | Expiration | $-664.40 | -92.60% | |
| 2025-02-18 | $0.69 | $5.00 | Expiration | $4,274.10 | 627.91% | |
| 2025-02-19 | $1.07 | $0.00 | Expiration | $-1,113.30 | -100.00% | |
| 2025-02-20 | $1.23 | $0.00 | Expiration | $-1,271.00 | -100.00% | |
| 2025-02-21 | $2.13 | $0.00 | Expiration | $-2,165.80 | -100.00% | |
| 2025-02-25 | $2.58 | $4.95 | Expiration | $2,334.20 | 92.10% | |
| 2025-02-26 | $2.22 | $0.00 | Expiration | $-2,262.10 | -100.00% |