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Abdul A
Sometimes, when a 0DTE option expires ITM, there can be a significant difference between the actual close at 4:15 PM and the backtest close at 4:00 PM. In most cases, in my experience, the actual 4:15 PM settlement results in larger losses than the backtest suggests.
Would it be possible for Option Omega to use the 4:15 PM close for trades that finish ITM, so that the backtest more closely reflects actual live trading results for ITM expirations?
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Matthew M
Even if you didn't have the backtesting data, just allowing the actual bot trades to exit based on time through 4:14 would be great
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Matthew Simon
updated the status to
maybe? someday?
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Matthew Simon
Merged in a post:
Request for after 4:00 PM Entry Feature for SPX Trades
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Hey Team,
I’d like to test some strangles and straddles on SPX, but I need the ability to enter based on the closing price at after 4:00 PM. Since SPX trades until 4:15 PM, would it be possible to adjust the tool to allow for a 4:00 PM entry?
This feature would be really helpful, and I’d love to see it added. Let me know if this is something that can be implemented.
Thanks!
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Matthew Simon
Merged in a post:
Change expiration time for SPY and QQQ to 4:15
John Ghazey
Not all tickers expire at 4:00 and counting them as expired when they're not gives an overly optimistic backtest.