Strategy · SPX 0DTE · one contract throughout

Last Hour

A 48-minute trade: sell the straddle at the wall strike at 15:00, when dealer hedging into the close is at its most mechanical and decay at its steepest.

$23,768

net profit per year, one contract

$21,016

defined-risk margin per trade (wing width − credit; exact value per trade in the blotter)

$226 (1.1%)

average net per trade, as % of its margin — held hours, never overnight

69%

win rate over 245 trades

$1,160

costs paid per year ($11.05/trade, itemized below)

−$6,314

max drawdown

1 in 109,713

odds these results are pure luck

Equity curve

Cumulative net profit, this strategy alone, after all costs.

Monthly results

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year P&L
2024							−1.1k	−0.5k	+1.4k	+1.4k	−1.6k	−0.7k	−$1,041
2025	+4.8k	+2.9k	+12.1k	−0.5k	+3.5k	+5.3k	+0.5k	+1.9k	+2.0k	+1.7k	+3.6k	+3.3k	$41,151
2026	+4.0k	+4.4k	−5.8k	+1.6k	+6.4k	−1.1k	+1.5k	+2.8k	+1.7k				$15,350

20 of 27 months positive · mean month $2,054 · worst month −$5,824

Trade logic, in full

Signal. Same wall as Magnet — the strike where the day's 0DTE volume has massed — read at 15:00, when the close is near enough that dealer hedging toward that strike is at its strongest and least avoidable.

Entry, 15:00 New York. Sell the call and put at the wall strike; buy protective wings 3.5% away. Net credit must exceed $1.00 with all four legs traded.

Stop. 2.0× credit. Exit. 15:48 — the position lives 48 minutes at most.

Character. The steepest theta of the day compressed into the shortest holding period in the program; margin is engaged for under an hour. Replication on QQQ produced the strongest single statistic in the program (t = 7.1, 71% win rate).

Every trade, every leg

The complete record — nothing curated. Each trade sells one STRADDLE — a call and a put at the same strike K — and buys two protective wings (put wing · call wing strikes shown). 'Sold C / P' are the two short legs' entry prices, 'Bought C / P' their buy-back prices; wing prices are shown as the pair's combined value. Prices are per index point (×$100). Fired because the entry clock was reached — this strategy trades by appointment, every qualifying day. Margin is exact: wing width − credit. Costs = 8 contract-sides × $1.35 + $0.25 regulatory. STOP = premium stop; THESIS = the level broke; EOD = scheduled 15:48 exit. All times New York.

