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 1652 trades that stayed open for an average of 26 days. The results were impressive - winning 76.57% of the time (1265 wins vs 387 losses), which shows remarkable consistency. This translated to $1,584,466.46 in total profits. On average, each position made $959.12. The 7.6% 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 28.0%, which would require strong conviction to ride out. The Sharpe ratio of 0.83 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 |
|---|---|---|---|---|---|---|
| 2012-12-18 | $0.30 | $0.11 | Take Profit | $180.76 | 63.59% | |
| 2012-12-11 | $0.48 | $0.15 | Take Profit | $317.72 | 69.49% | |
| 2012-12-19 | $0.46 | $0.14 | Take Profit | $308.68 | 69.24% | |
| 2012-12-10 | $0.61 | $0.39 | Early Exit | $201.60 | 35.23% | |
| 2012-12-12 | $0.41 | $0.13 | Take Profit | $261.24 | 67.66% | |
| 2012-12-13 | $0.58 | $0.39 | Early Exit | $173.20 | 32.06% | |
| 2012-12-14 | $0.44 | $0.39 | Early Exit | $28.90 | 9.60% | |
| 2012-12-17 | $0.59 | $0.39 | Early Exit | $184.20 | 33.33% | |
| 2012-12-20 | $0.55 | $0.05 | Early Exit | $486.00 | 90.89% | |
| 2012-12-21 | $0.63 | $0.05 | Early Exit | $562.60 | 92.01% | |
| 2012-12-27 | $0.76 | $1.33 | Early Exit | $-590.00 | -76.37% | |
| 2012-12-28 | $0.83 | $2.24 | Early Exit | $-1,420.50 | -169.01% | |
| 2012-12-31 | $0.62 | $0.58 | Early Exit | $25.40 | 6.17% | |
| 2013-01-14 | $0.34 | $0.12 | Take Profit | $207.32 | 65.20% | |
| 2013-01-15 | $0.21 | $0.09 | Take Profit | $102.12 | 55.78% | |
| 2013-01-16 | $0.24 | $0.10 | Take Profit | $128.12 | 59.07% | |
| 2013-01-17 | $0.37 | $0.12 | Take Profit | $232.68 | 66.47% | |
| 2013-01-22 | $0.09 | $0.07 | Take Profit | $12.44 | 26.98% | |
| 2013-01-23 | $0.14 | $0.08 | Take Profit | $48.60 | 44.16% | |
| 2013-01-18 | $0.27 | $0.10 | Take Profit | $150.44 | 61.26% | |
| 2013-01-29 | $0.24 | $0.10 | Take Profit | $128.68 | 59.13% | |
| 2013-01-28 | $0.23 | $0.10 | Take Profit | $120.20 | 58.17% | |
| 2013-02-08 | $0.23 | $0.10 | Take Profit | $120.36 | 58.18% | |
| 2013-01-30 | $0.42 | $0.13 | Take Profit | $271.88 | 68.06% | |
| 2013-01-31 | $0.39 | $0.13 | Take Profit | $251.48 | 67.28% | |
| 2013-02-04 | $0.26 | $0.32 | Early Exit | $-67.70 | -20.92% | |
| 2013-02-05 | $0.78 | $1.05 | Early Exit | $-285.40 | -35.04% | |
| 2013-02-06 | $0.35 | $0.32 | Early Exit | $25.00 | 10.73% | |
| 2013-02-07 | $0.35 | $0.32 | Early Exit | $19.00 | 9.19% | |
| 2013-02-15 | $0.19 | $0.09 | Take Profit | $88.52 | 53.60% | |
| 2013-02-20 | $0.30 | $0.14 | Early Exit | $151.40 | 54.01% | |
| 2013-02-21 | $0.19 | $0.14 | Early Exit | $41.70 | 28.09% | |
| 2013-02-22 | $0.25 | $0.14 | Early Exit | $98.90 | 44.42% | |
| 2013-02-26 | $0.44 | $0.64 | Early Exit | $-209.20 | -44.67% | |
| 2013-03-04 | $0.14 | $0.08 | Take Profit | $51.56 | 45.08% | |
| 2013-03-11 | $0.20 | $0.09 | Take Profit | $100.92 | 55.60% | |
| 2013-03-12 | $0.18 | $0.09 | Take Profit | $78.52 | 51.74% | |
| 2013-03-13 | $0.15 | $0.08 | Take Profit | $59.72 | 47.41% | |
| 2013-03-20 | $0.22 | $0.09 | Take Profit | $114.68 | 57.49% | |
| 2013-03-14 | $0.13 | $0.08 | Take Profit | $43.56 | 42.46% | |
| 2013-03-26 | $0.10 | $0.07 | Take Profit | $14.52 | 28.40% | |
| 2013-03-27 | $0.11 | $0.07 | Take Profit | $27.56 | 35.83% | |
| 2013-03-25 | $0.30 | $0.11 | Take Profit | $179.00 | 63.47% | |
| 2013-03-28 | $0.22 | $0.09 | Take Profit | $115.32 | 57.57% | |
| 2013-04-01 | $0.22 | $0.35 | Early Exit | $-139.50 | -57.58% | |
| 2013-04-02 | $0.34 | $0.35 | Early Exit | $-20.50 | -2.21% | |
| 2013-04-03 | $0.53 | $0.05 | Early Exit | $469.60 | 90.61% | |
| 2013-04-04 | $0.25 | $2.26 | Early Exit | $-2,019.30 | -792.06% | |
| 2013-04-05 | $0.33 | $0.05 | Early Exit | $265.20 | 84.77% | |
| 2013-04-09 | $0.22 | $2.26 | Early Exit | $-2,054.70 | -936.99% |