| Filter | Status |
|---|---|
| Short strangle ≥ 0.1% of IWM | ✔ Active |
| Avg credit ratio (traded days) | 0.112 (0.56/wing) |
| Avg short strangle % of IWM (traded days) | 0.335% |
| Leg | Strike | Action | Role |
|---|---|---|---|
| Long Put | ATM − $15 | Buy | Outer put wing — defines max loss on downside |
| Short Put | ATM − $10 | Sell | Short put — lower body of condor |
| Short Call | ATM + $10 | Sell | Short call — upper body of condor |
| Long Call | ATM + $15 | Buy | Outer call wing — defines max loss on upside |
| Net credit at open (9:40 ET) | Max profit = credit × 100 × 40 (if IWM stays between ±$10 of ATM) |
| IWM moves > $15 from ATM | Max loss = ($5 − credit) × 100 × 40 |
| Avg net credit collected | $0.5582 per share |
| Auto-exit profit target | Close if P&L ≥ +90% of max profit |
| Auto-exit stop loss | Close if P&L ≤ −80% of max profit |
| Average winner | +$616 |
| Average loser | $-915 |
| Best trade | +$2,560 (2026-06-17) |
| Worst trade | $-3,800 (2026-06-09) |
| Total gross wins | +$33,280 |
| Total gross losses | $-14,640 |
Total P&L of +$18,640 over 73 trades across Jan–2026-09-15. The iron condor's OTM structure collects premium on IWM while allowing a ±$10 buffer before max loss. IWM's implied volatility typically generates attractive short strangle premiums.
The live script monitors positions every 5 minutes and can exit intraday. This backtest applies +90%/−80% thresholds at the 14:20 ET bar close only, understating how often stops would trigger intraday. Real performance may differ.
With IWM, a ±$5 wing on a $10 short spread is a moderate structure. Monitor earnings dates and macro events. Consider widening WING_WIDTH (±$7–$10) or reducing QTY for live trading.
📋 Full Trade Log is not displayed on mobile devices to prevent page freezing. View this report on a desktop browser to see all 73 trades.
| Date | Day | Expiry | IWM Open | ATM | LP/SP/SC/LC | Credit Open | Cr/Wing | Strangle% | Credit Close | P&L | Cum P&L | Exit |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-01-12 | Monday | 2026-01-16 | $259.32 | 259 | 244/249/269/274 | $0.2500 | 0.050 | 0.147% | $0.2400 | +$40 | +$40 | SCHED |
| 2026-01-20 | Tuesday | 2026-01-23 | $263.11 | 263 | 248/253/273/278 | $0.2500 | 0.050 | 0.148% | $0.1600 | +$360 | +$400 | SCHED |
| 2026-01-26 | Monday | 2026-01-30 | $265.10 | 265 | 250/255/275/280 | $0.4100 | 0.082 | 0.230% | $0.2900 | +$480 | +$880 | SCHED |
| 2026-01-27 | Tuesday | 2026-01-30 | $263.07 | 263 | 248/253/273/278 | $0.2800 | 0.056 | 0.156% | $0.1400 | +$560 | +$1,440 | SCHED |
| 2026-02-02 | Monday | 2026-02-06 | $260.77 | 261 | 246/251/271/276 | $0.5100 | 0.102 | 0.276% | $0.1900 | +$1,280 | +$2,720 | SCHED |
| 2026-02-05 | Thursday | 2026-02-06 | $259.85 | 260 | 245/250/270/275 | $0.2400 | 0.048 | 0.123% | $0.2300 | +$40 | +$2,760 | SCHED |
| 2026-02-09 | Monday | 2026-02-13 | $264.20 | 264 | 249/254/274/279 | $0.5300 | 0.106 | 0.348% | $0.5000 | +$120 | +$2,880 | SCHED |
