Backtest & Performance
Stock + Covered Calls strategy · Jun 2021 – Apr 2026 · $100,000 starting capital
💰 Strategy includes covered call premium income on all holdings
+198.76%
Total Return
$100k → $298,760
+25.42%/yr
Annualized Return
Jun 2021 – Apr 2026
+65.92%
SPY Return
+11.05%/yr benchmark
+14.37%/yr
Alpha
vs. SPY +11.05%/yr
53.6%
Win Rate
Stock trades with positive P&L
1.43
Profit Factor
Gross profit / gross loss
763 + 154
Trades
Stock trades + covered calls
$55,972
Premium Income
+56% on $100k from options
Equity Curve
$100,000 starting capital · strategy vs. SPY buy-and-hold
Strategy +198.76%SPY +65.92%
Yearly Breakdown
Stock P&L on $100k · covered call premium adds $55,972 on top
| Year | P&L | Win Rate | Trades |
|---|---|---|---|
| 2021 | +$7,722 | 59% | 152 |
| 2022 | +$3,621 | 48% | 291 |
| 2023 | +$22,587 | 53% | 270 |
| 2024 | +$30,961 | 54% | 277 |
| 2025 | +$23,480 | 55% | 276 |
| Stock P&L | +$145,129 | 53.6% | 763 |
| 💰 CC Premium | +$55,972 | 154 trades | 154 |
| Combined | +$198,760 | +198.76% | 917 |
Top Performers
Highest cumulative P&L by ticker
| Ticker | P&L | Trades | Win Rate |
|---|---|---|---|
| 1NVDA | +$10,591 | 37 | 57% |
| 2TSLA | +$8,154 | 19 | 63% |
| 3FIX | +$6,352 | 23 | 57% |
| 4MPC | +$5,972 | 30 | 50% |
| 5VLO | +$5,349 | 23 | 52% |
Strategy Parameters
Score ≥ 60
Entry threshold
Composite score to open a position
+12%
Take profit
Exit when stock gains 12%
−8%
Stop loss
Exit when stock drops 8%
30 days
Max hold period
Position closed after 30 days max
15
Max positions
Concurrent open positions
10% OTM
Covered call strike
Strike = entry price × 1.10
30 days
CC DTE
Sell 30-day calls on all holdings
≥ 2%
Min CC premium
Only sell if premium ≥ 2% of price
Disclaimer: Backtest results are hypothetical and based on historical data from June 2021 through April 2026. Option premiums are estimated using Black-Scholes with historical volatility; actual premiums depend on implied volatility, bid-ask spread, and market conditions at the time of execution. Results do not account for slippage, commissions, early assignment risk, margin requirements, taxes, or market-impact costs that would reduce actual returns. Options trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. This is not financial advice. Always conduct your own due diligence before making any investment decisions.