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These are hypothetical performance results that have certain inherent limitations. Learn more
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IWM Hold the Strike
(152315913)

Created by: Tasman_Trading Tasman_Trading
Started: 07/2025
Options
Last trade: 3 days ago

Subscriptions not available

No subscriptions are currently available for this strategy because the strategy manager has capped the maximum number of subscribers.

Subscription terms. Subscriptions to this system cost $20.00 per month.

C2Star

C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.

You can read more about C2Star certification requirements here.

Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.

44.5%
Cumul. Return

Rate of Return Calculations

Overview

To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.

How Cumulative Rate of Return is calculated

= (Ending_equity - Starting_equity) / Starting_equity

Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in marked-to-market equity calculations.

All results are hypothetical.

(13.8%)
Max Drawdown
39
Num Trades
89.7%
Win Trades
4.3 : 1
Profit Factor
61.5%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2025                                          (0.5%)+5.0%+7.0%+4.2%(1.1%)(1.7%)+13.2%
2026+5.1%+2.0%(7%)+10.2%+5.1%+10.7%(0.4%)                              +27.4%

Model Account Details

A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.

Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.

Trading Record

This strategy has placed 2 trades in real-life brokerage accounts. The most recent trade in a real-money brokerage account occurred more than 160 days ago.

Show AutoTrade data Hide AutoTrade data
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Long
Short
Both
Win
Loss
Both
Opened Date/TimeSymbolDescriptionSideQuantAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
6/23/26 9:31 IWM2629R298 IWM Jun29'26 298 put SHORT 1 6.65 6/30 8:05 0.00 n/a $664
Includes Typical Broker Commissions trade costs of $1.00
6/6/26 9:35 IWM ISHARES RUSSELL 2000 INDEX LONG 100 292.00 6/23 8:05 297.00 7.46%
Trade id #156454052
Max drawdown($1,438)
Time6/9/26 0:00
Quant open100
Worst price277.62
Drawdown as % of equity-7.46%
 $498
Includes Typical Broker Commissions trade costs of $2.00
6/15/26 9:33 IWM2622F297 IWM Jun22'26 297 call SHORT 1 3.85 6/23 8:05 0.00 0.07%
Trade id #156577267
Max drawdown($15)
Time6/15/26 9:37
Quant open1
Worst price4.00
Drawdown as % of equity-0.07%
 $384
Includes Typical Broker Commissions trade costs of $1.00
5/29/26 9:30 IWM2605R292 IWM Jun5'26 292 put SHORT 1 4.00 6/6 9:35 0.00 3.86%
Trade id #156334705
Max drawdown($769)
Time6/5/26 0:00
Quant open1
Worst price11.69
Drawdown as % of equity-3.86%
 $399
Includes Typical Broker Commissions trade costs of $1.00
5/18/26 9:38 IWM2626Q277 IWM May26'26 277 put SHORT 1 3.43 5/27 8:05 0.00 1.88%
Trade id #156168890
Max drawdown($362)
Time5/19/26 0:00
Quant open1
Worst price7.05
Drawdown as % of equity-1.88%
 $342
Includes Typical Broker Commissions trade costs of $1.00
5/8/26 9:58 IWM2614Q283 IWM May14'26 283 put SHORT 1 3.00 5/15 8:05 0.00 0.83%
