Walk-Forward Analysis With AI and the Option Omega MCP
Use the Option Omega MCP to run walk-forward analysis with AI: optimize on past data, freeze your settings, and test them on the next unseen months.
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Trade smarter, backed by data
Guides, strategy breakdowns, and product deep-dives to help you model, backtest, and automate with confidence.
How to Backtest an SPX Put-Selling Strategy With AI (and Why It Said Not to Trade It)
We connected AI to the Option Omega backtester and tested a simple SPX put-selling strategy. The first results looked promising, but further checks gave us reasons to pass.
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AI Options Backtesting, Live: How to Work With the Option Omega MCP
In a live launch demo, Troy McNeil and David Romeo connect AI to Option Omega, install TradeBlocks by asking, and show the checks Romeo runs on AI backtests.
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MEIC Roundtable 2026: Tammy Chambless, Dan Sheridan and Three MEIC Traders
Dan Sheridan hosts Tammy Chambless and three MEIC traders on 0DTE iron condors in 2026, from Optimizer entry times to slippage, stops and automation.
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21 DTE SPX Iron Condor: A Bullish-Leaning Condor With an IV Percentile Cap
A 21 DTE SPX iron condor (25-delta put, 15-delta call, 10 wide) won 92% of the time in its backtest from May 2025. The setup, the IV cap and the regime caveat.
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IV Percentile Filter: How IVP Doubled a 0DTE Iron Condor's Capture Rate
Option Omega added IV percentile, IV rank and HV filters. In a quick backtest, a 20–80 IVP range roughly doubled a 0DTE SPX condor's capture rate.
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All Correlations Go to One: David Romeo on Double Calendars and Tail Risk
David Romeo had 10 double calendars that looked uncorrelated until one move hit them all. Here is how he now builds a portfolio around tail risk instead.
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Double Long Diagonals on SPX: Tom Lei on Calendars, Theta and Flies
Tom Lei explains where a double calendar's edge comes from and why he moved into double long diagonals with a built-in floor of about $10 of intrinsic value.
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JJ Kinahan on Position Sizing and the 2 Spreads to Learn First
Cboe's JJ Kinahan tells Dan Sheridan why new traders should learn verticals and calendars first, start with one contract, and stay inside their risk band.
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Risk $5 to Make $50: How to Pick 0DTE Iron Condor Strikes by Spread Premium
Spread premium targeting picks 0DTE iron condor strikes by what each entry collects or risks, not by delta. Credit and debit examples, backtested in 2026.
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From Wall Street Bets to Risk Manager: Tom Lei on SPX Options
Tom Lei went from WSB-era long calls to SPX calendars and double diagonals: two risk pillars, why he rarely worries about win rate, and his backtested target.
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Analyze Tab: Monte Carlo, MAE/MFE and Profit Factor in Option Omega
David Romeo walks through Option Omega's new Analyze tab on an MEIC backtest, from a 1.05 profit factor and MAE/MFE to Monte Carlo and synthetic losses.
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A Vol Desk Veteran on 0DTE, Gamma Walls and What Changed in 2026
Former bank vol desk head Imran Lakha reviews two Option Omega backtests: a VIX-filtered reverse iron condor and a 5/7 double calendar that moved earlier.
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Option Omega Optimizer Launch: Parameter Sweeps, Heat Maps and Robustness
Option Omega launched the Optimizer, its parameter sweep tool. See a live 388-backtest sweep, two-parameter heat maps, the Robustness Score and 7-day storage.
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Option Omega Optimizer: Run 500 Backtests at Once and Test the Concept
The Option Omega Optimizer sweeps up to 5 parameters at once. Matt ran 700+ backtests in about 10 minutes on an iron condor losing year to date.
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Iron Condors Explained: Strikes, Deltas, Width and Where Trades Go Wrong
Dan Sheridan builds a 22-day SPX iron condor and explains how strikes, deltas, width and duration shape risk, and the delta levels he watches for trouble.
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How to Backtest 0DTE XSP Strategies (When XSP Data Isn't Good Enough)
XSP is too illiquid to backtest well, so we test on SPX with realistic fees and no exits, then size down. Here is a 4-trade 0DTE XSP portfolio built that way.
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Tom Sosnoff on 0DTE, Automation and Where Retail Options Trading Is Headed
Tom Sosnoff tells Dan Sheridan why he barely trades 0DTE, why 30+ days is his wheelhouse, and how he thinks about automation and position size.
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Beyond 0DTE Iron Condors: RIC, Stalingrad and Scorpion Backtests
Three backtested concepts beyond 0DTE iron condors (a long-vol RIC, the Stalingrad double calendar and the Scorpion ratio spread) and how to stress-test them.
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How Tammy Chambless Trades 0DTE Iron Condors in 2026: What Changed in Her MEIC
Tammy Chambless backtests her MEIC every month. Here is what changed in 2026 — earlier entries, triple the slippage — and why she still holds to expiration.
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How to Backtest a 0DTE Iron Condor on SPX
A step-by-step walkthrough for backtesting a 0DTE SPX iron condor on 1-minute data, from picking strikes by delta to intra-minute stops and reading results.
