Inverse of long call butterfly.
| Symbol | Return % | Sharpe | Max DD % | Win % | Avg/trade % | Trades |
|---|---|---|---|---|---|---|
| SPY | -886.0% | -1.29 | +869.8% | +10.5% | -46.6% | 19 |
| QQQ | -686.9% | -1.37 | +646.7% | +5.3% | -36.1% | 19 |
| IWM | -487.5% | -0.56 | +396.3% | +26.3% | -25.7% | 19 |
| DIA | -1152.5% | -1.62 | +1114.3% | +5.3% | -60.7% | 19 |
| Avg | -803.2% | -1.21 | +756.8% | +11.8% | — | 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 |
|---|---|---|
| body_strike | ATM | Middle strike |
A credit structure that benefits from large movement away from the middle strike.
# -C(K1) + 2C(K2) - C(K3)