SUNDIAL RESEARCH
Strategy · SPX 0DTE · one contract throughout

Afternoon Pin

The 14:00 structure with a deliberately wide stop, riding dealer hedging that pins the index to high-open-interest strikes into the close.

$32,159
net profit per year, one contract
$20,956
defined-risk margin per trade (wing width − credit; exact value per trade in the blotter)
$270 (1.3%)
average net per trade, as % of its margin — held hours, never overnight
71%
win rate over 278 trades
$1,317
costs paid per year ($11.05/trade, itemized below)
−$6,223
max drawdown
< 1 in 1,000,000
odds these results are pure luck

Equity curve

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

0k10k20k30k40k50k60k70k202420252026$75,037

Monthly results

2024-06
+1.1k
2024-07
+3.5k
2024-08
+4.0k
2024-09
+2.7k
2024-10
+1.3k
2024-11
+3.3k
2024-12
+1.9k
2025-01
+2.9k
2025-02
+3.1k
2025-03
+8.7k
2025-04
+10.9k
2025-05
+2.1k
2025-06
+0.8k
2025-07
+1.1k
2025-08
+3.6k
2025-09
+4.2k
2025-10
−1.4k
2025-11
+4.3k
2025-12
+1.2k
2026-01
+0.8k
2026-02
−1.6k
2026-03
+1.3k
2026-04
+6.6k
2026-05
−5.1k
2026-06
+6.5k
2026-07
−0.4k
2026-08
+5.2k
2026-09
+2.4k

24 of 28 months positive · mean month $2,680 · worst month −$5,124

Trade logic, in full

Signal. Structural: on most sessions, market-makers hedging the day's open interest suppress late-day movement around heavily traded strikes (“pinning”). The final two hours are the calmest premium a 0DTE seller can buy.

Entry, 14:00 New York. Identical structure to Meridian: sell the at-the-money call and put, buy 3.5% wings, same credit and fill conditions.

Stop, 2.0× credit — and why it is wide. The tight-stop version of this exact trade was tested and rejected: in the 2026 regime change it bled to death from stop-outs while the wide-stop version kept earning. The wings — not the stop — carry catastrophe duty; the stop's only job is to cut the rare runaway afternoon.

Exit. 15:48 New York.

