| Filter | Status |
|---|---|
| Credit ratio ≥ 0.3 (1.50/wing) | ✔ Active |
| Net credit ≥ $0.75 | ✔ Active |
| Short strangle ≥ 0.2% of QQQ | ✔ Active |
| Short strangle ≤ 4.0% of QQQ | ✔ Active |
| Overnight gap ≤ 5.5% of prior close | ✔ Active |
| Low-IV trap: skip when strangle < 0.8% AND avg5_move > $4.50 | ✔ Active |
| Avg credit ratio (traded days) | 0.498 (2.49/wing) |
| Avg short strangle % of QQQ (traded days) | 1.078% |
| 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 QQQ stays between ±$10 of ATM) |
| QQQ moves > $15 from ATM | Max loss = ($5 − credit) × 100 × 40 |
| Avg net credit collected | $2.4901 per share |
| Auto-exit profit target | Close if P&L ≥ +90% of max profit |
| Auto-exit stop loss | Close if P&L ≤ −50% of max profit |
| Average winner | +$2,162 |
| Average loser | $-2,244 |
| Best trade | +$8,840 (2026-03-30) |
| Worst trade | $-6,960 (2026-03-09) |
| Total gross wins | +$108,080 |
| Total gross losses | $-62,820 |
Total P&L of +$45,260 over 79 trades across Jan–2026-09-15. The iron condor’s OTM structure collects premium on QQQ while allowing a ±$10 buffer before max loss. QQQ’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 QQQ, 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 79 trades.
| Date | Day | Expiry | QQQ 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 | $625.38 | 625 | 610/615/635/640 | $1.5000 | 0.300 | 0.483% | $1.4500 | +$200 | +$200 | SCHED |
| 2026-01-20 | Tuesday | 2026-01-23 | $611.58 | 612 | 597/602/622/627 | $2.0700 | 0.414 | 0.754% | $1.6900 | +$1,520 | +$1,720 | SCHED |
| 2026-01-26 | Monday | 2026-01-30 | $624.20 | 624 | 609/614/634/639 | $1.9100 | 0.382 | 0.687% | $2.1400 | $-920 | +$800 | SCHED |
| 2026-01-27 | Tuesday | 2026-01-30 | $627.85 | 628 | 613/618/638/643 | $1.5800 | 0.316 | 0.522% | $1.8800 | $-1,200 | $-400 | SCHED |
| 2026-02-02 | Monday | 2026-02-06 | $622.29 | 622 | 607/612/632/637 | $2.3400 | 0.468 | 0.786% | $1.7800 | +$2,240 | +$1,840 | SCHED |
| 2026-02-09 | Monday | 2026-02-13 | $609.03 | 609 | 594/599/619/624 | $3.4900 | 0.698 | 1.135% | $2.5700 | +$3,680 | +$5,520 | SCHED |
| 2026-02-17 | Tuesday | 2026-02-20 | $601.63 | 602 | 587/592/612/617 | $3.4600 | 0.692 | 1.129% | $2.1400 | +$5,280 | +$10,800 | SCHED |
| 2026-02-23 | Monday | 2026-02-27 | $606.79 | 607 | 592/597/617/622 | $2.1900 | 0.438 | 0.976% | $2.1700 | +$80 | +$10,880 | SCHED |
