SUNDIAL RESEARCH
Strategy · SPX 0DTE · one contract throughout

Meridian

A defined-risk decay structure sold at noon: the session's realized-volatility trough, while 0DTE premium is still priced off the morning's fear.

$53,497
net profit per year, one contract
$20,480
defined-risk margin per trade (wing width − credit; exact value per trade in the blotter)
$531 (2.6%)
average net per trade, as % of its margin — held hours, never overnight
64%
win rate over 235 trades
$1,113
costs paid per year ($11.05/trade, itemized below)
−$6,104
max drawdown
< 1 in 1,000,000
odds these results are pure luck

Equity curve

Cumulative net profit, this strategy alone, after all costs.

0k50k100k202420252026$124,827

Monthly results

2024-06
+0.4k
2024-07
+5.7k
2024-08
+3.1k
2024-09
+9.3k
2024-10
+2.9k
2024-11
+1.3k
2024-12
+3.0k
2025-01
−1.2k
2025-02
+7.4k
2025-03
+14.4k
2025-04
+4.7k
2025-05
+3.8k
2025-06
+6.5k
2025-07
+3.0k
2025-08
+5.4k
2025-09
+5.3k
2025-10
+1.8k
2025-11
+4.2k
2025-12
+1.6k
2026-01
−0.7k
2026-02
+4.6k
2026-03
+15.1k
2026-04
+7.6k
2026-05
+3.2k
2026-06
+5.5k
2026-07
−0.4k
2026-08
+3.2k
2026-09
+4.2k

25 of 28 months positive · mean month $4,458 · worst month −$1,243

Trade logic, in full

Signal. None — the edge is the clock. Between 12:00 and the close, realized movement historically undershoots what the remaining 0DTE premium implies. No indicator is consulted; the trade is a standing appointment.

Entry, 12:00 New York. Find the at-the-money strike (where call and put prices are closest). Sell one call and one put there; simultaneously buy protective wings 3.5% away on each side (rounded to the SPX 10-point grid). Enter only if the net credit exceeds $1.00 and both wings actually traded that day — a fill is never assumed.

Risk. Maximum loss is fixed at entry: wing width minus credit (≈ $20,000 per contract). No overnight scenario, no margin call, no tail.

Stop. If the structure's value rises to 1.35× the credit received, buy it back that minute.

Exit. 15:48 New York, unconditionally — twelve minutes before the close, clear of settlement effects.

Every trade, every leg

The complete record — nothing curated. Each trade sells one STRADDLE — a call and a put at the same strike K — and buys two protective wings (put wing · call wing strikes shown). 'Sold C / P' are the two short legs' entry prices, 'Bought C / P' their buy-back prices; wing prices are shown as the pair's combined value. Prices are per index point (×$100). Fired because the entry clock was reached — this strategy trades by appointment, every qualifying day. Margin is exact: wing width − credit. Costs = 8 contract-sides × $1.35 + $0.25 regulatory. STOP = premium stop; THESIS = the level broke; EOD = scheduled 15:48 exit. All times New York.