Date	In→Out	How	Straddle K	Sold C / P	Bought C / P	Wings	Wings in→out	Gross	Costs	Net	Margin
2024-07-11	15:00→15:48	EOD	5600	2.00 / 10.50	0.60 / 11.30	5400 · 5800	0.10→0.10	$60	−11.05	$49	$18,760
2024-07-17	15:00→15:48	EOD	5600	3.84 / 8.40	0.80 / 10.30	5400 · 5800	0.10→0.10	$114	−11.05	$103	$18,786
2024-07-18	15:00→15:12	STOP	5550	3.80 / 9.00	0.55 / 25.50	5360 · 5740	0.10→0.10	−$1,325	−11.05	−$1,336	$17,730
2024-07-22	15:00→15:48	EOD	5560	7.20 / 4.60	7.90 / 1.20	5370 · 5750	0.10→0.10	$270	−11.05	$259	$17,830
2024-07-24	15:00→15:48	EOD	5450	3.30 / 11.94	0.85 / 13.40	5260 · 5640	0.10→0.10	$99	−11.05	$88	$17,486
2024-07-31	15:00→15:48	EOD	5550	10.00 / 12.00	0.70 / 23.90	5360 · 5740	0.10→0.10	−$260	−11.05	−$271	$16,810
2024-08-02	15:00→15:48	EOD	5300	31.50 / 2.00	40.05 / 0.20	5110 · 5490	0.10→0.10	−$675	−11.05	−$686	$15,660
2024-08-05	15:00→15:48	EOD	5200	3.50 / 26.50	0.30 / 35.50	5020 · 5380	0.20→0.10	−$590	−11.05	−$601	$15,020
2024-08-08	15:00→15:48	EOD	5300	20.60 / 5.10	17.50 / 1.30	5110 · 5490	0.12→0.10	$688	−11.05	$677	$16,442
2024-08-12	15:00→15:48	EOD	5350	3.50 / 8.45	0.32 / 15.73	5160 · 5540	0.10→0.10	−$410	−11.05	−$421	$17,815
2024-08-14	15:00→15:48	EOD	5450	8.30 / 3.10	2.90 / 2.97	5260 · 5640	0.10→0.10	$553	−11.05	$542	$17,870
2024-08-21	15:00→15:48	EOD	5600	19.06 / 0.60	13.58 / 0.25	5400 · 5800	0.10→0.10	$583	−11.05	$572	$18,044
2024-08-23	15:00→15:48	EOD	5600	18.17 / 0.80	24.35 / 0.07	5400 · 5800	0.10→0.10	−$545	−11.05	−$556	$18,113
2024-09-04	15:00→15:48	EOD	5500	12.00 / 4.00	19.12 / 0.20	5310 · 5690	0.10→0.10	−$332	−11.05	−$343	$17,410
2024-09-05	15:00→15:48	EOD	5500	11.10 / 4.10	2.50 / 8.00	5310 · 5690	0.10→0.10	$470	−11.05	$459	$17,490
2024-09-06	15:00→15:48	EOD	5400	16.84 / 2.65	18.50 / 0.55	5210 · 5590	0.10→0.10	$44	−11.05	$33	$17,061
2024-09-09	15:00→15:48	EOD	5450	10.00 / 3.30	14.60 / 0.32	5260 · 5640	0.10→0.10	−$162	−11.05	−$173	$17,680
2024-09-10	15:00→15:48	EOD	5500	1.42 / 11.70	0.68 / 8.20	5310 · 5690	0.10→0.10	$424	−11.05	$413	$17,698
2024-09-12	15:00→15:48	EOD	5600	3.75 / 11.70	1.50 / 7.30	5400 · 5800	0.10→0.10	$665	−11.05	$654	$18,465
2024-09-16	15:00→15:48	EOD	5630	4.98 / 3.25	3.60 / 1.40	5430 · 5830	0.10→0.10	$323	−11.05	$312	$19,187
2024-10-01	15:00→15:48	EOD	5700	26.40 / 0.85	13.62 / 0.75	5500 · 5900	0.10→0.10	$1,288	−11.05	$1,277	$17,285
2024-10-02	15:00→15:48	EOD	5700	11.80 / 1.60	14.30 / 0.15	5500 · 5900	0.10→0.10	−$105	−11.05	−$116	$18,670
2024-10-03	15:00→15:48	EOD	5700	1.15 / 14.40	0.72 / 8.39	5500 · 5900	0.10→0.10	$644	−11.05	$633	$18,455
2024-10-09	15:00→15:48	EOD	5780	4.60 / 4.00	12.20 / 0.32	5580 · 5980	0.10→0.10	−$392	−11.05	−$403	$19,150
2024-10-11	15:00→15:48	EOD	5800	17.10 / 0.50	19.10 / 0.12	5600 · 6000	0.10→0.10	−$162	−11.05	−$173	$18,250
2024-10-23	15:00→15:48	EOD	5800	1.20 / 12.90	1.05 / 5.30	5600 · 6000	0.10→0.10	$775	−11.05	$764	$18,600
2024-10-24	15:00→15:48	EOD	5800	7.10 / 2.15	13.00 / 0.15	5600 · 6000	0.10→0.10	−$390	−11.05	−$401	$19,085
2024-10-28	15:00→15:48	EOD	5830	5.30 / 2.10	3.50 / 0.85	5630 · 6030	0.12→0.12	$305	−11.05	$294	$19,272
2024-10-29	15:00→15:48	EOD	5840	5.00 / 1.45	4.40 / 0.70	5640 · 6040	0.10→0.10	$135	−11.05	$124	$19,365
2024-10-31	15:00→15:48	EOD	5700	28.00 / 0.45	34.00 / 0.05	5500 · 5900	0.10→0.10	−$560	−11.05	−$571	$17,165
2024-11-01	15:00→15:48	EOD	5750	0.79 / 13.56	0.15 / 18.53	5550 · 5950	0.10→0.10	−$433	−11.05	−$444	$18,575
2024-11-04	15:00→15:36	STOP	5730	1.50 / 8.60	0.13 / 20.90	5530 · 5930	0.10→0.10	−$1,093	−11.05	−$1,104	$19,000
2024-11-05	15:00→15:48	EOD	5780	0.75 / 13.70	1.35 / 5.60	5580 · 5980	0.10→0.10	$750	−11.05	$739	$18,565
2024-11-19	15:00→15:48	EOD	5900	10.29 / 0.91	15.41 / 0.07	5690 · 6110	0.10→0.10	−$428	−11.05	−$439	$19,890
2024-11-20	15:00→15:48	EOD	5900	0.54 / 13.60	17.25 / 0.17	5690 · 6110	0.10→0.10	−$328	−11.05	−$339	$19,596
