TQQQ Daily Iron Condor Backtest | AI Velocity

Daily Iron Condor TQQQ

Total P&L
+$19,440
Jan 1 → 2026-09-15
Win Rate
64.0%
71 wins / 38 losses
Total Trades
111
Mon–Thu daily entries
Potential Trading Days
176
Days a trade could occur
Avg P&L / Day
+$110
Across 176 trading days
Avg Annual Profit
+$27,835
Avg daily P&L × 252
Capital Required
$10,507
Avg max loss / trade
Avg Annual Return
264.9%
Annual profit / avg capital
Profit Factor
1.91
Gross wins / gross losses
Sharpe Ratio
2.74
Daily × √252 annualised
Max Drawdown
$5,280
Peak-to-trough equity
Payoff Ratio
1.02x
Avg win / avg loss

📈 Equity Curve

⚙️ Strategy Configuration

Ticker
TQQQ
Contracts
40
Structure
Iron Condor
Short Spread
±$6
Wing Width
$3
Entry Days
Mon–Thu
Entry Time
9:40 ET
Exit Time
14:20 ET
Expiry
Next Friday
Profit Target
+90%
Stop Loss
-80%

Trade Filters

FilterStatus
Short strangle ≥ 0.1% of TQQQ✔ Active
Avg credit ratio (traded days)0.124 (0.37/wing)
Avg short strangle % of TQQQ (traded days)1.044%

Strike Construction

LegStrikeActionRole
Long PutATM − $9BuyOuter put wing — defines max loss on downside
Short PutATM − $6SellShort put — lower body of condor
Short CallATM + $6SellShort call — upper body of condor
Long CallATM + $9BuyOuter call wing — defines max loss on upside

P&L Mechanics

Net credit at open (9:40 ET)Max profit = credit × 100 × 40 (if TQQQ stays between ±$6 of ATM)
TQQQ moves > $9 from ATMMax loss = ($3 − credit) × 100 × 40
Avg net credit collected$0.3732 per share
Auto-exit profit targetClose if P&L ≥ +90% of max profit
Auto-exit stop lossClose if P&L ≤ −80% of max profit

🚦 Exit Breakdown

Scheduled (14:20 ET)

96

Profit Target +90%

5

Stop Loss −80%

10

Total Trades

111

📊 Win / Loss Analysis

Win Rate Breakdown

Winners (71)64.0%
64.0%
Losers (38)36.0%
36.0%

P&L Breakdown

Average winner+$574
Average loser$-560
Best trade+$6,600 (2026-01-22)
Worst trade$-2,560 (2026-06-09)
Total gross wins+$40,720
Total gross losses$-21,280

⚠️ Risk Assessment

Max Drawdown

$5,280

Worst Single Loss

$-2,560

Avg Max Loss / Trade

$10,507

Profit Factor

1.91

Sharpe (Annualised)

2.74

Payoff Ratio

1.02x

💡 Key Insights

✅

Profitable Strategy

Total P&L of +$19,440 over 111 trades across Jan–2026-09-15. The iron condor's OTM structure collects premium on TQQQ while allowing a ±$6 buffer before max loss. TQQQ's implied volatility typically generates attractive short strangle premiums.

⚠️

Auto-Exit Applied at Exit Bar Only

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.

⚠️

TQQQ Wing Width Consideration

With TQQQ, a ±$3 wing on a $6 short spread is a moderate structure. Monitor earnings dates and macro events. Consider widening WING_WIDTH (±$4–$6) 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 111 trades.