DateIn→OutHowStraddle KSold C / PBought C / PWingsWings in→outGrossCostsNetMargin
2024-06-0712:00→15:48EOD53606.90 / 9.300.22 / 11.405170 · 55500.10→0.10$458−11.05$447$17,390
2024-07-1712:00→15:48EOD560011.50 / 8.500.80 / 10.305400 · 58000.10→0.10$890−11.05$879$18,010
2024-07-1812:00→15:48EOD555010.90 / 11.706.30 / 3.725360 · 57400.10→0.10$1,258−11.05$1,247$16,750
2024-07-2212:00→13:33STOP55408.90 / 12.0027.20 / 1.805350 · 57300.10→0.10−$810−11.05−$821$16,920
2024-07-2412:00→15:48EOD546011.07 / 10.300.30 / 23.355270 · 56500.10→0.10−$228−11.05−$239$16,873
2024-07-2912:00→15:48EOD547014.00 / 9.607.02 / 1.455280 · 56600.10→0.10$1,513−11.05$1,502$16,650
2024-07-3012:00→15:48EOD543010.90 / 15.1018.90 / 0.275240 · 56200.10→0.10$683−11.05$672$16,410
2024-07-3112:00→15:48EOD553016.52 / 21.405.30 / 8.205340 · 57200.15→0.10$2,437−11.05$2,426$15,223
2024-08-0212:00→15:48EOD534020.05 / 21.807.10 / 7.505150 · 55300.97→0.10$2,638−11.05$2,627$14,912
2024-08-0512:00→15:48EOD522023.35 / 24.200.07 / 50.505040 · 54001.10→0.10−$402−11.05−$413$13,355
2024-08-2212:00→15:48EOD559011.30 / 12.300.22 / 19.005390 · 57900.10→0.10$438−11.05$427$17,650
2024-08-2312:00→15:48EOD560016.05 / 12.6024.35 / 0.075400 · 58000.10→0.10$423−11.05$412$17,145
2024-09-0412:00→15:48EOD553010.80 / 13.601.25 / 11.805340 · 57200.10→0.10$1,135−11.05$1,124$16,570
2024-09-0612:00→15:48EOD541017.20 / 13.409.97 / 2.305220 · 56000.10→0.10$1,833−11.05$1,822$15,950
2024-09-0912:00→15:48EOD54709.00 / 13.401.17 / 7.005280 · 56600.10→0.10$1,423−11.05$1,412$16,770
2024-09-1812:00→15:48EOD562031.90 / 29.205.21 / 6.405420 · 58200.35→0.10$4,924−11.05$4,913$13,925
2024-10-0112:00→15:48EOD570015.80 / 11.3013.62 / 0.755500 · 59000.10→0.10$1,273−11.05$1,262$17,300
2024-10-0412:00→15:48EOD572014.00 / 9.7026.00 / 0.105520 · 59200.10→0.10−$240−11.05−$251$17,640
2024-10-2812:00→15:48EOD58306.72 / 9.843.50 / 0.855630 · 60300.12→0.12$1,221−11.05$1,210$18,356
2024-10-2912:00→15:48EOD58404.57 / 7.704.40 / 0.705640 · 60400.10→0.10$717−11.05$706$18,783
2024-11-0112:00→15:48EOD575012.80 / 7.750.15 / 18.535550 · 59500.10→0.10$187−11.05$176$17,955
2024-11-0412:00→15:48EOD57109.40 / 13.776.10 / 1.355510 · 59100.10→0.10$1,572−11.05$1,561$17,693
2024-11-0512:00→15:48EOD57709.05 / 8.706.73 / 1.005570 · 59700.12→0.10$1,000−11.05$989$18,237
2024-11-1912:00→13:46STOP59007.80 / 7.7020.08 / 1.065690 · 61100.10→0.10−$564−11.05−$575$19,460
2024-11-2012:00→12:20STOP59009.10 / 11.202.75 / 25.115690 · 61100.10→0.10−$756−11.05−$767$18,980
2024-11-2112:00→13:10STOP593010.80 / 12.5029.82 / 1.905720 · 61400.10→0.10−$842−11.05−$853$18,680
2024-11-2712:00→15:48EOD59908.40 / 5.708.60 / 0.205780 · 62000.10→0.10$530−11.05$519$19,600
2024-11-2912:00→12:59EOD60402.40 / 4.100.05 / 3.905830 · 62500.10→0.10$255−11.05$244$20,360
2024-12-0912:00→14:51STOP60704.10 / 6.600.25 / 15.505860 · 62800.10→0.10−$505−11.05−$516$19,940
2024-12-1112:00→15:48EOD60903.60 / 6.200.50 / 3.605880 · 63000.10→0.10$570−11.05$559$20,030
2024-12-2312:00→15:48EOD595011.80 / 9.3020.00 / 0.125740 · 61600.10→0.10$98−11.05$87$18,900
2024-12-2412:00→12:54STOP60202.80 / 4.7011.70 / 0.055810 · 62300.10→0.10−$425−11.05−$436$20,260
2024-12-2712:00→15:48EOD595011.50 / 16.0010.00 / 0.905740 · 61600.15→0.10$1,655−11.05$1,644$18,265
2024-12-3112:00→15:48EOD589015.60 / 14.308.00 / 5.205680 · 61000.10→0.10$1,670−11.05$1,659$18,020
