Figures & data
Figure 3. The cumulated profits of SPY options when k = 0.98: (a) monthly expired options and (b) weekly expired options.
![Figure 3. The cumulated profits of SPY options when k = 0.98: (a) monthly expired options and (b) weekly expired options.](/cms/asset/844173bd-7dde-4264-9231-61022caa67a3/tstf_a_1675420_f0003_oc.jpg)
Figure 4. The cumulated profits of SPY options when k = 1: (a) monthly expired options and (b) weekly expired options.
![Figure 4. The cumulated profits of SPY options when k = 1: (a) monthly expired options and (b) weekly expired options.](/cms/asset/adf41e6b-4b2d-4c14-b9ce-c4b3e0554155/tstf_a_1675420_f0004_oc.jpg)
Figure 5. The cumulated profits of SPY options when k = 1.02: (a) monthly expired options and (b) weekly expired options.
![Figure 5. The cumulated profits of SPY options when k = 1.02: (a) monthly expired options and (b) weekly expired options.](/cms/asset/add0f0dd-5bcf-43ba-99e4-75f02b72d8fd/tstf_a_1675420_f0005_oc.jpg)
Figure 7. The cumulated profits of QQQ options when k = 0.98: (a) monthly expired options and (b) weekly expired options.
![Figure 7. The cumulated profits of QQQ options when k = 0.98: (a) monthly expired options and (b) weekly expired options.](/cms/asset/8f2abb86-fe27-4145-ab38-9a9db5880cb5/tstf_a_1675420_f0007_oc.jpg)
Figure 8. The cumulated profits of QQQ options when k = 1: (a) monthly expired options and (b) weekly expired options.
![Figure 8. The cumulated profits of QQQ options when k = 1: (a) monthly expired options and (b) weekly expired options.](/cms/asset/d4147a5d-1d36-4b61-b2c8-0a4abc9ab959/tstf_a_1675420_f0008_oc.jpg)
Figure 9. The cumulated profits of QQQ options when k = 1.02: (a) monthly expired options and (b) weekly expired options.
![Figure 9. The cumulated profits of QQQ options when k = 1.02: (a) monthly expired options and (b) weekly expired options.](/cms/asset/c11c8bfa-7d7c-40a3-a48e-a9cd864cdf35/tstf_a_1675420_f0009_oc.jpg)
Figure 11. The cumulated profits of DIA options when k = 0.98: (a) monthly expired options and (b) weekly expired options.
![Figure 11. The cumulated profits of DIA options when k = 0.98: (a) monthly expired options and (b) weekly expired options.](/cms/asset/0808a7a0-ce72-4b75-814d-cd6806aade03/tstf_a_1675420_f0011_oc.jpg)
Figure 12. The cumulated profits of DIA options when k = 1: (a) monthly expired options and (b) weekly expired options.
![Figure 12. The cumulated profits of DIA options when k = 1: (a) monthly expired options and (b) weekly expired options.](/cms/asset/ba7d08c6-82c3-4901-bf6d-6484bb9d5f1a/tstf_a_1675420_f0012_oc.jpg)