Backtest
Test the market before you trade the market
Pressure-test any options strategy against more than a decade of real, minute-by-minute market data — and see how it behaved historically before you put capital at risk.
Strong enough for a hedge fund, made for retail traders
From a simple long call to a broken-wing butterfly, build it in seconds with 16 ready-made templates or design your own from scratch — then test it against more than a decade of real market data.
- Real market data
- Every fill comes from recorded market quotes, not a pricing model, going back to January 2013
- Up to 8 legs
- Spreads, condors, flies, calendars, ratios, lizards — if you can trade it, you can test it
- Blazing fast
- Years of market data crunched in seconds, so you can iterate instead of waiting
Trade 0DTE? We built this for you
Zero-day strategies live and die on the fills. Option Omega tests them on true 1-minute intervals — and tightens to the second exactly where it matters most.
- 1-minute granularity
- Entries, exits, and indicators all evaluated minute-by-minute across the full session
- Intra-minute stop loss
- More realistic stop-loss modeling with 1-second price checks for SPX and SPY 0DTE strategies
- No more wishful fills
- Mid-price fills with adjustable slippage and commissions, so your results reflect reality
Running long-term strategies?
Get the full picture of how a strategy compounds — and where it would have hurt — across every regime since 2013, from the 2020 crash to 2018's Volmageddon.
- Pro-grade metrics
- CAGR, max drawdown, MAR, Sharpe, Sortino, win rate, capture rate, and per-year breakdowns
- Analyze tab
- Monte Carlo simulation, monthly heatmap, drawdown periods, VIX regime tables, position sizing simulator, and a strategy health verdict
- Trade replay
- Scrub any trade minute-by-minute with the option price, underlying, and VIX overlaid
- Fills priced on real market quotes since January 1
- 2013
- 1-minute data for every rule, 1-second 0DTE stop losses on SPX and SPY
- 1-min / 1-sec
- From a simple long call to layered, multi-strategy combo trades
- 8 legs
- Tests per optimization run on Premium
- 500
How it works
From idea to verdict in four steps
Pick your structure
Start from one of 16 prebuilt strategies — iron condor, butterfly, calendar, strangle and more — or build your own with up to 8 legs.
Define your entry rules
Choose strikes by delta, premium, or offset, then layer on filters like VIX, RSI, gaps, opening-range breakouts, and one or many entry times a day.
Set your exits
Add profit targets, stops, trailing stops, delta and time-based exits, leg groups, and re-entry logic — exactly how you'd trade it live.
Run it and see how it behaved
Get CAGR, drawdown, Sharpe, win rate and more in seconds, then replay any trade minute-by-minute to see exactly what happened.
Dial in every last detail
- Flexible strike selection
- Choose strikes based on delta, premium targets, or offset from various reference levels.
- Deep entry filters
- Gate entries on VIX levels and gaps, RSI, SMA/EMA, opening-range breakouts, premium ranges, and DIX/GEX.
- Smart exits
- Profit targets and stops by %, dollar, or closing order — plus trailing stops, delta exits, and time actions.
- Multiple entry scheduling
- Daily, weekly, monthly, or specific dates, with up to 20 intraday entry times per test for multiple entry iron condors (MEIC) and other laddered strategies.
- Leg groups & re-entry
- Single-entry / multi-exit leg groups, automatic re-entry after exits, and per-leg stop monitoring.
- Realistic capital model
- Reg-T margin, percent-of-funds allocation, max open trades, and contract/allocation caps.
- Backtest optimizations
- Sweep strikes, entry times, stop losses, profit targets, and other entry/exit criteria. Up to 10 runs a day of 50 tests on Essential and Plus, 250 a day of 500 tests on Premium.
- Run portfolios
- Combine multiple strategies into a portfolio and test the whole book at once, the way you'd actually trade it.
- Save, tag & share
- Save unlimited tests, organize with tags, export the trade log to CSV, and share a live read-only link.
Backtesting questions, answered
Where does the data come from?
Historical option prices come from a market data vendor as actual recorded bid/ask — not theoretical Black-Scholes estimates. Trades fill at the mid price by default, and you can add slippage and commissions to model real-world execution. Data covers regular trading hours from January 1, 2013 through yesterday and updates overnight.
Can I really backtest 0DTE strategies accurately?
Yes. All entries and exits are evaluated on 1-minute intervals, and for SPX/SPY 0DTE trades the Intra-Minute Stop Loss (IMSL) checks your stop against per-second prices for more realistic stop-loss modeling.
Which symbols can I test?
SPX (PM-settled), SPY, QQQ, IWM, AAPL, MSFT, AMZN, NVDA, TSLA, TLT, GLD, and IBIT.
Can I backtest a multiple entry iron condor (MEIC)?
Yes. A Multiple Entry Iron Condor, often written MEIC or M.E.I.C., opens a fresh 0DTE condor at several set times through the session. Add up to 20 intraday entry times to one test, set per-leg stops and profit targets, and see how the whole ladder performed on real SPX 1-minute data since 2013.
How many strategies and tests can I run?
Unlimited. Save and tag as many backtests as you want, run multiple strategies together in a portfolio, and use optimizations to sweep variations in batches (10 a day of 50 tests on Essential and Plus, 250 a day of 500 tests on Premium).
Can I share my results?
Yes — every backtest can be shared with a read-only link that stays live and updates as the underlying data updates. Great for comparing notes in Discord or with a trading group.
Stop guessing. Start testing.
Build your first strategy and run it against more than a decade of real market data in the next five minutes.