2025-01-1012:00→13:10STOP581015.10 / 12.7036.20 / 2.155610 · 60100.10→0.10−$1,055−11.05−$1,066$17,230
2025-01-1412:00→13:40STOP581013.30 / 16.0039.70 / 0.805610 · 60100.10→0.10−$1,120−11.05−$1,131$17,080
2025-01-2712:00→15:48EOD599012.80 / 10.1012.00 / 1.155780 · 62000.20→0.10$965−11.05$954$18,730
2025-02-0312:00→15:48EOD600014.50 / 18.606.04 / 4.305790 · 62100.15→0.10$2,271−11.05$2,260$17,705
2025-02-0712:00→15:48EOD603015.40 / 12.302.15 / 4.605820 · 62400.10→0.10$2,095−11.05$2,084$18,240
2025-02-1012:00→15:48EOD60609.70 / 6.907.00 / 0.405850 · 62700.10→0.10$920−11.05$909$19,350
2025-02-1112:00→15:48EOD60607.90 / 7.907.17 / 0.605850 · 62700.10→0.10$803−11.05$792$19,430
2025-02-2512:00→15:48EOD595012.00 / 15.0012.00 / 1.705740 · 61600.10→0.10$1,330−11.05$1,319$18,310
2025-03-0412:00→14:01STOP577020.05 / 19.6051.00 / 2.705570 · 59700.22→0.09−$1,418−11.05−$1,429$16,057
2025-03-0612:00→15:48EOD576022.30 / 23.702.02 / 25.425560 · 59600.15→0.06$1,847−11.05$1,836$15,415
2025-03-1112:00→15:48EOD558022.20 / 25.2026.07 / 0.905380 · 57800.15→0.10$2,038−11.05$2,027$15,275
2025-03-1212:00→15:48EOD560019.60 / 22.207.30 / 4.805400 · 58000.08→0.08$2,970−11.05$2,959$15,828
2025-03-1312:00→15:48EOD553021.87 / 18.602.00 / 12.005340 · 57200.14→0.08$2,641−11.05$2,630$14,967
2025-03-1412:00→15:48EOD563014.40 / 16.004.00 / 4.245430 · 58300.20→0.09$2,205−11.05$2,194$16,980
2025-03-1812:00→15:48EOD560016.70 / 14.808.00 / 2.105400 · 58000.09→0.08$2,139−11.05$2,128$16,859
2025-03-1912:00→15:48EOD566023.60 / 19.1029.50 / 0.205460 · 58600.17→0.08$1,291−11.05$1,280$15,747
2025-03-2512:00→15:48EOD57709.20 / 8.506.30 / 1.325570 · 59700.06→0.06$1,008−11.05$997$18,236
2025-03-2712:00→15:48EOD570014.30 / 11.0011.50 / 0.905500 · 59000.10→0.07$1,287−11.05$1,276$17,480
2025-03-3112:00→15:12STOP556016.00 / 18.6048.38 / 0.905370 · 57500.25→0.09−$1,484−11.05−$1,495$15,565
2025-04-0112:00→14:02STOP564012.00 / 16.300.75 / 40.205440 · 58400.14→0.09−$1,270−11.05−$1,281$17,184
2025-04-1412:00→15:48EOD538026.08 / 27.9052.10 / 0.055190 · 55701.42→0.08$49−11.05$38$13,744
2025-04-1712:00→15:48EOD529019.60 / 20.804.10 / 7.555100 · 54800.37→0.06$2,844−11.05$2,833$14,997
2025-04-2112:00→15:48EOD513020.80 / 20.7012.70 / 2.054950 · 53100.59→0.09$2,625−11.05$2,614$13,909
2025-04-2212:00→13:28STOP529020.30 / 15.833.71 / 48.825100 · 54800.43→0.66−$1,617−11.05−$1,628$15,430
2025-04-2312:00→15:48EOD539026.10 / 27.500.70 / 23.005200 · 55801.44→0.06$2,852−11.05$2,841$13,784
2025-04-2412:00→15:48EOD545017.50 / 22.0035.34 / 0.055260 · 56400.57→0.06$360−11.05$349$15,107
2025-04-2512:00→13:24STOP549014.50 / 15.1036.90 / 2.955300 · 56800.23→0.13−$1,035−11.05−$1,046$16,063
2025-04-2812:00→15:48EOD549016.30 / 16.9037.45 / 0.055300 · 56800.10→0.06−$434−11.05−$445$15,690
2025-04-2912:00→15:48EOD554012.20 / 17.1524.80 / 0.105350 · 57300.20→0.08$433−11.05$422$16,085
2025-05-0212:00→15:48EOD568012.30 / 12.506.10 / 4.205480 · 58800.18→0.06$1,438−11.05$1,427$17,538
2025-05-0712:00→15:48EOD562018.80 / 23.4015.10 / 3.485420 · 58200.34→0.08$2,336−11.05$2,325$15,814
2025-05-0912:00→15:48EOD567013.50 / 13.101.00 / 11.305470 · 58700.15→0.06$1,421−11.05$1,410$17,355
2025-05-1212:00→13:04STOP580011.30 / 14.2032.62 / 2.455600 · 60000.13→0.17−$953−11.05−$964$17,463
2025-05-1312:00→15:48EOD589010.75 / 10.3010.65 / 0.955680 · 61000.22→0.08$931−11.05$920$18,917