2024-12-11	15:00→15:48	EOD	6090	1.40 / 3.70	0.50 / 3.60	5880 · 6300	0.10→0.10	$100	−11.05	$89	$20,500
2024-12-23	15:00→15:48	EOD	5950	8.50 / 4.30	20.00 / 0.12	5740 · 6160	0.10→0.10	−$732	−11.05	−$743	$19,730
2025-01-03	15:00→15:48	EOD	5950	1.40 / 10.30	0.20 / 14.75	5740 · 6160	0.10→0.10	−$325	−11.05	−$336	$19,840
2025-01-07	15:00→15:48	EOD	5900	23.70 / 0.90	6.00 / 2.90	5690 · 6110	0.10→0.10	$1,570	−11.05	$1,559	$18,550
2025-01-08	15:00→15:48	EOD	5900	14.40 / 3.40	11.19 / 0.55	5690 · 6110	0.10→0.10	$606	−11.05	$595	$19,230
2025-01-13	15:00→15:48	EOD	5800	22.56 / 1.20	22.90 / 0.05	5600 · 6000	0.10→0.10	$81	−11.05	$70	$17,634
2025-01-14	15:00→15:48	EOD	5850	0.90 / 26.49	0.12 / 21.10	5650 · 6050	0.10→0.10	$617	−11.05	$606	$17,271
2025-01-24	15:00→15:48	EOD	6100	1.90 / 7.60	0.55 / 7.94	5890 · 6310	0.10→0.10	$101	−11.05	$90	$20,060
2025-01-27	15:00→15:48	EOD	6000	3.17 / 11.40	4.45 / 4.15	5790 · 6210	0.10→0.10	$597	−11.05	$586	$19,553
2025-01-30	15:00→15:48	EOD	6050	27.89 / 0.20	8.11 / 3.60	5840 · 6260	0.10→0.10	$1,638	−11.05	$1,627	$18,201
2025-02-03	15:00→15:48	EOD	6000	20.00 / 3.70	6.04 / 4.30	5790 · 6210	0.10→0.10	$1,336	−11.05	$1,325	$18,640
2025-02-04	15:00→15:48	EOD	6040	2.50 / 9.60	0.95 / 6.04	5830 · 6250	0.10→0.10	$511	−11.05	$500	$19,800
2025-02-07	15:00→15:48	EOD	6050	0.70 / 22.80	0.15 / 22.80	5840 · 6260	0.10→0.10	$55	−11.05	$44	$18,660
2025-02-11	15:00→15:48	EOD	6070	5.76 / 2.22	1.00 / 4.40	5860 · 6280	0.10→0.10	$258	−11.05	$247	$20,212
2025-02-25	15:00→15:48	EOD	5950	20.16 / 1.95	12.00 / 1.70	5740 · 6160	0.10→0.10	$841	−11.05	$830	$18,799
2025-03-04	15:00→15:48	EOD	5800	44.40 / 1.45	8.80 / 7.80	5600 · 6000	0.10→0.10	$2,925	−11.05	$2,914	$15,425
2025-03-05	15:00→15:48	EOD	5800	48.30 / 1.75	44.30 / 0.30	5600 · 6000	0.08→0.08	$545	−11.05	$534	$15,003
2025-03-10	15:00→15:48	EOD	5600	6.50 / 20.60	12.64 / 4.80	5400 · 5800	0.09→0.08	$965	−11.05	$954	$17,299
2025-03-12	15:00→15:48	EOD	5600	21.70 / 5.70	7.30 / 4.80	5400 · 5800	0.08→0.08	$1,530	−11.05	$1,519	$17,268
2025-03-13	15:00→15:48	EOD	5500	49.80 / 0.90	20.64 / 0.65	5310 · 5690	0.08→0.09	$2,942	−11.05	$2,931	$13,938
2025-03-14	15:00→15:48	EOD	5650	0.95 / 26.70	0.28 / 21.40	5450 · 5850	0.10→0.08	$595	−11.05	$584	$17,245
2025-03-17	15:00→15:48	EOD	5700	4.57 / 7.80	1.70 / 7.65	5500 · 5900	0.06→0.06	$302	−11.05	$291	$18,769
2025-03-18	15:00→15:48	EOD	5600	18.60 / 2.95	8.00 / 2.10	5400 · 5800	0.08→0.08	$1,145	−11.05	$1,134	$17,853
2025-03-19	15:00→15:48	EOD	5700	7.65 / 14.32	2.01 / 10.60	5500 · 5900	0.10→0.10	$936	−11.05	$925	$17,813
2025-03-24	15:00→15:48	EOD	5750	11.01 / 1.70	18.70 / 0.05	5550 · 5950	0.08→0.08	−$604	−11.05	−$615	$18,737
2025-03-25	15:00→15:48	EOD	5770	1.90 / 8.60	6.30 / 1.32	5570 · 5970	0.06→0.06	$288	−11.05	$277	$18,956
2025-03-26	15:00→15:48	EOD	5700	6.90 / 6.20	10.80 / 1.07	5500 · 5900	0.08→0.06	$121	−11.05	$110	$18,698
2025-03-27	15:00→15:48	EOD	5700	8.20 / 6.00	11.50 / 0.90	5500 · 5900	0.09→0.07	$178	−11.05	$167	$18,589
2025-03-31	15:00→15:48	EOD	5600	8.87 / 16.25	17.30 / 4.30	5400 · 5800	0.09→0.05	$348	−11.05	$337	$17,497
2025-04-01	15:00→15:48	EOD	5600	7.80 / 8.30	22.62 / 0.22	5400 · 5800	0.08→0.08	−$674	−11.05	−$685	$18,398
2025-04-14	15:00→15:48	EOD	5400	32.30 / 1.27	27.70 / 0.35	5210 · 5590	0.10→0.06	$548	−11.05	$537	$15,653
2025-04-15	15:00→15:48	EOD	5400	10.60 / 6.00	1.90 / 9.70	5210 · 5590	0.06→0.08	$502	−11.05	$491	$17,346
2025-04-17	15:00→15:48	EOD	5300	11.86 / 8.90	1.38 / 14.82	5110 · 5490	0.08→0.10	$458	−11.05	$447	$16,932
2025-04-23	15:00→15:48	EOD	5400	5.00 / 22.00	0.29 / 32.00	5210 · 5590	0.06→0.08	−$527	−11.05	−$538	$16,306
2025-04-24	15:00→15:48	EOD	5450	27.59 / 1.80	35.34 / 0.05	5260 · 5640	0.08→0.06	−$602	−11.05	−$613	$16,069