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
2024-06-0314:00→15:48EOD52608.10 / 7.7011.80 / 0.305080 · 54400.10→0.10$370−11.05$359$16,430
2024-06-0714:00→15:48EOD53608.70 / 4.100.22 / 11.405170 · 55500.10→0.10$118−11.05$107$17,730
2024-06-1014:00→15:48EOD53604.40 / 5.801.20 / 5.005170 · 55500.10→0.10$400−11.05$389$17,990
2024-06-2814:00→15:48EOD54807.80 / 7.501.80 / 11.275290 · 56700.10→0.10$223−11.05$212$17,480
2024-07-1814:00→15:48EOD55509.40 / 6.906.30 / 3.725360 · 57400.10→0.10$628−11.05$617$17,380
2024-07-2214:00→15:48EOD55608.90 / 6.057.90 / 1.205370 · 57500.10→0.10$585−11.05$574$17,515
2024-07-2414:00→15:48EOD54605.80 / 10.000.30 / 23.355270 · 56500.10→0.10−$785−11.05−$796$17,430
2024-07-2614:00→15:48EOD54709.00 / 13.101.75 / 9.905280 · 56600.10→0.10$1,045−11.05$1,034$16,800
2024-07-2914:00→15:48EOD54707.50 / 9.307.02 / 1.455280 · 56600.10→0.10$833−11.05$822$17,330
2024-07-3014:00→15:48EOD54309.50 / 7.9718.90 / 0.275240 · 56200.10→0.10−$170−11.05−$181$17,263
2024-07-3114:00→15:48EOD551018.51 / 16.6018.60 / 1.805320 · 57000.17→0.10$1,464−11.05$1,453$15,506
2024-08-0114:00→15:48EOD544010.85 / 13.215.10 / 6.015250 · 56300.10→0.10$1,295−11.05$1,284$16,604
2024-08-0214:00→15:48EOD531016.10 / 11.9030.60 / 0.555120 · 55000.22→0.10−$327−11.05−$338$16,222
2024-08-0514:00→15:48EOD520018.00 / 14.500.30 / 35.505020 · 53800.40→0.10−$360−11.05−$371$14,790
2024-08-0814:00→15:48EOD53209.60 / 14.104.00 / 7.805130 · 55100.15→0.10$1,185−11.05$1,174$16,645
2024-08-0914:00→15:48EOD534010.60 / 10.537.90 / 2.055150 · 55300.10→0.10$1,118−11.05$1,107$16,897
2024-08-1214:00→15:48EOD53409.10 / 10.902.00 / 6.805150 · 55300.12→0.10$1,118−11.05$1,107$17,012
2024-09-0314:00→15:40STOP55509.00 / 7.700.25 / 33.505360 · 57400.10→0.10−$1,705−11.05−$1,716$17,340
2024-09-0414:00→15:48EOD55206.90 / 9.104.70 / 4.605330 · 57100.10→0.10$670−11.05$659$17,410
2024-09-0514:00→15:48EOD551010.80 / 6.200.55 / 15.205320 · 57000.10→0.10$125−11.05$114$17,310
2024-09-0614:00→15:48EOD54208.50 / 12.804.30 / 6.335230 · 56100.10→0.10$1,067−11.05$1,056$16,880
2024-09-0914:00→15:48EOD546011.50 / 6.706.00 / 1.755270 · 56500.10→0.10$1,045−11.05$1,034$17,190
2024-09-1014:00→15:48EOD54807.00 / 7.6012.91 / 0.355290 · 56700.10→0.10$134−11.05$123$17,550
2024-09-1214:00→15:48EOD56007.35 / 8.901.50 / 7.305400 · 58000.10→0.10$745−11.05$734$18,385
2024-09-1614:00→15:48EOD56306.10 / 5.603.60 / 1.405430 · 58300.10→0.10$670−11.05$659$18,840
2024-10-0414:00→15:48EOD572010.40 / 6.5026.00 / 0.105520 · 59200.15→0.10−$925−11.05−$936$18,325
2024-10-0914:00→15:48EOD57806.90 / 8.8012.20 / 0.325580 · 59800.10→0.10$318−11.05$307$18,440
2024-10-2314:00→15:48EOD57805.80 / 8.9015.50 / 0.125580 · 59800.10→0.10−$92−11.05−$103$18,540
2024-10-2514:00→15:48EOD58109.80 / 8.464.20 / 2.105610 · 60100.10→0.10$1,196−11.05$1,185$18,184
2024-10-2814:00→15:48EOD58307.30 / 3.303.50 / 0.855630 · 60300.12→0.12$625−11.05$614$18,952
2024-10-2914:00→15:48EOD58403.58 / 4.404.40 / 0.705640 · 60400.10→0.10$288−11.05$277$19,212
2024-10-3114:00→15:48EOD57208.00 / 7.1015.10 / 0.755520 · 59200.10→0.10−$75−11.05−$86$18,500
2024-11-0114:00→15:48EOD573010.90 / 6.155.00 / 2.955530 · 59300.10→0.10$910−11.05$899$18,305
2024-11-0414:00→15:48EOD57304.00 / 8.800.07 / 15.205530 · 59300.10→0.10−$247−11.05−$258$18,730
2024-11-0514:00→15:48EOD57706.90 / 6.106.73 / 1.005570 · 59700.10→0.10$527−11.05$516$18,710
2024-11-1214:00→15:48EOD59905.80 / 4.802.40 / 2.355780 · 62000.10→0.10$585−11.05$574$19,950
2024-11-1914:00→15:48EOD59206.20 / 4.200.80 / 5.505710 · 61300.10→0.10$410−11.05$399$19,970
2024-11-2114:00→15:48EOD59604.90 / 7.801.35 / 5.705750 · 61700.10→0.10$565−11.05$554$19,740
2024-11-2214:00→15:48EOD59703.22 / 8.100.50 / 6.345760 · 61800.10→0.10$448−11.05$437$19,878
