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Start backtesting options strategies

You work too hard for your money to blindly guess and hope it works out. Start backtesting the performance of options strategies to assess the stability of your ideas moving forward.
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Options Backtesting

Use our backtesting engine to test your ideas before live trading them.

Allocation Testing

Test different combinations of position or portfolio allocations to optimize strategies.

Easy Editing

Quickly update, tweak, or change anything inside your backtest in seconds.

Find Ideas

Our crowdsourced strategy performance rankings help you find new ideas.

Backtest your strategies

Run your own backtests of option strategies in minutes using all the available historical data we have and see how they performed.
  • Multiple testing durations
  • Exit ahead of expiration
  • Adjust trade frequency
  • Avoid earnings reports
  • Profit & stop-loss targets
  • Set custom allocations

Analyze performance stats

Evaluate key portfolio performance metrics like win rate, profit factor, CAGR, and more so you can identify the best strategies for your trading style.
  • Performance ratios
  • Position averages
  • Win/loss metrics
  • Expected holding period
  • Typical trade size
  • View entire trade history

Compare multiple strategies

Test multiple capital allocations simultaneously, tweaking position sizes and max risk to optimize future automated bots.
  • Adjust starting capital
  • Side-by-side results
  • Test multiple allocations
  • Percentages or dollars
  • Vary position sizing
  • Re-run strategies easily

Discover top backtests

Explore the top backtested strategies run inside the Community and use them as the basis for new ideas or ways you can improve your own strategies, all ranked by:
  • Percentage returns
  • Profit factors
  • CAGRs
  • Max drawdowns
  • Win rates
  • Consistency metrics
100% No Code

Option Alpha was built so you never have to learn how to code anything to use it.

Cloud Scaling

Our tech stack lives in the cloud so we're always up, always on, ready to scale.

Strict Security

We conform to the most stringent industry standards to protect you.

Absolute Visibility

You have complete control and can see everything single trade in a backtest.

Captial Variations

Test different overall capital allocations to find optimal performance.

Position Limits

Limit tested position sizes to analyze the impact trade risk.

Massive Database

Let us handle the massive databases required to run historical backtests.

Analyze Performance

Use simple, natural language decision recipes to tell your bot what to do.

Historical Data

Use all available data for each ticker you test as far back as 2007 in most cases.

Fast Cloning

Edit and re-run tests changing portfolio allocations with just a few clicks.

On-going Training

Award-winning education and training is the foundation of our platform.

Legendary Support

We never cut corners with support and real humans are here to help you anytime.

“
It's awesome seeing a bot learn how to do what you do. Because you know it can do it over and over again for you without letting emotions get in the way of the actual game plan.
Oliver
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I've been trading for over 40 years, and realize there are a lot of trading styles besides the ones I feel most comfortable with. With bots, I think I can manage to try more things without increasing the time necessary to execute and manage trades.
Ron
“
All of my bots, which are not many, and designed by others and tweaked by me are all doing their bot jobs.
Bob
“
You all just keep validating my decision to become an elite member. Thank you for continuing to add value to the platform.
Joseph
“
I'm so impressed with SmartStops, testing within the automation and the 'Opportunity is Available' recipe. I'm working on a Debit Spread Strategy right now and these are ALL relevant and coming in handy. I'm literally chuckling and grinning as I read these release notes because of how cool these new features will be.
Dave
“
This platform is going to change the game. Layers of abstraction are what innovation provides and that's exactly what the investing world needs. I don't have bandwidth to sit on TOS trying new things all day. This platform will allow me to participate in markets in a more automated way.
Joe

Use data-driven research to fuel your trading strategy

Stop guessing with real money
Test your options trading strategies against years of historical data before applying them in live, real-money situations.
Research like the pros
Gain access to massive databases of historical option pricing previously only available to professionals.
Optimize portfolio allocations
Use multiple entry variations and capital allocations over different time periods to find the optimal portfolio setup.
Discover new ideas
Crowdsourced performance ranking gives you access to top backtests ranked by win rate, CAGR, profit factor, and much more.

Pre-built bot templates you'll love

Not sure where to start? Explore the huge library of bot templates shared inside our Community you can clone and edit.
Falcon 10
3 automations
Monthly Iron Condors ($3k Portfolio)
2 automations
Trendy Short Put Spread
4 automations
Twice-a-Week-80%-Chance
2 automations
High IV Rank Iron Condors
2 automations
The Honey Badger
7 automations
RSI w/ Spreads (Small Account)
10 automations
KISS n Sleep Iron Butterfly
9 automations
RSI Swing Trading w/ Credit Spreads
2 automations
Cherry Picker
3 automations
Reactive 2X EMA w/ Debit Spreads
3 automations
Iron Condors w/ No Ticker Overlap
8 automations
Debit Spread Scalper
7 automations
Explore More Templates

Find new trade ideas

Option Alpha calculates probabilities for millions of potential options positions using live market data so you can find new ideas without the guesswork.
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