2025-05-1412:00→13:22STOP59008.60 / 12.301.91 / 28.165690 · 61100.10→0.10−$917−11.05−$928$18,920
2025-05-1912:00→13:07STOP594012.23 / 8.0026.70 / 1.655730 · 61500.10→0.08−$814−11.05−$825$18,987
2025-05-2012:00→15:02STOP594012.50 / 7.700.60 / 27.005730 · 61500.08→0.08−$740−11.05−$751$18,988
2025-05-2212:00→15:48EOD585016.26 / 11.5013.70 / 0.755650 · 60500.18→0.07$1,320−11.05$1,309$17,242
2025-05-2312:00→15:48EOD579017.50 / 14.1822.40 / 0.655590 · 59900.15→0.08$856−11.05$845$16,847
2025-05-2812:00→15:48EOD590012.39 / 8.005.50 / 3.335690 · 61100.06→0.06$1,156−11.05$1,145$18,967
2025-05-2912:00→15:48EOD587020.55 / 15.6043.20 / 0.035660 · 60800.08→0.08−$708−11.05−$719$17,393
2025-05-3012:00→12:29STOP589013.90 / 14.606.10 / 36.205680 · 61000.10→0.18−$1,372−11.05−$1,383$18,160
2025-06-0212:00→15:48EOD59109.31 / 12.0021.60 / 0.155700 · 61200.08→0.08−$44−11.05−$55$18,877
2025-06-0612:00→15:48EOD60009.20 / 11.503.90 / 2.605790 · 62100.13→0.07$1,414−11.05$1,403$18,943
2025-06-1212:00→15:48EOD60407.60 / 12.101.35 / 5.005830 · 62500.21→0.08$1,322−11.05$1,311$19,051
2025-06-1612:00→15:48EOD60409.50 / 8.620.65 / 8.105830 · 62500.28→0.06$915−11.05$904$19,216
2025-06-1812:00→15:48EOD600018.40 / 16.001.70 / 9.115790 · 62100.32→0.07$2,334−11.05$2,323$17,592
2025-06-2512:00→15:48EOD609010.30 / 5.912.00 / 2.505880 · 63000.13→0.06$1,164−11.05$1,153$19,392
2025-06-2712:00→13:46STOP61807.20 / 6.201.80 / 17.505960 · 64000.10→0.18−$582−11.05−$593$20,670
2025-06-3012:00→15:48EOD61909.30 / 9.7018.00 / 0.625970 · 64100.13→0.06$31−11.05$20$20,113
2025-07-0112:00→15:48EOD619010.10 / 6.4018.70 / 0.105970 · 64100.08→0.10−$228−11.05−$239$20,358
2025-07-0312:00→12:59EOD62805.60 / 3.100.10 / 3.006060 · 65000.08→0.08$560−11.05$549$21,138
2025-07-0812:00→15:48EOD62309.80 / 7.101.15 / 4.326010 · 64500.08→0.06$1,141−11.05$1,130$20,318
2025-07-0912:00→15:48EOD624010.10 / 7.0020.10 / 0.056020 · 64600.06→0.06−$305−11.05−$316$20,296
2025-07-1012:00→15:48EOD62805.30 / 7.904.30 / 1.006060 · 65000.08→0.06$788−11.05$777$20,688
2025-07-1112:00→15:48EOD62609.18 / 7.395.70 / 0.956040 · 64800.08→0.06$990−11.05$979$20,351
2025-07-1412:00→15:48EOD62606.50 / 6.157.40 / 0.256040 · 64800.06→0.08$502−11.05$491$20,741
2025-07-1712:00→15:48EOD62907.70 / 5.5012.80 / 0.156070 · 65100.10→0.06$21−11.05$10$20,690
2025-07-2112:00→15:10STOP63305.57 / 5.200.55 / 16.206110 · 65500.13→0.08−$603−11.05−$614$20,936
2025-07-2212:00→15:48EOD63005.50 / 8.0014.20 / 0.056080 · 65200.09→0.08−$76−11.05−$87$20,659
2025-07-2512:00→13:32STOP63805.60 / 5.8014.98 / 1.156160 · 66000.13→0.13−$473−11.05−$484$20,873
2025-07-2812:00→15:48EOD63907.70 / 5.100.17 / 7.066170 · 66100.06→0.06$557−11.05$546$20,726
2025-07-2912:00→15:48EOD63806.50 / 6.800.20 / 10.576160 · 66000.08→0.08$253−11.05$242$20,678
2025-08-0412:00→15:48EOD63207.95 / 8.804.80 / 1.056100 · 65400.13→0.08$1,085−11.05$1,074$20,338
2025-08-0512:00→15:48EOD63009.90 / 9.364.10 / 1.856080 · 65200.09→0.09$1,331−11.05$1,320$20,083
2025-08-0612:00→15:48EOD634010.15 / 6.509.00 / 0.226120 · 65600.08→0.06$741−11.05$730$20,343
2025-08-0712:00→14:17STOP63408.90 / 12.000.55 / 27.706120 · 65600.08→0.06−$737−11.05−$748$19,918
2025-08-0812:00→15:48EOD63809.00 / 7.003.90 / 1.806160 · 66000.15→0.08$1,023−11.05$1,012$20,415