| 2026-02-17 | Tuesday | 2026-02-20 | $262.63 | 263 | 248/253/273/278 | $0.5000 | 0.100 | 0.305% | $0.3500 | +$600 | +$3,480 | SCHED |
| 2026-02-18 | Wednesday | 2026-02-20 | $264.09 | 264 | 249/254/274/279 | $0.2700 | 0.054 | 0.155% | $0.1400 | +$520 | +$4,000 | SCHED |
| 2026-02-23 | Monday | 2026-02-27 | $263.96 | 264 | 249/254/274/279 | $0.6000 | 0.120 | 0.364% | $0.8800 | $-1,120 | +$2,880 | SCHED |
| 2026-02-24 | Tuesday | 2026-02-27 | $261.35 | 261 | 246/251/271/276 | $0.6800 | 0.136 | 0.329% | $0.2300 | +$1,800 | +$4,680 | SCHED |
| 2026-03-02 | Monday | 2026-03-06 | $259.40 | 259 | 244/249/269/274 | $1.0700 | 0.214 | 0.621% | $0.9500 | +$480 | +$5,160 | SCHED |
| 2026-03-03 | Tuesday | 2026-03-06 | $256.28 | 256 | 241/246/266/271 | $0.7200 | 0.144 | 0.476% | $0.6700 | +$200 | +$5,360 | SCHED |
| 2026-03-04 | Wednesday | 2026-03-06 | $259.68 | 260 | 245/250/270/275 | $0.5500 | 0.110 | 0.281% | $0.1700 | +$1,520 | +$6,880 | SCHED |
| 2026-03-05 | Thursday | 2026-03-06 | $259.31 | 259 | 244/249/269/274 | $0.1900 | 0.038 | 0.100% | $0.3500 | $-640 | +$6,240 | ✗ SL80 |
| 2026-03-10 | Tuesday | 2026-03-13 | $252.94 | 253 | 238/243/263/268 | $0.7800 | 0.156 | 0.486% | $0.7700 | +$40 | +$6,280 | SCHED |
| 2026-03-11 | Wednesday | 2026-03-13 | $252.19 | 252 | 237/242/262/267 | $0.4000 | 0.080 | 0.289% | $0.2800 | +$480 | +$6,760 | SCHED |
| 2026-03-16 | Monday | 2026-03-20 | $250.45 | 250 | 235/240/260/265 | $0.9400 | 0.188 | 0.595% | $0.7700 | +$680 | +$7,440 | SCHED |
| 2026-03-17 | Tuesday | 2026-03-20 | $250.96 | 251 | 236/241/261/266 | $0.6100 | 0.122 | 0.343% | $0.4500 | +$640 | +$8,080 | SCHED |
| 2026-03-18 | Wednesday | 2026-03-20 | $248.51 | 249 | 234/239/259/264 | $0.3700 | 0.074 | 0.233% | $0.1400 | +$920 | +$9,000 | SCHED |
| 2026-03-19 | Thursday | 2026-03-20 | $243.72 | 244 | 229/234/254/259 | $0.1700 | 0.034 | 0.119% | $0.1900 | $-80 | +$8,920 | SCHED |
| 2026-03-23 | Monday | 2026-03-27 | $247.30 | 247 | 232/237/257/262 | $0.9000 | 0.180 | 0.598% | $0.8700 | +$120 | +$9,040 | SCHED |
| 2026-03-24 | Tuesday | 2026-03-27 | $245.80 | 246 | 231/236/256/261 | $0.7800 | 0.156 | 0.537% | $0.9300 | $-600 | +$8,440 | SCHED |
| 2026-03-25 | Wednesday | 2026-03-27 | $252.44 | 252 | 237/242/262/267 | $0.7400 | 0.148 | 0.353% | $0.2700 | +$1,880 | +$10,320 | SCHED |
| 2026-04-01 | Wednesday | 2026-04-10 | $251.25 | 251 | 236/241/261/266 | $1.8600 | 0.372 | 1.305% | $1.4900 | +$1,480 | +$11,800 | SCHED |
| 2026-04-02 | Thursday | 2026-04-10 | $244.89 | 245 | 230/235/255/260 | $1.7000 | 0.340 | 1.233% | $1.6700 | +$120 | +$11,920 | SCHED |
| 2026-04-06 | Monday | 2026-04-10 | $251.64 | 252 | 237/242/262/267 | $0.8900 | 0.178 | 0.568% | $0.7200 | +$680 | +$12,600 | SCHED |
| 2026-04-07 | Tuesday | 2026-04-10 | $250.45 | 250 | 235/240/260/265 | $0.8100 | 0.162 | 0.499% | $1.1900 | $-1,520 | +$11,080 | SCHED |
| 2026-04-08 | Wednesday | 2026-04-10 | $261.41 | 261 | 246/251/271/276 | $0.2500 | 0.050 | 0.153% | $0.2200 | +$120 | +$11,200 | SCHED |