📋 Full Trade Log (111 trades)

DateDayExpiryTQQQ OpenATM LP/SP/SC/LCCredit OpenCr/WingStrangle%Credit Close P&LCum P&LExit
2026-01-05 Monday 2026-01-09 $53.50 54 45/48/60/63 $0.1000 0.033 0.280% $0.0800 +$80 +$80 SCHED
2026-01-06 Tuesday 2026-01-09 $53.96 54 45/48/60/63 $0.0200 0.007 0.148% $0.0200 +$0 +$80 SCHED
2026-01-07 Wednesday 2026-01-09 $55.18 55 46/49/61/64 $0.1200 0.040 0.272% $0.0300 +$360 +$440 SCHED
2026-01-08 Thursday 2026-01-09 $54.17 54 45/48/60/63 $0.1600 0.053 0.351% $0.0100 +$600 +$1,040 ✓ PT90
2026-01-20 Tuesday 2026-01-23 $51.77 52 43/46/58/61 $0.1700 0.057 0.502% $0.1600 +$40 +$1,080 SCHED
2026-01-22 Thursday 2026-01-23 $53.98 54 45/48/60/63 $1.6500 0.550 3.112% $0.0000 +$6,600 +$7,680 ✓ PT90
2026-01-26 Monday 2026-01-30 $54.75 55 46/49/61/64 $0.1800 0.060 0.457% $0.0900 +$360 +$8,040 SCHED
2026-01-27 Tuesday 2026-01-30 $55.66 56 47/50/62/65 $0.1500 0.050 0.413% $0.0900 +$240 +$8,280 SCHED
2026-01-29 Thursday 2026-01-30 $56.27 56 47/50/62/65 $0.0700 0.023 0.195% $0.0300 +$160 +$8,440 SCHED
2026-02-02 Monday 2026-02-06 $54.13 54 45/48/60/63 $0.1600 0.053 0.591% $0.0800 +$320 +$8,760 SCHED
2026-02-03 Tuesday 2026-02-06 $54.92 55 46/49/61/64 $1.1400 0.380 2.258% $0.2700 +$3,480 +$12,240 SCHED
2026-02-04 Wednesday 2026-02-06 $51.94 52 43/46/58/61 $0.1500 0.050 0.424% $0.3200 $-680 +$11,560 ✗ SL80
2026-02-05 Thursday 2026-02-06 $49.20 49 40/43/55/58 $0.1000 0.033 0.407% $0.0500 +$200 +$11,760 SCHED
2026-02-09 Monday 2026-02-13 $50.45 50 41/44/56/59 $0.1600 0.053 0.595% $0.1400 +$80 +$11,840 SCHED
2026-02-10 Tuesday 2026-02-13 $51.67 52 43/46/58/61 $0.1300 0.043 0.445% $0.1800 $-200 +$11,640 SCHED
2026-02-11 Wednesday 2026-02-13 $51.81 52 43/46/58/61 $0.0300 0.010 0.174% $0.0000 +$120 +$11,760 ✓ PT90
2026-02-12 Thursday 2026-02-13 $51.86 52 43/46/58/61 $0.0300 0.010 0.135% $0.1100 $-320 +$11,440 ✗ SL80
2026-02-17 Tuesday 2026-02-20 $48.42 48 39/42/54/57 $0.1100 0.037 0.537% $0.0800 +$120 +$11,560 SCHED
2026-02-18 Wednesday 2026-02-20 $48.50 48 39/42/54/57 $0.0700 0.023 0.289% $0.0200 +$200 +$11,760 SCHED
2026-02-19 Thursday 2026-02-20 $48.56 49 40/43/55/58 $0.0600 0.020 0.185% $0.0100 +$200 +$11,960 SCHED
2026-02-23 Monday 2026-02-27 $49.58 50 41/44/56/59 $0.2300 0.077 0.766% $0.3300 $-400 +$11,560 SCHED
