Buy & hold over this window — the bar to beat. The condor is market-neutral: it beats the deep-negative crypto holds outright, and aims to beat the stock holds risk-adjusted (far less drawdown). The live record proves it.
Backtest reference (not a promise)
+678R over 10 months · 87.6% win (reference only — frictionless, one regime)
generated 2026-06-17 · paper-trading on real Deribit/CBOE quotes · no live capital