Weekly Iron Butterfly Backtest (Part 20)

In this blog series, I’m backtesting the weekly option trade described here.

Week 19′s trade begins with this:

This trade hit the profit target one day later:

P/L ranged from -$222 to +$87 on Day 1.

P/L ranged from -$33 to +$411, which is a 10.4% return on required margin of $3,966.

The trade has now won 10 out of 19 weeks.