| 2026-02-24 | Tuesday | 2026-02-27 | $602.50 | 602 | 587/592/612/617 | $2.9200 | 0.584 | 1.097% | $2.6900 | +$920 | +$11,800 | SCHED |
| 2026-03-02 | Monday | 2026-03-06 | $603.36 | 603 | 588/593/613/618 | $4.7700 | 0.954 | 1.477% | $3.0300 | +$6,960 | +$18,760 | SCHED |
| 2026-03-03 | Tuesday | 2026-03-06 | $597.74 | 598 | 583/588/608/613 | $3.1800 | 0.636 | 1.298% | $2.7400 | +$1,760 | +$20,520 | SCHED |
| 2026-03-09 | Monday | 2026-03-13 | $593.40 | 593 | 578/583/603/608 | $3.4800 | 0.696 | 1.719% | $7.3300 | $-6,960 | +$13,560 | ✗ SL50 |
| 2026-03-10 | Tuesday | 2026-03-13 | $608.25 | 608 | 593/598/618/623 | $2.2500 | 0.450 | 0.825% | $1.6300 | +$2,480 | +$16,040 | SCHED |
| 2026-03-16 | Monday | 2026-03-20 | $600.38 | 600 | 585/590/610/615 | $2.4300 | 0.486 | 1.006% | $2.5500 | $-480 | +$15,560 | SCHED |
| 2026-03-17 | Tuesday | 2026-03-20 | $604.72 | 605 | 590/595/615/620 | $1.5700 | 0.314 | 0.574% | $1.3100 | +$1,040 | +$16,600 | SCHED |
| 2026-03-18 | Wednesday | 2026-03-20 | $602.28 | 602 | 587/592/612/617 | $1.6700 | 0.334 | 0.501% | $0.1000 | +$6,280 | +$22,880 | ✓ PT90 |
| 2026-03-24 | Tuesday | 2026-03-27 | $583.62 | 584 | 569/574/594/599 | $2.3700 | 0.474 | 1.013% | $2.1400 | +$920 | +$23,800 | SCHED |
| 2026-03-25 | Wednesday | 2026-03-27 | $590.37 | 590 | 575/580/600/605 | $1.5500 | 0.310 | 0.498% | $1.2700 | +$1,120 | +$24,920 | SCHED |
| 2026-03-30 | Monday | 2026-04-10 | $565.24 | 565 | 550/555/575/580 | $3.8000 | 0.760 | 2.893% | $1.5900 | +$8,840 | +$33,760 | SCHED |
| 2026-03-31 | Tuesday | 2026-04-10 | $565.58 | 566 | 551/556/576/581 | $3.1600 | 0.632 | 2.182% | $3.6300 | $-1,880 | +$31,880 | SCHED |
| 2026-04-01 | Wednesday | 2026-04-10 | $583.65 | 584 | 569/574/594/599 | $2.5100 | 0.502 | 1.659% | $2.8600 | $-1,400 | +$30,480 | SCHED |
| 2026-04-02 | Thursday | 2026-04-10 | $572.17 | 572 | 557/562/582/587 | $2.4100 | 0.482 | 1.737% | $3.8600 | $-4,820 | +$25,660 | ✗ SL50 |
| 2026-04-06 | Monday | 2026-04-10 | $586.22 | 586 | 571/576/596/601 | $2.3600 | 0.472 | 1.054% | $2.1800 | +$720 | +$26,380 | SCHED |
| 2026-04-07 | Tuesday | 2026-04-10 | $584.91 | 585 | 570/575/595/600 | $2.3500 | 0.470 | 1.033% | $3.1200 | $-3,080 | +$23,300 | SCHED |
| 2026-04-13 | Monday | 2026-04-17 | $608.84 | 609 | 594/599/619/624 | $1.8600 | 0.372 | 0.652% | $1.9400 | $-320 | +$22,980 | SCHED |
| 2026-04-20 | Monday | 2026-04-24 | $646.59 | 647 | 632/637/657/662 | $2.1900 | 0.438 | 0.841% | $1.8200 | +$1,480 | +$24,460 | SCHED |