2024-11-2514:00→15:48EOD59902.80 / 7.500.35 / 7.915780 · 62000.10→0.10$204−11.05$193$19,980
2024-12-0314:00→15:48EOD60405.22 / 1.908.36 / 0.105830 · 62500.10→0.10−$134−11.05−$145$20,298
2024-12-0514:00→15:48EOD60806.20 / 2.573.80 / 0.655870 · 62900.10→0.10$432−11.05$421$20,133
2024-12-0914:00→14:51STOP60702.25 / 5.300.25 / 15.505860 · 62800.10→0.10−$820−11.05−$831$20,255
2024-12-1114:00→15:48EOD60902.12 / 5.000.50 / 3.605880 · 63000.10→0.10$302−11.05$291$20,298
2024-12-1214:00→15:48EOD60607.20 / 2.521.93 / 1.805850 · 62700.10→0.10$599−11.05$588$20,038
2024-12-2714:00→15:48EOD596010.10 / 6.703.20 / 3.975750 · 61700.10→0.10$963−11.05$952$19,330
2024-12-3114:00→15:48EOD588011.10 / 12.5014.80 / 2.075670 · 60900.10→0.10$673−11.05$662$18,650
2025-01-0314:00→15:48EOD59405.40 / 6.951.50 / 5.685730 · 61500.10→0.10$517−11.05$506$19,775
2025-01-0614:00→15:48EOD59806.20 / 9.700.15 / 16.305770 · 61900.10→0.10−$55−11.05−$66$19,420
2025-01-0814:00→15:48EOD590010.90 / 10.9011.19 / 0.555690 · 61100.10→0.10$1,006−11.05$995$18,830
2025-01-1314:00→15:48EOD58209.10 / 7.604.80 / 2.305620 · 60200.10→0.10$960−11.05$949$18,340
2025-01-1414:00→15:04STOP585010.80 / 6.420.55 / 36.605650 · 60500.10→0.10−$1,993−11.05−$2,004$18,288
2025-01-2414:00→15:48EOD61004.20 / 7.600.55 / 7.945890 · 63100.10→0.10$331−11.05$320$19,830
2025-01-2714:00→15:48EOD59906.70 / 8.8012.00 / 1.155780 · 62000.10→0.10$235−11.05$224$19,460
2025-01-2914:00→15:48EOD602019.80 / 18.6017.88 / 0.505810 · 62300.12→0.10$2,000−11.05$1,989$17,172
2025-02-0314:00→15:48EOD601010.75 / 10.551.95 / 9.705800 · 62200.10→0.10$965−11.05$954$18,880
2025-02-0714:00→15:48EOD603010.30 / 8.702.15 / 4.605820 · 62400.10→0.10$1,225−11.05$1,214$19,110
2025-02-1114:00→15:48EOD60702.85 / 7.601.00 / 4.405860 · 62800.10→0.10$505−11.05$494$19,965
2025-02-2514:00→15:48EOD59609.40 / 9.005.30 / 4.605750 · 61700.10→0.10$850−11.05$839$19,170
2025-02-2614:00→15:48EOD59409.80 / 11.5024.97 / 0.105730 · 61500.10→0.10−$377−11.05−$388$18,880
2025-03-0514:00→15:48EOD582017.90 / 15.6025.00 / 1.205620 · 60200.09→0.08$729−11.05$718$16,659
2025-03-0614:00→15:48EOD573019.00 / 16.0012.50 / 5.555530 · 59300.10→0.08$1,693−11.05$1,682$16,510
2025-03-0714:00→15:48EOD576020.00 / 15.0010.44 / 4.005560 · 59600.06→0.08$2,058−11.05$2,047$16,506
2025-03-1014:00→15:48EOD561018.10 / 13.907.30 / 9.005410 · 58100.08→0.10$1,572−11.05$1,561$16,808
2025-03-1114:00→14:54STOP556016.90 / 19.1074.00 / 1.055370 · 57500.08→0.10−$3,903−11.05−$3,914$15,408
2025-03-1214:00→15:48EOD559018.30 / 13.5014.70 / 1.905390 · 57900.08→0.06$1,518−11.05$1,507$16,828
2025-03-1314:00→15:48EOD551017.70 / 14.4012.40 / 2.105320 · 57000.08→0.04$1,756−11.05$1,745$15,798
2025-03-1414:00→15:48EOD56209.00 / 13.9010.50 / 1.085420 · 58200.08→0.06$1,130−11.05$1,119$17,718
2025-03-1814:00→15:48EOD561014.50 / 9.202.75 / 6.505410 · 58100.08→0.08$1,445−11.05$1,434$17,638
2025-03-1914:00→15:48EOD566018.34 / 23.5029.50 / 0.205460 · 58600.30→0.08$1,192−11.05$1,181$15,846
2025-03-2014:00→15:48EOD566010.40 / 10.8010.90 / 1.355460 · 58600.06→0.06$895−11.05$884$17,886
2025-03-2514:00→15:48EOD57704.20 / 8.606.30 / 1.325570 · 59700.06→0.06$518−11.05$507$18,726
2025-03-2614:00→15:48EOD57108.00 / 10.203.90 / 4.205510 · 59100.06→0.06$1,010−11.05$999$18,186
2025-03-2714:00→15:48EOD569010.90 / 8.4020.50 / 0.155490 · 58900.08→0.08−$135−11.05−$146$18,078
2025-03-3114:00→15:21STOP556011.40 / 14.2050.70 / 0.805370 · 57500.19→0.08−$2,601−11.05−$2,612$16,459
2025-04-0114:00→15:48EOD56109.20 / 10.5612.90 / 0.955410 · 58100.08→0.08$591−11.05$580$18,032
2025-04-1014:00→15:48EOD526043.00 / 41.512.81 / 49.235080 · 54405.85→0.15$2,677−11.05$2,666$10,134
2025-04-1114:00→15:48EOD536027.89 / 28.609.08 / 6.705170 · 55501.77→0.08$3,902−11.05$3,891$13,528
2025-04-1414:00→15:48EOD541016.80 / 15.4018.00 / 1.005220 · 56000.22→0.10$1,308−11.05$1,297$15,802