2026-02-24 Tuesday 2026-02-27 $48.44 48 39/42/54/57 $0.2100 0.070 0.557% $0.1000 +$440 +$12,000 SCHED
2026-02-25 Wednesday 2026-02-27 $51.03 51 42/45/57/60 $0.0900 0.030 0.274% $0.0700 +$80 +$12,080 SCHED
2026-03-02 Monday 2026-03-06 $48.40 48 39/42/54/57 $0.3200 0.107 0.930% $0.1400 +$720 +$12,800 SCHED
2026-03-03 Tuesday 2026-03-06 $47.15 47 38/41/53/56 $0.2200 0.073 0.891% $0.1100 +$440 +$13,240 SCHED
2026-03-04 Wednesday 2026-03-06 $48.84 49 40/43/55/58 $0.4100 0.137 0.962% $0.0500 +$1,440 +$14,680 SCHED
2026-03-09 Monday 2026-03-13 $45.98 46 37/40/52/55 $0.4000 0.133 1.544% $0.5400 $-560 +$14,120 SCHED
2026-03-10 Tuesday 2026-03-13 $49.49 49 40/43/55/58 $0.1400 0.047 0.445% $0.2000 $-240 +$13,880 SCHED
2026-03-11 Wednesday 2026-03-13 $50.06 50 41/44/56/59 $0.0700 0.023 0.340% $0.0100 +$240 +$14,120 SCHED
2026-03-12 Thursday 2026-03-13 $48.32 48 39/42/54/57 $0.2100 0.070 0.517% $0.0300 +$720 +$14,840 SCHED
2026-03-16 Monday 2026-03-20 $47.52 48 39/42/54/57 $0.2100 0.070 0.716% $0.2000 +$40 +$14,880 SCHED
2026-03-17 Tuesday 2026-03-20 $48.45 48 39/42/54/57 $0.0700 0.023 0.289% $0.0500 +$80 +$14,960 SCHED
2026-03-18 Wednesday 2026-03-20 $47.90 48 39/42/54/57 $0.0200 0.007 0.292% $0.1400 $-480 +$14,480 ✗ SL80
2026-03-19 Thursday 2026-03-20 $44.61 45 36/39/51/54 $0.2700 0.090 0.672% $0.0200 +$1,000 +$15,480 ✓ PT90
2026-03-23 Monday 2026-03-27 $45.37 45 36/39/51/54 $0.1500 0.050 0.529% $0.1600 $-40 +$15,440 SCHED
2026-03-24 Tuesday 2026-03-27 $43.58 44 35/38/50/53 $0.1500 0.050 0.505% $0.1000 +$200 +$15,640 SCHED
2026-03-25 Wednesday 2026-03-27 $44.98 45 36/39/51/54 $0.0300 0.010 0.356% $0.0200 +$40 +$15,680 SCHED
2026-03-26 Thursday 2026-03-27 $42.75 43 34/37/49/52 $0.0600 0.020 0.187% $0.0100 +$200 +$15,880 SCHED
2026-03-30 Monday 2026-04-10 $39.31 39 30/33/45/48 $0.4900 0.163 2.646% $0.6500 $-640 +$15,240 SCHED
2026-03-31 Tuesday 2026-04-10 $39.39 39 30/33/45/48 $0.4200 0.140 1.879% $0.5200 $-400 +$14,840 SCHED
2026-04-01 Wednesday 2026-04-10 $43.09 43 34/37/49/52 $0.2800 0.093 1.392% $0.3200 $-160 +$14,680 SCHED
2026-04-02 Thursday 2026-04-10 $40.49 40 31/34/46/49 $0.2400 0.080 1.383% $0.4500 $-840 +$13,840 ✗ SL80
2026-04-06 Monday 2026-04-10 $43.78 44 35/38/50/53 $0.1500 0.050 0.617% $0.1400 +$40 +$13,880 SCHED
2026-04-07 Tuesday 2026-04-10 $43.27 43 34/37/49/52 $0.1800 0.060 0.508% $0.0900 +$360 +$14,240 SCHED