| 2026-04-13 | Monday | 2026-04-17 | $260.42 | 260 | 245/250/270/275 | $0.4400 | 0.088 | 0.246% | $0.4900 | $-200 | +$11,000 | SCHED |
| 2026-04-14 | Tuesday | 2026-04-17 | $267.11 | 267 | 252/257/277/282 | $0.1900 | 0.038 | 0.120% | $0.1300 | +$240 | +$11,240 | SCHED |
| 2026-04-20 | Monday | 2026-04-24 | $274.84 | 275 | 260/265/285/290 | $0.5200 | 0.104 | 0.291% | $0.4700 | +$200 | +$11,440 | SCHED |
| 2026-04-21 | Tuesday | 2026-04-24 | $278.50 | 278 | 263/268/288/293 | $0.3700 | 0.074 | 0.208% | $0.4300 | $-240 | +$11,200 | SCHED |
| 2026-04-22 | Wednesday | 2026-04-24 | $277.80 | 278 | 263/268/288/293 | $0.2200 | 0.044 | 0.130% | $0.1400 | +$320 | +$11,520 | SCHED |
| 2026-04-27 | Monday | 2026-05-01 | $277.82 | 278 | 263/268/288/293 | $0.4800 | 0.096 | 0.277% | $0.3800 | +$400 | +$11,920 | SCHED |
| 2026-04-28 | Tuesday | 2026-05-01 | $276.50 | 276 | 261/266/286/291 | $0.3100 | 0.062 | 0.170% | $0.2500 | +$240 | +$12,160 | SCHED |
| 2026-05-04 | Monday | 2026-05-08 | $278.25 | 278 | 263/268/288/293 | $0.4600 | 0.092 | 0.244% | $0.5400 | $-320 | +$11,840 | SCHED |
| 2026-05-05 | Tuesday | 2026-05-08 | $280.60 | 281 | 266/271/291/296 | $0.4400 | 0.088 | 0.214% | $0.2300 | +$840 | +$12,680 | SCHED |
| 2026-05-11 | Monday | 2026-05-15 | $284.90 | 285 | 270/275/295/300 | $0.4400 | 0.088 | 0.249% | $0.4000 | +$160 | +$12,840 | SCHED |
| 2026-05-12 | Tuesday | 2026-05-15 | $282.60 | 283 | 268/273/293/298 | $0.3200 | 0.064 | 0.188% | $0.2100 | +$440 | +$13,280 | SCHED |
| 2026-05-18 | Monday | 2026-05-22 | $276.67 | 277 | 262/267/287/292 | $0.8300 | 0.166 | 0.401% | $0.6200 | +$840 | +$14,120 | SCHED |
| 2026-05-19 | Tuesday | 2026-05-22 | $273.06 | 273 | 258/263/283/288 | $0.3300 | 0.066 | 0.187% | $0.2700 | +$240 | +$14,360 | SCHED |
| 2026-05-27 | Wednesday | 2026-05-29 | $290.22 | 290 | 275/280/300/305 | $0.2500 | 0.050 | 0.114% | $0.0900 | +$640 | +$15,000 | SCHED |
| 2026-06-01 | Monday | 2026-06-05 | $288.10 | 288 | 273/278/298/303 | $0.4700 | 0.094 | 0.253% | $0.3700 | +$400 | +$15,400 | SCHED |
| 2026-06-02 | Tuesday | 2026-06-05 | $290.94 | 291 | 276/281/301/306 | $0.2700 | 0.054 | 0.144% | $0.2000 | +$280 | +$15,680 | SCHED |
| 2026-06-03 | Wednesday | 2026-06-05 | $288.80 | 289 | 274/279/299/304 | $0.3200 | 0.064 | 0.139% | $0.1100 | +$840 | +$16,520 | SCHED |
| 2026-06-08 | Monday | 2026-06-12 | $284.07 | 284 | 269/274/294/299 | $0.8000 | 0.160 | 0.429% | $0.6000 | +$800 | +$17,320 | SCHED |
| 2026-06-09 | Tuesday | 2026-06-12 | $288.99 | 289 | 274/279/299/304 | $0.1900 | 0.038 | 0.163% | $1.1400 | $-3,800 | +$13,520 | ✗ SL80 |
| 2026-06-10 | Wednesday | 2026-06-12 | $287.05 | 287 | 272/277/297/302 | $0.9200 | 0.184 | 0.456% | $0.8500 | +$280 | +$13,800 | SCHED |
| 2026-06-11 | Thursday | 2026-06-12 | $285.06 | 285 | 270/275/295/300 | $0.3500 | 0.070 | 0.175% | $0.4800 | $-520 | +$13,280 | SCHED |
| 2026-06-15 | Monday | 2026-06-26 | $297.09 | 297 | 282/287/307/312 | $1.0200 | 0.204 | 0.899% | $1.1700 | $-600 | +$12,680 | SCHED |