2025-04-1514:00→15:48EOD540014.90 / 11.101.90 / 9.705210 · 55900.10→0.08$1,438−11.05$1,427$16,410
2025-04-1614:00→15:48EOD527017.90 / 20.000.41 / 28.005090 · 54500.30→0.10$929−11.05$918$14,240
2025-04-2214:00→15:48EOD524012.70 / 16.5045.60 / 0.105060 · 54200.30→0.08−$1,672−11.05−$1,683$15,110
2025-04-2314:00→15:48EOD540017.70 / 14.900.29 / 32.005210 · 55900.20→0.08$19−11.05$8$15,760
2025-04-2414:00→15:48EOD547014.50 / 12.3016.10 / 1.055280 · 56600.17→0.06$954−11.05$943$16,337
2025-04-2514:00→15:48EOD549015.30 / 10.6022.20 / 0.405300 · 56800.10→0.08$328−11.05$317$16,420
2025-04-2814:00→15:48EOD55008.30 / 13.0727.20 / 0.155310 · 56900.10→0.08−$600−11.05−$611$16,873
2025-04-2914:00→15:48EOD55708.30 / 12.701.59 / 7.605380 · 57600.10→0.08$1,179−11.05$1,168$16,910
2025-05-0214:00→15:48EOD56909.50 / 6.452.10 / 10.005490 · 58900.13→0.08$380−11.05$369$18,418
2025-05-0614:00→15:48EOD560011.20 / 6.6028.70 / 0.075400 · 58000.06→0.10−$1,093−11.05−$1,104$18,226
2025-05-0714:00→15:48EOD561021.31 / 19.8023.98 / 1.505410 · 58100.45→0.08$1,526−11.05$1,515$15,934
2025-05-0914:00→15:48EOD56707.30 / 9.101.00 / 11.305470 · 58700.06→0.06$410−11.05$399$18,366
2025-05-1314:00→15:48EOD58909.50 / 5.8010.65 / 0.955680 · 61000.13→0.08$365−11.05$354$19,483
2025-05-1414:00→15:48EOD58906.30 / 7.401.80 / 8.905680 · 61000.08→0.10$302−11.05$291$19,638
2025-05-1514:00→15:48EOD59107.90 / 7.004.90 / 4.205700 · 61200.13→0.06$573−11.05$562$19,523
2025-05-2014:00→15:02STOP59407.50 / 5.300.60 / 27.005730 · 61500.08→0.08−$1,480−11.05−$1,491$19,728
2025-05-2214:00→15:48EOD58707.30 / 10.901.70 / 8.605660 · 60800.12→0.08$786−11.05$775$19,192
2025-05-2314:00→15:48EOD582010.20 / 9.402.40 / 9.905620 · 60200.08→0.08$730−11.05$719$18,048
2025-05-2814:00→15:48EOD59106.70 / 5.901.45 / 8.605700 · 61200.06→0.08$257−11.05$246$19,746
2025-05-2914:00→15:48EOD59009.60 / 8.6010.90 / 1.705690 · 61100.08→0.08$560−11.05$549$19,188
2025-05-3014:00→15:48EOD588010.50 / 14.0033.64 / 1.155670 · 60900.08→0.10−$1,027−11.05−$1,038$18,558
2025-06-0214:00→15:24STOP59106.60 / 6.3026.50 / 0.255700 · 61200.06→0.08−$1,383−11.05−$1,394$19,716
2025-06-0414:00→15:48EOD59904.90 / 7.000.10 / 14.215780 · 62000.08→0.08−$241−11.05−$252$19,818
2025-06-0614:00→15:48EOD60009.40 / 5.503.90 / 2.605790 · 62100.08→0.07$839−11.05$828$19,518
2025-06-1114:00→14:15STOP60405.60 / 10.351.88 / 33.895830 · 62500.08→0.08−$1,982−11.05−$1,993$19,413
2025-06-1214:00→15:48EOD60407.00 / 6.001.35 / 5.005830 · 62500.08→0.08$665−11.05$654$19,708
2025-06-1714:00→15:48EOD598012.00 / 9.0010.02 / 1.055770 · 61900.13→0.08$988−11.05$977$18,913
2025-06-1814:00→15:48EOD601015.30 / 15.000.32 / 17.825800 · 62200.15→0.08$1,209−11.05$1,198$17,985
2025-06-2314:00→15:48EOD60107.40 / 8.107.48 / 0.905800 · 62200.28→0.08$692−11.05$681$19,478
2025-06-2614:00→15:48EOD61402.30 / 6.202.00 / 2.505930 · 63500.10→0.08$398−11.05$387$20,160
2025-06-2714:00→15:48EOD61608.80 / 5.803.00 / 3.835940 · 63800.10→0.10$777−11.05$766$20,550
2025-06-3014:00→15:48EOD618010.70 / 6.1027.00 / 0.155960 · 64000.06→0.06−$1,035−11.05−$1,046$20,326
2025-07-0714:00→15:48EOD62209.20 / 4.352.15 / 3.506000 · 64400.08→0.06$788−11.05$777$20,653
2025-07-0814:00→15:48EOD62307.00 / 4.801.15 / 4.326010 · 64500.06→0.06$633−11.05$622$20,826
2025-07-0914:00→15:48EOD62504.80 / 5.7010.25 / 0.156030 · 64700.06→0.06$10−11.05−$1$20,956
2025-07-1414:00→15:48EOD62703.00 / 4.500.78 / 3.776050 · 64900.06→0.06$295−11.05$284$21,256
2025-07-1614:00→15:48EOD62505.50 / 5.0016.70 / 0.086030 · 64700.08→0.08−$628−11.05−$639$20,958
2025-07-2114:00→15:09STOP63304.60 / 2.350.60 / 13.716110 · 65500.06→0.08−$734−11.05−$745$21,311
2025-07-2514:00→15:48EOD63904.76 / 3.404.80 / 0.806170 · 66100.10→0.06$252−11.05$241$21,194
2025-07-2814:00→15:48EOD63805.40 / 3.983.90 / 0.706160 · 66000.06→0.06$478−11.05$467$21,068