2025-08-1912:00→12:41STOP64305.50 / 9.501.30 / 19.106200 · 66600.08→0.06−$542−11.05−$553$21,508
2025-08-2012:00→15:18STOP63709.20 / 11.2028.63 / 0.176150 · 65900.08→0.06−$842−11.05−$853$19,968
2025-08-2112:00→15:48EOD63709.60 / 12.822.30 / 3.506150 · 65900.08→0.05$1,659−11.05$1,648$19,766
2025-08-2212:00→15:48EOD64708.38 / 10.200.90 / 4.606240 · 67000.13→0.08$1,303−11.05$1,292$21,155
2025-08-2712:00→12:26STOP64804.34 / 5.402.00 / 11.206250 · 67100.06→0.06−$346−11.05−$357$22,032
2025-08-2912:00→15:48EOD645011.80 / 8.6011.52 / 0.856220 · 66800.10→0.08$801−11.05$790$20,970
2025-09-0412:00→14:51STOP64708.40 / 5.1018.00 / 0.306240 · 67000.12→0.10−$482−11.05−$493$21,662
2025-09-0512:00→15:48EOD647010.80 / 11.009.10 / 0.956240 · 67000.15→0.08$1,168−11.05$1,157$20,835
2025-09-0912:00→13:11STOP64907.70 / 5.4017.00 / 1.256260 · 67200.08→0.08−$515−11.05−$526$21,698
2025-09-1712:00→15:48EOD660022.80 / 23.405.73 / 3.706370 · 68300.47→0.10$3,640−11.05$3,629$18,427
2025-09-1812:00→15:48EOD663010.50 / 7.002.20 / 4.206400 · 68600.10→0.06$1,106−11.05$1,095$21,260
2025-09-2412:00→15:48EOD66309.50 / 10.806.30 / 0.856400 · 68600.10→0.08$1,313−11.05$1,302$20,980
2025-09-2512:00→13:21STOP66207.70 / 10.701.05 / 26.016390 · 68500.10→0.08−$868−11.05−$879$21,170
2025-10-0712:00→15:48EOD671010.20 / 9.506.60 / 0.526480 · 69400.18→0.08$1,248−11.05$1,237$21,048
2025-10-1312:00→15:48EOD665011.90 / 11.604.41 / 2.406420 · 68800.15→0.09$1,663−11.05$1,652$20,665
2025-10-1412:00→15:48EOD665011.90 / 15.502.15 / 17.316420 · 68800.32→0.08$770−11.05$759$20,292
2025-10-1512:00→13:08STOP668013.80 / 16.002.60 / 42.046450 · 69100.13→0.18−$1,479−11.05−$1,490$20,033
2025-10-2212:00→12:30STOP671010.90 / 11.203.20 / 39.006480 · 69400.13→0.33−$1,990−11.05−$2,001$20,803
2025-10-2912:00→15:48EOD690018.60 / 16.900.75 / 13.936660 · 71400.14→0.10$2,078−11.05$2,067$20,464
2025-10-3012:00→15:48EOD686012.40 / 16.430.05 / 32.506620 · 71000.08→0.08−$372−11.05−$383$21,125
2025-11-0512:00→15:48EOD681012.30 / 7.604.20 / 1.956570 · 70500.08→0.08$1,375−11.05$1,364$22,018
2025-11-0612:00→15:48EOD672015.80 / 16.909.40 / 2.246480 · 69600.10→0.13$2,109−11.05$2,098$20,740
2025-11-1012:00→12:55STOP67909.60 / 11.3027.50 / 1.756550 · 70300.13→0.08−$840−11.05−$851$21,923
2025-11-1812:00→15:48EOD663020.40 / 18.306.18 / 5.396400 · 68600.06→0.05$2,712−11.05$2,701$19,136
2025-11-1912:00→12:37STOP664017.70 / 15.005.00 / 39.366410 · 68700.08→0.13−$1,161−11.05−$1,172$19,738
2025-11-2412:00→15:48EOD669012.50 / 10.3713.88 / 0.406460 · 69200.30→0.10$839−11.05$828$20,743
2025-11-2512:00→12:24STOP673012.40 / 8.1024.60 / 3.076490 · 69700.11→0.11−$717−11.05−$728$21,961
2025-12-0412:00→14:20STOP68608.00 / 10.280.75 / 25.906620 · 71000.06→0.06−$837−11.05−$848$22,178
2025-12-0812:00→15:48EOD684010.80 / 9.301.45 / 4.606600 · 70800.08→0.06$1,403−11.05$1,392$21,998
2025-12-0912:00→15:48EOD68607.30 / 5.740.07 / 15.306620 · 71000.10→0.08−$235−11.05−$246$22,706
2025-12-1012:00→15:48EOD685018.10 / 22.0043.60 / 0.036610 · 70900.13→0.08−$358−11.05−$369$20,003
2025-12-1212:00→15:48EOD682016.90 / 13.879.92 / 1.156580 · 70600.15→0.08$1,963−11.05$1,952$20,938
2025-12-1612:00→12:59STOP679011.60 / 10.702.87 / 27.346550 · 70300.07→0.06−$792−11.05−$803$21,777
2025-12-1712:00→15:48EOD675015.70 / 12.700.35 / 13.206510 · 69900.08→0.08$1,485−11.05$1,474$21,168
