SPX Spread Trader Performance

The Spread Trader strategy focuses on selling SPX credit spreads on expiration day. By trading only on the day of expiration, we aim to capture time decay while managing risk with defined stop levels and updates posted in real time. The performance history below shows every completed Spread Trader trade since the strategy began in 2017. These are trades taken in real time, not backtested or simulated. Results are shown for both the full history since inception and the most recent 12-month period.

Recent results reflect current market conditions, while long-term results reflect performance across multiple market environments.

Performance Context
The most recent 12-month period reflected market conditions that were less favorable for this approach, producing performance below the long-term historical record. The strategy has also experienced occasional negative periods in prior years, which are part of normal variation over time.

SPX Spread Trader

Data last updated: 8/31/2026

Since 2017

  • Win Rate: 63%
  • Avg ROM per Trade: +2%
  • Profit Factor: 1.14
  • Average Win / Loss: 0.68
  • Total Trades: 1655
  • Average Monthly ROM: +26%

Last 12 Months

  • Win Rate: 51%
  • Avg ROM per Trade: -1%
  • Profit Factor: 0.95
  • Average Win / Loss: 0.66
  • Total Trades: 219
  • Average Monthly ROM: -12%

View full Spread Trader performance

Learn more about trading SPX credit spreads

*Performance results include every completed Spread Trader trade since the strategy began in 2017. Results do not include commissions or slippage, and actual outcomes may differ. All results reflect SPX credit spreads during regular U.S. trading hours (9:30–4:00 Eastern). Past performance does not guarantee future results. These statistics are provided for informational purposes only and may not reflect the results of individual subscribers.
Note: Trades before September 25, 2017 reflect private history, while trades since that date have been shared in real time with subscribers.