Sell 1 lower call, buy 2 higher calls.
| Symbol | Return % | Sharpe | Max DD % | Win % | Avg/trade % | Trades |
|---|---|---|---|---|---|---|
| SPY | -6552.8% | -1.29 | +6028.9% | +5.3% | -344.9% | 19 |
| QQQ | -2621.9% | -1.78 | +2397.8% | +5.3% | -138.0% | 19 |
| IWM | -4946.8% | -0.91 | +4846.8% | +10.5% | -260.4% | 19 |
| DIA | -8987.1% | -0.87 | +8026.5% | +31.6% | -473.0% | 19 |
| Avg | -5777.1% | -1.21 | +5325.0% | +13.2% | — | 19 |
What this shows: Overlayed cumulative return series for this strategy across all available symbols.
How to read it: Look for symbols with smoother curves and faster recoveries to assess whether performance is broad-based or driven by a few outliers.
What this shows: Single-symbol cumulative return path for SPY.
How to read it: Use this detailed view to inspect entry/exit behavior over time and whether drawdowns cluster in specific periods.
| Parameter | Default | Description |
|---|---|---|
| ratio | 1x2 | Short/long call ratio |
Backspreads are convex bullish-volatility trades with strong upside participation beyond upper strike.
# -C(K1) + 2C(K2)