Butterfly Spread
Butterfly Spread • Jan 10, 2015 - Dec 10, 2025
Backtest Performance
Backtest Metrics
Backtest Summary
This backtest shows a Butterfly Spread strategy on SPY from Jan 10, 2015 - Dec 10, 2025, placing 90 trades that stayed open for an average of 27 days. With a solid 65.56% win rate (59 winners and 31 losers), the strategy proved reliable. This translated to $40,374.05 in total profits. On average, each position made $448.60. Annualized, that's a 3.2% return (CAGR) - modest but positive. Impressively, the maximum drawdown was only 2.1%, showing excellent risk control. The Sharpe ratio of 1.12 suggests the returns were worth the risk. Bottom line: this strategy looks promising for anyone seeking consistent, well-managed returns.
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Trade Log
| Date | Entry | Exit | Exit Reason | P&L | Return | Action |
|---|---|---|---|---|---|---|
| 2015-01-12 | $2.20 | $1.55 | Early Exit | $60.57 | 29.35% | |
| 2015-03-16 | $7.52 | $9.03 | Early Exit | $-154.39 | -20.00% | |
| 2015-04-20 | $2.85 | $3.23 | Early Exit | $-41.83 | -13.32% | |
| 2015-06-29 | $6.07 | $5.98 | Early Exit | $4.68 | 1.41% | |
| 2015-08-03 | $8.37 | $0.05 | Early Exit | $827.79 | 99.40% | |
| 2015-10-12 | $1.70 | $1.87 | Early Exit | $-21.70 | -10.49% | |
| 2015-12-21 | $0.57 | $0.05 | Early Exit | $-56.06 | -91.25% | |
| 2016-01-25 | $6.27 | $6.58 | Early Exit | $-34.76 | -4.92% | |
| 2016-02-29 | $2.18 | $0.05 | Early Exit | $209.41 | 97.71% | |
| 2016-04-04 | $4.38 | $4.61 | Early Exit | $-26.09 | -5.06% | |
| 2016-05-09 | $5.76 | $6.37 | Early Exit | $-64.33 | -10.48% | |
| 2016-06-13 | $4.70 | $2.71 | Early Exit | $194.49 | 42.24% | |
| 2016-08-22 | $7.66 | $0.05 | Early Exit | $756.63 | 99.35% | |
| 2016-09-26 | $3.12 | $4.37 | Early Exit | $-129.16 | -40.21% | |
| 2016-10-31 | $4.64 | $3.27 | Early Exit | $133.21 | 29.55% | |
| 2016-12-05 | $5.59 | $4.19 | Early Exit | $135.32 | 24.92% | |
| 2017-01-09 | $7.73 | $5.63 | Early Exit | $205.99 | 27.14% | |
| 2017-03-13 | $2.86 | $5.27 | Early Exit | $-245.63 | -84.60% | |
| 2017-05-22 | $8.70 | $0.05 | Early Exit | $860.91 | 99.43% | |
| 2017-06-26 | $2.56 | $1.96 | Early Exit | $56.22 | 23.52% | |
| 2017-07-31 | $0.72 | $1.55 | Early Exit | $-86.62 | -114.49% | |
| 2017-10-09 | $9.28 | $9.05 | Early Exit | $19.26 | 2.49% | |
| 2017-12-18 | $0.73 | $0.07 | Early Exit | $62.05 | 89.91% | |
| 2018-01-22 | $4.20 | $0.05 | Early Exit | $411.58 | 98.81% | |
| 2018-02-26 | $17.41 | $0.05 | Early Exit | $1,732.49 | 99.71% | |
| 2018-03-26 | $6.06 | $6.33 | Early Exit | $-31.73 | -4.60% | |
| 2018-04-30 | $5.32 | $4.63 | Early Exit | $65.49 | 13.04% | |
| 2018-06-04 | $0.62 | $0.75 | Early Exit | $-16.76 | -20.59% | |
| 2018-07-09 | $11.26 | $8.42 | Early Exit | $280.27 | 25.24% | |
| 2018-08-13 | $6.63 | $4.02 | Early Exit | $257.00 | 39.38% | |
| 2018-10-22 | $8.67 | $0.05 | Early Exit | $858.05 | 99.42% | |
| 2018-11-26 | $9.72 | $0.05 | Early Exit | $962.80 | 99.49% | |
| 2018-12-31 | $16.09 | $14.24 | Early Exit | $180.78 | 11.48% | |
| 2019-02-04 | $13.25 | $11.36 | Early Exit | $185.24 | 14.27% | |
| 2019-03-04 | $3.27 | $2.94 | Early Exit | $28.72 | 9.99% | |
| 2019-04-08 | $1.28 | $1.00 | Early Exit | $24.15 | 21.95% | |
| 2019-05-13 | $4.01 | $2.86 | Early Exit | $110.59 | 28.56% | |
| 2019-07-22 | $12.95 | $0.05 | Early Exit | $1,286.55 | 99.61% | |
| 2019-08-26 | $7.69 | $4.22 | Early Exit | $343.59 | 45.17% | |
| 2019-09-30 | $9.49 | $11.58 | Early Exit | $-213.15 | -22.06% | |
| 2019-11-04 | $9.08 | $8.04 | Early Exit | $100.07 | 11.45% | |
| 2019-12-09 | $8.08 | $0.05 | Early Exit | $799.11 | 99.38% | |
| 2020-01-13 | $6.87 | $3.73 | Early Exit | $310.34 | 45.74% | |
| 2020-03-23 | $36.15 | $12.32 | Early Exit | $2,378.39 | 65.91% | |
| 2020-04-27 | $34.33 | $0.05 | Early Exit | $3,423.93 | 99.85% | |
| 2020-06-01 | $1.59 | $1.57 | Early Exit | $-1.82 | 1.31% | |
| 2020-07-06 | $13.57 | $10.93 | Early Exit | $260.29 | 19.47% | |
| 2020-08-10 | $9.35 | $10.04 | Early Exit | $-73.02 | -7.39% | |
| 2020-10-19 | $17.22 | $15.33 | Early Exit | $185.04 | 10.97% | |
| 2020-11-23 | $8.72 | $5.75 | Early Exit | $292.51 | 34.00% |