Earnings Edge tests the selected position's metrics across previous 5 years of earnings reports, including the percentage the strike prices are out-the-money (OTM%), the credit or debit, the spread width and/or the max loss.

It simulates opening a position with the same metrics right before each earnings report and holding it until the next end of week (EOW) expiration, calculating the P/L and ROR for each simulated position based on the symbol's closing price at the EOW expiration.

Trade Ideas scans continuously during market hours (9:35am - 3:55pm) and finds trade ideas in 3 ways:

1. It analyzes the returns of thousands of position setups used by all of us (underlying symbol, leg deltas, days to expiration, etc) and loads the current market data for the top performing position setups and compares them looking for opportunities using Reward/Risk, EV (expected value) and Alpha (EV / Max Loss).
2. It examines every option series expiring in 45 days or less that falls on a Friday and matches up every possible combination of legs at various delta values (.50, .45, .425, .40, .375, .35, .325, .30, .275, .25, .20, .15, .10) looking for opportunities.
3. It examines all current open positions in the platform looking for opportunities.