2026-04-08 Wednesday 2026-04-10 $48.20 48 39/42/54/57 $0.0500 0.017 0.187% $0.0300 +$80 +$14,320 SCHED
2026-04-13 Monday 2026-04-17 $48.67 49 40/43/55/58 $0.1400 0.047 0.452% $0.0700 +$280 +$14,600 SCHED
2026-04-28 Tuesday 2026-05-01 $60.78 61 52/55/67/70 $0.3700 0.123 0.905% $0.2900 +$320 +$14,920 SCHED
2026-04-29 Wednesday 2026-05-01 $60.90 61 52/55/67/70 $0.2200 0.073 0.640% $0.2900 $-280 +$14,640 SCHED
2026-05-18 Monday 2026-05-22 $75.56 76 67/70/82/85 $0.7200 0.240 1.773% $0.8900 $-680 +$13,960 SCHED
2026-05-19 Tuesday 2026-05-22 $73.85 74 65/68/80/83 $0.4100 0.137 1.083% $0.4000 +$40 +$14,000 SCHED
2026-05-20 Wednesday 2026-05-22 $74.06 74 65/68/80/83 $0.4300 0.143 0.959% $0.4000 +$120 +$14,120 SCHED
2026-05-21 Thursday 2026-05-22 $75.10 75 66/69/81/84 $0.2900 0.097 0.479% $0.0400 +$1,000 +$15,120 SCHED
2026-05-26 Tuesday 2026-05-29 $80.22 80 71/74/86/89 $0.3300 0.110 0.773% $0.4100 $-320 +$14,800 SCHED
2026-05-27 Wednesday 2026-05-29 $81.86 82 73/76/88/91 $0.0700 0.023 0.623% $0.1500 $-320 +$14,480 ✗ SL80
2026-05-28 Thursday 2026-05-29 $81.13 81 72/75/87/90 $0.0800 0.027 0.210% $0.0600 +$80 +$14,560 SCHED
2026-06-01 Monday 2026-06-05 $84.95 85 76/79/91/94 $0.7800 0.260 1.436% $0.7100 +$280 +$14,840 SCHED
2026-06-02 Tuesday 2026-06-05 $85.13 85 76/79/91/94 $0.4200 0.140 0.881% $0.5600 $-560 +$14,280 SCHED
2026-06-04 Thursday 2026-06-05 $83.94 84 75/78/90/93 $0.2100 0.070 0.381% $0.0500 +$640 +$14,920 SCHED
2026-06-08 Monday 2026-06-12 $76.12 76 67/70/82/85 $0.8700 0.290 2.233% $0.7400 +$520 +$15,440 SCHED
2026-06-09 Tuesday 2026-06-12 $78.10 78 69/72/84/87 $0.5700 0.190 1.332% $1.2100 $-2,560 +$12,880 ✗ SL80
2026-06-10 Wednesday 2026-06-12 $72.51 73 64/67/79/82 $0.7800 0.260 2.303% $0.8600 $-320 +$12,560 SCHED
2026-06-11 Thursday 2026-06-12 $70.43 70 61/64/76/79 $0.4100 0.137 1.022% $0.8700 $-1,840 +$10,720 ✗ SL80
2026-06-15 Monday 2026-06-26 $83.14 83 74/77/89/92 $1.3500 0.450 4.366% $1.3800 $-120 +$10,600 SCHED
2026-06-16 Tuesday 2026-06-26 $83.96 84 75/78/90/93 $1.3300 0.443 4.133% $1.0700 +$1,040 +$11,640 SCHED
2026-06-17 Wednesday 2026-06-26 $80.75 81 72/75/87/90 $1.4300 0.477 3.951% $0.3800 +$4,200 +$15,840 SCHED
2026-06-18 Thursday 2026-06-26 $81.08 81 72/75/87/90 $0.9700 0.323 3.330% $1.1600 $-760 +$15,080 SCHED
