SPX Butterfly Trap — Complete Strategy Guide
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, and documented backtest assumptions.
- 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.
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.