| Buy call @ 1.02× price (lower strike) | Pay premium — long leg, bullish |
| Sell call @ 1.05× price (higher strike) | Collect premium — caps max profit |
| Net debit paid at open | Max loss = debit × 100 × qty |
| Profits when XLK rises above long call strike | Max profit = (width − debit) × 100 × qty |
| Average winner | +$1,803 |
| Average loser | $-659 |
| Best trade | +$4,490 (2025-11-24) |
| Worst trade | $-2,440 (2024-07-29) |
| Total gross wins | +$73,940 |
| Total gross losses | $-44,780 |
| Metric | Value | Notes |
|---|---|---|
| Risk per trade (max) | $890 avg | Net debit paid — defined risk |
| Max profit per trade | $5,257 avg | Width minus debit |
| Max drawdown | $8,180 | Peak-to-trough cumulative |
| Best single trade | +$4,490 | 2025-11-24 open |
| Worst single trade | $-2,440 | 2024-07-29 open |
Total P&L of +$29,160 over 109 trades — the bullish directional bias aligned with XLK's multi-year performance.
Only 37.6% win rate. A payoff ratio of 2.74x must compensate — check whether winners outsize losers sufficiently.
The debit paid is the maximum loss per trade. Multiple losing weeks can erode capital quickly. Directional accuracy is required to generate a profit with this structure.
XLK tracks large-cap tech. Macro sensitivity (rates, AI earnings cycles) can cause sharp intraweek reversals that hurt a Mon–Thu hold window even in a broadly bullish year.
All pricing uses real OPRA options bar data from Alpaca (feed=opra). Entry = Monday bar open; Exit = Thursday bar close. No commissions, slippage, pin risk, or early-exercise risk are modelled. Actual results will differ.
📋 Full Trade Log is not displayed on mobile devices to prevent page freezing. View this report on a desktop browser to see all 109 trades.
| Open Date | Close Date | Expiry | S Open | S Close | Long K / Short K | Width | Net Debit | Close Value | P&L | Cum P&L |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024-01-29 | 2024-02-01 | 2024-02-02 | $201.93 | $200.13 | 205 / 210 | 5 | $0.9800 | $0.0900 | $-890 | $-890 |
| 2024-02-26 | 2024-02-29 | 2024-03-01 | $206.18 | $207.09 | 210 / 215 | 5 | $0.3600 | $0.0300 | $-330 | $-1,220 |
| 2024-03-04 | 2024-03-07 | 2024-03-08 | $210.47 | $210.49 | 215 / 220 | 5 | $0.0100 | $0.0800 | +$70 | $-1,150 |
| 2024-03-11 | 2024-03-14 | 2024-03-15 | $206.20 | $208.80 | 210 / 215 | 5 | $1.3400 | $0.4500 | $-890 | $-2,040 |
