Hello, I am a bit new to options trading and I have a few ideas how to start my trading. I have used some stock screeners to find a good optionable stocks. I am also using these to build vertical credit spread strategies where reward is 10-20% vs risk and breakeven point is far from existing stock price. I am also considering using simple Long Call options but not sure which strategy is better. Does any one know a good tool for backtesting option strategies? Ideally not expensive and simple to use.
The cheapest way is to download the data from open sources and do it your self in excel for example or try http://www.oscreener.com or www.superderivatives.com/