2026-06-22 Monday 2026-06-26 $84.75 85 76/79/91/94 $0.8600 0.287 2.018% $0.7100 +$600 +$15,680 SCHED
2026-06-23 Tuesday 2026-06-26 $75.61 76 67/70/82/85 $0.8900 0.297 2.566% $0.9600 $-280 +$15,400 SCHED
2026-06-24 Wednesday 2026-06-26 $74.95 75 66/69/81/84 $0.6300 0.210 1.761% $0.7600 $-520 +$14,880 SCHED
2026-06-25 Thursday 2026-06-26 $76.79 77 68/71/83/86 $0.3400 0.113 0.716% $0.2000 +$560 +$15,440 SCHED
2026-06-29 Monday 2026-07-10 $74.62 75 66/69/81/84 $1.8800 0.627 5.602% $1.3800 +$2,000 +$17,440 SCHED
2026-06-30 Tuesday 2026-07-10 $78.37 78 69/72/84/87 $1.3400 0.447 4.275% $1.4100 $-280 +$17,160 SCHED
2026-07-01 Wednesday 2026-07-10 $77.63 78 69/72/84/87 $1.0000 0.333 3.439% $1.0600 $-240 +$16,920 SCHED
2026-07-02 Thursday 2026-07-10 $77.45 77 68/71/83/86 $0.8500 0.283 2.298% $1.3200 $-1,880 +$15,040 SCHED
2026-07-06 Monday 2026-07-10 $75.97 76 67/70/82/85 $0.5300 0.177 1.632% $0.5100 +$80 +$15,120 SCHED
2026-07-07 Tuesday 2026-07-10 $73.25 73 64/67/79/82 $0.5100 0.170 1.010% $0.4000 +$440 +$15,560 SCHED
2026-07-08 Wednesday 2026-07-10 $71.67 72 63/66/78/81 $0.3500 0.117 0.879% $0.2200 +$520 +$16,080 SCHED
2026-07-09 Thursday 2026-07-10 $75.68 76 67/70/82/85 $0.1900 0.063 0.423% $0.0300 +$640 +$16,720 SCHED
2026-07-13 Monday 2026-07-17 $73.86 74 65/68/80/83 $0.5300 0.177 1.408% $0.5900 $-240 +$16,480 SCHED
2026-07-14 Tuesday 2026-07-17 $74.92 75 66/69/81/84 $0.4100 0.137 1.028% $0.3100 +$400 +$16,880 SCHED
2026-07-15 Wednesday 2026-07-17 $75.73 76 67/70/82/85 $0.2200 0.073 0.581% $0.2400 $-80 +$16,800 SCHED
2026-07-16 Thursday 2026-07-17 $72.02 72 63/66/78/81 $0.0800 0.027 0.250% $0.1200 $-160 +$16,640 SCHED
2026-07-20 Monday 2026-07-24 $70.03 70 61/64/76/79 $0.4700 0.157 1.457% $0.4000 +$280 +$16,920 SCHED
2026-07-21 Tuesday 2026-07-24 $70.46 70 61/64/76/79 $0.5600 0.187 1.121% $0.3800 +$720 +$17,640 SCHED
2026-07-22 Wednesday 2026-07-24 $70.23 70 61/64/76/79 $0.3000 0.100 0.683% $0.2400 +$240 +$17,880 SCHED
2026-07-27 Monday 2026-07-31 $65.81 66 57/60/72/75 $0.7400 0.247 2.021% $1.1200 $-1,520 +$16,360 SCHED
2026-07-28 Tuesday 2026-07-31 $60.65 61 52/55/67/70 $0.8000 0.267 1.995% $0.5600 +$960 +$17,320 SCHED
2026-07-29 Wednesday 2026-07-31 $61.32 61 52/55/67/70 $0.4700 0.157 1.321% $0.2700 +$800 +$18,120 SCHED
2026-07-30 Thursday 2026-07-31 $61.25 61 52/55/67/70 $0.1400 0.047 0.343% $0.1000 +$160 +$18,280 SCHED