| 2024-03-25 | 2024-03-28 | 2024-04-05 | $207.76 | $208.22 | 210 / 220 | 10 | $2.0000 | $1.2100 | $-790 | $-2,830 |
| 2024-04-01 | 2024-04-04 | 2024-04-05 | $208.84 | $204.06 | 215 / 220 | 5 | $0.1300 | $-0.0600 | $-190 | $-3,020 |
| 2024-04-08 | 2024-04-11 | 2024-04-12 | $206.69 | $208.72 | 210 / 215 | 5 | $0.7700 | $0.4100 | $-360 | $-3,380 |
| 2024-04-15 | 2024-04-18 | 2024-04-19 | $206.68 | $196.59 | 210 / 215 | 5 | $0.5200 | $0.0000 | $-520 | $-3,900 |
| 2024-04-22 | 2024-04-25 | 2024-04-26 | $194.22 | $197.60 | 200 / 205 | 5 | $0.2100 | $0.9400 | +$730 | $-3,170 |
| 2024-05-06 | 2024-05-09 | 2024-05-10 | $203.07 | $204.77 | 205 / 215 | 10 | $1.2800 | $0.5900 | $-690 | $-3,860 |
| 2024-05-13 | 2024-05-16 | 2024-05-17 | $207.16 | $212.30 | 210 / 220 | 10 | $0.5400 | $2.6400 | +$2,100 | $-1,760 |
| 2024-06-03 | 2024-06-06 | 2024-06-07 | $211.83 | $215.07 | 215 / 220 | 5 | $0.4700 | $1.2200 | +$750 | $-1,010 |
| 2024-06-10 | 2024-06-13 | 2024-06-14 | $214.97 | $227.06 | 220 / 225 | 5 | $0.4900 | $4.6200 | +$4,130 | +$3,120 |
| 2024-06-17 | 2024-06-20 | 2024-06-21 | $228.42 | $228.78 | 235 / 240 | 5 | $0.0900 | $0.0300 | $-60 | +$3,060 |
| 2024-06-24 | 2024-06-27 | 2024-06-28 | $225.74 | $226.38 | 230 / 235 | 5 | $1.2800 | $1.1000 | $-180 | +$2,880 |
| 2024-07-08 | 2024-07-11 | 2024-07-12 | $233.56 | $231.74 | 240 / 245 | 5 | $0.2300 | $0.0200 | $-210 | +$2,670 |
| 2024-07-15 | 2024-07-18 | 2024-07-19 | $234.93 | $224.44 | 240 / 245 | 5 | $0.4700 | $0.0200 | $-450 | +$2,220 |
| 2024-07-22 | 2024-07-25 | 2024-07-26 | $223.38 | $213.41 | 230 / 235 | 5 | $0.9900 | $-0.0100 | $-1,000 | +$1,220 |
| 2024-07-29 | 2024-08-01 | 2024-08-02 | $218.02 | $210.61 | 220 / 230 | 10 | $2.4300 | $-0.0100 | $-2,440 | $-1,220 |
| 2024-08-05 | 2024-08-08 | 2024-08-09 | $191.42 | $204.87 | 195 / 200 | 5 | $1.1000 | $4.7400 | +$3,640 | +$2,420 |
| 2024-08-12 | 2024-08-15 | 2024-08-16 | $207.07 | $221.03 | 210 / 215 | 5 | $1.4000 | $4.8800 | +$3,480 | +$5,900 |
| 2024-08-19 | 2024-08-22 | 2024-08-23 | $221.33 | $220.51 | 225 / 230 | 5 | $0.7300 | $0.6100 | $-120 | +$5,780 |
| 2024-08-26 | 2024-08-29 | 2024-08-30 | $223.54 | $217.43 | 230 / 235 | 5 | $0.9400 | $0.0100 | $-930 | +$4,850 |
| 2024-09-09 | 2024-09-12 | 2024-09-13 | $206.37 | $219.31 | 210 / 215 | 5 | $1.2500 | $4.8500 | +$3,600 | +$8,450 |
| 2024-09-16 | 2024-09-19 | 2024-09-20 | $218.82 | $223.47 | 225 / 230 | 5 | $0.4700 | $0.5400 | +$70 | +$8,520 |
