Weekly Iron Butterfly Backtest (Part 16)
Posted by Mark on July 24, 2013 at 07:41 | Last modified: August 7, 2013 14:53In this blog series, I’m backtesting the weekly option trade described here.
Week 15′s trade begins like this:
This was a “manna from heaven” trade that closed the very next day:
P/L on Day 1 ranged from -$144 to +$273.
P/L on Day 2 ranged from +$351 to +$459, which is where it closed for a 10.1% return on $4,569 margin requirement.
This trade has now won nine out of 15 weeks in backtesting. Net P/L, however, is still in the red at -$1,773.
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