I backtested two published short-duration options strategies over the last 10 years
I built an open-source options backtester to replicate two publicly described strategies and compare my results with their published performance.
|Strategy|My backtest|Published result|Period tested|
|:-|:-|:-|:-|
|Early Retirement Now — 0DTE + 1DTE puts|1.55% annualized options return|7.06%|Jan 2017–Jul 2026|
|WealthyOption — 3 puts + 3 calls|17.58% CAGR / 21.43% max drawdown|23.1% CAGR / 19.2% max drawdown|Jan 2017–Jul 2026|
The comparison isn’t perfectly equivalent because the periods, data and execution models differ. ERN’s published result also includes discretionary decisions that cannot be fully replicated.
I published the code, assumptions, requests and complete results here:
[https://github.com/Javier-Garzo/ern-wo-options-backtester](https://github.com/Javier-Garzo/ern-wo-options-backtester)
My main goal was to see whether these two strategies held up over a longer period and to give others an open-source project they can use to reproduce the tests. If you have any questions about the results or methodology, feel free to ask me here.