2025-07-2914:00→15:48EOD63802.75 / 6.500.20 / 10.576160 · 66000.10→0.08−$154−11.05−$165$21,085
2025-07-3114:00→15:48EOD636011.10 / 11.801.25 / 18.776140 · 65800.15→0.08$281−11.05$270$19,725
2025-08-0114:00→15:48EOD62308.70 / 12.7016.80 / 0.886010 · 64500.08→0.08$372−11.05$361$19,868
2025-08-0414:00→15:48EOD63204.30 / 5.404.80 / 1.056100 · 65400.08→0.08$385−11.05$374$21,038
2025-08-0614:00→15:48EOD63406.90 / 3.309.00 / 0.226120 · 65600.08→0.06$96−11.05$85$20,988
2025-08-0714:00→15:48EOD63306.30 / 7.904.42 / 2.586110 · 65500.08→0.06$718−11.05$707$20,588
2025-08-0814:00→15:48EOD63906.90 / 3.470.45 / 8.306170 · 66100.08→0.08$162−11.05$151$20,971
2025-08-1114:00→15:48EOD63808.00 / 3.601.35 / 5.206160 · 66000.08→0.08$505−11.05$494$20,848
2025-08-2014:00→15:48EOD63904.99 / 9.9013.86 / 0.206170 · 66100.10→0.10$83−11.05$72$20,521
2025-08-2114:00→15:48EOD63709.10 / 5.602.30 / 3.506150 · 65900.05→0.05$890−11.05$879$20,535
2025-08-2214:00→15:48EOD64707.62 / 3.100.90 / 4.606240 · 67000.06→0.08$524−11.05$513$21,934
2025-08-2714:00→15:48EOD64803.80 / 3.005.70 / 0.956250 · 67100.05→0.05$15−11.05$4$22,325
2025-09-0214:00→15:48EOD64006.50 / 7.607.60 / 0.756180 · 66200.08→0.08$575−11.05$564$20,598
2025-09-0414:00→15:48EOD64806.47 / 2.4512.76 / 0.176250 · 67100.10→0.08−$403−11.05−$414$22,118
2025-09-0514:00→15:48EOD64609.71 / 5.8018.40 / 0.206230 · 66900.10→0.10−$309−11.05−$320$21,459
2025-09-0814:00→15:48EOD64903.17 / 7.505.40 / 0.856260 · 67200.10→0.10$442−11.05$431$21,943
2025-09-1614:00→15:48EOD66103.60 / 4.802.90 / 1.756380 · 68400.06→0.06$375−11.05$364$22,166
2025-09-1714:00→15:48EOD661022.66 / 21.961.90 / 8.506380 · 68400.25→0.06$3,403−11.05$3,392$18,563
2025-09-2314:00→15:48EOD66605.42 / 8.701.00 / 6.426430 · 68900.08→0.08$670−11.05$659$21,596
2025-09-2414:00→15:48EOD66306.40 / 5.206.30 / 0.856400 · 68600.08→0.08$445−11.05$434$21,848
2025-09-2514:00→15:48EOD65807.90 / 10.0017.70 / 0.156350 · 68100.06→0.04$3−11.05−$8$21,216
2025-09-2614:00→15:48EOD66405.89 / 5.123.12 / 1.656410 · 68700.07→0.07$624−11.05$613$21,906
2025-09-3014:00→15:25STOP66507.25 / 6.7028.33 / 0.206420 · 68800.08→0.08−$1,458−11.05−$1,469$21,613
2025-10-0314:00→15:48EOD671010.39 / 7.7013.90 / 0.176480 · 69400.08→0.08$402−11.05$391$21,199
2025-10-0714:00→15:48EOD67009.40 / 4.5016.30 / 0.056470 · 69300.08→0.10−$243−11.05−$254$21,618
2025-10-0914:00→15:48EOD67208.20 / 3.4014.01 / 0.106480 · 69600.10→0.06−$255−11.05−$266$22,850
2025-10-1314:00→15:48EOD66604.43 / 9.000.58 / 8.756430 · 68900.08→0.08$410−11.05$399$21,665
2025-10-1514:00→15:48EOD66708.98 / 13.003.68 / 4.486440 · 69000.06→0.06$1,382−11.05$1,371$20,808
2025-10-1614:00→15:48EOD664011.80 / 15.900.72 / 21.906410 · 68700.07→0.08$509−11.05$498$20,237
2025-10-2214:00→15:48EOD667013.50 / 9.2030.70 / 0.126440 · 69000.08→0.08−$812−11.05−$823$20,738
2025-10-3014:00→15:22STOP686010.50 / 5.600.43 / 33.506620 · 71000.08→0.08−$1,783−11.05−$1,794$22,398
2025-10-3114:00→15:48EOD683012.60 / 8.5030.00 / 0.126590 · 70700.08→0.06−$904−11.05−$915$21,898
2025-11-0314:00→15:48EOD68604.50 / 7.200.12 / 12.606620 · 71000.08→0.06−$104−11.05−$115$22,838
2025-11-0414:00→15:48EOD678010.90 / 6.603.50 / 3.876540 · 70200.05→0.06$1,014−11.05$1,003$22,255
2025-11-0614:00→15:48EOD67407.60 / 11.400.85 / 13.586500 · 69800.08→0.08$457−11.05$446$22,108
2025-11-0714:00→15:48EOD66808.50 / 13.1036.04 / 0.176450 · 69100.06→0.08−$1,459−11.05−$1,470$20,846
2025-11-1214:00→15:48EOD685010.00 / 5.305.00 / 1.906610 · 70900.08→0.06$838−11.05$827$22,478
2025-11-1314:00→15:48EOD674014.70 / 10.306.00 / 4.406500 · 69800.08→0.06$1,458−11.05$1,447$21,508
2025-11-1414:00→15:48EOD675012.50 / 10.400.52 / 17.136510 · 69900.09→0.06$522−11.05$511$21,719
2025-11-1714:00→15:48EOD668015.30 / 11.200.85 / 15.146450 · 69100.08→0.08$1,051−11.05$1,040$20,358