| 2024-09-23 | 2024-09-26 | 2024-09-27 | $222.19 | $227.16 | 225 / 235 | 10 | $0.9500 | $2.6600 | +$1,710 | +$10,230 |
| 2024-09-30 | 2024-10-03 | 2024-10-04 | $224.04 | $222.92 | 230 / 235 | 5 | $0.3000 | $0.0300 | $-270 | +$9,960 |
| 2024-10-07 | 2024-10-10 | 2024-10-11 | $224.40 | $230.40 | 230 / 235 | 5 | $0.7300 | $1.0200 | +$290 | +$10,250 |
| 2024-10-14 | 2024-10-17 | 2024-10-18 | $233.90 | $230.14 | 240 / 245 | 5 | $0.2000 | $0.0100 | $-190 | +$10,060 |
| 2024-10-21 | 2024-10-24 | 2024-10-25 | $230.21 | $229.16 | 235 / 240 | 5 | $0.2800 | $0.0800 | $-200 | +$9,860 |
| 2024-10-28 | 2024-10-31 | 2024-11-01 | $231.27 | $222.29 | 235 / 245 | 10 | $0.8800 | $0.0300 | $-850 | +$9,010 |
| 2024-11-04 | 2024-11-07 | 2024-11-08 | $224.38 | $237.45 | 230 / 235 | 5 | $1.1200 | $4.3900 | +$3,270 | +$12,280 |
| 2024-11-18 | 2024-11-21 | 2024-11-22 | $228.73 | $233.58 | 235 / 240 | 5 | $0.7300 | $0.4300 | $-300 | +$11,980 |
| 2024-11-25 | 2024-11-29 | 2024-11-29 | $235.23 | $233.75 | 240 / 245 | 5 | $0.2300 | $-0.1100 | $-340 | +$11,640 |
| 2024-12-02 | 2024-12-05 | 2024-12-06 | $233.96 | $239.93 | 240 / 245 | 5 | $0.1700 | $1.1000 | +$930 | +$12,570 |
| 2024-12-09 | 2024-12-12 | 2024-12-13 | $240.09 | $238.11 | 245 / 250 | 5 | $0.3100 | $0.0100 | $-300 | +$12,270 |
| 2024-12-16 | 2024-12-19 | 2024-12-20 | $239.47 | $232.42 | 245 / 250 | 5 | $0.2500 | $0.0000 | $-250 | +$12,020 |
| 2024-12-23 | 2024-12-26 | 2024-12-27 | $236.10 | $240.68 | 240 / 250 | 10 | $0.6000 | $1.1300 | +$530 | +$12,550 |
| 2024-12-30 | 2025-01-02 | 2025-01-03 | $233.97 | $232.05 | 240 / 245 | 5 | $0.2800 | $0.0100 | $-270 | +$12,280 |
| 2025-01-13 | 2025-01-16 | 2025-01-17 | $225.25 | $230.50 | 230 / 235 | 5 | $1.1400 | $1.3300 | +$190 | +$12,470 |
| 2025-01-27 | 2025-01-30 | 2025-01-31 | $228.60 | $232.03 | 235 / 240 | 5 | $0.5900 | $0.3300 | $-260 | +$12,210 |
| 2025-02-03 | 2025-02-06 | 2025-02-07 | $225.85 | $234.84 | 230 / 235 | 5 | $0.9400 | $3.9600 | +$3,020 | +$15,230 |
| 2025-02-10 | 2025-02-13 | 2025-02-14 | $234.75 | $239.17 | 240 / 245 | 5 | $0.5700 | $0.4500 | $-120 | +$15,110 |
| 2025-02-24 | 2025-02-27 | 2025-02-28 | $235.56 | $222.53 | 240 / 245 | 5 | $0.9300 | $0.0100 | $-920 | +$14,190 |
| 2025-03-03 | 2025-03-06 | 2025-03-07 | $226.92 | $215.35 | 230 / 240 | 10 | $1.3200 | $0.0200 | $-1,300 | +$12,890 |
| 2025-03-10 | 2025-03-13 | 2025-03-14 | $214.13 | $207.79 | 220 / 225 | 5 | $1.2600 | $-0.0100 | $-1,270 | +$11,620 |
