A short strangle study with a surprising shape. Using 16 delta, 45 DTE strangles managed at 21 days, opened every single day from 2013 to 2026, about 3,400 trades, the team measured how wins and losses cluster. The headline stat: after a green trade, the next one is green 92% of the time, well above the 74% baseline, so winning streaks are real and more than luck.
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Chapters
00:00 Setting up the streak study
00:14 The strangle test parameters
02:04 Wins and losses rarely repeat
02:26 92% green after a green
03:13 Two, three, four in a row
04:40 P and L at the end of a streak
05:30 The flip side, the losers
06:42 Wins pay half, losses cost full
07:30 It's like momentum
08:10 Size for the cluster
09:00 The takeaways
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