Sell an ATM call and ATM put, collecting premium when price stays near strike.
| Symbol | Return % | Sharpe | Max DD % | Win % | Avg/trade % | Trades |
|---|---|---|---|---|---|---|
| SPY | +904.0% | 1.09 | +76.9% | +89.5% | +47.6% | 19 |
| QQQ | +992.7% | 1.46 | +45.6% | +89.5% | +52.3% | 19 |
| IWM | +763.1% | 0.85 | +92.9% | +79.0% | +40.2% | 19 |
| DIA | +742.4% | 0.74 | +118.5% | +84.2% | +39.1% | 19 |
| Avg | +850.5% | 1.03 | +83.5% | +85.5% | — | 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 |
|---|---|---|
| dte | 45 | Days to expiration |
Short straddles collect theta by selling both ATM options. They profit in low realized volatility regimes and lose in sharp directional moves.
# Short Straddle: -C(K) - P(K)