For the past 30 days, I tested seven different strategies, some of which were modified and even created by me (as far as I know). During this period, I encountered various market conditions—UP, DOWN, and even FLAT. Fifteen of those days were 1DTE, and the other fifteen were 0DTE, with a maximum collateral of $2k per transaction.
Entry points:
- 1DTE: Entered right before closing and exited the next day, 5 minutes before the close.
- 0DTE: Entered between 9:45 and 10:00 AM, and exited the same day, 5 minutes before closing.
I’ve added this data to a DASHBOARD where you can compare strategies and see which one works best for you—or even create combinations. Always have an entry and exit plan. The purpose of this experiment was to observe the behavior of each strategy based on market trends between the open date and expiration.
Note: This was created for fun and is not necessarily a bulletproof system. Only risk what you are willing to lose.
I tested 7 strategies on SPY so you don't have to
byu/elyuma inoptions
Posted by elyuma
3 Comments
Thank you for this. I need help using this. Which one is the best strategy that came out of this?
Interesting dashboard. I like.
Have you considered trading the SPX. You get better tax treatment and you do not have assignment risk. Or the risk of your broker closing the trade early.
Ok, that is a nice dashboard and definitions graph tab. Why do you think movement based strategies did well, but then non-move ones like the butterfly did better? What is your explanation? I wondered if maybe the short dates make the non movement a somewhat higher probability. Or were you better at forecasting the same or next day market as flat, down or up? What was your trigger to select the strategy?