| Days to Expiry | Floor | Entries / Days | Total P&L | Avg / Trade |
|---|---|---|---|---|
| 4 (Mon) | $650 | 20 / 29 | +$133 | +$7 |
| 3 (Tue) | $600 | 25 / 33 | +$206 | +$8 |
| 2 (Wed) | $550 | 26 / 33 | +$469 | +$18 |
| 1 (Thu) | $500 | 17 / 33 | +$308 | +$18 |
| Leg | Strike | Action | Role |
|---|---|---|---|
| Long Put | ATM − wing | Buy | Downside protection — caps max loss |
| Short Put | ATM | Sell | Body of the butterfly |
| Short Call | ATM | Sell | Body of the butterfly |
| Long Call | ATM + wing | Buy | Upside protection — caps max loss |
| Net credit at entry (9:40 ET) | Maximum profit if SPY finishes inside the short strikes |
| SPY beyond a long wing | Maximum loss = wing width × 100 − credit |
| Avg net credit collected | $664 per contract |
| Exit | Every position is closed at Same day 15:40 ET by a scheduled job, regardless of P&L |
| Average winner | +$39 |
| Average loser | -$44 |
| Best trade | +$109 (2026-02-26) |
| Worst trade | -$141 (2026-06-11) |
| Total gross wins | +$2,340 |
| Total gross losses | -$1,224 |
Total P&L of +$1,116 over 88 trades, 68% winners. Average winner +$39 vs average loser -$44.
The per-days-to-expiry credit floors came from a sweep that exited at 14:40 ET. The live strategy exits at 15:40 ET, which is what this page models, so results differ from the sweep.
No commissions or slippage are modelled. At $4 per round trip (the slippage assumed in the exit-rule sweep) the total would be +$764.
📋 Full Trade Log is not displayed on mobile devices to prevent page freezing. View this report on a desktop browser to see all 88 trades.
| Entry | Day | Expiry | SPY 9:40 | LP/SP/SC/LC | Credit In | Cost to Close | P&L | Cum P&L | Exit |
|---|---|---|---|---|---|---|---|---|---|
| 2026-01-14 | Wednesday | 2026-01-16 | $690.63 | 681/691/691/701 | $574 | $470 | +$104 | +$104 | 01-14 15:40 |
| 2026-01-20 | Tuesday | 2026-01-23 | $682.48 | 672/682/682/692 | $729 | $667 | +$62 | +$166 | 01-20 15:40 |
| 2026-01-21 | Wednesday | 2026-01-23 | $680.13 | 670/680/680/690 | $633 | $680 | -$47 | +$119 | 01-21 15:40 |
| 2026-01-26 | Monday | 2026-01-30 | $691.71 | 682/692/692/702 | $659 | $671 | -$12 | +$107 | 01-26 15:40 |
| 2026-01-27 | Tuesday | 2026-01-30 | $693.58 | 684/694/694/704 | $617 | $654 | -$37 | +$70 | 01-27 15:40 |
| 2026-01-28 | Wednesday | 2026-01-30 | $697.13 | 687/697/697/707 | $587 | $522 | +$65 | +$135 | 01-28 15:40 |
| 2026-01-29 | Thursday | 2026-01-30 | $695.40 | 685/695/695/705 | $501 | $405 | +$96 | +$231 | 01-29 15:40 |
| 2026-02-02 | Monday | 2026-02-06 | $691.95 | 682/692/692/702 | $711 | $717 | -$6 | +$225 | 02-02 15:40 |
| 2026-02-04 | Wednesday | 2026-02-06 | $690.61 | 681/691/691/701 | $636 | $647 | -$11 | +$214 | 02-04 15:40 |
| 2026-02-05 | Thursday | 2026-02-06 | $682.49 | 672/682/682/692 | $696 | $606 | +$90 | +$304 | 02-05 15:40 |