Trade id #156000466
Max drawdown($160)
Time5/12/26 0:00
Quant open1
Worst price4.60
Drawdown as % of equity-0.83%
 $299
Includes Typical Broker Commissions trade costs of $1.00
4/29/26 8:05 IWM ISHARES RUSSELL 2000 INDEX LONG 100 276.00 5/8 8:05 280.00 3.11%
Trade id #155830155
Max drawdown($564)
Time4/29/26 14:45
Quant open100
Worst price270.36
Drawdown as % of equity-3.11%
 $398
Includes Typical Broker Commissions trade costs of $2.00
5/4/26 9:54 IWM2607E280 IWM May7'26 280 call SHORT 1 2.00 5/8 8:05 0.00 2.69%
Trade id #155916431
Max drawdown($514)
Time5/7/26 0:00
Quant open1
Worst price7.14
Drawdown as % of equity-2.69%
 $199
Includes Typical Broker Commissions trade costs of $1.00
4/23/26 10:01 IWM2628P276 IWM Apr28'26 276 put SHORT 1 2.75 4/29 8:05 0.00 1.28%
Trade id #155735780
Max drawdown($234)
Time4/23/26 13:45
Quant open1
Worst price5.09
Drawdown as % of equity-1.28%
 $274
Includes Typical Broker Commissions trade costs of $1.00
4/16/26 9:53 IWM2622P270 IWM Apr22'26 270 put SHORT 1 3.36 4/23 8:05 0.00 0.08%
Trade id #155603473
Max drawdown($14)
Time4/16/26 10:17
Quant open1
Worst price3.50
Drawdown as % of equity-0.08%
 $335
Includes Typical Broker Commissions trade costs of $1.00
1/28/26 8:05 IWM ISHARES RUSSELL 2000 INDEX LONG 100 267.00 4/15 8:05 255.00 17.21%
Trade id #154257304
Max drawdown($2,831)
Time3/30/26 0:00
Quant open100
Worst price238.69
Drawdown as % of equity-17.21%
 ($1,202)
Includes Typical Broker Commissions trade costs of $2.00
4/7/26 9:54 IWM2614D255 IWM Apr14'26 255 call SHORT 1 2.76 4/15 8:05 0.00 6.45%
Trade id #155426317
Max drawdown($1,152)
Time4/14/26 0:00
Quant open1
Worst price14.28
Drawdown as % of equity-6.45%
 $275
Includes Typical Broker Commissions trade costs of $1.00
2/26/26 9:33 IWM2604C268 IWM Mar4'26 268 call SHORT 1 1.42 3/5 8:05 0.00 0.26%
Trade id #154770772
Max drawdown($48)
Time2/26/26 9:38
Quant open1
Worst price1.90
Drawdown as % of equity-0.26%
 $141
Includes Typical Broker Commissions trade costs of $1.00
2/9/26 10:15 IWM2612B267 IWM Feb12'26 267 call SHORT 1 1.75 2/13 8:05 0.00 0.58%
Trade id #154498861
Max drawdown($107)
Time2/10/26 0:00
Quant open1
Worst price2.82
Drawdown as % of equity-0.58%
 $174
Includes Typical Broker Commissions trade costs of $1.00
1/23/26 10:14 IWM2627M267 IWM Jan27'26 267 put SHORT 1 1.90 1/28 8:05 0.00 1.2%
Trade id #154205667
Max drawdown($220)
Time1/27/26 0:00
Quant open1
Worst price4.10
Drawdown as % of equity-1.20%
 $189
Includes Typical Broker Commissions trade costs of $1.00
1/13/26 9:48 IWM2620M261 IWM Jan20'26 261 put SHORT 1 2.10 1/21 8:05 0.00 0.27%
Trade id #154094859
Max drawdown($50)
Time1/14/26 0:00
Quant open1
Worst price2.60
Drawdown as % of equity-0.27%
 $209
Includes Typical Broker Commissions trade costs of $1.00
12/19/25 8:05 IWM ISHARES RUSSELL 2000 INDEX LONG 100 254.00 1/13/26 8:05 257.00 4.79%
Trade id #153872088
Max drawdown($814)
Time1/2/26 0:00
Quant open100
Worst price245.86
Drawdown as % of equity-4.79%
 $298
Includes Typical Broker Commissions trade costs of $2.00
1/6/26 15:53 IWM2612A257 IWM Jan12'26 257 call SHORT 1 1.75 1/13 8:05 0.00 1.59%
Trade id #154023258