2025-04-25	15:00→15:48	EOD	5500	19.60 / 2.90	13.10 / 1.40	5310 · 5690	0.06→0.08	$802	−11.05	$791	$16,756
2025-04-28	15:00→15:48	EOD	5500	9.70 / 5.20	27.20 / 0.15	5310 · 5690	0.08→0.08	−$1,245	−11.05	−$1,256	$17,518
2025-04-29	15:00→15:48	EOD	5550	16.00 / 2.50	14.30 / 0.45	5360 · 5740	0.08→0.08	$375	−11.05	$364	$17,158
2025-05-02	15:00→15:48	EOD	5700	2.40 / 16.90	0.60 / 18.10	5500 · 5900	0.18→0.06	$48	−11.05	$37	$18,088
2025-05-06	15:00→15:48	EOD	5600	26.00 / 0.75	28.70 / 0.07	5400 · 5800	0.10→0.10	−$202	−11.05	−$213	$17,335
2025-05-07	15:00→15:48	EOD	5600	27.50 / 5.70	34.10 / 0.67	5400 · 5800	0.08→0.08	−$157	−11.05	−$168	$16,688
2025-05-09	15:00→15:48	EOD	5660	9.00 / 3.70	3.64 / 5.02	5460 · 5860	0.10→0.06	$400	−11.05	$389	$18,740
2025-05-12	15:00→15:48	EOD	5850	0.90 / 22.43	0.15 / 21.60	5650 · 6050	0.12→0.08	$154	−11.05	$143	$17,679
2025-05-14	15:00→15:48	EOD	5900	1.85 / 11.80	0.45 / 16.90	5690 · 6110	0.08→0.06	−$372	−11.05	−$383	$19,643
2025-05-15	15:00→15:48	EOD	5900	14.40 / 1.90	11.87 / 1.25	5690 · 6110	0.06→0.08	$320	−11.05	$309	$19,376
2025-05-20	15:00→15:48	EOD	5950	0.25 / 32.90	0.35 / 17.83	5740 · 6160	0.06→0.06	$1,497	−11.05	$1,486	$17,691
2025-05-22	15:00→15:48	EOD	5850	22.80 / 0.95	13.70 / 0.75	5650 · 6050	0.07→0.07	$930	−11.05	$919	$17,632
2025-05-23	15:00→15:48	EOD	5800	20.30 / 2.40	13.72 / 1.75	5600 · 6000	0.09→0.08	$722	−11.05	$711	$17,739
2025-05-28	15:00→15:48	EOD	5910	4.90 / 6.70	1.45 / 8.60	5700 · 6120	0.08→0.08	$155	−11.05	$144	$19,848
2025-05-29	15:00→15:48	EOD	5900	8.30 / 5.90	10.90 / 1.70	5690 · 6110	0.08→0.08	$160	−11.05	$149	$19,588
2025-05-30	15:00→15:48	EOD	5900	10.60 / 11.10	17.16 / 4.86	5690 · 6110	0.06→0.08	−$30	−11.05	−$41	$18,836
2025-06-06	15:00→15:48	EOD	6000	10.70 / 2.10	3.90 / 2.60	5790 · 6210	0.08→0.07	$629	−11.05	$618	$19,728
2025-06-12	15:00→15:48	EOD	6040	5.44 / 3.80	1.35 / 5.00	5830 · 6250	0.08→0.08	$289	−11.05	$278	$20,084
2025-06-13	15:00→15:48	EOD	6000	1.40 / 24.20	0.10 / 27.17	5790 · 6210	0.08→0.08	−$167	−11.05	−$178	$18,448
2025-06-16	15:00→15:48	EOD	6040	1.60 / 8.90	0.65 / 8.10	5830 · 6250	0.08→0.06	$173	−11.05	$162	$19,958
2025-06-17	15:00→15:48	EOD	6000	1.55 / 15.20	0.47 / 11.29	5790 · 6210	0.08→0.08	$499	−11.05	$488	$19,333
2025-06-18	15:00→15:48	EOD	6000	3.10 / 28.20	1.70 / 9.11	5790 · 6210	0.07→0.07	$2,049	−11.05	$2,038	$17,877
2025-06-23	15:00→15:48	EOD	6000	14.01 / 1.55	16.81 / 0.15	5790 · 6210	0.08→0.08	−$140	−11.05	−$151	$19,452
2025-06-26	15:00→15:48	EOD	6140	3.30 / 3.60	2.00 / 2.50	5930 · 6350	0.08→0.08	$240	−11.05	$229	$20,318
2025-06-27	15:00→15:48	EOD	6180	0.15 / 41.90	0.10 / 21.30	5960 · 6400	0.08→0.08	$2,065	−11.05	$2,054	$17,803
2025-06-30	15:00→15:48	EOD	6190	10.00 / 5.90	18.00 / 0.62	5970 · 6410	0.08→0.06	−$274	−11.05	−$285	$20,418
2025-07-07	15:00→15:48	EOD	6220	7.80 / 3.27	2.15 / 3.50	6000 · 6440	0.08→0.06	$540	−11.05	$529	$20,901
2025-07-08	15:00→15:48	EOD	6230	3.10 / 4.90	1.15 / 4.32	6010 · 6450	0.06→0.06	$253	−11.05	$242	$21,206
2025-07-09	15:00→15:48	EOD	6250	8.30 / 1.30	10.25 / 0.15	6030 · 6470	0.06→0.06	−$80	−11.05	−$91	$21,046
2025-07-10	15:00→15:48	EOD	6280	6.30 / 1.57	4.30 / 1.00	6060 · 6500	0.08→0.06	$255	−11.05	$244	$21,221
2025-07-11	15:00→15:48	EOD	6260	6.60 / 2.50	5.70 / 0.95	6040 · 6480	0.06→0.06	$245	−11.05	$234	$21,096
2025-07-14	15:00→15:48	EOD	6270	3.70 / 2.05	0.78 / 3.77	6050 · 6490	0.08→0.06	$118	−11.05	$107	$21,433
2025-07-16	15:00→15:48	EOD	6250	15.30 / 0.60	16.70 / 0.08	6030 · 6470	0.08→0.08	−$88	−11.05	−$99	$20,418
2025-07-21	15:00→15:10	STOP	6330	1.10 / 7.30	0.55 / 16.20	6110 · 6550	0.08→0.08	−$835	−11.05	−$846	$21,168
2025-07-22	15:00→15:48	EOD	6300	14.94 / 0.55	14.20 / 0.05	6080 · 6520	0.08→0.08	$124	−11.05	$113	$20,459
2025-07-24	15:00→15:48	EOD	6380	1.05 / 7.80	0.15 / 9.70	6160 · 6600	0.06→0.06	−$100	−11.05	−$111	$21,121