2025-12-1812:00→12:08STOP680011.60 / 9.205.80 / 24.006560 · 70400.13→0.13−$900−11.05−$911$21,933
2026-01-0212:00→15:48EOD68408.28 / 11.017.72 / 1.006600 · 70800.10→0.06$1,053−11.05$1,042$22,081
2026-01-1412:00→15:07STOP689012.20 / 9.9030.06 / 0.406650 · 71300.06→0.08−$834−11.05−$845$21,796
2026-01-2112:00→14:28STOP683012.60 / 14.0034.80 / 1.806590 · 70700.13→0.08−$1,005−11.05−$1,016$21,353
2026-01-2812:00→15:48EOD697016.20 / 14.207.54 / 0.856730 · 72100.12→0.10$2,199−11.05$2,188$20,972
2026-01-2912:00→15:38STOP691015.09 / 11.2037.50 / 0.056670 · 71500.10→0.08−$1,128−11.05−$1,139$21,381
2026-01-3012:00→13:20STOP693012.30 / 14.803.20 / 33.506690 · 71700.13→0.08−$965−11.05−$976$21,303
2026-02-0312:00→12:12STOP693011.10 / 12.777.70 / 28.406690 · 71700.06→0.13−$1,216−11.05−$1,227$21,619
2026-02-0412:00→12:28STOP689013.90 / 17.306.50 / 35.906650 · 71300.09→0.14−$1,115−11.05−$1,126$20,889
2026-02-0612:00→15:40STOP689014.00 / 10.5034.70 / 0.076650 · 71300.18→0.06−$1,039−11.05−$1,050$21,568
2026-02-0912:00→13:21STOP69805.90 / 9.351.25 / 19.706740 · 72200.13→0.08−$575−11.05−$586$22,488
2026-02-1112:00→15:48EOD694012.48 / 11.459.95 / 0.706700 · 71800.09→0.08$1,327−11.05$1,316$21,616
2026-02-1712:00→15:48EOD684013.47 / 16.207.00 / 1.256600 · 70800.10→0.08$2,140−11.05$2,129$21,043
2026-02-1812:00→14:57STOP689011.50 / 9.300.20 / 30.906650 · 71300.19→0.07−$1,042−11.05−$1,053$21,939
2026-02-1912:00→15:48EOD685015.10 / 13.586.10 / 2.156610 · 70900.08→0.08$2,043−11.05$2,032$21,140
2026-02-2312:00→15:48EOD684013.90 / 14.001.65 / 6.796600 · 70800.13→0.06$1,939−11.05$1,928$21,223
2026-02-2412:00→15:48EOD68809.60 / 8.6012.40 / 0.206640 · 71200.14→0.09$555−11.05$544$22,194
2026-02-2612:00→15:48EOD688014.47 / 12.7725.80 / 0.036640 · 71200.12→0.10$139−11.05$128$21,288
2026-02-2712:00→15:48EOD687012.70 / 12.904.50 / 5.006630 · 71100.08→0.08$1,610−11.05$1,599$21,448
2026-03-0212:00→15:48EOD688010.50 / 13.003.20 / 5.006640 · 71200.20→0.06$1,516−11.05$1,505$21,670
2026-03-0312:00→13:41STOP679016.60 / 18.1044.60 / 2.706550 · 70300.10→0.08−$1,262−11.05−$1,273$20,540
2026-03-0412:00→15:48EOD687012.57 / 10.008.90 / 0.606630 · 71100.13→0.08$1,302−11.05$1,291$21,756
2026-03-0512:00→12:30STOP683012.20 / 17.185.00 / 36.206590 · 70700.10→0.10−$1,182−11.05−$1,193$21,072
2026-03-0612:00→15:48EOD676019.20 / 18.800.50 / 20.206520 · 70000.14→0.08$1,724−11.05$1,713$20,214
2026-03-1112:00→15:48EOD675018.00 / 17.4017.70 / 0.356510 · 69900.10→0.06$1,731−11.05$1,720$20,470
2026-03-1212:00→15:48EOD670019.70 / 16.200.15 / 21.586470 · 69300.15→0.06$1,408−11.05$1,397$19,425
2026-03-1312:00→15:48EOD665017.50 / 21.500.30 / 21.506420 · 68800.22→0.08$1,706−11.05$1,695$19,122
2026-03-1612:00→15:48EOD670012.60 / 15.001.30 / 6.106470 · 69300.22→0.08$2,006−11.05$1,995$20,262
2026-03-1712:00→15:48EOD672011.25 / 13.242.85 / 1.956480 · 69600.12→0.08$1,965−11.05$1,954$21,563
2026-03-1912:00→15:06STOP659014.15 / 15.6046.20 / 1.556360 · 68200.15→0.10−$1,805−11.05−$1,816$20,040
2026-03-2312:00→15:48EOD659019.40 / 21.5013.00 / 0.306360 · 68200.22→0.06$2,744−11.05$2,733$18,932
2026-03-2412:00→15:48EOD658013.50 / 17.100.15 / 19.806350 · 68100.17→0.10$1,058−11.05$1,047$19,957
2026-03-2512:00→15:48EOD659017.50 / 13.601.85 / 5.506360 · 68200.10→0.08$2,373−11.05$2,362$19,900
2026-04-0212:00→15:48EOD656020.10 / 16.9010.08 / 0.756330 · 67900.25→0.06$2,598−11.05$2,587$19,325