Max drawdown($288)
Time1/9/26 0:00
Quant open1
Worst price4.63
Drawdown as % of equity-1.59%
 $174
Includes Typical Broker Commissions trade costs of $1.00
12/15/25 9:53 IWM2518X254 IWM Dec18'25 254 put SHORT 1 2.92 12/19 8:05 0.00 2.26%
Trade id #153820870
Max drawdown($393)
Time12/17/25 0:00
Quant open1
Worst price6.85
Drawdown as % of equity-2.26%
 $291
Includes Typical Broker Commissions trade costs of $1.00
12/8/25 11:00 IWM2511X251 IWM Dec11'25 251 put SHORT 1 2.60 12/12 8:05 0.00 0.08%
Trade id #153731687
Max drawdown($14)
Time12/8/25 13:35
Quant open1
Worst price2.74
Drawdown as % of equity-0.08%
 $259
Includes Typical Broker Commissions trade costs of $1.00
10/14/25 8:05 IWM ISHARES RUSSELL 2000 INDEX LONG 100 247.00 12/3 8:05 241.00 11.14%
Trade id #153155088
Max drawdown($1,810)
Time11/20/25 0:00
Quant open100
Worst price228.90
Drawdown as % of equity-11.14%
 ($602)
Includes Typical Broker Commissions trade costs of $2.00
11/25/25 9:30 IWM2502L241 IWM Dec2'25 241 call SHORT 1 2.66 12/3 8:05 0.00 3.12%
Trade id #153551519
Max drawdown($536)
Time11/26/25 0:00
Quant open1
Worst price8.02
Drawdown as % of equity-3.12%
 $265
Includes Typical Broker Commissions trade costs of $1.00
11/11/25 15:55 IWM2517K247 IWM Nov17'25 247 call SHORT 1 1.14 11/18 8:05 0.00 0.43%
Trade id #153410046
Max drawdown($75)
Time11/12/25 0:00
Quant open1
Worst price1.89
Drawdown as % of equity-0.43%
 $113
Includes Typical Broker Commissions trade costs of $1.00
10/27/25 9:30 IWM2530J250 IWM Oct30'25 250 call SHORT 1 3.26 10/31 8:05 0.00 0.29%
Trade id #153264550
Max drawdown($50)
Time10/27/25 9:39
Quant open1
Worst price3.76
Drawdown as % of equity-0.29%
 $325
Includes Typical Broker Commissions trade costs of $1.00
10/9/25 9:31 IWM2513V247 IWM Oct13'25 247 put SHORT 1 2.11 10/14 8:05 0.00 4.25%
Trade id #153117626
Max drawdown($719)
Time10/10/25 0:00
Quant open1
Worst price9.30
Drawdown as % of equity-4.25%
 $210
Includes Typical Broker Commissions trade costs of $1.00
9/10/25 8:05 IWM ISHARES RUSSELL 2000 INDEX LONG 100 237.00 10/8 8:05 243.00 0.97%
Trade id #152876409
Max drawdown($154)
Time9/10/25 15:40
Quant open100
Worst price235.46
Drawdown as % of equity-0.97%
 $598
Includes Typical Broker Commissions trade costs of $2.00
10/2/25 9:32 IWM2507J243 IWM Oct7'25 243 call SHORT 1 2.03 10/8 8:05 0.00 2.04%
Trade id #153057380
Max drawdown($344)
Time10/6/25 0:00
Quant open1
Worst price5.47
Drawdown as % of equity-2.04%
 $202
Includes Typical Broker Commissions trade costs of $1.00
9/19/25 9:30 IWM2522I245 IWM Sep22'25 245 call SHORT 1 1.70 9/23 8:05 0.00 n/a $169
Includes Typical Broker Commissions trade costs of $1.00
9/5/25 10:27 IWM2509U237 IWM Sep9'25 237 put SHORT 1 2.05 9/10 8:05 0.00 0.47%
Trade id #152835733
Max drawdown($75)
Time9/5/25 10:46
Quant open1
Worst price2.80
Drawdown as % of equity-0.47%
 $204
Includes Typical Broker Commissions trade costs of $1.00
8/29/25 9:52 IWM2504U236 IWM Sep4'25 236 put SHORT 1 1.77 9/5 8:05 0.00 1.88%
Trade id #152781736
Max drawdown($293)
Time9/2/25 0:00
Quant open1
Worst price4.70
Drawdown as % of equity-1.88%
 $176
Includes Typical Broker Commissions trade costs of $1.00