2025-07-25	15:00→15:48	EOD	6390	4.50 / 2.00	4.80 / 0.80	6170 · 6610	0.06→0.06	$90	−11.05	$79	$21,356
2025-07-28	15:00→15:48	EOD	6390	0.55 / 9.80	0.17 / 7.06	6170 · 6610	0.06→0.06	$312	−11.05	$301	$20,971
2025-07-29	15:00→15:48	EOD	6380	1.07 / 7.90	0.20 / 10.57	6160 · 6600	0.08→0.08	−$180	−11.05	−$191	$21,111
2025-08-01	15:00→15:48	EOD	6200	33.10 / 1.00	49.70 / 0.03	5980 · 6420	0.10→0.08	−$1,565	−11.05	−$1,576	$18,600
2025-08-04	15:00→15:48	EOD	6320	3.40 / 3.80	4.80 / 1.05	6100 · 6540	0.08→0.08	$135	−11.05	$124	$21,288
2025-08-05	15:00→15:48	EOD	6300	7.40 / 3.30	4.10 / 1.85	6080 · 6520	0.09→0.09	$475	−11.05	$464	$20,939
2025-08-06	15:00→15:48	EOD	6350	1.85 / 5.70	1.55 / 2.75	6130 · 6570	0.08→0.08	$325	−11.05	$314	$21,253
2025-08-07	15:00→15:48	EOD	6350	0.30 / 24.80	0.10 / 17.72	6130 · 6570	0.08→0.06	$726	−11.05	$715	$19,498
2025-08-19	15:00→15:48	EOD	6400	6.50 / 2.40	6.50 / 0.60	6180 · 6620	0.08→0.08	$180	−11.05	$169	$21,118
2025-08-20	15:00→15:48	EOD	6400	0.60 / 15.80	5.00 / 1.50	6180 · 6620	0.06→0.06	$990	−11.05	$979	$20,366
2025-08-21	15:00→15:48	EOD	6370	8.90 / 2.75	2.30 / 3.50	6150 · 6590	0.05→0.05	$585	−11.05	$574	$20,840
2025-08-22	15:00→15:48	EOD	6470	3.60 / 3.10	0.90 / 4.60	6240 · 6700	0.08→0.08	$120	−11.05	$109	$22,338
2025-08-27	15:00→15:48	EOD	6480	4.80 / 1.85	5.70 / 0.95	6250 · 6710	0.05→0.05	$0	−11.05	−$11	$22,340
2025-08-29	15:00→15:48	EOD	6450	9.40 / 3.30	11.52 / 0.85	6220 · 6680	0.08→0.08	$33	−11.05	$22	$21,738
2025-09-02	15:00→15:48	EOD	6400	3.80 / 7.30	7.60 / 0.75	6180 · 6620	0.08→0.08	$275	−11.05	$264	$20,898
2025-09-04	15:00→15:48	EOD	6480	8.80 / 0.87	12.76 / 0.17	6250 · 6710	0.10→0.08	−$328	−11.05	−$339	$22,043
2025-09-05	15:00→15:48	EOD	6470	5.74 / 3.80	9.10 / 0.95	6240 · 6700	0.08→0.08	−$51	−11.05	−$62	$22,054
2025-09-16	15:00→15:48	EOD	6610	5.90 / 1.50	2.90 / 1.75	6380 · 6840	0.06→0.06	$275	−11.05	$264	$22,266
2025-09-17	15:00→15:48	EOD	6600	8.80 / 20.90	5.73 / 3.70	6370 · 6830	0.10→0.10	$2,027	−11.05	$2,016	$20,040
2025-09-24	15:00→15:48	EOD	6630	7.00 / 2.30	6.30 / 0.85	6400 · 6860	0.08→0.08	$215	−11.05	$204	$22,078
2025-09-25	15:00→15:48	EOD	6600	9.30 / 3.90	2.10 / 4.60	6370 · 6830	0.04→0.04	$650	−11.05	$639	$21,684
2025-09-26	15:00→15:48	EOD	6650	1.55 / 6.60	0.20 / 9.00	6420 · 6880	0.10→0.10	−$105	−11.05	−$116	$22,195
2025-09-30	15:00→15:48	EOD	6650	21.40 / 0.90	30.80 / 0.05	6420 · 6880	0.08→0.08	−$855	−11.05	−$866	$20,778
2025-10-13	15:00→15:48	EOD	6650	3.55 / 10.40	4.41 / 2.40	6420 · 6880	0.09→0.09	$714	−11.05	$703	$21,614
2025-10-22	15:00→15:48	EOD	6700	1.75 / 15.50	3.66 / 3.10	6470 · 6930	0.10→0.08	$1,047	−11.05	$1,036	$21,285
2025-11-06	15:00→15:48	EOD	6720	30.21 / 0.62	9.40 / 2.24	6480 · 6960	0.14→0.13	$1,918	−11.05	$1,907	$20,931
2025-11-07	15:00→15:48	EOD	6700	20.19 / 2.90	15.80 / 0.90	6470 · 6930	0.06→0.10	$643	−11.05	$632	$20,697
2025-11-12	15:00→15:48	EOD	6850	3.80 / 7.30	5.00 / 1.90	6610 · 7090	0.06→0.06	$420	−11.05	$409	$22,896
2025-11-14	15:00→15:48	EOD	6750	17.27 / 2.66	0.52 / 17.13	6510 · 6990	0.07→0.06	$227	−11.05	$216	$22,014
2025-11-17	15:00→15:48	EOD	6700	0.35 / 57.87	0.03 / 35.47	6470 · 6930	0.10→0.08	$2,270	−11.05	$2,259	$17,188
2025-11-19	15:00→15:48	EOD	6600	32.10 / 1.00	44.75 / 0.03	6370 · 6830	0.08→0.10	−$1,166	−11.05	−$1,177	$19,698
2025-11-24	15:00→15:48	EOD	6700	5.80 / 6.50	5.50 / 2.30	6470 · 6930	0.08→0.08	$450	−11.05	$439	$21,778
2025-11-25	15:00→15:48	EOD	6750	8.80 / 1.90	21.10 / 0.05	6510 · 6990	0.08→0.08	−$1,045	−11.05	−$1,056	$22,938
2025-12-01	15:00→15:48	EOD	6830	1.30 / 14.50	0.27 / 11.40	6590 · 7070	0.10→0.10	$413	−11.05	$402	$22,430
2025-12-04	15:00→15:48	EOD	6850	3.10 / 7.10	0.70 / 7.80	6610 · 7090	0.10→0.10	$170	−11.05	$159	$22,990
2025-12-12	15:00→15:48	EOD	6850	0.70 / 20.62	0.15 / 21.80	6610 · 7090	0.06→0.06	−$63	−11.05	−$74	$21,874