2025-11-1914:00→15:48EOD664010.80 / 13.207.10 / 4.106410 · 68700.06→0.06$1,280−11.05$1,269$20,606
2025-11-2414:00→15:48EOD67105.40 / 6.601.30 / 7.906480 · 69400.14→0.05$271−11.05$260$21,814
2025-11-2514:00→15:48EOD67507.80 / 3.8521.10 / 0.056510 · 69900.08→0.08−$950−11.05−$961$22,843
2025-12-0414:00→14:22STOP68507.49 / 4.001.80 / 22.076610 · 70900.10→0.10−$1,238−11.05−$1,249$22,861
2025-12-0814:00→15:48EOD68308.30 / 5.907.50 / 0.806590 · 70700.06→0.06$590−11.05$579$22,586
2025-12-1214:00→15:48EOD68406.10 / 10.500.60 / 12.006600 · 70800.08→0.06$398−11.05$387$22,348
2025-12-1614:00→15:48EOD67905.81 / 9.1016.32 / 0.156550 · 70300.06→0.06−$156−11.05−$167$22,515
2025-12-1714:00→15:48EOD673010.90 / 7.208.40 / 1.056490 · 69700.06→0.06$865−11.05$854$22,196
2025-12-1814:00→15:48EOD67907.20 / 8.703.70 / 4.006550 · 70300.07→0.05$818−11.05$807$22,417
2026-01-0214:00→14:30STOP68309.00 / 4.5026.90 / 0.556590 · 70700.08→0.08−$1,395−11.05−$1,406$22,658
2026-01-1414:00→15:48EOD69104.50 / 9.304.70 / 3.156670 · 71500.06→0.06$595−11.05$584$22,626
2026-01-2014:00→15:48EOD681012.90 / 8.000.30 / 16.626570 · 70500.08→0.08$398−11.05$387$21,918
2026-01-2114:00→14:28STOP68309.23 / 6.7034.80 / 1.806590 · 70700.08→0.08−$2,067−11.05−$2,078$22,415
2026-01-2614:00→15:48EOD69603.40 / 5.401.50 / 2.306720 · 72000.08→0.06$498−11.05$487$23,128
2026-01-2814:00→15:48EOD698010.70 / 12.901.55 / 4.956740 · 72200.08→0.08$1,710−11.05$1,699$21,648
2026-01-3014:00→15:48EOD694012.57 / 10.907.50 / 4.406700 · 71800.13→0.08$1,152−11.05$1,141$21,666
2026-02-0214:00→15:48EOD69903.35 / 5.600.15 / 12.106750 · 72300.12→0.10−$332−11.05−$343$23,117
2026-02-0314:00→15:48EOD687013.30 / 10.4039.00 / 0.076630 · 71100.08→0.08−$1,537−11.05−$1,548$21,638
2026-02-0414:00→15:48EOD686014.50 / 9.8045.00 / 0.036620 · 71000.08→0.08−$2,073−11.05−$2,084$21,578
2026-02-0514:00→15:48EOD681010.90 / 14.800.47 / 22.506570 · 70500.10→0.10$273−11.05$262$21,440
2026-02-0614:00→15:48EOD69107.50 / 6.0021.24 / 0.156670 · 71500.13→0.08−$794−11.05−$805$22,663
2026-02-1014:00→15:48EOD69604.60 / 9.201.02 / 5.806720 · 72000.08→0.08$698−11.05$687$22,628
2026-02-1114:00→15:48EOD69505.60 / 7.402.60 / 3.306710 · 71900.10→0.10$710−11.05$699$22,710
2026-02-1714:00→15:48EOD68608.74 / 10.400.25 / 13.606620 · 71000.09→0.07$527−11.05$516$22,095
2026-02-1814:00→14:57STOP68907.10 / 8.300.20 / 30.906650 · 71300.09→0.07−$1,572−11.05−$1,583$22,469
2026-02-1914:00→15:48EOD685010.80 / 7.416.10 / 2.156610 · 70900.08→0.08$996−11.05$985$22,187
2026-02-2314:00→15:48EOD68407.70 / 9.111.65 / 6.796600 · 70800.08→0.06$835−11.05$824$22,327
2026-02-2414:00→15:48EOD68906.30 / 4.503.70 / 1.856650 · 71300.10→0.10$525−11.05$514$22,930
2026-02-2514:00→15:48EOD69404.80 / 2.459.93 / 0.136700 · 71800.08→0.08−$281−11.05−$292$23,283
2026-02-2614:00→15:48EOD68907.82 / 7.8716.41 / 0.106650 · 71300.08→0.08−$82−11.05−$93$22,439
2026-02-2714:00→15:48EOD68607.50 / 11.5010.88 / 1.406620 · 71000.07→0.06$671−11.05$660$22,107
2026-03-0214:00→14:37STOP68706.67 / 8.9031.02 / 0.706630 · 71100.07→0.07−$1,615−11.05−$1,626$22,450
2026-03-0414:00→15:48EOD68806.13 / 6.702.05 / 3.606640 · 71200.10→0.06$714−11.05$703$22,727
2026-03-0514:00→15:48EOD678013.46 / 10.8037.00 / 0.056540 · 70200.10→0.08−$1,281−11.05−$1,292$21,584
2026-03-0614:00→15:48EOD676010.50 / 14.500.50 / 20.206520 · 70000.10→0.08$428−11.05$417$21,510
2026-03-1114:00→15:48EOD676012.20 / 11.708.30 / 1.356520 · 70000.08→0.06$1,423−11.05$1,412$21,618
2026-03-1214:00→15:48EOD670010.90 / 14.200.15 / 21.586470 · 69300.15→0.06$328−11.05$317$20,505
2026-03-1314:00→15:48EOD664011.00 / 13.251.15 / 11.766410 · 68700.08→0.08$1,134−11.05$1,123$20,583
2026-03-1614:00→15:48EOD67006.50 / 9.401.30 / 6.106470 · 69300.08→0.08$850−11.05$839$21,418
2026-03-1714:00→15:48EOD67209.30 / 4.302.85 / 1.956480 · 69600.10→0.08$878−11.05$867$22,650