| 2026-04-21 | Tuesday | 2026-04-24 | $646.72 | 647 | 632/637/657/662 | $1.5200 | 0.304 | 0.632% | $2.5500 | $-3,040 | +$21,420 | ✗ SL50 |
| 2026-04-28 | Tuesday | 2026-05-01 | $657.60 | 658 | 643/648/668/673 | $2.6200 | 0.524 | 0.988% | $2.0600 | +$2,240 | +$23,660 | SCHED |
| 2026-04-29 | Wednesday | 2026-05-01 | $658.07 | 658 | 643/648/668/673 | $1.9500 | 0.390 | 0.789% | $3.2800 | $-3,900 | +$19,760 | ✗ SL50 |
| 2026-05-04 | Monday | 2026-05-08 | $674.14 | 674 | 659/664/684/689 | $2.0500 | 0.410 | 0.749% | $1.7600 | +$1,160 | +$20,920 | SCHED |
| 2026-05-05 | Tuesday | 2026-05-08 | $679.35 | 679 | 664/669/689/694 | $1.5500 | 0.310 | 0.496% | $1.7100 | $-640 | +$20,280 | SCHED |
| 2026-05-11 | Monday | 2026-05-15 | $711.97 | 712 | 697/702/722/727 | $2.4400 | 0.488 | 0.994% | $1.8900 | +$2,200 | +$22,480 | SCHED |
| 2026-05-12 | Tuesday | 2026-05-15 | $708.52 | 709 | 694/699/719/724 | $2.0400 | 0.408 | 0.727% | $1.7100 | +$1,320 | +$23,800 | SCHED |
| 2026-05-13 | Wednesday | 2026-05-15 | $707.99 | 708 | 693/698/718/723 | $1.8200 | 0.364 | 0.575% | $2.3300 | $-2,040 | +$21,760 | SCHED |
| 2026-05-18 | Monday | 2026-05-22 | $709.79 | 710 | 695/700/720/725 | $2.7800 | 0.556 | 1.220% | $2.6900 | +$360 | +$22,120 | SCHED |
| 2026-05-19 | Tuesday | 2026-05-22 | $704.36 | 704 | 689/694/714/719 | $2.5200 | 0.504 | 1.007% | $1.3700 | +$4,600 | +$26,720 | SCHED |
| 2026-05-20 | Wednesday | 2026-05-22 | $705.06 | 705 | 690/695/715/720 | $2.3000 | 0.460 | 0.811% | $2.4400 | $-560 | +$26,160 | SCHED |
| 2026-05-27 | Wednesday | 2026-05-29 | $729.96 | 730 | 715/720/740/745 | $1.6700 | 0.334 | 0.506% | $1.1500 | +$2,080 | +$28,240 | SCHED |
| 2026-06-01 | Monday | 2026-06-05 | $739.40 | 739 | 724/729/749/754 | $2.2700 | 0.454 | 0.844% | $1.8000 | +$1,880 | +$30,120 | SCHED |
| 2026-06-02 | Tuesday | 2026-06-05 | $740.24 | 740 | 725/730/750/755 | $2.0500 | 0.410 | 0.663% | $2.1600 | $-440 | +$29,680 | SCHED |
| 2026-06-03 | Wednesday | 2026-06-05 | $746.76 | 747 | 732/737/757/762 | $1.6000 | 0.320 | 0.467% | $1.4000 | +$800 | +$30,480 | SCHED |
| 2026-06-08 | Monday | 2026-06-12 | $715.47 | 715 | 700/705/725/730 | $2.8800 | 0.576 | 1.441% | $2.7800 | +$400 | +$30,880 | SCHED |
| 2026-06-09 | Tuesday | 2026-06-12 | $721.82 | 722 | 707/712/732/737 | $2.3100 | 0.462 | 0.928% | $2.8500 | $-2,160 | +$28,720 | SCHED |
| 2026-06-10 | Wednesday | 2026-06-12 | $703.83 | 704 | 689/694/714/719 | $2.9400 | 0.588 | 1.482% | $5.0900 | $-5,880 | +$22,840 | ✗ SL50 |
