Weekly Iron Butterfly Backtest (Part 24)

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

Thursday’s data was missing from the software so week 23′s trade begins with this on Friday:

The profit target was hit early Monday morning:

P/L ranged from -$153 to +$144 on Day 1.

On Day 4 (nothing happened over the weekend), the trade closed for a profit of $339 on $3,174 margin, which is 10.7%.

The trade is now 13-10 in 23 weeks but the profit factor remains dismal at 0.60.