2026-03-1914:00→15:02STOP65808.20 / 9.1036.40 / 1.856350 · 68100.06→0.08−$2,093−11.05−$2,104$21,276
2026-03-2414:00→15:48EOD657012.50 / 11.200.77 / 10.156340 · 68000.10→0.07$1,275−11.05$1,264$20,640
2026-03-2514:00→15:48EOD660011.90 / 7.600.25 / 13.696370 · 68300.13→0.08$551−11.05$540$21,063
2026-03-2614:00→15:48EOD65009.45 / 13.700.32 / 18.446270 · 67300.17→0.08$430−11.05$419$20,702
2026-03-3114:00→15:48EOD649015.20 / 12.6043.40 / 0.156260 · 67200.22→0.08−$1,589−11.05−$1,600$20,242
2026-04-0114:00→15:48EOD659010.85 / 10.502.15 / 5.516360 · 68200.15→0.08$1,362−11.05$1,351$20,880
2026-04-0214:00→15:48EOD656010.40 / 10.8010.08 / 0.756330 · 67900.13→0.06$1,030−11.05$1,019$20,893
2026-04-0614:00→15:48EOD65907.20 / 8.7018.20 / 0.096360 · 68200.12→0.08−$243−11.05−$254$21,422
2026-04-0714:00→15:48EOD659010.80 / 8.1014.22 / 0.606360 · 68200.12→0.08$404−11.05$393$21,122
2026-04-1014:00→15:48EOD68204.90 / 7.300.32 / 9.496580 · 70600.12→0.08$235−11.05$224$22,792
2026-04-1414:00→15:48EOD69607.40 / 5.105.90 / 1.756720 · 72000.13→0.06$478−11.05$467$22,763
2026-04-1514:00→15:48EOD70004.12 / 8.5021.39 / 0.056750 · 72500.10→0.08−$884−11.05−$895$23,748
2026-04-2014:00→15:48EOD71005.80 / 5.503.50 / 1.156850 · 73500.10→0.08$663−11.05$652$23,880
2026-04-2114:00→15:48EOD708010.50 / 6.500.51 / 17.526830 · 73300.08→0.06−$105−11.05−$116$23,308
2026-04-2314:00→15:48EOD709013.30 / 15.5011.90 / 0.876840 · 73400.12→0.15$1,606−11.05$1,595$22,132
2026-04-2414:00→15:48EOD71606.00 / 7.303.40 / 1.806910 · 74100.10→0.06$806−11.05$795$23,680
2026-04-2814:00→15:48EOD71308.30 / 4.1010.10 / 0.206880 · 73800.10→0.08$208−11.05$197$23,770
2026-04-2914:00→15:48EOD712013.60 / 9.7411.15 / 0.506870 · 73700.06→0.06$1,169−11.05$1,158$22,672
2026-05-0414:00→15:48EOD72104.40 / 7.750.45 / 7.306960 · 74600.07→0.07$440−11.05$429$23,792
2026-05-0614:00→15:18STOP73407.78 / 3.0621.80 / 0.307080 · 76000.08→0.08−$1,126−11.05−$1,137$24,924
2026-05-0714:00→15:48EOD73408.50 / 8.100.70 / 6.807080 · 76000.08→0.06$908−11.05$897$24,348
2026-05-0814:00→15:48EOD74004.10 / 7.100.80 / 4.807140 · 76600.13→0.08$555−11.05$544$24,893
2026-05-1214:00→15:34STOP73708.80 / 6.4030.50 / 0.107110 · 76300.10→0.10−$1,540−11.05−$1,551$24,490
2026-05-1414:00→15:48EOD74909.80 / 5.8017.00 / 0.127230 · 77500.06→0.08−$150−11.05−$161$24,446
2026-05-1814:00→14:58STOP73907.00 / 10.200.35 / 36.557130 · 76500.08→0.08−$1,970−11.05−$1,981$24,288
2026-05-2114:00→14:54STOP74609.00 / 10.450.95 / 38.607200 · 77200.08→0.08−$2,010−11.05−$2,021$24,063
2026-05-2214:00→15:48EOD74908.80 / 7.500.10 / 19.857230 · 77500.10→0.06−$369−11.05−$380$24,380
2026-05-2614:00→15:48EOD75105.10 / 8.3013.10 / 0.177250 · 77700.10→0.10$13−11.05$2$24,670
2026-05-2714:00→15:48EOD75108.10 / 4.6011.21 / 0.307250 · 77700.08→0.06$117−11.05$106$24,738
2026-05-2814:00→15:48EOD75606.80 / 2.906.53 / 0.307300 · 78200.09→0.08$286−11.05$275$25,039
2026-05-2914:00→15:48EOD75709.40 / 9.2019.80 / 0.127310 · 78300.10→0.08−$134−11.05−$145$24,150
2026-06-0814:00→15:48EOD74308.00 / 10.300.10 / 21.757170 · 76900.08→0.08−$355−11.05−$366$24,178
2026-06-0914:00→15:48EOD734018.00 / 15.407.10 / 5.697080 · 76000.18→0.08$2,051−11.05$2,040$22,678
2026-06-1114:00→15:48EOD736017.70 / 13.3035.35 / 0.127100 · 76200.07→0.06−$448−11.05−$459$22,907
2026-06-1214:00→15:48EOD74309.90 / 14.201.50 / 10.007170 · 76900.15→0.10$1,255−11.05$1,244$23,605
2026-06-1514:00→15:48EOD75608.20 / 5.702.20 / 3.207300 · 78200.09→0.05$846−11.05$835$24,619
2026-06-1614:00→15:48EOD75307.50 / 6.000.22 / 12.907270 · 77900.10→0.10$38−11.05$27$24,660
2026-06-1814:00→15:48EOD75006.17 / 8.503.90 / 3.507240 · 77600.08→0.06$725−11.05$714$24,541
2026-06-2214:00→15:48EOD74805.30 / 8.100.08 / 15.527220 · 77400.08→0.06−$222−11.05−$233$24,668