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Option Omega Stop-Loss Types: Basic, Per-Leg, Trailing and 1-Second IMSL
How each stop-loss works in the Option Omega backtester, from basic and per-leg stops to trailing stops, 1-second IMSL and two consecutive hits at stop-loss.
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The End of the PDT Rule: Scott Sheridan's 7-Year Fight to Kill It
Scott Sheridan spent years pushing FINRA to end the $25,000 pattern day trader rule. He explains how it happened and his view of the new $2,000 minimum.
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Moving From Risk to “Risk-Free”: Tomas Byron Explains the Condor Nest
Tomas Byron explains the Condor Nest, which starts with a double calendar and converts it into an iron condor to change the risk profile and provide margin relief.
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3 SPX Options Setups Beyond 0DTE Credit Selling: DLD, DC and RIC
Three SPX backtests for traders heavy in short-vega 0DTE credit trades: a double long diagonal, a double calendar and a 0DTE reverse iron condor.
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1-Second IMSL Data and 10x Faster Backtesting in Option Omega
Option Omega's backtester now runs 10x faster on average, and IMSL uses 1-second data instead of 1-minute OHLC. Here is what changed and what it means for 0DTE.
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The Time Bomb Butterfly: A Cheap Speculative SPX Options Trade
Dan Sheridan models the time bomb butterfly, a 4-day SPX put fly that costs about $80 to $95 and pays off if SPX lands in a chosen zone by Friday.
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Big ERN on 15 Years of Selling SPX Options: Sizing, Stops and 0DTE
Karsten Jeske (Big ERN) has sold S&P 500 options since 2011. How he sizes for a once-in-40-year event, why he dropped VIX hedges, and how 0DTE smoothed returns.
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How a Professional Trader Uses Backtesting: Tomas Byron on Premium Data
Tomas Byron uses Option Omega backtests as a data source, not a strategy finder. Here is his method, plus his views on volatility premium and calendars.
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Best Time to Sell SPX Spreads: Letting a 90-Day Lookback Pick the Entry
Eric O'Rourke's Trend Spread Engine ranks intraday entry times for 0DTE SPX credit spreads by 90-day win rate. Eric backtested its top slot in Option Omega.
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Tesla Options Trade Ideas: A Ratio Diagonal Instead of 100 Shares
Erik from Outlier Trading builds a long Tesla trade with options, from chart context to a ratio diagonal modeled in Option Omega, plus the bearish put version.
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XSP Options Automation: What to Know Before You Trade It
XSP was added to the Option Omega automation platform in April 2026. Why its liquidity differs from SPX and SPY, and how Matt builds an SPX proxy for it.
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5 Principles of an Options Portfolio: How Dan Sheridan Builds One on SPX
Dan Sheridan builds a four-trade SPX options portfolio, about $2,000 per trade, to show how he spreads entry days, strategies, durations, deltas and theta.
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0DTE Portfolio Backtest: 3 SPX Strategies Combined (Is 0DTE Dead? Part 4)
Is 0DTE dead? Part 4 combines a power hour condor, a McRib butterfly and a NORB condor into one portfolio backtest, then shows the 28% drawdown uncapped.
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High VIX SPX Options Trades: Calendars, Put Spreads and Butterflies
With VIX near 27, Dan Sheridan models three 21-day SPX trades (a calendar, a 20-delta put spread and a 70/65 broken wing butterfly) and how he manages each.
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SPX Iron Condor Non-Opening Range Breakout (NORB) Backtest Results
Is 0DTE dead? Part 3 backtests a 0DTE SPX iron condor that enters only when the opening range holds. It won 80% of trades in the 90 days before the video.
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Covered Calls on MSFT: $41,000 vs a $1,300 Poor Man's Covered Call
Dan Sheridan compares a $41,000 Microsoft covered call with three long diagonals costing $4,300, $1,300 and about $1,500, modeled in Option Omega.
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SPX Reverse Iron Butterfly Backtest With a VIX Drop and RSI Filter
Is 0DTE dead? Part 2 backtests the McRib, a long SPX reverse iron butterfly that only enters after VIX drops overnight and intraday with RSI between 40 and 70.
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SPX Options Portfolio Management: Managing Multiple Trades by the Greeks
Dan Sheridan combines a put calendar, a 70/65 butterfly and a put credit spread on SPX into one position and shows how to manage it by its combined Greeks.
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Earnings
NVDA Earnings Options Backtest: Put Spreads and a Poor Man's Jade Lizard
Troy McNeil and Dan Sheridan backtest four NVDA earnings trades, entered at 3:46 PM and closed at 9:32 AM the next day, to see how IV crush helps short premium.
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SPX Iron Condor Power Hour Backtest: Is 0DTE Dead? (Part 1)
Matt re-runs a 0DTE SPX iron condor sold in power hour on Mondays and Fridays, 10 wide with a 50% profit target and 3:52 exit. Results as of February 2026.
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Does Options Automation Match the Backtest? 8 Weeks of Live QQQ Trades
We automated a QQQ double calendar and compared eight weeks of live trades with the backtest, looking at strike selection, fills, and exit timing.
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