2026-04-0612:00→15:48EOD660013.06 / 10.828.80 / 0.356370 · 68300.17→0.08$1,464−11.05$1,453$20,629
2026-04-0912:00→15:48EOD681014.60 / 9.9018.40 / 0.306570 · 70500.13→0.10$577−11.05$566$21,563
2026-04-1012:00→15:48EOD68209.30 / 12.700.32 / 9.496580 · 70600.17→0.08$1,210−11.05$1,199$21,817
2026-04-1612:00→12:33STOP70508.24 / 10.103.47 / 25.826800 · 73000.10→0.25−$1,080−11.05−$1,091$23,176
2026-04-2012:00→15:48EOD710010.10 / 11.103.50 / 1.156850 · 73500.10→0.08$1,653−11.05$1,642$22,890
2026-04-2112:00→13:06STOP71009.30 / 12.001.60 / 27.606850 · 73500.10→0.08−$792−11.05−$803$22,880
2026-04-2412:00→15:48EOD716011.60 / 9.503.40 / 1.806910 · 74100.15→0.06$1,581−11.05$1,570$22,905
2026-04-2712:00→15:48EOD71607.00 / 9.7017.50 / 0.056910 · 74100.12→0.10−$87−11.05−$98$23,342
2026-04-2812:00→15:48EOD712011.60 / 8.6519.81 / 0.056870 · 73700.09→0.07$37−11.05$26$22,984
2026-04-2912:00→15:48EOD712016.80 / 12.4011.15 / 0.506870 · 73700.08→0.06$1,753−11.05$1,742$22,088
2026-04-3012:00→14:00STOP717010.20 / 10.8531.70 / 1.376920 · 74200.13→0.08−$1,207−11.05−$1,218$22,908
2026-05-0412:00→15:48EOD720013.20 / 13.604.00 / 1.226950 · 74500.15→0.06$2,149−11.05$2,138$22,335
2026-05-0512:00→15:10STOP72509.90 / 6.1021.73 / 0.227000 · 75000.10→0.08−$597−11.05−$608$23,410
2026-05-0612:00→15:38STOP73407.60 / 9.6023.30 / 0.127080 · 76000.10→0.06−$626−11.05−$637$24,290
2026-05-0812:00→15:48EOD739011.30 / 7.706.60 / 0.457130 · 76500.13→0.06$1,188−11.05$1,177$24,113
2026-05-1112:00→15:48EOD74209.10 / 5.100.08 / 12.857160 · 76800.13→0.08$122−11.05$111$24,593
2026-05-1212:00→14:22STOP73508.70 / 12.4028.20 / 0.757090 · 76100.10→0.06−$789−11.05−$800$23,900
2026-05-1312:00→12:24STOP74208.30 / 8.5021.10 / 3.307160 · 76800.13→0.15−$758−11.05−$769$24,333
2026-05-1812:00→15:48EOD738013.60 / 13.5021.60 / 0.157120 · 76400.10→0.08$533−11.05$522$23,300
2026-05-1912:00→12:59STOP735014.30 / 12.3033.18 / 2.907090 · 76100.08→0.10−$946−11.05−$957$23,348
2026-05-2112:00→13:16STOP741015.50 / 10.5533.07 / 3.007150 · 76700.06→0.06−$1,002−11.05−$1,013$23,401
2026-05-2212:00→15:48EOD749012.20 / 10.700.10 / 19.857230 · 77500.12→0.06$289−11.05$278$23,722
2026-05-2612:00→15:48EOD751010.20 / 12.6013.10 / 0.177250 · 77700.15→0.10$948−11.05$937$23,735
2026-05-2712:00→15:48EOD75109.70 / 11.7011.21 / 0.307250 · 77700.08→0.06$987−11.05$976$23,868
2026-05-2812:00→15:48EOD75606.70 / 9.346.53 / 0.307300 · 78200.12→0.08$917−11.05$906$24,408
2026-05-2912:00→15:48EOD758011.30 / 9.2010.40 / 0.527310 · 78500.08→0.06$956−11.05$945$24,958
2026-06-1212:00→15:48EOD740026.05 / 21.3021.61 / 0.207140 · 76600.33→0.07$2,528−11.05$2,517$21,298
2026-06-1512:00→15:48EOD757011.60 / 7.100.20 / 11.027310 · 78300.18→0.08$738−11.05$727$24,148
2026-06-1612:00→15:48EOD754011.40 / 8.460.05 / 22.937280 · 78000.13→0.08−$317−11.05−$328$24,027
2026-06-1812:00→15:48EOD749013.85 / 10.0711.60 / 0.957230 · 77500.15→0.08$1,130−11.05$1,119$23,623
2026-06-2212:00→15:48EOD74809.50 / 14.100.08 / 15.527220 · 77400.10→0.06$796−11.05$785$23,650
2026-06-2312:00→15:48EOD739015.20 / 12.800.32 / 20.407130 · 76500.12→0.09$725−11.05$714$23,212
2026-06-2412:00→13:07STOP741013.10 / 11.502.07 / 34.907150 · 76700.09→0.09−$1,237−11.05−$1,248$23,549
2026-06-2512:00→15:48EOD737017.60 / 16.400.10 / 26.107110 · 76300.08→0.08$780−11.05$769$22,608
