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 211 trades that stayed open for an average of 22 days. The results were impressive - winning 76.78% of the time (162 wins vs 49 losses), which shows remarkable consistency. This translated to $196,787.84 in total profits. On average, each position made $932.64. The 5.4% annualized return (CAGR) shows this could be a solid long-term strategy. The journey was quite volatile though - at its worst, the account was down 30.1%, which would require strong conviction to ride out. The Sharpe ratio of 0.01 shows modest risk-adjusted performance. Overall, this is a viable strategy that could be improved with some fine-tuning.
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Trade Log
| Date | Entry | Exit | Exit Reason | P&L | Return | Action |
|---|---|---|---|---|---|---|
| 2012-12-10 | $0.12 | $0.07 | Take Profit | $71.44 | 39.48% | |
| 2012-12-26 | $0.37 | $0.05 | Early Exit | $621.80 | 86.63% | |
| 2013-01-22 | $0.09 | $0.07 | Take Profit | $24.88 | 26.98% | |
| 2013-02-04 | $0.09 | $0.07 | Early Exit | $16.80 | 23.83% | |
| 2013-02-25 | $0.23 | $0.14 | Early Exit | $147.60 | 38.27% | |
| 2013-03-25 | $0.10 | $0.07 | Take Profit | $29.52 | 28.56% | |
| 2013-04-18 | $0.32 | $0.05 | Early Exit | $516.60 | 84.44% | |
| 2013-05-20 | $0.14 | $0.08 | Take Profit | $100.24 | 44.64% | |
| 2013-06-04 | $0.13 | $0.05 | Early Exit | $138.80 | 62.24% | |
| 2013-07-01 | $0.28 | $1.45 | Early Exit | $-2,364.40 | -412.42% | |
| 2013-07-29 | $0.14 | $0.08 | Take Profit | $92.72 | 43.42% | |
| 2013-08-21 | $0.20 | $0.42 | Early Exit | $-479.60 | -116.19% | |
| 2013-09-16 | $0.12 | $0.07 | Take Profit | $60.72 | 37.16% | |
| 2013-10-09 | $0.57 | $2.45 | Early Exit | $-3,780.20 | -329.14% | |
| 2013-11-12 | $0.16 | $0.35 | Early Exit | $-416.60 | -124.24% | |
| 2013-12-16 | $0.17 | $0.05 | Early Exit | $211.20 | 70.34% | |
| 2014-01-13 | $0.05 | $0.05 | Early Exit | $-17.80 | 7.58% | |
| 2014-02-03 | $0.52 | $0.05 | Early Exit | $905.00 | 90.30% | |
| 2014-03-03 | $0.15 | $0.05 | Early Exit | $168.60 | 66.06% | |
| 2014-03-31 | $0.40 | $0.13 | Take Profit | $520.08 | 67.62% | |
| 2014-04-11 | $0.65 | $1.00 | Early Exit | $-743.00 | -55.56% | |
| 2014-05-12 | $0.27 | $1.45 | Early Exit | $-2,370.20 | -428.71% | |
| 2014-06-09 | $0.10 | $0.07 | Take Profit | $32.72 | 29.60% | |
| 2014-06-23 | $0.06 | $0.38 | Early Exit | $-670.60 | -573.49% | |
| 2014-07-21 | $0.09 | $0.07 | Take Profit | $14.80 | 23.18% | |
| 2014-08-14 | $0.15 | $0.11 | Early Exit | $56.60 | 28.06% | |
| 2014-09-15 | $0.24 | $0.10 | Take Profit | $252.40 | 58.86% | |
| 2014-10-07 | $0.43 | $0.14 | Take Profit | $559.92 | 68.34% | |
| 2014-10-15 | $1.08 | $0.05 | Early Exit | $2,026.40 | 95.35% | |
| 2014-11-17 | $0.20 | $0.05 | Early Exit | $267.40 | 74.58% | |
| 2014-12-15 | $0.48 | $0.15 | Take Profit | $638.96 | 69.54% | |
| 2015-01-05 | $0.50 | $0.15 | Take Profit | $680.08 | 70.08% | |
| 2015-01-28 | $0.64 | $4.45 | Early Exit | $-7,653.80 | -598.54% | |
| 2015-03-03 | $0.20 | $0.09 | Take Profit | $201.20 | 55.55% | |
| 2015-03-11 | $0.52 | $0.15 | Take Profit | $702.96 | 70.35% | |
| 2015-04-01 | $0.43 | $0.80 | Early Exit | $-767.20 | -87.04% | |
| 2015-05-04 | $0.14 | $0.08 | Take Profit | $100.88 | 44.74% | |
| 2015-05-29 | $0.14 | $0.08 | Take Profit | $93.68 | 43.58% | |
| 2015-06-09 | $0.17 | $0.08 | Take Profit | $150.32 | 51.05% | |
| 2015-06-30 | $0.34 | $0.33 | Early Exit | $1.00 | 3.96% | |
| 2015-07-27 | $0.31 | $0.11 | Take Profit | $365.52 | 63.72% | |
| 2015-08-13 | $0.30 | $0.11 | Take Profit | $358.80 | 63.50% | |
| 2015-08-21 | $1.16 | $0.43 | Early Exit | $1,426.60 | 62.85% | |
| 2015-09-21 | $0.54 | $0.16 | Take Profit | $735.28 | 70.71% | |
| 2015-09-28 | $1.32 | $0.05 | Early Exit | $2,510.80 | 96.21% | |
| 2015-10-26 | $0.43 | $0.14 | Take Profit | $555.12 | 68.25% | |
| 2015-11-12 | $0.39 | $0.13 | Take Profit | $497.52 | 67.17% | |
| 2015-12-11 | $0.93 | $0.24 | Take Profit | $1,365.68 | 74.64% | |
| 2016-01-04 | $0.63 | $0.18 | Take Profit | $879.60 | 72.04% | |
| 2016-01-11 | $1.04 | $0.26 | Take Profit | $1,542.80 | 75.21% |