I have been contemplating the value of backtesting in in this field of trading. As options traders, we have the ability to structure trades and adjust to whatever the spot is doing, unlike those trading spot. Hence, I feel only a working knowledge of the underlying is required. I have been getting into backtesting in FX, futures, and a little bit of equities, but barring using options as a sub for spot in directional trading, the complexity of options and myriad of possibilities makes for backtesting in non-directional trading pointless, IMO. I honestly don't know of any options backtesting software. I'm not asking for software with those capabilities. But rather since we can adapt our positions to whatever spot is doing, and options being multi dimensonal, defining a set of variables in backtesting seems moot. I understand why spot traders do backtesting, but for us, seems to be time better used. Note that I mean backtesting as in the general backtesting sense, where script junkies set insane parameters to optimize or whatever, not backtesting in the sense where you would test and see how a position would perform under differing market conditions. Your thoughts are appreciated. Please point out any ignorant parts of my post.