About this template
I originally shared this one in Khaaans - Post your best bots thread a while back, and now I want to give it a proper place in the Templates section. I've always loved watching the simplest of bots vs. the most complex, and this one is definitely part of the simple group.
The strategy:
Sell 1 at the money put spread in QQQ daily
1 Contract and at least 20DTE
Exit Options at 50% profit or 1 day before Expiration
I've used market orders to try and worsen paper results
The price must be greater than 100D SMA
That's all there is to it...
Some interesting takeaways for me:
DTE is about half of the contract length, which I like to see
Profit factor above 3 is impressive for any strategy
The drawdown is about the same total peak-to-trough drawdown for the underlying
Any feedback or collaboration is always appreciated.