| 2026-02-09 | Monday | 2026-02-13 | $691.14 | 681/691/691/701 | $712 | $706 | +$6 | +$310 | 02-09 15:40 |
| 2026-02-10 | Tuesday | 2026-02-13 | $694.38 | 684/694/694/704 | $660 | $593 | +$67 | +$377 | 02-10 15:40 |
| 2026-02-11 | Wednesday | 2026-02-13 | $695.31 | 685/695/695/705 | $562 | $498 | +$64 | +$441 | 02-11 15:40 |
| 2026-02-17 | Tuesday | 2026-02-20 | $682.48 | 672/682/682/692 | $734 | $708 | +$26 | +$467 | 02-17 15:40 |
| 2026-02-18 | Wednesday | 2026-02-20 | $684.25 | 674/684/684/694 | $698 | $648 | +$50 | +$517 | 02-18 15:40 |
| 2026-02-19 | Thursday | 2026-02-20 | $683.64 | 674/684/684/694 | $605 | $508 | +$97 | +$614 | 02-19 15:40 |
| 2026-02-23 | Monday | 2026-02-27 | $689.56 | 680/690/690/700 | $715 | $691 | +$24 | +$638 | 02-23 15:40 |
| 2026-02-24 | Tuesday | 2026-02-27 | $682.27 | 672/682/682/692 | $758 | $800 | -$42 | +$596 | 02-24 15:40 |
| 2026-02-25 | Wednesday | 2026-02-27 | $691.14 | 681/691/691/701 | $634 | $635 | -$1 | +$595 | 02-25 15:40 |
| 2026-02-26 | Thursday | 2026-02-27 | $692.19 | 682/692/692/702 | $507 | $398 | +$109 | +$704 | 02-26 15:40 |
| 2026-03-02 | Monday | 2026-03-06 | $681.00 | 671/681/681/691 | $801 | $804 | -$3 | +$701 | 03-02 15:40 |
| 2026-03-03 | Tuesday | 2026-03-06 | $675.76 | 666/676/676/686 | $773 | $816 | -$43 | +$658 | 03-03 15:40 |
| 2026-03-04 | Wednesday | 2026-03-06 | $681.02 | 671/681/681/691 | $724 | $753 | -$29 | +$629 | 03-04 15:40 |
| 2026-03-05 | Thursday | 2026-03-06 | $683.66 | 674/684/684/694 | $614 | $550 | +$64 | +$693 | 03-05 15:40 |
| 2026-03-09 | Monday | 2026-03-13 | $664.74 | 655/665/665/675 | $850 | $914 | -$64 | +$629 | 03-09 15:40 |
| 2026-03-10 | Tuesday | 2026-03-13 | $677.24 | 667/677/677/687 | $779 | $726 | +$53 | +$682 | 03-10 15:40 |
| 2026-03-11 | Wednesday | 2026-03-13 | $678.38 | 668/678/678/688 | $721 | $666 | +$55 | +$737 | 03-11 15:40 |
| 2026-03-12 | Thursday | 2026-03-13 | $671.36 | 661/671/671/681 | $660 | $597 | +$63 | +$800 | 03-12 15:40 |
| 2026-03-16 | Monday | 2026-03-20 | $669.02 | 659/669/669/679 | $826 | $798 | +$28 | +$828 | 03-16 15:40 |
| 2026-03-17 | Tuesday | 2026-03-20 | $673.90 | 664/674/674/684 | $738 | $692 | +$46 | +$874 | 03-17 15:40 |
| 2026-03-18 | Wednesday | 2026-03-20 | $669.08 | 659/669/669/679 | $714 | $691 | +$23 | +$897 | 03-18 15:40 |
| 2026-03-19 | Thursday | 2026-03-20 | $656.24 | 646/656/656/666 | $669 | $630 | +$39 | +$936 | 03-19 15:40 |
| 2026-03-23 | Monday | 2026-03-27 | $658.28 | 648/658/658/668 | $827 | $800 | +$27 | +$963 | 03-23 15:40 |
| 2026-03-24 | Tuesday | 2026-03-27 | $651.31 | 641/651/651/661 | $800 | $766 | +$34 | +$997 | 03-24 15:40 |
| 2026-03-25 | Wednesday | 2026-03-27 | $659.92 | 650/660/660/670 | $722 | $683 | +$39 | +$1,036 | 03-25 15:40 |
| 2026-03-26 | Thursday | 2026-03-27 | $650.81 | 641/651/651/661 | $653 | $619 | +$34 | +$1,070 | 03-26 15:40 |