2026-06-2314:00→15:48EOD739010.80 / 8.000.32 / 20.407130 · 76500.10→0.09−$193−11.05−$204$24,130
2026-06-2414:00→15:48EOD735012.10 / 13.103.80 / 5.407090 · 76100.08→0.06$1,598−11.05$1,587$23,488
2026-06-2514:00→15:48EOD736012.10 / 11.400.50 / 17.207100 · 76200.10→0.06$576−11.05$565$23,660
2026-06-2914:00→15:48EOD74308.10 / 6.806.37 / 1.057170 · 76900.10→0.06$744−11.05$733$24,520
2026-07-0214:00→15:48EOD743011.50 / 9.3028.10 / 0.107170 · 76900.08→0.06−$742−11.05−$753$23,928
2026-07-0714:00→15:08STOP75204.80 / 7.500.30 / 24.507260 · 77800.06→0.05−$1,251−11.05−$1,262$24,776
2026-07-0814:00→15:48EOD747011.70 / 8.305.90 / 2.207210 · 77300.08→0.06$1,188−11.05$1,177$24,008
2026-07-1314:00→15:48EOD75208.80 / 6.251.20 / 7.007260 · 77800.10→0.10$685−11.05$674$24,505
2026-07-1414:00→15:48EOD75503.90 / 7.401.95 / 2.357290 · 78100.08→0.06$698−11.05$687$24,878
2026-07-1614:00→15:46STOP75407.65 / 7.650.05 / 31.307280 · 78000.08→0.08−$1,605−11.05−$1,616$24,478
2026-07-2114:00→15:48EOD75105.70 / 3.642.10 / 2.307250 · 77700.09→0.07$492−11.05$481$25,075
2026-07-2314:00→15:48EOD74007.60 / 11.400.45 / 15.607140 · 76600.08→0.07$294−11.05$283$24,108
2026-07-2714:00→15:48EOD74008.90 / 8.8012.30 / 0.507140 · 76600.08→0.08$490−11.05$479$24,238
2026-07-2814:00→15:48EOD74406.40 / 8.100.97 / 5.907180 · 77000.06→0.06$763−11.05$752$24,556
2026-07-3014:00→15:48EOD742010.20 / 5.8319.60 / 0.157160 · 76800.08→0.07−$373−11.05−$384$24,405
2026-07-3114:00→15:48EOD74809.40 / 7.9026.37 / 0.157220 · 77400.10→0.10−$922−11.05−$933$24,280
2026-08-0514:00→15:48EOD77407.70 / 7.141.70 / 4.607470 · 80100.06→0.06$854−11.05$843$25,522
2026-08-0614:00→15:48EOD77106.50 / 5.602.25 / 6.207440 · 79800.08→0.09$366−11.05$355$25,798
2026-08-1014:00→15:48EOD77505.40 / 4.104.07 / 1.107480 · 80200.06→0.06$433−11.05$422$26,056
2026-08-1114:00→15:48EOD77307.60 / 3.201.45 / 4.877460 · 80000.06→0.06$448−11.05$437$25,926
2026-08-1314:00→15:48EOD77904.90 / 4.1010.62 / 0.227520 · 80600.10→0.08−$186−11.05−$197$26,110
2026-08-1414:00→15:48EOD77804.23 / 4.703.90 / 0.907510 · 80500.08→0.08$413−11.05$402$26,115
2026-08-1814:00→15:48EOD77003.60 / 6.751.35 / 3.207430 · 79700.08→0.08$580−11.05$569$25,973
2026-08-1914:00→15:48EOD77205.20 / 7.000.20 / 13.207450 · 79900.08→0.08−$120−11.05−$131$25,788
2026-08-2014:00→15:48EOD76607.60 / 5.000.37 / 10.507390 · 79300.08→0.06$171−11.05$160$25,748
2026-08-2414:00→15:48EOD76507.10 / 3.205.97 / 0.907380 · 79200.06→0.06$343−11.05$332$25,976
2026-08-2514:00→15:48EOD76702.75 / 5.203.60 / 1.207400 · 79400.05→0.05$315−11.05$304$26,210
2026-08-2714:00→15:48EOD77305.40 / 5.001.15 / 5.507460 · 80000.08→0.08$375−11.05$364$25,968
2026-08-2814:00→15:48EOD77109.00 / 6.602.55 / 3.807440 · 79800.08→0.08$925−11.05$914$25,448
2026-08-3114:00→15:48EOD76806.20 / 5.906.26 / 1.577410 · 79500.06→0.06$427−11.05$416$25,796
2026-09-0114:00→15:48EOD76308.70 / 4.203.00 / 3.507360 · 79000.08→0.08$640−11.05$629$25,718
2026-09-0214:00→15:48EOD76608.30 / 3.5010.40 / 0.307390 · 79300.08→0.08$110−11.05$99$25,828
2026-09-0414:00→15:48EOD77105.30 / 4.506.40 / 0.557440 · 79800.08→0.08$285−11.05$274$26,028
2026-09-0814:00→15:48EOD76904.33 / 4.200.25 / 10.217420 · 79600.08→0.06−$195−11.05−$206$26,155
2026-09-0914:00→15:48EOD76503.10 / 7.700.40 / 7.477380 · 79200.08→0.08$293−11.05$282$25,928
2026-09-1014:00→15:48EOD76005.80 / 6.600.60 / 8.607330 · 78700.08→0.08$320−11.05$309$25,768
2026-09-1114:00→15:48EOD76705.10 / 3.700.15 / 9.107400 · 79400.07→0.09−$43−11.05−$54$26,127
2026-09-1414:00→15:48EOD76404.40 / 6.560.15 / 10.107370 · 79100.13→0.08$66−11.05$55$25,917
2026-09-1514:00→15:48EOD75807.10 / 3.502.65 / 2.407310 · 78500.10→0.10$555−11.05$544$25,950
2026-09-1714:00→15:48EOD76403.20 / 6.402.35 / 2.107370 · 79100.13→0.06$508−11.05$497$26,053

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.