0DTE Tail Hedge

Study window: 2022-06-30 to 2026-09-30

Performance summary

Annualized return
33.3%
Max drawdown
-9.2%
Sharpe ratio
1.13
MAR ratio
3.63
Win rate
20.4%
Completed trades
343
Net modeled P/L
$60,127

P&L / net liquidity

Net liquidity · end of day

$91k$25kStartEnd

Monthly P&L

Daily change in modeled net liquidity, including open positions. 🟩 positive; 🟥 negative; $0 no monthly change. The study includes every month through September 2026. Amounts are rounded to the nearest dollar.

Jan–Jun

Year Jan Feb Mar Apr May Jun
2022 · · · · · $0
2023 🟩 +$2,220 🟩 +$1,259 🟩 +$3,561 🟥 −$532 🟥 −$1,076 🟥 −$521
2024 🟩 +$1,054 🟥 −$262 🟥 −$931 🟩 +$10,518 🟥 −$724 🟥 −$680
2025 🟩 +$2,496 🟩 +$3,796 🟩 +$1,887 $0 🟥 −$845 🟥 −$870
2026 🟥 −$447 🟩 +$7,390 $0 🟥 −$1,801 🟥 −$1,026 🟩 +$1,321

Jul–Dec

Year Jul Aug Sep Oct Nov Dec
2022 $0 $0 $0 $0 $0 $0
2023 🟩 +$2,687 🟩 +$1,565 🟥 −$162 🟥 −$1,215 🟥 −$685 🟩 +$5,784
2024 🟩 +$156 🟩 +$2,359 🟩 +$1,287 🟥 −$732 🟥 −$743 🟩 +$10,083
2025 🟥 −$983 🟥 −$609 🟥 −$1,876 🟩 +$9,863 🟩 +$13,695 🟥 −$1,541
2026 🟥 −$1,798 🟥 −$769 🟥 −$2,028 · · ·

Additional analysis

Profitable active months: 19 of 43 · Worst month: 2026-09 (−$2,028) · Median closed trade: −$142.

Annual P&L

Year Modeled P&L
2022 · partial year +$0
2023 +$12,887
2024 +$21,385
2025 +$25,014
2026 · partial year +$841

Recent trade examples

Ten most recently closed, consecutive non-ignored trade-log rows; gains and losses are left as recorded.

Closed Outcome Net modeled P/L
2026-09-29 Loss −$271.72
2026-09-28 Loss −$207.44
2026-09-25 Loss −$237.44
2026-09-23 Loss −$22.44
2026-09-18 Loss −$197.44
2026-09-17 Loss −$341.72
2026-09-16 Loss −$232.44
2026-09-15 Loss −$92.44
2026-09-09 Loss −$202.44
2026-09-08 Loss −$222.44

Historical results are simulated and do not predict future performance.