2025-12-15	15:00→15:48	EOD	6800	24.50 / 0.35	21.00 / 0.05	6560 · 7040	0.10→0.10	$380	−11.05	$369	$21,525
2025-12-16	15:00→15:48	EOD	6800	2.90 / 10.00	7.95 / 1.10	6560 · 7040	0.07→0.07	$385	−11.05	$374	$22,717
2025-12-17	15:00→15:48	EOD	6750	1.85 / 13.20	0.35 / 13.20	6510 · 6990	0.08→0.08	$150	−11.05	$139	$22,503
2025-12-18	15:00→15:48	EOD	6800	0.32 / 30.70	0.65 / 10.81	6560 · 7040	0.08→0.06	$1,954	−11.05	$1,943	$20,906
2026-01-02	15:00→15:48	EOD	6850	10.25 / 2.15	1.75 / 4.93	6610 · 7090	0.08→0.05	$569	−11.05	$558	$22,768
2026-01-14	15:00→15:07	STOP	6900	5.55 / 5.50	21.50 / 1.15	6660 · 7140	0.08→0.08	−$1,160	−11.05	−$1,171	$22,903
2026-01-20	15:00→15:48	EOD	6800	6.50 / 8.00	1.55 / 7.77	6560 · 7040	0.06→0.06	$518	−11.05	$507	$22,556
2026-01-21	15:00→15:48	EOD	6850	55.50 / 0.20	27.70 / 0.05	6610 · 7090	0.06→0.06	$2,795	−11.05	$2,784	$18,436
2026-01-26	15:00→15:48	EOD	6960	2.65 / 3.80	1.50 / 2.30	6720 · 7200	0.06→0.06	$265	−11.05	$254	$23,361
2026-01-30	15:00→15:48	EOD	6950	2.60 / 20.60	2.95 / 9.90	6710 · 7190	0.06→0.06	$1,035	−11.05	$1,024	$21,686
2026-02-02	15:00→15:48	EOD	6990	1.90 / 9.60	0.15 / 12.10	6750 · 7230	0.08→0.10	−$73	−11.05	−$84	$22,858
2026-02-03	15:00→15:48	EOD	6900	5.50 / 14.00	8.40 / 1.90	6660 · 7140	0.06→0.06	$920	−11.05	$909	$22,056
2026-02-04	15:00→15:48	EOD	6900	8.80 / 8.80	6.00 / 2.45	6660 · 7140	0.06→0.06	$915	−11.05	$904	$22,246
2026-02-05	15:00→15:48	EOD	6800	15.60 / 5.30	1.60 / 13.40	6560 · 7040	0.06→0.06	$590	−11.05	$579	$21,916
2026-02-06	15:00→15:48	EOD	6900	16.10 / 1.04	31.05 / 0.05	6660 · 7140	0.07→0.07	−$1,396	−11.05	−$1,407	$22,293
2026-02-11	15:00→15:48	EOD	6950	4.40 / 5.30	2.60 / 3.30	6710 · 7190	0.10→0.10	$380	−11.05	$369	$23,040
2026-02-17	15:00→15:48	EOD	6860	5.71 / 7.40	0.25 / 13.60	6620 · 7100	0.07→0.07	−$74	−11.05	−$85	$22,696
2026-02-18	15:00→15:48	EOD	6900	0.10 / 33.20	0.05 / 19.20	6660 · 7140	0.07→0.09	$1,407	−11.05	$1,396	$20,677
2026-02-19	15:00→15:48	EOD	6850	4.70 / 8.66	6.10 / 2.15	6610 · 7090	0.08→0.08	$511	−11.05	$500	$22,672
2026-02-23	15:00→15:48	EOD	6850	0.80 / 20.20	0.25 / 15.45	6610 · 7090	0.06→0.06	$530	−11.05	$519	$21,906
2026-02-24	15:00→15:48	EOD	6900	0.85 / 11.90	0.40 / 8.40	6660 · 7140	0.08→0.08	$395	−11.05	$384	$22,733
2026-02-25	15:00→15:48	EOD	6940	8.90 / 0.80	9.93 / 0.13	6700 · 7180	0.08→0.08	−$36	−11.05	−$47	$23,038
2026-02-26	15:00→15:48	EOD	6900	9.83 / 3.14	7.55 / 0.95	6660 · 7140	0.08→0.08	$447	−11.05	$436	$22,711
2026-03-02	15:00→15:08	STOP	6900	2.89 / 7.80	0.90 / 23.60	6660 · 7140	0.07→0.07	−$1,381	−11.05	−$1,392	$22,938
2026-03-03	15:00→15:48	EOD	6800	25.90 / 2.45	18.14 / 0.82	6560 · 7040	0.08→0.08	$939	−11.05	$928	$21,173
2026-03-05	15:00→15:48	EOD	6800	2.55 / 17.58	17.00 / 0.50	6560 · 7040	0.10→0.10	$263	−11.05	$252	$21,997
2026-03-10	15:00→15:48	EOD	6800	7.80 / 13.10	0.45 / 22.74	6560 · 7040	0.08→0.08	−$229	−11.05	−$240	$21,918
2026-03-11	15:00→15:48	EOD	6750	19.00 / 3.13	17.70 / 0.35	6510 · 6990	0.08→0.06	$406	−11.05	$395	$21,795
2026-03-12	15:00→15:48	EOD	6700	4.70 / 17.30	0.15 / 21.58	6470 · 6930	0.08→0.06	$25	−11.05	$14	$20,808
2026-03-13	15:00→15:48	EOD	6650	8.00 / 8.20	0.30 / 21.50	6420 · 6880	0.08→0.08	−$560	−11.05	−$571	$21,388
2026-03-16	15:00→15:48	EOD	6700	11.20 / 2.45	1.30 / 6.10	6470 · 6930	0.06→0.08	$627	−11.05	$616	$21,641
2026-03-17	15:00→15:48	EOD	6720	4.80 / 5.00	2.85 / 1.95	6480 · 6960	0.08→0.08	$500	−11.05	$489	$23,028
2026-03-19	15:00→15:06	STOP	6600	7.90 / 8.92	37.30 / 2.75	6370 · 6830	0.08→0.06	−$2,325	−11.05	−$2,336	$21,326
2026-03-24	15:00→15:48	EOD	6600	1.65 / 21.20	0.03 / 39.45	6370 · 6830	0.08→0.06	−$1,665	−11.05	−$1,676	$20,723
2026-03-25	15:00→15:48	EOD	6600	2.55 / 16.80	0.25 / 13.69	6370 · 6830	0.06→0.08	$543	−11.05	$532	$21,071