| 2026-06-11 | Thursday | 2026-06-12 | $697.59 | 698 | 683/688/708/713 | $2.5100 | 0.502 | 1.015% | $3.2700 | $-3,040 | +$19,800 | SCHED |
| 2026-06-15 | Monday | 2026-06-26 | $738.88 | 739 | 724/729/749/754 | $3.2700 | 0.654 | 2.167% | $2.7500 | +$2,080 | +$21,880 | SCHED |
| 2026-06-16 | Tuesday | 2026-06-26 | $741.62 | 742 | 727/732/752/757 | $4.0700 | 0.814 | 2.029% | $2.9900 | +$4,320 | +$26,200 | SCHED |
| 2026-06-17 | Wednesday | 2026-06-26 | $732.41 | 732 | 717/722/742/747 | $2.8700 | 0.574 | 2.064% | $3.1400 | $-1,080 | +$25,120 | SCHED |
| 2026-06-18 | Thursday | 2026-06-26 | $733.87 | 734 | 719/724/744/749 | $3.2800 | 0.656 | 1.792% | $3.4200 | $-560 | +$24,560 | SCHED |
| 2026-06-22 | Monday | 2026-06-26 | $744.30 | 744 | 729/734/754/759 | $2.5700 | 0.514 | 1.165% | $2.4500 | +$480 | +$25,040 | SCHED |
| 2026-06-23 | Tuesday | 2026-06-26 | $717.22 | 717 | 702/707/727/732 | $4.1500 | 0.830 | 1.730% | $3.2500 | +$3,600 | +$28,640 | SCHED |
| 2026-06-24 | Wednesday | 2026-06-26 | $715.90 | 716 | 701/706/726/731 | $2.8100 | 0.562 | 1.239% | $7.4100 | $-5,620 | +$23,020 | ✗ SL50 |
| 2026-06-29 | Monday | 2026-07-10 | $715.46 | 715 | 700/705/725/730 | $4.8600 | 0.972 | 2.836% | $3.7500 | +$4,440 | +$27,460 | SCHED |
| 2026-06-30 | Tuesday | 2026-07-10 | $727.64 | 728 | 713/718/738/743 | $3.9400 | 0.788 | 2.235% | $3.9400 | +$-0 | +$27,460 | SCHED |
| 2026-07-01 | Wednesday | 2026-07-10 | $725.95 | 726 | 711/716/736/741 | $2.6600 | 0.532 | 1.916% | $3.1500 | $-1,960 | +$25,500 | SCHED |
| 2026-07-02 | Thursday | 2026-07-10 | $725.34 | 725 | 710/715/735/740 | $3.2700 | 0.654 | 1.530% | $2.6800 | +$2,360 | +$27,860 | SCHED |
| 2026-07-06 | Monday | 2026-07-10 | $721.12 | 721 | 706/711/731/736 | $3.1600 | 0.632 | 1.201% | $2.0500 | +$4,440 | +$32,300 | SCHED |
| 2026-07-07 | Tuesday | 2026-07-10 | $712.79 | 713 | 698/703/723/728 | $1.8200 | 0.364 | 0.802% | $2.8100 | $-3,640 | +$28,660 | ✗ SL50 |
| 2026-07-08 | Wednesday | 2026-07-10 | $707.79 | 708 | 693/698/718/723 | $1.7700 | 0.354 | 0.777% | $1.8300 | $-240 | +$28,420 | SCHED |
| 2026-07-13 | Monday | 2026-07-17 | $715.59 | 716 | 701/706/726/731 | $2.5800 | 0.516 | 1.038% | $2.3400 | +$960 | +$29,380 | SCHED |
| 2026-07-14 | Tuesday | 2026-07-17 | $719.08 | 719 | 704/709/729/734 | $2.5300 | 0.506 | 0.890% | $2.5100 | +$80 | +$29,460 | SCHED |