| 2025-03-17 | 2025-03-20 | 2025-03-21 | $213.68 | $213.36 | 220 / 225 | 5 | $0.7400 | $0.0700 | $-670 | +$10,950 |
| 2025-03-24 | 2025-03-27 | 2025-03-28 | $217.10 | $211.44 | 220 / 230 | 10 | $1.2500 | $0.0300 | $-1,220 | +$9,730 |
| 2025-03-31 | 2025-04-03 | 2025-04-04 | $202.82 | $195.15 | 205 / 215 | 10 | $2.2100 | $0.1000 | $-2,110 | +$7,620 |
| 2025-04-07 | 2025-04-10 | 2025-04-11 | $174.91 | $194.49 | 180 / 185 | 5 | $1.6800 | $3.4400 | +$1,760 | +$9,380 |
| 2025-04-14 | 2025-04-17 | 2025-04-25 | $204.50 | $192.88 | 210 / 215 | 5 | $2.4200 | $0.0900 | $-2,330 | +$7,050 |
| 2025-04-21 | 2025-04-24 | 2025-04-25 | $189.87 | $205.42 | 195 / 200 | 5 | $1.0100 | $3.0800 | +$2,070 | +$9,120 |
| 2025-04-28 | 2025-05-01 | 2025-05-02 | $208.13 | $213.04 | 210 / 220 | 10 | $2.1800 | $5.0400 | +$2,860 | +$11,980 |
| 2025-05-05 | 2025-05-08 | 2025-05-09 | $214.73 | $217.79 | 220 / 225 | 5 | $0.9900 | $0.4500 | $-540 | +$11,440 |
| 2025-05-12 | 2025-05-15 | 2025-05-16 | $226.77 | $234.51 | 230 / 240 | 10 | $1.0100 | $4.0300 | +$3,020 | +$14,460 |
| 2025-06-02 | 2025-06-05 | 2025-06-06 | $230.49 | $236.10 | 235 / 240 | 5 | $1.0100 | $2.9000 | +$1,890 | +$16,350 |
| 2025-06-09 | 2025-06-12 | 2025-06-13 | $239.19 | $242.52 | 245 / 250 | 5 | $0.4700 | $0.2400 | $-230 | +$16,120 |
| 2025-06-16 | 2025-06-20 | 2025-06-20 | $240.86 | $240.59 | 245 / 255 | 10 | $0.5700 | $-0.0200 | $-590 | +$15,530 |
| 2025-06-23 | 2025-06-26 | 2025-06-27 | $240.14 | $251.00 | 245 / 250 | 5 | $0.9000 | $4.7000 | +$3,800 | +$19,330 |
| 2025-06-30 | 2025-07-03 | 2025-07-11 | $252.97 | $256.98 | 260 / 265 | 5 | $0.5100 | $1.1800 | +$670 | +$20,000 |
| 2025-07-14 | 2025-07-17 | 2025-07-18 | $255.29 | $261.02 | 260 / 270 | 10 | $0.3800 | $1.7600 | +$1,380 | +$21,380 |
| 2025-07-28 | 2025-07-31 | 2025-08-01 | $262.92 | $262.61 | 270 / 275 | 5 | $0.2200 | $0.0800 | $-140 | +$21,240 |
| 2025-08-04 | 2025-08-07 | 2025-08-08 | $259.62 | $263.28 | 265 / 275 | 10 | $0.7900 | $0.2600 | $-530 | +$20,710 |
| 2025-08-25 | 2025-08-28 | 2025-08-29 | $262.09 | $266.47 | 265 / 275 | 10 | $1.4500 | $2.2000 | +$750 | +$21,460 |
| 2025-09-15 | 2025-09-18 | 2025-09-19 | $271.25 | $276.11 | 275 / 285 | 10 | $0.8100 | $2.0900 | +$1,280 | +$22,740 |
| 2025-09-29 | 2025-10-02 | 2025-10-03 | $280.50 | $286.30 | 285 / 295 | 10 | $0.8600 | $2.1400 | +$1,280 | +$24,020 |
| 2025-10-13 | 2025-10-16 | 2025-10-17 | $284.81 | $284.60 | 290 / 300 | 10 | $1.0600 | $0.3500 | $-710 | +$23,310 |