Statistics

  • Strategy began
    7/14/2025
  • Suggested Minimum Cap
    $35,000
  • Strategy Age (days)
    353.33
  • Age
    12 months ago
  • What it trades
    Stocks, Options
  • # Trades
    39
  • # Profitable
    35
  • % Profitable
    89.70%
  • Avg trade duration
    10.4 days
  • Max peak-to-valley drawdown
    13.8%
  • drawdown period
    Feb 18, 2026 - March 30, 2026
  • Cumul. Return
    44.5%
  • Avg win
    $268.74
  • Avg loss
    $568.50
  • Model Account Values (Raw)
  • Cash
    $22,556
  • Margin Used
    $303
  • Buying Power
    $22,252
  • Ratios
  • W:L ratio
    4.30:1
  • Sharpe Ratio
    1.68
  • Sortino Ratio
    2.58
  • Calmar Ratio
    4.603
  • CORRELATION STATISTICS
  • Return of Strat Pcnt - Return of SP500 Pcnt (cumu)
    25.13%
  • Correlation to SP500
    0.64180
  • Return Percent SP500 (cumu) during strategy life
    19.38%
  • Return Statistics
  • Ann Return (w trading costs)
    45.8%
  • Slump
  • Current Slump as Pcnt Equity
    0.70%
  • Instruments
  • Percent Trades Futures
    n/a
  • Slump
  • Current Slump, time of slump as pcnt of strategy life
    0.00%
  • Instruments
  • Short Options - Percent Covered
    41.94%
  • Return Statistics
  • Return Pcnt Since TOS Status
    n/a
  • Return Pcnt (Compound or Annual, age-based, NFA compliant)
    0.445%
  • Instruments
  • Percent Trades Options
    0.79%
  • Percent Trades Stocks
    0.21%
  • Percent Trades Forex
    n/a
  • Return Statistics
  • Ann Return (Compnd, No Fees)
    50.5%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 10% account loss
    19.50%
  • Chance of 20% account loss
    1.00%
  • Chance of 30% account loss
    n/a
  • Chance of 40% account loss
    n/a
  • Chance of 60% account loss (Monte Carlo)
    n/a
  • Chance of 70% account loss (Monte Carlo)
    n/a
  • Chance of 80% account loss (Monte Carlo)
    n/a
  • Chance of 90% account loss (Monte Carlo)
    n/a
  • Automation
  • Percentage Signals Automated
    n/a
  • Risk of Ruin (Monte-Carlo)
  • Chance of 50% account loss
    n/a
  • Popularity
  • Popularity (Today)
    741
  • Popularity (Last 6 weeks)
    799
  • Trading Style
  • Any stock shorts? 0/1
    1
  • Popularity
  • C2 Score
    942
  • Popularity (7 days, Percentile 1000 scale)
    813
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Loss
    $568
  • Avg Win
    $269
  • Sum Trade PL (losers)
    $2,274.000
  • Age
  • Num Months filled monthly returns table
    13
  • Win / Loss
  • Sum Trade PL (winners)
    $9,406.000
  • # Winners
    35
  • Num Months Winners
    8
  • Dividends
  • Dividends Received in Model Acct
    181
  • AUM
  • AUM (AutoTrader live capital)
    22266
  • Win / Loss
  • # Losers
    4
  • % Winners
    89.7%
  • Frequency
  • Avg Position Time (mins)
    14984.40
  • Avg Position Time (hrs)
    249.74
  • Avg Trade Length
    10.4 days
  • Last Trade Ago
    3
  • Leverage
  • Daily leverage (average)
    1.40
  • Daily leverage (max)
    2.28
  • Regression
  • Alpha
    0.06
  • Beta
    0.95
  • Treynor Index
    0.11
  • Maximum Adverse Excursion (MAE)
  • MAE:Equity, average, all trades
    0.03
  • MAE:PL - worst single value for strategy
    -
  • MAE:PL (avg, winning trades)
    -
  • MAE:PL (avg, losing trades)
    -
  • MAE:PL (avg, all trades)
    0.86
  • MAE:Equity, average, winning trades
    0.02
  • MAE:Equity, average, losing trades
    0.09
  • Avg(MAE) / Avg(PL) - All trades
    2.747
  • MAE:Equity, losing trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, win trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, 95th Percentile Value for this strat
    0.01
  • Avg(MAE) / Avg(PL) - Winning trades
    1.263
  • Avg(MAE) / Avg(PL) - Losing trades
    -2.553
  • Hold-and-Hope Ratio
    0.375
  • Analysis based on MONTHLY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.40093
  • SD
    0.18105
  • Sharpe ratio (Glass type estimate)
    2.21442
  • Sharpe ratio (Hedges UMVUE)
    2.04335
  • df
    10.00000
  • t
    2.12014
  • p
    0.03000
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.09023
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.42981
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.19107
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.27776
  • Statistics related to Sortino ratio
  • Sortino ratio
    4.41840
  • Upside Potential Ratio
    5.84995
  • Upside part of mean
    0.53082
  • Downside part of mean
    -0.12990
  • Upside SD
    0.18698
  • Downside SD
    0.09074
  • N nonnegative terms
    8.00000
  • N negative terms
    3.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    11.00000
  • Mean of predictor
    0.15469
  • Mean of criterion
    0.40093
  • SD of predictor
    0.11055
  • SD of criterion
    0.18105
  • Covariance
    0.01053
  • r
    0.52617
  • b (slope, estimate of beta)
    0.86173
  • a (intercept, estimate of alpha)
    0.26762
  • Mean Square Error
    0.02634
  • DF error
    9.00000
  • t(b)
    1.85627
  • p(b)
    0.04819
  • t(a)
    1.45374
