From 29 January 1993 to 30 June 2026,
an initial investment of $1,000 produced:
S&P 500 Return
$32,227
Market benchmark
ITM Base Model
$161,735
5 X market result
ITM Turbo Model
$421,330
13 X market result
Market benchmark: S&P 500 Total Return Index, with dividends reinvested.
Both ITM models were independently reconstructed from the raw SPY data.
Every signal, trade, roll and daily account value matched the original backtest.
With zero discrepancies.
Download the evidence. Examine the formulas. Rebuild the test from the raw data.
If you find an error, report it.
If you can produce a stronger result using clear, fixed and reproducible rules, show us.
The aim is not to defend a claim. It is to put the evidence where anyone can test it.
The complete methodology, assumptions and calculation rules.
All entries, exits, strikes and roll-ups for both 50% and 60% ITM models
Daily account values and final outcomes for both ITM models.
8,411 days of SPY opening and closing prices to build the test.
The Replication Pack is a single ZIP file containing nine documents and workbooks, plus a verification manifest.
It includes everything you need to examine the rules, check every trade and rebuild the results from the raw SPY data.
If an error is found, it will be investigated and, if confirmed, corrected publicly.
Each published version of the Replication Pack will be dated and numbered, with every change recorded.
The evidence is open. The rules are fixed. The results can be tested.
If you can produce a stronger result using clear, fixed and reproducible rules, show us.
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Please note that Heather answers all questions at the end of the ITM Blog.
Happy trading!