Research or backrests on iron butterflies?

Discussion in 'Options' started by dcwriter2, Sep 12, 2022.

  1. Specifically, I’m looking for selling one ATM on SPY, MOO, daily.
     
  2. Btw, typo in the he’d. I meant backtest, if it wasn’t obvious.
     
  3. Matt_ORATS

    Matt_ORATS Sponsor

  4. Matt_ORATS

    Matt_ORATS Sponsor

    DTR had this as one of their best set ups for a SPX iron condor:
    1. Profit Factor (4.5%):
      • 80 DTE
      • ST structure
      • 25 pt. wings
      • 8 delta shorts
      • 300% stop loss / 50% profit taking
        • 2007 - 2016 win rate: 96%
        • 2016 - 2017 win rate: 83%
    I am sure there are differences in how these were implemented.
    Here's my test:
    [​IMG]

    I see an 80% win rate.

    Here are some trade examples:
    [​IMG]
    [​IMG]

    Let me know if I did this correctly.
    [​IMG]
    Here is the test https://wheel.orats.com/backtest/1MpDf7wsrND4XrpEsMak1kZUQnZyKnmnZr
     
    ET180 and dorietrading like this.
  5. qwerty11

    qwerty11

    Nowadays you have options that expire every (working) day, so surely this is possible on some indexes.
     
    dcwriter2 likes this.
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  7. Wow. Thanks. Give me time to peruse.