IWM
iShares Russell 2000 ETF
stock NYSE ETF

Nice of you to post actual numbers instead of just an equity curve. A few things I'd stress-test before trusting these — meant as genuine peer review, not nitpicking:
**The max DD is the number that jumps out.** Net $36k with a portfolio max DD of only -$935, PF 2.28, over 1,567 trades? That's *extraordinarily* smooth for intraday option scalping. In my experience that level of smoothness is more often a sign of optimistic fills than of a great edge. Which leads to the big one:
**How are option fills modeled?** For 17–27 min scalps on SPY/QQQ/IWM/DIA options, the bid/ask spread — not commissions — is what usually eats the edge. If your backtest fills at mid (or at the signal-bar close), you're capturing half-spread you'd never get live, on both entry and exit, 1,567 times. Try re-running filled at the bid/ask (or mid minus a realistic slippage tick per side) and see if the edge survives. That single change kills a lot of "friction-proof" option backtests.
**Is any of this out-of-sample?** 2024-05 to 2026-06 is one window. If the rules were tuned on that same period, the metrics are in-sample by definition. What does a walk-forward look like — optimise on a slice, test on the *next* unseen slice? And how many bot variants did you try before these four survived? If it's four winners out of forty attempts, that's selection bias, not four edges.
**Regime-slice it.** Pull the stats for the high-vol windows specifically (the Aug-2024 spike, any April-2025 turbulence). A scalper that's smooth in calm tape and blows through its tiny avg loss when spreads gap is the classic failure mode. Susan's -$22.75 avg loss especially — is that stop realistically fillable when the option spread widens in a fast move?
None of this means it's not real — just that these four questions are what I'd want answered before sizing up. What does the equity curve look like *with* worst-case fills?

the rotation into small caps this year is actually a clean SMT divergence setup waiting to happen. try pulling up IWM versus SPY on the 15m during london open, when the russell is making a higher high but SPY fails to confirm it, mark that swing high on SPY as a potential inducement level and watch for a BOS to the downside into a discount FVG. the valuation gap the post mentions basically means smart money has been accumulating in small caps for weeks, so the inefficiencies left behind are messier and wider than usual, which makes the FVGs easier to spot tbh. what timeframe are you currently using to trade this rotation, and are you watching IWM directly or going into individual small-cap names?

SPY IVR/IV at 27.8/14.9%. IV not exactly "frisky" here.
QQQ at 60.1/25.0, IWM at 20.0/20.3%.
If I'm going to goof around with delta neutral premium in broad market, I'd probably do it in the Q's where I can get around one-third the width of the widest wing in credit:
August 28th (47 DTE) 676P/-686P/2 x -790C/795C Double Double Iron Condor, 3.22 credit on BP of 6.78, 47.5% ROC at max, 23.7% at 50% max, .06/4.00 delta/theta.
Top 5 High IVR ETF's:
TAN (IVR/IV 91.8/49.6), SMH (88.1/58.5), EEM (83.6/38.9), EWY (81.0/81.0), XLK (80.8/36.8).
TAN kind of has shitty options liquidity ... .
Maybe ... SMH August 21st (40 DTE), 520/530/715/725, 3.54 credit on BPE of 6.46, 54.8% ROC at max, 27.4% at 50% max, short legs at their respective 20 delta, delta/theta -.03/4.98.
The after hours bid/mid/ask on EWY if goofy wide, so will have to price that out during market hours ... .

I get 30% on QQQ and IWM, 20% on SPY.
Using the same technique on more exotic/volatile ETFs, that rises significantly.