| 2026-04-06 | Monday | 2026-04-10 | $656.56 | 647/657/657/667 | $795 | $777 | +$18 | +$1,088 | 04-06 15:40 |
| 2026-04-07 | Tuesday | 2026-04-10 | $655.19 | 645/655/655/665 | $781 | $813 | -$32 | +$1,056 | 04-07 15:40 |
| 2026-04-08 | Wednesday | 2026-04-10 | $675.42 | 665/675/675/685 | $606 | $582 | +$24 | +$1,080 | 04-08 15:40 |
| 2026-04-13 | Monday | 2026-04-17 | $677.25 | 667/677/677/687 | $714 | $794 | -$80 | +$1,000 | 04-13 15:40 |
| 2026-04-14 | Tuesday | 2026-04-17 | $689.04 | 679/689/689/699 | $607 | $701 | -$94 | +$906 | 04-14 15:40 |
| 2026-04-20 | Monday | 2026-04-24 | $708.60 | 699/709/709/719 | $699 | $679 | +$20 | +$926 | 04-20 15:40 |
| 2026-04-21 | Tuesday | 2026-04-24 | $709.04 | 699/709/709/719 | $674 | $677 | -$3 | +$923 | 04-21 15:40 |
| 2026-04-22 | Wednesday | 2026-04-24 | $708.88 | 699/709/709/719 | $600 | $561 | +$39 | +$962 | 04-22 15:40 |
| 2026-04-27 | Monday | 2026-05-01 | $714.36 | 704/714/714/724 | $735 | $719 | +$16 | +$978 | 04-27 15:40 |
| 2026-04-28 | Tuesday | 2026-05-01 | $712.05 | 702/712/712/722 | $710 | $675 | +$35 | +$1,013 | 04-28 15:40 |
| 2026-04-29 | Wednesday | 2026-05-01 | $710.55 | 701/711/711/721 | $683 | $675 | +$8 | +$1,021 | 04-29 15:40 |
| 2026-04-30 | Thursday | 2026-05-01 | $711.84 | 702/712/712/722 | $576 | $714 | -$138 | +$883 | 04-30 15:40 |
| 2026-05-04 | Monday | 2026-05-08 | $719.84 | 710/720/720/730 | $655 | $637 | +$18 | +$901 | 05-04 15:40 |
| 2026-05-05 | Tuesday | 2026-05-08 | $722.03 | 712/722/722/732 | $613 | $625 | -$12 | +$889 | 05-05 15:40 |
| 2026-05-11 | Monday | 2026-05-15 | $737.61 | 728/738/738/748 | $667 | $665 | +$2 | +$891 | 05-11 15:40 |
| 2026-05-12 | Tuesday | 2026-05-15 | $736.08 | 726/736/736/746 | $645 | $633 | +$12 | +$903 | 05-12 15:40 |
| 2026-05-13 | Wednesday | 2026-05-15 | $736.79 | 727/737/737/747 | $583 | $695 | -$112 | +$791 | 05-13 15:40 |
| 2026-05-14 | Thursday | 2026-05-15 | $745.32 | 735/745/745/755 | $504 | $520 | -$16 | +$775 | 05-14 15:40 |
| 2026-05-18 | Monday | 2026-05-22 | $738.72 | 729/739/739/749 | $709 | $708 | +$1 | +$776 | 05-18 15:40 |
| 2026-05-19 | Tuesday | 2026-05-22 | $735.36 | 725/735/735/745 | $686 | $670 | +$16 | +$792 | 05-19 15:40 |
| 2026-05-20 | Wednesday | 2026-05-22 | $734.89 | 725/735/735/745 | $664 | $713 | -$49 | +$743 | 05-20 15:40 |
| 2026-05-21 | Thursday | 2026-05-22 | $737.69 | 728/738/738/748 | $568 | $620 | -$52 | +$691 | 05-21 15:40 |
| 2026-05-26 | Tuesday | 2026-05-29 | $749.72 | 740/750/750/760 | $617 | $591 | +$26 | +$717 | 05-26 15:40 |
| 2026-05-27 | Wednesday | 2026-05-29 | $750.52 | 741/751/751/761 | $556 | $484 | +$72 | +$789 | 05-27 15:40 |
| 2026-06-02 | Tuesday | 2026-06-05 | $756.99 | 747/757/757/767 | $622 | $607 | +$15 | +$804 | 06-02 15:40 |
| 2026-06-08 | Monday | 2026-06-12 | $741.62 | 732/742/742/752 | $762 | $678 | +$84 | +$888 | 06-08 15:40 |