2026-06-2912:00→15:48EOD74208.10 / 12.6215.60 / 0.177160 · 76800.11→0.08$492−11.05$481$23,939
2026-07-0212:00→13:04STOP747015.02 / 13.402.42 / 36.677210 · 77300.12→0.15−$1,064−11.05−$1,075$23,170
2026-07-0712:00→15:48EOD750010.30 / 8.701.58 / 6.107240 · 77600.06→0.06$1,132−11.05$1,121$24,106
2026-07-0812:00→13:19STOP744013.10 / 15.7037.70 / 1.757180 · 77000.12→0.08−$1,069−11.05−$1,080$23,132
2026-07-1412:00→15:48EOD753011.50 / 11.0519.60 / 0.077270 · 77900.08→0.06$286−11.05$275$23,753
2026-07-1512:00→12:24STOP75509.40 / 8.203.03 / 22.247290 · 78100.08→0.08−$767−11.05−$778$24,248
2026-07-2112:00→15:48EOD75009.80 / 7.6010.10 / 0.227240 · 77600.08→0.06$706−11.05$695$24,268
2026-07-2212:00→15:38STOP75208.20 / 6.110.10 / 19.407260 · 77800.13→0.08−$524−11.05−$535$24,582
2026-07-2312:00→15:48EOD740016.20 / 12.720.45 / 15.607140 · 76600.08→0.07$1,286−11.05$1,275$23,116
2026-07-2712:00→15:48EOD740013.20 / 14.1012.30 / 0.507140 · 76600.08→0.08$1,450−11.05$1,439$23,278
2026-07-2812:00→15:48EOD74508.72 / 11.600.10 / 15.207190 · 77100.10→0.06$498−11.05$487$23,978
2026-07-3012:00→14:30STOP739016.90 / 12.3040.00 / 0.357130 · 76500.08→0.06−$1,117−11.05−$1,128$23,088
2026-07-3112:00→15:18STOP746011.45 / 14.5036.70 / 0.157200 · 77200.12→0.10−$1,092−11.05−$1,103$23,417
2026-08-0312:00→13:34STOP75808.60 / 5.2018.54 / 1.207310 · 78500.13→0.08−$599−11.05−$610$25,633
2026-08-0512:00→15:48EOD773014.10 / 13.408.00 / 0.777460 · 80000.09→0.08$1,872−11.05$1,861$24,259
2026-08-0612:00→15:48EOD770014.00 / 9.508.11 / 1.857430 · 79700.09→0.07$1,352−11.05$1,341$24,659
2026-08-1312:00→15:06STOP77808.50 / 8.5024.48 / 0.157510 · 80500.10→0.07−$766−11.05−$777$25,310
2026-08-1412:00→15:48EOD77905.30 / 8.150.30 / 7.307520 · 80600.08→0.06$583−11.05$572$25,663
2026-08-1712:00→13:23STOP77706.27 / 4.001.70 / 12.807500 · 80400.06→0.06−$423−11.05−$434$25,979
2026-08-1912:00→13:21STOP77306.90 / 8.701.45 / 20.337460 · 80000.06→0.06−$618−11.05−$629$25,446
2026-08-2412:00→15:48EOD76608.70 / 6.090.82 / 5.707390 · 79300.08→0.08$827−11.05$816$25,529
2026-08-2512:00→15:48EOD76708.20 / 5.223.60 / 1.207400 · 79400.07→0.05$860−11.05$849$25,665
2026-08-2812:00→15:48EOD773010.58 / 12.900.10 / 21.207460 · 80000.18→0.06$206−11.05$195$24,670
2026-09-0212:00→13:41STOP76805.30 / 9.600.60 / 19.507410 · 79500.13→0.08−$525−11.05−$536$25,523
2026-09-0812:00→15:48EOD76905.70 / 8.100.25 / 10.217420 · 79600.08→0.06$332−11.05$321$25,628
2026-09-0912:00→15:48EOD76406.40 / 10.204.20 / 1.257370 · 79100.10→0.08$1,113−11.05$1,102$25,350
2026-09-1012:00→15:48EOD760011.50 / 8.400.60 / 8.607330 · 78700.08→0.08$1,070−11.05$1,059$25,018
2026-09-1112:00→15:48EOD76708.80 / 6.970.15 / 9.107400 · 79400.09→0.09$652−11.05$641$25,432
2026-09-1412:00→12:51STOP76307.87 / 8.7520.00 / 2.907360 · 79000.08→0.13−$623−11.05−$634$25,346
2026-09-1512:00→15:48EOD758010.30 / 7.202.65 / 2.407310 · 78500.15→0.10$1,240−11.05$1,229$25,265
2026-09-1712:00→15:48EOD76406.34 / 8.702.35 / 2.107370 · 79100.08→0.06$1,057−11.05$1,046$25,504

Sundial Research is a research demonstration by the V6 systematic trading project. All results are backtested on historical exchange data (Jun 2024 – Sep 2026 for SPX), net of modelled commissions, exchange and regulatory fees and half the bid–ask spread. They are not live results, not a solicitation, and not investment advice. Options involve substantial risk of loss.