  • p(a)
    0.08999
  • Lowerbound of 95% confidence interval for beta
    -0.18843
  • Upperbound of 95% confidence interval for beta
    1.91188
  • Lowerbound of 95% confidence interval for alpha
    -0.14882
  • Upperbound of 95% confidence interval for alpha
    0.68407
  • Treynor index (mean / b)
    0.46526
  • Jensen alpha (a)
    0.26762
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.37906
  • SD
    0.17969
  • Sharpe ratio (Glass type estimate)
    2.10957
  • Sharpe ratio (Hedges UMVUE)
    1.94660
  • df
    10.00000
  • t
    2.01976
  • p
    0.03550
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.17486
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.30753
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.27117
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.16436
  • Statistics related to Sortino ratio
  • Sortino ratio
    4.04569
  • Upside Potential Ratio
    5.47465
  • Upside part of mean
    0.51295
  • Downside part of mean
    -0.13389
  • Upside SD
    0.18041
  • Downside SD
    0.09370
  • N nonnegative terms
    8.00000
  • N negative terms
    3.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    11.00000
  • Mean of predictor
    0.14801
  • Mean of criterion
    0.37906
  • SD of predictor
    0.10820
  • SD of criterion
    0.17969
  • Covariance
    0.01045
  • r
    0.53757
  • b (slope, estimate of beta)
    0.89277
  • a (intercept, estimate of alpha)
    0.24693
  • Mean Square Error
    0.02551
  • DF error
    9.00000
  • t(b)
    1.91257
  • p(b)
    0.04405
  • t(a)
    1.36760
  • p(a)
    0.10231
  • Lowerbound of 95% confidence interval for beta
    -0.16319
  • Upperbound of 95% confidence interval for beta
    1.94873
  • Lowerbound of 95% confidence interval for alpha
    -0.16152
  • Upperbound of 95% confidence interval for alpha
    0.65537
  • Treynor index (mean / b)
    0.42459
  • Jensen alpha (a)
    0.24693
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.05231
  • Expected Shortfall on VaR
    0.07246
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.01580
  • Expected Shortfall on VaR
    0.03703
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    11.00000
  • Minimum
    0.92761
  • Quartile 1
    1.01496
  • Median
    1.05570
  • Quartile 3
    1.07557
  • Maximum
    1.08048
  • Mean of quarter 1
    0.96264
  • Mean of quarter 2
    1.04389
  • Mean of quarter 3
    1.06772
  • Mean of quarter 4
    1.07937
  • Inter Quartile Range
    0.06061
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    0.00000
  • Percentage of outliers high
    0.00000
  • Mean of outliers high
    0.00000
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    -1.54378
  • VaR(95%) (regression method)
    0.09608
  • Expected Shortfall (regression method)
    0.10151
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    2.00000
  • Minimum
    0.04200
  • Quartile 1
    0.04960
  • Median
    0.05719
  • Quartile 3
    0.06479
  • Maximum
    0.07239
  • Mean of quarter 1
    0.04200
  • Mean of quarter 2
    0.00000
  • Mean of quarter 3
    0.00000
  • Mean of quarter 4
    0.07239
  • Inter Quartile Range
    0.01519
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    0.00000
  • Percentage of outliers high
    0.00000
  • Mean of outliers high
    0.00000
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    0.00000
  • VaR(95%) (regression method)
    0.00000
  • Expected Shortfall (regression method)
    0.00000
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.49327
  • Compounded annual return (geometric extrapolation)
    0.50226
  • Calmar ratio (compounded annual return / max draw down)
    6.93840
  • Compounded annual return / average of 25% largest draw downs
    6.93840
  • Compounded annual return / Expected Shortfall lognormal
    6.93122
  • 0.00000
  • 0.00000
  • Analysis based on DAILY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.41033
  • SD
    0.18590
  • Sharpe ratio (Glass type estimate)
    2.20726
  • Sharpe ratio (Hedges UMVUE)
    2.20052
  • df
    246.00000
  • t
    2.14314
  • p
    0.01654
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    0.17707
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.23307
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    0.17258
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.22846
  • Statistics related to Sortino ratio
  • Sortino ratio
    3.43025
  • Upside Potential Ratio
    10.79570
  • Upside part of mean
    1.29141
  • Downside part of mean
    -0.88107
  • Upside SD
    0.14406
  • Downside SD
    0.11962
  • N nonnegative terms
    148.00000
  • N negative terms
    99.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    247.00000
  • Mean of predictor
    0.16825
  • Mean of criterion
    0.41033
  • SD of predictor
    0.12836
  • SD of criterion
    0.18590
  • Covariance
    0.01540
  • r
    0.64538
  • b (slope, estimate of beta)
    0.93467
  • a (intercept, estimate of alpha)
    0.25300
  • Mean Square Error
