Option Alpha, Sep 2021 to Sep 2026, all weekdays, 1 lot per side. $4.00 short, 80-point wing, 90% stop, VIX ≤ 35. Trend = SPX 50-day EMA above or below the 200-day at month end. VIX band = monthly average VIX close (pivot) or VIX at entry (VIX table).
Tips: VIX by calendar month = Data "Monthly P&L", Rows "VIX band", Columns "Calendar month" (VIX band there is the monthly average VIX). The weekday and VIX-at-entry tables come from Option Alpha as separate summaries, so they cannot be crossed with month or year.
Pearson correlation of monthly P&L between slots. Low numbers mean the slots earn in different months. Note from the fill log: on the single worst days every slot loses together, so this is month-to-month diversification, not tail protection.
Mon/Tue/Fri and Wed/Thu split from the weekday table. Per-day = P&L divided by trade count for that day set. Years positive counts 2022 through 2025 (full years only). Risk columns use the pair's monthly P&L: month DD = worst peak-to-trough on month-end equity (OA's own drawdown is intra-month and larger), Sortino = annualized mean / downside deviation of months, P&L / DD = 5Y total over month DD.