| 2026-06-16 | Tuesday | 2026-06-26 | $296.24 | 296 | 281/286/306/311 | $1.4600 | 0.292 | 0.827% | $1.3200 | +$560 | +$13,240 | SCHED |
| 2026-06-17 | Wednesday | 2026-06-26 | $294.08 | 294 | 279/284/304/309 | $1.1200 | 0.224 | 0.714% | $0.4800 | +$2,560 | +$15,800 | SCHED |
| 2026-06-18 | Thursday | 2026-06-26 | $293.67 | 294 | 279/284/304/309 | $1.1500 | 0.230 | 0.633% | $0.8200 | +$1,320 | +$17,120 | SCHED |
| 2026-06-22 | Monday | 2026-06-26 | $298.53 | 299 | 284/289/309/314 | $0.4700 | 0.094 | 0.255% | $0.4700 | +$0 | +$17,120 | SCHED |
| 2026-06-23 | Tuesday | 2026-06-26 | $294.03 | 294 | 279/284/304/309 | $0.7700 | 0.154 | 0.401% | $0.4700 | +$1,200 | +$18,320 | SCHED |
| 2026-06-24 | Wednesday | 2026-06-26 | $296.25 | 296 | 281/286/306/311 | $0.4300 | 0.086 | 0.172% | $0.1800 | +$1,000 | +$19,320 | SCHED |
| 2026-06-29 | Monday | 2026-07-10 | $298.09 | 298 | 283/288/308/313 | $1.1900 | 0.238 | 0.872% | $1.1600 | +$120 | +$19,440 | SCHED |
| 2026-06-30 | Tuesday | 2026-07-10 | $297.76 | 298 | 283/288/308/313 | $0.9500 | 0.190 | 0.621% | $0.8900 | +$240 | +$19,680 | SCHED |
| 2026-07-01 | Wednesday | 2026-07-10 | $299.10 | 299 | 284/289/309/314 | $0.4300 | 0.086 | 0.341% | $0.6300 | $-800 | +$18,880 | SCHED |
| 2026-07-02 | Thursday | 2026-07-10 | $300.46 | 300 | 285/290/310/315 | $0.5900 | 0.118 | 0.310% | $1.1000 | $-2,040 | +$16,840 | ✗ SL80 |
| 2026-07-06 | Monday | 2026-07-10 | $299.15 | 299 | 284/289/309/314 | $0.3200 | 0.064 | 0.170% | $0.2100 | +$440 | +$17,280 | SCHED |
| 2026-07-13 | Monday | 2026-07-17 | $295.02 | 295 | 280/285/305/310 | $0.3400 | 0.068 | 0.180% | $0.5000 | $-640 | +$16,640 | SCHED |
| 2026-07-14 | Tuesday | 2026-07-17 | $295.75 | 296 | 281/286/306/311 | $0.2300 | 0.046 | 0.132% | $0.1200 | +$440 | +$17,080 | SCHED |
| 2026-07-15 | Wednesday | 2026-07-17 | $295.11 | 295 | 280/285/305/310 | $0.3300 | 0.066 | 0.132% | $0.0300 | +$1,200 | +$18,280 | ✓ PT90 |
| 2026-07-20 | Monday | 2026-07-24 | $295.44 | 295 | 280/285/305/310 | $0.2800 | 0.056 | 0.156% | $0.4200 | $-560 | +$17,720 | SCHED |
| 2026-07-27 | Monday | 2026-07-31 | $295.37 | 295 | 280/285/305/310 | $0.2600 | 0.052 | 0.213% | $0.5000 | $-960 | +$16,760 | ✗ SL80 |
| 2026-07-28 | Tuesday | 2026-07-31 | $292.08 | 292 | 277/282/302/307 | $0.3900 | 0.078 | 0.216% | $0.3900 | +$-0 | +$16,760 | SCHED |
| 2026-07-29 | Wednesday | 2026-07-31 | $293.23 | 293 | 278/283/303/308 | $0.3800 | 0.076 | 0.194% | $0.3200 | +$240 | +$17,000 | SCHED |
| 2026-08-03 | Monday | 2026-08-07 | $293.73 | 294 | 279/284/304/309 | $0.3400 | 0.068 | 0.170% | $0.1500 | +$760 | +$17,760 | SCHED |
| 2026-08-24 | Monday | 2026-08-28 | $298.67 | 299 | 284/289/309/314 | $0.2700 | 0.054 | 0.151% | $0.1900 | +$320 | +$18,080 | SCHED |
| 2026-09-14 | Monday | 2026-09-18 | $288.35 | 288 | 273/278/298/303 | $0.4800 | 0.096 | 0.295% | $0.3400 | +$560 | +$18,640 | SCHED |
| 2026-09-15 | Tuesday | 2026-09-18 | $285.79 | 286 | 271/276/296/301 | $0.3800 | 0.076 | 0.217% | $0.3800 | +$0 | +$18,640 | SCHED |