    0.02025
  • DF error
    245.00000
  • t(b)
    13.22450
  • p(b)
    -0.00000
  • t(a)
    1.72125
  • p(a)
    0.04323
  • Lowerbound of 95% confidence interval for beta
    0.79546
  • Upperbound of 95% confidence interval for beta
    1.07388
  • Lowerbound of 95% confidence interval for alpha
    -0.03653
  • Upperbound of 95% confidence interval for alpha
    0.54269
  • Treynor index (mean / b)
    0.43902
  • Jensen alpha (a)
    0.25308
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.39281
  • SD
    0.18569
  • Sharpe ratio (Glass type estimate)
    2.11538
  • Sharpe ratio (Hedges UMVUE)
    2.10893
  • df
    246.00000
  • t
    2.05393
  • p
    0.02052
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    0.08603
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.14050
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    0.08174
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.13611
  • Statistics related to Sortino ratio
  • Sortino ratio
    3.24820
  • Upside Potential Ratio
    10.59320
  • Upside part of mean
    1.28104
  • Downside part of mean
    -0.88824
  • Upside SD
    0.14250
  • Downside SD
    0.12093
  • N nonnegative terms
    148.00000
  • N negative terms
    99.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    247.00000
  • Mean of predictor
    0.15997
  • Mean of criterion
    0.39281
  • SD of predictor
    0.12842
  • SD of criterion
    0.18569
  • Covariance
    0.01542
  • r
    0.64673
  • b (slope, estimate of beta)
    0.93517
  • a (intercept, estimate of alpha)
    0.24321
  • Mean Square Error
    0.02014
  • DF error
    245.00000
  • t(b)
    13.27210
  • p(b)
    -0.00000
  • t(a)
    1.65901
  • p(a)
    0.04920
  • Lowerbound of 95% confidence interval for beta
    0.79638
  • Upperbound of 95% confidence interval for beta
    1.07396
  • Lowerbound of 95% confidence interval for alpha
    -0.04555
  • Upperbound of 95% confidence interval for alpha
    0.53196
  • Treynor index (mean / b)
    0.42004
  • Jensen alpha (a)
    0.24321
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.01722
  • Expected Shortfall on VaR
    0.02191
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.00664
  • Expected Shortfall on VaR
    0.01390
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    247.00000
  • Minimum
    0.96195
  • Quartile 1
    0.99633
  • Median
    1.00117
  • Quartile 3
    1.00769
  • Maximum
    1.04379
  • Mean of quarter 1
    0.98765
  • Mean of quarter 2
    0.99937
  • Mean of quarter 3
    1.00401
  • Mean of quarter 4
    1.01571
  • Inter Quartile Range
    0.01136
  • Number outliers low
    8.00000
  • Percentage of outliers low
    0.03239
  • Mean of outliers low
    0.97246
  • Number of outliers high
    7.00000
  • Percentage of outliers high
    0.02834
  • Mean of outliers high
    1.03056
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.06379
  • VaR(95%) (moments method)
    0.01011
  • Expected Shortfall (moments method)
    0.01464
  • Extreme Value Index (regression method)
    -0.06140
  • VaR(95%) (regression method)
    0.01287
  • Expected Shortfall (regression method)
    0.01800
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    21.00000
  • Minimum
    0.00023
  • Quartile 1
    0.00440
  • Median
    0.00856
  • Quartile 3
    0.03508
  • Maximum
    0.11363
  • Mean of quarter 1
    0.00186
  • Mean of quarter 2
    0.00635
  • Mean of quarter 3
    0.02728
  • Mean of quarter 4
    0.06836
  • Inter Quartile Range
    0.03068
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    2.00000
  • Percentage of outliers high
    0.09524
  • Mean of outliers high
    0.09864
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.13418
  • VaR(95%) (moments method)
    0.07037
  • Expected Shortfall (moments method)
    0.09932
  • Extreme Value Index (regression method)
    0.56084
  • VaR(95%) (regression method)
    0.07984
  • Expected Shortfall (regression method)
    0.17294
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.51636
  • Compounded annual return (geometric extrapolation)
    0.52305
  • Calmar ratio (compounded annual return / max draw down)
    4.60325
  • Compounded annual return / average of 25% largest draw downs
    7.65153
  • Compounded annual return / Expected Shortfall lognormal
    23.87090
  • 0.00000
  • 0.00000
  • Analysis based on DAILY values, last 6 months only
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.45561
  • SD
    0.18932
  • Sharpe ratio (Glass type estimate)
    2.40656
  • Sharpe ratio (Hedges UMVUE)
    2.39265
  • df
    130.00000
  • t
    1.70170
  • p
    0.42619
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.38513
  • Upperbound of 95% confidence interval for Sharpe Ratio
    5.18928
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.39437
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    5.17968
  • Statistics related to Sortino ratio
  • Sortino ratio
    3.67701
  • Upside Potential Ratio
    10.83010
