Short Strangle
Short Strangle • Dec 10, 2024 - Feb 1, 2026
Backtest Performance
Backtest Metrics
Backtest Summary
This backtest shows a Short Strangle strategy on SPX from Dec 10, 2024 - Feb 1, 2026, placing 23 trades that stayed open for an average of 31 days. The results were impressive - winning 91.3% of the time (21 wins vs 2 losses), which shows remarkable consistency. This translated to $70,972.81 in total profits. On average, each position made $3,085.77. When annualized, that's a 4,095.7% return (CAGR), which suggests strong growth potential if maintained over time. The journey was quite volatile though - at its worst, the account was down 178.9%, which would require strong conviction to ride out. With a Sharpe ratio of 4.91, the returns were excellent relative to the risk taken. 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 |
|---|---|---|---|---|---|---|
| 2025-01-22 | $145.45 | $109.14 | Take Profit | $3,628.62 | 24.97% | |
| 2025-02-05 | $60.39 | $45.34 | Take Profit | $1,502.05 | 24.92% | |
| 2025-02-12 | $89.05 | $0.05 | Early Exit | $8,897.81 | 99.94% | |
| 2025-02-19 | $77.49 | $0.05 | Early Exit | $7,741.21 | 99.94% | |
| 2025-06-11 | $59.22 | $44.47 | Take Profit | $1,473.00 | 24.92% | |
| 2025-06-04 | $123.73 | $92.85 | Take Profit | $3,085.64 | 24.96% | |
| 2025-07-02 | $80.80 | $60.65 | Take Profit | $2,012.28 | 24.94% | |
| 2025-06-25 | $99.19 | $74.44 | Take Profit | $2,472.13 | 24.95% | |
| 2025-07-09 | $114.07 | $85.60 | Take Profit | $2,844.05 | 24.96% | |
| 2025-07-16 | $136.10 | $102.13 | Take Profit | $3,395.01 | 24.96% | |
| 2025-08-06 | $82.35 | $61.81 | Take Profit | $2,051.15 | 24.94% | |
| 2025-08-13 | $111.71 | $83.84 | Take Profit | $2,785.27 | 24.96% | |
| 2025-08-27 | $120.60 | $90.50 | Take Profit | $3,007.51 | 24.96% | |
| 2025-07-23 | $281.92 | $318.75 | Early Exit | $-3,685.26 | -13.06% | |
| 2025-09-24 | $106.38 | $79.83 | Take Profit | $2,651.88 | 24.95% | |
| 2025-09-03 | $42.61 | $32.00 | Take Profit | $1,057.53 | 24.88% | |
| 2025-10-01 | $44.92 | $33.74 | Take Profit | $1,115.30 | 24.89% | |
| 2025-08-20 | $137.81 | $0.05 | Early Exit | $13,773.82 | 99.96% | |
| 2025-09-10 | $178.90 | $189.26 | Early Exit | $-1,038.37 | -5.79% | |
| 2025-10-22 | $45.65 | $34.29 | Take Profit | $1,133.60 | 24.89% | |
| 2025-10-08 | $279.15 | $209.41 | Take Profit | $6,971.14 | 24.98% | |
| 2025-11-12 | $92.27 | $69.25 | Take Profit | $2,299.18 | 24.95% | |
| 2025-11-26 | $72.24 | $54.23 | Take Profit | $1,798.31 | 24.93% |