2026-03-26	15:00→15:48	EOD	6500	7.60 / 9.00	0.32 / 18.44	6270 · 6730	0.10→0.08	−$218	−11.05	−$229	$21,350
2026-03-30	15:00→15:28	STOP	6350	3.30 / 12.44	0.30 / 32.00	6130 · 6570	0.06→0.08	−$1,654	−11.05	−$1,665	$20,432
2026-03-31	15:00→15:48	EOD	6500	19.10 / 5.40	33.57 / 0.20	6270 · 6730	0.10→0.08	−$929	−11.05	−$940	$20,560
2026-04-02	15:00→15:48	EOD	6550	21.90 / 1.85	19.57 / 0.15	6320 · 6780	0.08→0.10	$405	−11.05	$394	$20,633
2026-04-06	15:00→15:48	EOD	6600	8.80 / 2.67	8.80 / 0.35	6370 · 6830	0.10→0.08	$230	−11.05	$219	$21,863
2026-04-07	15:00→15:48	EOD	6600	0.40 / 39.00	6.60 / 2.65	6370 · 6830	0.08→0.08	$3,015	−11.05	$3,004	$19,068
2026-04-10	15:00→15:48	EOD	6830	1.10 / 12.95	0.03 / 19.11	6590 · 7070	0.08→0.08	−$509	−11.05	−$520	$22,603
2026-04-15	15:00→15:48	EOD	7000	19.70 / 0.70	21.39 / 0.05	6750 · 7250	0.06→0.08	−$102	−11.05	−$113	$22,966
2026-04-20	15:00→15:48	EOD	7100	9.20 / 1.40	3.50 / 1.15	6850 · 7350	0.08→0.08	$595	−11.05	$584	$23,948
2026-04-21	15:00→15:43	STOP	7100	2.47 / 14.00	0.20 / 42.75	6850 · 7350	0.08→0.10	−$2,646	−11.05	−$2,657	$23,361
2026-04-24	15:00→15:48	EOD	7150	11.65 / 1.40	12.00 / 0.15	6900 · 7400	0.10→0.08	$88	−11.05	$77	$23,705
2026-04-27	15:00→15:48	EOD	7160	14.40 / 0.75	17.50 / 0.05	6910 · 7410	0.10→0.10	−$240	−11.05	−$251	$23,495
2026-04-28	15:00→15:48	EOD	7130	9.69 / 1.40	10.10 / 0.20	6880 · 7380	0.10→0.08	$77	−11.05	$66	$23,901
2026-04-29	15:00→15:48	EOD	7130	6.40 / 7.60	3.50 / 2.75	6880 · 7380	0.07→0.05	$773	−11.05	$762	$23,607
2026-05-04	15:00→15:48	EOD	7200	3.50 / 6.10	4.00 / 1.22	6950 · 7450	0.06→0.06	$438	−11.05	$427	$24,046
2026-05-08	15:00→15:48	EOD	7400	1.25 / 12.30	0.80 / 4.80	7140 · 7660	0.06→0.08	$797	−11.05	$786	$24,651
2026-05-11	15:00→15:48	EOD	7420	1.20 / 14.00	0.08 / 12.85	7160 · 7680	0.08→0.08	$227	−11.05	$216	$24,488
2026-05-12	15:00→15:48	EOD	7350	33.90 / 0.25	52.00 / 0.05	7090 · 7610	0.08→0.08	−$1,790	−11.05	−$1,801	$22,593
2026-05-18	15:00→15:48	EOD	7400	0.25 / 40.40	4.93 / 3.10	7140 · 7660	0.10→0.15	$3,267	−11.05	$3,256	$21,945
2026-05-21	15:00→15:48	EOD	7450	1.70 / 22.21	1.20 / 7.10	7190 · 7710	0.10→0.10	$1,561	−11.05	$1,550	$23,619
2026-05-26	15:00→15:48	EOD	7510	3.30 / 7.00	13.10 / 0.17	7250 · 7770	0.08→0.10	−$295	−11.05	−$306	$24,978
2026-05-27	15:00→15:48	EOD	7520	6.70 / 2.75	3.00 / 2.00	7260 · 7780	0.08→0.08	$445	−11.05	$434	$25,063
2026-05-28	15:00→15:48	EOD	7560	3.20 / 4.20	6.53 / 0.30	7300 · 7820	0.08→0.08	$57	−11.05	$46	$25,268
2026-05-29	15:00→15:48	EOD	7600	0.30 / 29.13	0.60 / 10.77	7330 · 7870	0.08→0.08	$1,806	−11.05	$1,795	$24,065
2026-06-02	15:00→15:48	EOD	7600	8.70 / 0.80	10.00 / 0.10	7330 · 7870	0.08→0.08	−$60	−11.05	−$71	$26,058
2026-06-09	15:00→15:48	EOD	7400	3.60 / 28.03	0.05 / 60.37	7140 · 7660	0.10→0.08	−$2,881	−11.05	−$2,892	$22,847
2026-06-12	15:00→15:48	EOD	7450	1.45 / 27.00	0.15 / 31.13	7190 · 7710	0.07→0.05	−$285	−11.05	−$296	$23,162
2026-06-15	15:00→15:48	EOD	7570	1.45 / 12.40	0.20 / 11.02	7310 · 7830	0.08→0.08	$263	−11.05	$252	$24,623
2026-06-16	15:00→15:48	EOD	7540	0.65 / 15.00	0.05 / 22.93	7280 · 7800	0.08→0.08	−$733	−11.05	−$744	$24,443
2026-06-18	15:00→15:48	EOD	7500	2.40 / 8.90	3.90 / 3.50	7240 · 7760	0.08→0.06	$388	−11.05	$377	$24,878
2026-06-22	15:00→15:48	EOD	7480	1.50 / 15.10	0.08 / 15.52	7220 · 7740	0.08→0.06	$98	−11.05	$87	$24,348
2026-06-24	15:00→15:48	EOD	7400	0.10 / 54.90	0.03 / 51.70	7140 · 7660	0.09→0.08	$326	−11.05	$315	$20,509
2026-06-25	15:00→15:48	EOD	7350	18.50 / 3.50	2.00 / 8.90	7090 · 7610	0.10→0.10	$1,110	−11.05	$1,099	$23,810
2026-06-29	15:00→15:48	EOD	7430	8.90 / 3.09	6.37 / 1.05	7170 · 7690	0.08→0.06	$455	−11.05	$444	$24,809
2026-06-30	15:00→15:48	EOD	7500	5.37 / 5.63	2.95 / 5.10	7240 · 7760	0.09→0.06	$292	−11.05	$281	$24,909