| 2025-10-20 | 2025-10-23 | 2025-10-24 | $286.53 | $289.17 | 290 / 300 | 10 | $1.7500 | $1.0300 | $-720 | +$22,590 |
| 2025-10-27 | 2025-10-30 | 2025-10-31 | $297.54 | $300.50 | 305 / 310 | 5 | $0.5300 | $0.2600 | $-270 | +$22,320 |
| 2025-11-10 | 2025-11-13 | 2025-11-14 | $293.35 | $286.61 | 300 / 310 | 10 | $0.5500 | $0.1000 | $-450 | +$21,870 |
| 2025-11-17 | 2025-11-20 | 2025-11-21 | $285.45 | $272.12 | 290 / 300 | 10 | $1.7700 | $0.0400 | $-1,730 | +$20,140 |
| 2025-11-24 | 2025-11-28 | 2025-11-28 | $275.08 | $286.11 | 280 / 290 | 10 | $1.4000 | $5.8900 | +$4,490 | +$24,630 |
| 2025-12-01 | 2025-12-04 | 2025-12-05 | $283.42 | $291.01 | 290 / 300 | 10 | $0.9400 | $1.8000 | +$860 | +$25,490 |
| 2025-12-08 | 2025-12-11 | 2025-12-12 | $147.41 | $148.01 | 150 / 155 | 5 | $0.7700 | $0.1000 | $-670 | +$24,820 |
| 2025-12-15 | 2025-12-18 | 2025-12-19 | $144.57 | $141.52 | 145 / 150 | 5 | $1.2900 | $0.0400 | $-1,250 | +$23,570 |
| 2026-01-26 | 2026-01-29 | 2026-01-30 | $145.28 | $146.84 | 150 / 155 | 5 | $0.2400 | $-0.0100 | $-250 | +$23,320 |
| 2026-02-02 | 2026-02-05 | 2026-02-06 | $143.50 | $135.59 | 145 / 150 | 5 | $1.0500 | $0.0200 | $-1,030 | +$22,290 |
| 2026-03-02 | 2026-03-05 | 2026-03-06 | $136.81 | $140.16 | 140 / 145 | 5 | $0.7900 | $1.1800 | +$390 | +$22,680 |
| 2026-03-09 | 2026-03-12 | 2026-03-13 | $135.97 | $137.79 | 140 / 145 | 5 | $0.9200 | $0.5400 | $-380 | +$22,300 |
| 2026-03-16 | 2026-03-19 | 2026-03-20 | $138.69 | $138.44 | 140 / 145 | 5 | $1.4000 | $0.1300 | $-1,270 | +$21,030 |
| 2026-03-23 | 2026-03-26 | 2026-03-27 | $137.47 | $132.47 | 140 / 145 | 5 | $0.7800 | $0.0000 | $-780 | +$20,250 |
| 2026-03-30 | 2026-04-02 | 2026-04-10 | $131.04 | $135.97 | 135 / 140 | 5 | $0.7600 | $2.0500 | +$1,290 | +$21,540 |
| 2026-04-06 | 2026-04-09 | 2026-04-10 | $136.48 | $142.04 | 140 / 145 | 5 | $0.5700 | $2.0800 | +$1,510 | +$23,050 |
| 2026-04-13 | 2026-04-16 | 2026-04-17 | $142.30 | $152.03 | 145 / 150 | 5 | $0.5500 | $4.5600 | +$4,010 | +$27,060 |
| 2026-04-20 | 2026-04-23 | 2026-04-24 | $154.37 | $155.83 | 155 / 160 | 5 | $1.4400 | $1.5700 | +$130 | +$27,190 |
| 2026-04-27 | 2026-04-30 | 2026-05-01 | $160.10 | $159.41 | 165 / 170 | 5 | $0.2000 | $0.0100 | $-190 | +$27,000 |
| 2026-05-04 | 2026-05-07 | 2026-05-08 | $162.75 | $169.68 | 165 / 170 | 5 | $0.7000 | $3.7800 | +$3,080 | +$30,080 |
| 2026-05-11 | 2026-05-14 | 2026-05-15 | $176.08 | $179.49 | 180 / 185 | 5 | $0.9600 | $0.8700 | $-90 | +$29,990 |