  • Upside part of mean
    1.34195
  • Downside part of mean
    -0.88634
  • Upside SD
    0.14494
  • Downside SD
    0.12391
  • N nonnegative terms
    84.00000
  • N negative terms
    47.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.14261
  • Mean of criterion
    0.45561
  • SD of predictor
    0.14082
  • SD of criterion
    0.18932
  • Covariance
    0.01717
  • r
    0.64409
  • b (slope, estimate of beta)
    0.86593
  • a (intercept, estimate of alpha)
    0.33213
  • Mean Square Error
    0.02114
  • DF error
    129.00000
  • t(b)
    9.56333
  • p(b)
    0.12041
  • t(a)
    1.61223
  • p(a)
    0.41082
  • Lowerbound of 95% confidence interval for beta
    0.68678
  • Upperbound of 95% confidence interval for beta
    1.04508
  • Lowerbound of 95% confidence interval for alpha
    -0.07546
  • Upperbound of 95% confidence interval for alpha
    0.73972
  • Treynor index (mean / b)
    0.52616
  • Jensen alpha (a)
    0.33213
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.43741
  • SD
    0.18927
  • Sharpe ratio (Glass type estimate)
    2.31101
  • Sharpe ratio (Hedges UMVUE)
    2.29765
  • df
    130.00000
  • t
    1.63413
  • p
    0.42906
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.47936
  • Upperbound of 95% confidence interval for Sharpe Ratio
    5.09265
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.48819
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    5.08349
  • Statistics related to Sortino ratio
  • Sortino ratio
    3.49057
  • Upside Potential Ratio
    10.62500
  • Upside part of mean
    1.33145
  • Downside part of mean
    -0.89403
  • Upside SD
    0.14345
  • Downside SD
    0.12531
  • N nonnegative terms
    84.00000
  • N negative terms
    47.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.13272
  • Mean of criterion
    0.43741
  • SD of predictor
    0.14079
  • SD of criterion
    0.18927
  • Covariance
    0.01721
  • r
    0.64568
  • b (slope, estimate of beta)
    0.86806
  • a (intercept, estimate of alpha)
    0.32221
  • Mean Square Error
    0.02105
  • DF error
    129.00000
  • t(b)
    9.60387
  • p(b)
    0.11963
  • t(a)
    1.56763
  • p(a)
    0.41323
  • VAR (95 Confidence Intrvl)
    0.01700
  • Lowerbound of 95% confidence interval for beta
    0.68922
  • Upperbound of 95% confidence interval for beta
    1.04689
  • Lowerbound of 95% confidence interval for alpha
    -0.08446
  • Upperbound of 95% confidence interval for alpha
    0.72887
  • Treynor index (mean / b)
    0.50390
  • Jensen alpha (a)
    0.32221
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.01741
  • Expected Shortfall on VaR
    0.02219
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.00616
  • Expected Shortfall on VaR
    0.01329
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    131.00000
  • Minimum
    0.96195
  • Quartile 1
    0.99725
  • Median
    1.00164
  • Quartile 3
    1.00783
  • Maximum
    1.03036
  • Mean of quarter 1
    0.98710
  • Mean of quarter 2
    1.00008
  • Mean of quarter 3
    1.00439
  • Mean of quarter 4
    1.01590
  • Inter Quartile Range
    0.01058
  • Number outliers low
    7.00000
  • Percentage of outliers low
    0.05344
  • Mean of outliers low
    0.97470
  • Number of outliers high
    5.00000
  • Percentage of outliers high
    0.03817
  • Mean of outliers high
    1.02875
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    -0.84210
  • VaR(95%) (moments method)
    0.00926
  • Expected Shortfall (moments method)
    0.01029
  • Extreme Value Index (regression method)
    -0.00465
  • VaR(95%) (regression method)
    0.01299
  • Expected Shortfall (regression method)
    0.01919
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    11.00000
  • Minimum
    0.00023
  • Quartile 1
    0.00277
  • Median
    0.00572
  • Quartile 3
    0.02737
  • Maximum
    0.11363
  • Mean of quarter 1
    0.00061
  • Mean of quarter 2
    0.00498
  • Mean of quarter 3
    0.01551
  • Mean of quarter 4
    0.06394
  • Inter Quartile Range
    0.02460
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    1.00000
  • Percentage of outliers high
    0.09091
  • Mean of outliers high
    0.11363
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.46506
  • VaR(95%) (moments method)
    0.07669
  • Expected Shortfall (moments method)
    0.15110
  • Extreme Value Index (regression method)
    4.12545
  • VaR(95%) (regression method)
    0.18437
  • Last 4 Months - Pcnt Negative
    0.25%
  • Expected Shortfall (regression method)
    0.00000
  • Strat Max DD how much worse than SP500 max DD during strat life?
    -427261000
  • Max Equity Drawdown (num days)
    40
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.52391
  • Compounded annual return (geometric extrapolation)
    0.59253
  • Calmar ratio (compounded annual return / max draw down)
    5.21473
  • Compounded annual return / average of 25% largest draw downs
    9.26654
  • Compounded annual return / Expected Shortfall lognormal
    26.70090