2026-07-02	15:00→15:48	EOD	7450	9.00 / 6.20	9.30 / 1.20	7190 · 7710	0.06→0.06	$470	−11.05	$459	$24,486
2026-07-06	15:00→15:48	EOD	7540	7.20 / 2.05	7.90 / 0.70	7280 · 7800	0.08→0.06	$63	−11.05	$52	$25,083
2026-07-07	15:00→15:48	EOD	7500	5.60 / 6.60	1.58 / 6.10	7240 · 7760	0.06→0.06	$452	−11.05	$441	$24,786
2026-07-14	15:00→15:48	EOD	7550	3.13 / 4.60	1.95 / 2.35	7290 · 7810	0.06→0.06	$343	−11.05	$332	$25,233
2026-07-21	15:00→15:48	EOD	7500	9.60 / 1.30	10.10 / 0.22	7240 · 7760	0.13→0.06	$51	−11.05	$40	$24,923
2026-07-22	15:00→15:48	EOD	7520	0.55 / 11.90	0.07 / 16.24	7260 · 7780	0.08→0.08	−$386	−11.05	−$397	$24,763
2026-07-23	15:00→15:48	EOD	7400	5.50 / 8.20	0.45 / 15.60	7140 · 7660	0.07→0.07	−$235	−11.05	−$246	$24,637
2026-07-27	15:00→15:48	EOD	7400	14.80 / 2.85	12.30 / 0.50	7140 · 7660	0.08→0.08	$485	−11.05	$474	$24,243
2026-07-28	15:00→15:48	EOD	7440	5.30 / 4.70	0.97 / 5.90	7180 · 7700	0.06→0.06	$313	−11.05	$302	$25,006
2026-07-30	15:00→15:48	EOD	7400	34.65 / 0.30	40.65 / 0.05	7140 · 7660	0.08→0.08	−$575	−11.05	−$586	$22,513
2026-07-31	15:00→15:48	EOD	7500	2.20 / 13.90	8.20 / 1.90	7240 · 7760	0.13→0.08	$595	−11.05	$584	$24,403
2026-08-05	15:00→15:48	EOD	7750	1.25 / 12.40	0.20 / 13.20	7480 · 8020	0.08→0.08	$25	−11.05	$14	$25,643
2026-08-06	15:00→15:48	EOD	7700	16.60 / 0.95	8.11 / 1.85	7430 · 7970	0.07→0.07	$759	−11.05	$748	$25,252
2026-08-10	15:00→15:48	EOD	7750	5.60 / 1.90	4.07 / 1.10	7480 · 8020	0.06→0.06	$233	−11.05	$222	$26,256
2026-08-11	15:00→15:48	EOD	7730	1.60 / 9.10	1.45 / 4.87	7460 · 8000	0.06→0.06	$438	−11.05	$427	$25,936
2026-08-14	15:00→15:48	EOD	7780	4.60 / 2.30	3.90 / 0.90	7510 · 8050	0.08→0.08	$210	−11.05	$199	$26,318
2026-08-17	15:00→15:48	EOD	7770	0.15 / 14.10	0.03 / 16.42	7500 · 8040	0.06→0.06	−$220	−11.05	−$231	$25,581
2026-08-18	15:00→15:48	EOD	7700	2.85 / 4.70	1.35 / 3.20	7430 · 7970	0.08→0.08	$300	−11.05	$289	$26,253
2026-08-19	15:00→15:48	EOD	7720	2.80 / 5.50	0.20 / 13.20	7450 · 7990	0.08→0.08	−$510	−11.05	−$521	$26,178
2026-08-24	15:00→15:48	EOD	7660	2.50 / 4.80	0.82 / 5.70	7390 · 7930	0.08→0.08	$78	−11.05	$67	$26,278
2026-08-25	15:00→15:48	EOD	7670	7.00 / 1.35	3.60 / 1.20	7400 · 7940	0.05→0.05	$355	−11.05	$344	$26,170
2026-08-27	15:00→15:48	EOD	7730	0.90 / 14.65	1.15 / 5.50	7460 · 8000	0.08→0.08	$890	−11.05	$879	$25,453
2026-08-28	15:00→15:48	EOD	7700	7.40 / 4.50	9.43 / 0.70	7430 · 7970	0.08→0.06	$175	−11.05	$164	$25,818
2026-08-31	15:00→15:48	EOD	7680	3.60 / 6.70	6.26 / 1.57	7410 · 7950	0.06→0.06	$247	−11.05	$236	$25,976
2026-09-01	15:00→15:48	EOD	7650	0.27 / 25.20	0.05 / 20.20	7380 · 7920	0.06→0.06	$522	−11.05	$511	$24,459
2026-09-02	15:00→15:48	EOD	7670	1.70 / 7.90	2.65 / 2.35	7400 · 7940	0.08→0.08	$460	−11.05	$449	$26,048
2026-09-08	15:00→15:48	EOD	7690	1.55 / 9.60	0.25 / 10.21	7420 · 7960	0.06→0.06	$69	−11.05	$58	$25,891
2026-09-09	15:00→15:48	EOD	7650	1.85 / 6.90	0.40 / 7.47	7380 · 7920	0.08→0.08	$88	−11.05	$77	$26,133
2026-09-10	15:00→15:48	EOD	7600	1.60 / 12.10	0.60 / 8.60	7330 · 7870	0.08→0.08	$450	−11.05	$439	$25,638
2026-09-11	15:00→15:48	EOD	7670	1.25 / 6.47	0.15 / 9.10	7400 · 7940	0.07→0.09	−$151	−11.05	−$162	$26,235
2026-09-14	15:00→15:48	EOD	7640	1.45 / 7.30	0.15 / 10.10	7370 · 7910	0.08→0.08	−$150	−11.05	−$161	$26,133
2026-09-15	15:00→15:48	EOD	7580	9.10 / 1.40	2.65 / 2.40	7310 · 7850	0.10→0.10	$545	−11.05	$534	$25,960
2026-09-17	15:00→15:48	EOD	7630	9.30 / 1.15	10.25 / 0.15	7360 · 7900	0.08→0.06	$3	−11.05	−$8	$25,963

Radiant Research is a research demonstration by the V6 systematic trading project. All results are backtested on historical exchange data (Jun 2024 – Sep 2026 for SPX), net of modelled commissions, exchange and regulatory fees and half the bid–ask spread. They are not live results, not a solicitation, and not investment advice. Options involve substantial risk of loss.