Which Skew Trades Make Money? 36k Strategies Tested | FlashAlpha
research · 1 min read

Which Skew Trades Make Money? 36,878 Option Strategies on SPY, QQQ and IWM, with GEX, VRP and Skew Filters

Is trading options skew profitable, and which trade captures it best? We tested 960,351 trades on SPY, QQQ and IWM from 2018 to 2026, across put spreads, ratios, flies, risk reversals, credit spreads and short options, with GEX, VRP and skew entry filters and four exits.

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Nov 3, 2026
1 min read
Research Enterprise Skew OptionSelling GEX VRP Backtesting 0DTE

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Enterprise members get the full answer and the interactive explorer: 36,878 strategies across 14 structures, 5 deltas, 5 expiries, 4 exits and 11 entry filters, every result ranked and charted month by month.

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