Research library

Options trading

Build an options strategy, explore its completed backtest and inspect contracts, trades and pricing events.

Options trading

Recommended starting point

Options trading: build, backtest and inspect

Create an options strategy, explore completed historical backtests and inspect trades, pricing and strategy decisions.

Open page
Recommended starting point

Build and test a bull call spread

Define the two call legs, inspect the debit and width, and test a vertical options spread in NexusTrade.

Open page
Recommended starting point

Build and backtest an algorithmic bear put spread

A bearish debit spread buys the higher-strike put and sells the lower-strike put.

Open page
Recommended starting point

Create an options trading strategy

Turn an options idea into complete entry, contract-selection, allocation and exit rules. Build an inactive NexusTrade draft and verify what was saved.

Open page

Backtest an options trading strategy

Run a saved options draft with fixed dates, capital and fees. Explore the full curve, selected contracts and detailed trade events.

Open page

Build and backtest an algorithmic bear call spread

A bearish credit spread sells the lower-strike call and buys a higher-strike hedge.

Open page

Build and backtest an algorithmic bull put spread

A bullish credit spread sells the higher-strike put and buys a lower-strike hedge. Size depends on risk and collateral, not credit received.

Open page

Build and backtest an algorithmic call calendar spread

A range rule buys a later-expiring call and sells a nearer-expiring call at the same target strike. Inspect different-expiration resolution and collateral.

Open page

Build and backtest an algorithmic call diagonal spread

A bullish rule buys a later ATM call and sells a nearer higher-strike call. Different expirations change the payoff and early-assignment exposure.

Open page

Build and backtest an algorithmic cash-secured put

A bullish trend rule writes one OTM put with sufficient starting cash for strike times multiplier. Inspect reserved collateral and buying power; received premium is not the risk budget.

Open page

Build and backtest an algorithmic covered call

Buy 100 SPY shares when stock holdings are empty, then write one higher-strike call during a bullish trend. Retain the stock when the call closes; inspect stock coverage and dividends separately.

Open page

Build and backtest an algorithmic iron butterfly

A range rule sells ATM call and put premiums with purchased wings. Inspect the actual center strike, both wing widths and all four close orders.

Open page

Build and backtest an algorithmic iron condor

A range rule combines a put credit spread and call credit spread. All four legs must share an expiration and close together.

Open page

Build and backtest an algorithmic long call butterfly

A range rule buys lower and upper calls and sells two center calls. The 1:2:1 ratio and resolved wing symmetry determine its expiration payoff.

Open page

Build and backtest an algorithmic long put

A bearish trend rule buys an ATM put and closes when the trend reverses or time runs short.

Open page

Build and backtest an algorithmic long straddle

A momentum trigger buys an ATM call and put. The move must cover both premiums and costs; direction alone does not decide the payoff.

Open page

Build and backtest an algorithmic long strangle

A momentum trigger buys an OTM call and put. Both premiums are at risk if the subsequent move is too small.

Open page

Build and test a long call

Select an underlying, expiry and strike, then test a purchased call with a declared premium budget.

Open page

Bull call spread expiration payoff calculator

Change both strikes, net debit and expiration price to calculate a matched call spread's expiration P&L, maximum loss and maximum gain.

Open page

Choose option strikes, delta and expiration

Define a repeatable strike and expiration selector, interpret delta and verify which contracts a historical test actually selected.

Open page

Long call expiration payoff calculator

Change the strike, premium, expiration price, multiplier and position costs to calculate a purchased call's expiration P&L.

Open page

Observed quotes and synthetic options pricing

Understand observed bid and ask, modeled half-spreads, timing exclusions and missing quotes in a NexusTrade options backtest.

Open page

Options backtest cost sensitivity calculator

Estimate how commissions and assumed half-spread costs change P&L across repeated options entries and exits.

Open page

Set options position size and exit rules

Translate a premium budget into whole contracts, inspect liquidity and buying-power bounds, and add complete trend and time exits to an options strategy.

Open page

Continue exploring

Browse the complete library ↗