| 2026-07-15 | Wednesday | 2026-07-17 | $721.70 | 722 | 707/712/732/737 | $1.6800 | 0.336 | 0.514% | $1.3800 | +$1,200 | +$30,660 | SCHED |
| 2026-07-20 | Monday | 2026-07-24 | $704.44 | 704 | 689/694/714/719 | $2.6100 | 0.522 | 1.109% | $2.0600 | +$2,200 | +$32,860 | SCHED |
| 2026-07-21 | Tuesday | 2026-07-24 | $705.39 | 705 | 690/695/715/720 | $2.5100 | 0.502 | 0.964% | $3.0500 | $-2,160 | +$30,700 | SCHED |
| 2026-07-22 | Wednesday | 2026-07-24 | $705.16 | 705 | 690/695/715/720 | $1.9900 | 0.398 | 0.679% | $1.6200 | +$1,480 | +$32,180 | SCHED |
| 2026-07-23 | Thursday | 2026-07-24 | $697.10 | 697 | 682/687/707/712 | $1.5600 | 0.312 | 0.463% | $1.5000 | +$240 | +$32,420 | SCHED |
| 2026-07-27 | Monday | 2026-07-31 | $690.64 | 691 | 676/681/701/706 | $1.9900 | 0.398 | 1.429% | $2.4400 | $-1,800 | +$30,620 | SCHED |
| 2026-07-28 | Tuesday | 2026-07-31 | $672.37 | 672 | 657/662/682/687 | $3.7100 | 0.742 | 1.554% | $2.8600 | +$3,400 | +$34,020 | SCHED |
| 2026-07-29 | Wednesday | 2026-07-31 | $675.07 | 675 | 660/665/685/690 | $2.9500 | 0.590 | 1.286% | $2.6400 | +$1,240 | +$35,260 | SCHED |
| 2026-08-03 | Monday | 2026-08-07 | $690.47 | 690 | 675/680/700/705 | $2.6100 | 0.522 | 1.172% | $3.1000 | $-1,960 | +$33,300 | SCHED |
| 2026-08-10 | Monday | 2026-08-14 | $721.23 | 721 | 706/711/731/736 | $2.6300 | 0.526 | 0.836% | $2.1500 | +$1,920 | +$35,220 | SCHED |
| 2026-08-12 | Wednesday | 2026-08-14 | $724.53 | 725 | 710/715/735/740 | $1.6700 | 0.334 | 0.359% | $0.8600 | +$3,240 | +$38,460 | SCHED |
| 2026-08-17 | Monday | 2026-08-21 | $732.10 | 732 | 717/722/742/747 | $2.0600 | 0.412 | 0.553% | $1.5400 | +$2,080 | +$40,540 | SCHED |
| 2026-08-24 | Monday | 2026-08-28 | $706.03 | 706 | 691/696/716/721 | $2.3900 | 0.478 | 0.788% | $2.2000 | +$760 | +$41,300 | SCHED |
| 2026-08-25 | Tuesday | 2026-08-28 | $712.07 | 712 | 697/702/722/727 | $1.9300 | 0.386 | 0.633% | $1.7000 | +$920 | +$42,220 | SCHED |
| 2026-08-31 | Monday | 2026-09-04 | $714.18 | 714 | 699/704/724/729 | $2.3900 | 0.478 | 0.640% | $1.6900 | +$2,800 | +$45,020 | SCHED |
| 2026-09-01 | Tuesday | 2026-09-04 | $706.58 | 707 | 692/697/717/722 | $1.5200 | 0.304 | 0.466% | $1.4600 | +$240 | +$45,260 | SCHED |
| 2026-09-14 | Monday | 2026-09-18 | $702.86 | 703 | 688/693/713/718 | $2.1200 | 0.424 | 0.810% | $1.8600 | +$1,040 | +$46,300 | SCHED |
| 2026-09-15 | Tuesday | 2026-09-18 | $708.96 | 709 | 694/699/719/724 | $1.6000 | 0.320 | 0.614% | $1.8600 | $-1,040 | +$45,260 | SCHED |