Strategy Description

IWM Hold the Strike Enhanced - Continuous Premium Income Strategy

Strategy Overview:

IWM Hold the Strike is a systematic options strategy designed to maintain continuous market exposure through the disciplined selling of short-dated options on the Russell 2000 ETF (IWM). This "always invested" approach ensures capital is constantly working, either collecting put premiums while waiting to own shares or collecting call premiums during recovery periods.

Trading Methodology:

Primary Vehicle: iShares Russell 2000 ETF (IWM) - liquid small-cap index with daily options
Strategy Type: Systematic put selling followed by covered calls using the "Hold the Strike" discipline
Expiration Target: 2-5 days to expiration (capturing maximum theta decay)
Strike Selection: At-the-money (ATM) for maximum premium collection
Recovery Formula: Calculated recovery target = Lowest price since assignment + (Proprietary Recovery Formula)

The 4-Step Process:

- SELL PUTS at or near current IWM price (2-5 DTE)
- TAKE ASSIGNMENT when IWM drops below strike (never panic sell)
- WAIT FOR RECOVERY to calculated target before selling calls
- SELL CALLS at recovery threshold to collect additional premium

Key Features:

- Always Invested Philosophy: Continuous premium collection with no idle capital
- Enhanced Recovery System: Multiple call-selling cycles during recovery periods
- Weekend Gap Protection: Ladder orders placed Friday to capture Monday opportunities
- Assignment Discipline: View assignments as opportunities, not setbacks

Suitable For:

- Traders seeking consistent income
- Investors comfortable with small-cap volatility
- Those who understand assignment is part of the strategy

Important Notes:
This strategy thrives in up and sideways market conditions. Bear markets provide exceptional income opportunities through elevated premiums but expect capital losses to be held on the IWM ETF as we await short term rallies to sell calls. The key to success is maintaining discipline during drawdowns and allowing the recovery system to work.
Trade this strategy at Tradier

Summary Statistics

Strategy began
2025-07-14
Suggested Minimum Capital
$35,000
Rank at C2 %
Top 5.8%
Rank # 
#39
# Trades
39
# Profitable
35
% Profitable
89.7%
Net Dividends
$181
Correlation S&P500
0.642
Sharpe Ratio
1.68
Sortino Ratio
2.58
Beta
0.95
Alpha
0.06
Leverage
1.40 Average
2.28 Maximum
Summary
Higher leverage = greater risk.

More information about leverage

Collective2 calculates the maximum leverage used by a strategy in each day. We then display the average of these measurements (i.e. the average daily maximum leverage) and the greatest of these measurements (maximum daily leverage).

Leverage is the ratio of total notional value controlled by a strategy divided by its Model Account equity. Generally higher leverage implies greater risk.

Example of calculation:
The Strategy buys 100 shares of stock at $12 per share.
The Model Account equity during that day is $5,000.
The leverage is: $1200 / $5,000 = 0.24

This is a useful measurement, but it should be considered in context. This measurement doesn't take into account important factors, such as when multiple positions are held that are inversely correlated. Nor does the measurement take into account the volatility of the instruments being held.

In addition, certain asset classes are inherently more leveraged than others. For example, futures contracts are highly leveraged. Forex positions are often even more leveraged than futures.

Latest Activity

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Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.

Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.

Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.

About the results you see on this Web site

Past results are not necessarily indicative of future results.

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Material assumptions and methods used when calculating results

The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.

  • Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
  • Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been re-scaled downward to make current go-forward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
  • All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any per-trade AutoTrade fees, plus estimated broker commissions if any.
  • "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.

Trading is risky

There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.

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