Weekly Iron Butterfly Backtest (Part 22)

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

Week 21′s trade begins with this:

A downside adjustment point was hit early the next day but with the trade up money, no adjustment was made.

A couple hours later, the profit target was reached:

P/L ranged from -$36 to -$240 on Day 1.

P/L ranged from +$25 to +$369 on Day 2, which is where the trade was closed for a gain of 10.9% on $3,393 margin.

This trade is now 11-10 in 21 weeks.