| 2026-05-18 | 2026-05-21 | 2026-05-22 | $177.50 | $178.53 | 180 / 185 | 5 | $1.1400 | $0.3400 | $-800 | +$29,190 |
| 2026-06-01 | 2026-06-04 | 2026-06-05 | $192.32 | $193.12 | 195 / 200 | 5 | $1.0400 | $0.7300 | $-310 | +$28,880 |
| 2026-06-08 | 2026-06-11 | 2026-06-12 | $185.12 | $183.19 | 190 / 195 | 5 | $0.8400 | $0.0500 | $-790 | +$28,090 |
| 2026-06-15 | 2026-06-18 | 2026-06-26 | $190.46 | $191.31 | 195 / 200 | 5 | $1.6000 | $1.3600 | $-240 | +$27,850 |
| 2026-06-29 | 2026-07-02 | 2026-07-10 | $183.06 | $180.50 | 185 / 190 | 5 | $2.0400 | $1.1800 | $-860 | +$26,990 |
| 2026-07-06 | 2026-07-09 | 2026-07-10 | $182.22 | $185.31 | 185 / 190 | 5 | $1.5500 | $1.4400 | $-110 | +$26,880 |
| 2026-07-13 | 2026-07-16 | 2026-07-17 | $183.25 | $177.49 | 185 / 190 | 5 | $1.6700 | $0.0400 | $-1,630 | +$25,250 |
| 2026-07-20 | 2026-07-23 | 2026-07-24 | $177.07 | $178.43 | 180 / 185 | 5 | $1.3100 | $0.8000 | $-510 | +$24,740 |
| 2026-07-27 | 2026-07-30 | 2026-07-31 | $177.99 | $175.63 | 180 / 185 | 5 | $1.3700 | $0.4300 | $-940 | +$23,800 |
| 2026-08-03 | 2026-08-06 | 2026-08-07 | $174.30 | $185.32 | 180 / 185 | 5 | $0.6000 | $4.3300 | +$3,730 | +$27,530 |
| 2026-08-10 | 2026-08-13 | 2026-08-14 | $187.98 | $190.77 | 190 / 195 | 5 | $1.0700 | $1.6900 | +$620 | +$28,150 |
| 2026-08-17 | 2026-08-20 | 2026-08-21 | $190.78 | $183.12 | 195 / 200 | 5 | $0.5300 | $0.0000 | $-530 | +$27,620 |
| 2026-08-24 | 2026-08-27 | 2026-08-28 | $181.65 | $188.64 | 185 / 190 | 5 | $0.3900 | $2.8100 | +$2,420 | +$30,040 |
| 2026-08-31 | 2026-09-03 | 2026-09-04 | $185.78 | $186.01 | 190 / 195 | 5 | $0.4100 | $0.0600 | $-350 | +$29,690 |
| 2026-09-14 | 2026-09-17 | 2026-09-18 | $182.95 | $188.06 | 185 / 190 | 5 | $1.0800 | $3.0500 | +$1,970 | +$31,660 |
| 2026-09-21 | 2026-09-24 | 2026-09-25 | $191.77 | $194.72 | 195 / 200 | 5 | $0.6700 | $0.8300 | +$160 | +$31,820 |
| 2026-09-28 | 2026-10-01 | 2026-10-02 | $195.24 | $197.88 | 200 / 205 | 5 | $0.4800 | $0.4900 | +$10 | +$31,830 |
| 2026-10-05 | 2026-10-08 | 2026-10-09 | $200.28 | $197.78 | 205 / 210 | 5 | $0.4900 | $0.0000 | $-490 | +$31,340 |
| 2026-10-12 | 2026-10-15 | 2026-10-16 | $198.07 | $189.14 | 200 / 210 | 10 | $0.9500 | $0.0100 | $-940 | +$30,400 |
| 2026-10-19 | 2026-10-22 | 2026-10-23 | $186.60 | $182.33 | 190 / 195 | 5 | $0.9200 | $0.1000 | $-820 | +$29,580 |
| 2026-10-26 | 2026-10-29 | 2026-10-30 | $184.16 | $188.75 | 190 / 195 | 5 | $0.7100 | $0.2900 | $-420 | +$29,160 |