| 2026-06-09 | Tuesday | 2026-06-12 | $744.43 | 734/744/744/754 | $668 | $608 | +$60 | +$948 | 06-09 15:40 |
| 2026-06-10 | Wednesday | 2026-06-12 | $734.59 | 725/735/735/745 | $729 | $737 | -$8 | +$940 | 06-10 15:40 |
| 2026-06-11 | Thursday | 2026-06-12 | $727.26 | 717/727/727/737 | $695 | $836 | -$141 | +$799 | 06-11 15:40 |
| 2026-06-22 | Monday | 2026-06-26 | $749.80 | 740/750/750/760 | $655 | $645 | +$10 | +$809 | 06-22 15:40 |
| 2026-06-23 | Tuesday | 2026-06-26 | $734.38 | 724/734/734/744 | $752 | $743 | +$9 | +$818 | 06-23 15:40 |
| 2026-06-24 | Wednesday | 2026-06-26 | $736.34 | 726/736/736/746 | $685 | $656 | +$29 | +$847 | 06-24 15:40 |
| 2026-06-25 | Thursday | 2026-06-26 | $736.99 | 727/737/737/747 | $577 | $546 | +$31 | +$878 | 06-25 15:40 |
| 2026-07-08 | Wednesday | 2026-07-10 | $743.95 | 734/744/744/754 | $598 | $556 | +$42 | +$920 | 07-08 15:40 |
| 2026-07-14 | Tuesday | 2026-07-17 | $751.18 | 741/751/751/761 | $607 | $570 | +$37 | +$957 | 07-14 15:40 |
| 2026-07-20 | Monday | 2026-07-24 | $748.17 | 738/748/748/758 | $683 | $653 | +$30 | +$987 | 07-20 15:40 |
| 2026-07-21 | Tuesday | 2026-07-24 | $745.26 | 735/745/745/755 | $649 | $686 | -$37 | +$950 | 07-21 15:40 |
| 2026-07-22 | Wednesday | 2026-07-24 | $747.41 | 737/747/747/757 | $585 | $547 | +$38 | +$988 | 07-22 15:40 |
| 2026-07-23 | Thursday | 2026-07-24 | $741.42 | 731/741/741/751 | $556 | $519 | +$37 | +$1,025 | 07-23 15:40 |
| 2026-07-27 | Monday | 2026-07-31 | $744.97 | 735/745/745/755 | $709 | $703 | +$6 | +$1,031 | 07-27 15:40 |
| 2026-07-28 | Tuesday | 2026-07-31 | $737.79 | 728/738/738/748 | $740 | $757 | -$17 | +$1,014 | 07-28 15:40 |
| 2026-07-29 | Wednesday | 2026-07-31 | $739.89 | 730/740/740/750 | $735 | $703 | +$32 | +$1,046 | 07-29 15:40 |
| 2026-07-30 | Thursday | 2026-07-31 | $735.31 | 725/735/735/745 | $600 | $729 | -$129 | +$917 | 07-30 15:40 |
| 2026-08-05 | Wednesday | 2026-08-07 | $776.53 | 767/777/777/787 | $632 | $616 | +$16 | +$933 | 08-05 15:40 |
| 2026-08-06 | Thursday | 2026-08-07 | $769.71 | 760/770/770/780 | $521 | $426 | +$95 | +$1,028 | 08-06 15:40 |
| 2026-08-24 | Monday | 2026-08-28 | $763.36 | 753/763/763/773 | $658 | $650 | +$8 | +$1,036 | 08-24 15:40 |
| 2026-08-25 | Tuesday | 2026-08-28 | $766.18 | 756/766/766/776 | $629 | $603 | +$26 | +$1,062 | 08-25 15:40 |
| 2026-08-26 | Wednesday | 2026-08-28 | $765.53 | 756/766/766/776 | $590 | $580 | +$10 | +$1,072 | 08-26 15:40 |
| 2026-09-01 | Tuesday | 2026-09-04 | $761.76 | 752/762/762/772 | $612 | $613 | -$1 | +$1,071 | 09-01 15:40 |
| 2026-09-02 | Wednesday | 2026-09-04 | $762.45 | 752/762/762/772 | $572 | $580 | -$8 | +$1,063 | 09-02 15:40 |
| 2026-09-09 | Wednesday | 2026-09-11 | $763.83 | 754/764/764/774 | $573 | $549 | +$24 | +$1,087 | 09-09 15:40 |
| 2026-09-10 | Thursday | 2026-09-11 | $758.42 | 748/758/758/768 | $566 | $537 | +$29 | +$1,116 | 09-10 15:40 |