SPX Butterfly Trap — Complete Strategy Guide
SPX Butterfly Trap
A complete digital strategy guide for studying a systematic SPX butterfly approach to markets with repeated pullbacks and price revisits.
What is included
- Complete strategy manual: the exact structure, entry conditions, exit rules, sizing, costs, and risk management explained in plain language.
- Backtest and analysis: historical metrics, yearly and monthly results, assumptions, and an optional Option Omega reference.
- Trade case studies: real strategy examples from entry to exit, including losing trades.
- Parameters and research data: an Excel workbook and CSV files covering the strategy parameters, full trade records, option legs, and historical statistics.
You do not need an Option Omega subscription to read the materials. This is a digital educational product; no physical item will be shipped.
Historical backtest overview
May 16, 2022 – October 16, 2026 · $25,000 initial capital · two butterfly units per effective trade.
- Net backtested P&L: $86,764
- CAGR: 40.28%
- Win rate: 70.35%
- Profit factor: 2.54
- Effective trades: 317
Results include the configured fees and slippage. Eleven additional records were filtered for unusually wide bid–ask spreads; this assumption does not guarantee those conditions could be avoided in live trading.
View the full strategy overview, P&L charts, monthly results, and trade examples →
Risk
For education and research. Results are historical simulations, not personal live-trading performance or a guarantee of future returns. A long butterfly can lose its full entry debit plus costs, and overlapping positions can accumulate losses.