Leaderboard

Lots of good questions coming up, as I've noticed some nuances as well. I've played around with the tool quite a bit (and am looking forward to support for calendars and custom trades as a large portion of my trades have the calendar and diagonal structures). It's powerful and easy to use, but don't take the stats in the summary window at face value. The summary is a great starting point but download the trade details into a spreadsheet for a deeper dive - you may have to play with the data to get the backtest data to fit your needs. A few things to lookout for: Unequal dollar allocations for each trade iteration. Your only tuning knob is to specify how many contracts in the settings. As stock prices move and if you include earnings periods (when options prices are higher), for some stocks the dollar amount for each trade iteration can differ by factors of 4x or more - which means those trades count a lot more to the overall averages. I like to see equal weight for each iteration so I wind up using the trade details to get a percentage gain/loss for each trade iteration and then average them all out. What option series are selected for each trade (I see some questions regarding this). I have to play with that Rollover value to fully understand how it works in relation to what option expirations are selected for the trades. For credit spreads, look at the credits received. For some of the lower IV stocks when you exclude earnings and get farther OTM with your strikes, sometimes the amounts collected can be so low that you wouldn't trade them in a real trade.