2026-08-03 Monday 2026-08-07 $65.25 65 56/59/71/74 $0.5500 0.183 1.349% $0.5900 $-160 +$18,120 SCHED
2026-08-04 Tuesday 2026-08-07 $71.49 71 62/65/77/80 $0.3800 0.127 0.797% $0.7400 $-1,440 +$16,680 ✗ SL80
2026-08-05 Wednesday 2026-08-07 $75.81 76 67/70/82/85 $0.4700 0.157 1.055% $0.4800 $-40 +$16,640 SCHED
2026-08-06 Thursday 2026-08-07 $71.22 71 62/65/77/80 $0.1300 0.043 0.267% $0.0100 +$480 +$17,120 ✓ PT90
2026-08-10 Monday 2026-08-14 $73.95 74 65/68/80/83 $0.4300 0.143 0.974% $0.2700 +$640 +$17,760 SCHED
2026-08-11 Tuesday 2026-08-14 $73.60 74 65/68/80/83 $0.2800 0.093 0.598% $0.2400 +$160 +$17,920 SCHED
2026-08-12 Wednesday 2026-08-14 $74.88 75 66/69/81/84 $0.1200 0.040 0.240% $0.0700 +$200 +$18,120 SCHED
2026-08-17 Monday 2026-08-21 $77.07 77 68/71/83/86 $0.2400 0.080 0.480% $0.1900 +$200 +$18,320 SCHED
2026-08-18 Tuesday 2026-08-21 $73.69 74 65/68/80/83 $0.1800 0.060 0.529% $0.1900 $-40 +$18,280 SCHED
2026-08-19 Wednesday 2026-08-21 $72.58 73 64/67/79/82 $0.1800 0.060 0.565% $0.0900 +$360 +$18,640 SCHED
2026-08-20 Thursday 2026-08-21 $71.44 71 62/65/77/80 $0.0600 0.020 0.140% $0.0400 +$80 +$18,720 SCHED
2026-08-24 Monday 2026-08-28 $68.87 69 60/63/75/78 $0.3400 0.113 0.842% $0.3400 +$0 +$18,720 SCHED
2026-08-25 Tuesday 2026-08-28 $70.57 71 62/65/77/80 $0.3400 0.113 0.694% $0.1500 +$760 +$19,480 SCHED
2026-08-26 Wednesday 2026-08-28 $70.00 70 61/64/76/79 $0.1900 0.063 0.400% $0.0900 +$400 +$19,880 SCHED
2026-08-31 Monday 2026-09-04 $71.15 71 62/65/77/80 $0.2800 0.093 0.562% $0.1500 +$520 +$20,400 SCHED
2026-09-01 Tuesday 2026-09-04 $68.78 69 60/63/75/78 $0.1500 0.050 0.349% $0.1300 +$80 +$20,480 SCHED
2026-09-02 Wednesday 2026-09-04 $68.87 69 60/63/75/78 $0.1300 0.043 0.276% $0.0500 +$320 +$20,800 SCHED
2026-09-08 Tuesday 2026-09-11 $72.40 72 63/66/78/81 $0.2200 0.073 0.483% $0.1500 +$280 +$21,080 SCHED
2026-09-09 Wednesday 2026-09-11 $71.75 72 63/66/78/81 $0.1300 0.043 0.307% $0.1200 +$40 +$21,120 SCHED
2026-09-10 Thursday 2026-09-11 $69.53 70 61/64/76/79 $0.0300 0.010 0.173% $0.0800 $-200 +$20,920 ✗ SL80
2026-09-14 Monday 2026-09-18 $67.38 67 58/61/73/76 $0.3000 0.100 0.861% $0.6000 $-1,200 +$19,720 ✗ SL80
2026-09-15 Tuesday 2026-09-18 $69.17 69 60/63/75/78 $0.1900 0.063 0.708% $0.2600 $-280 +$19,440 SCHED