Introducing earnings backtesting
13 Apr 2016We’re excited to announce two new features today as earnings season kicks off. The first feature is the ability to analyze earnings strategies with just a few clicks. We’ve assembled a large amount of historical earnings data which you can now leverage to backtest your earnings trades.
As an example, Citigroup reports earnings Friday, and you can determine in seconds that selling short-term straddles ahead of their reports would have been profitable over 16 of the past 21 earnings releases (76% historial success rate) at today’s pricing. You can now quickly craft and optimize your earnings strategies.
We’ve also included the ability to exclude earnings dates from backtests, which is very useful for evaluating systematic strategies that you actively avoid trading around earnings announcements.
Try it today. Click on Earnings within Advanced Parameters.
Industry filtering
We also added industry filtering to the Equity, Put Writing, and Covered Call screens. This makes it easier to find the most attractive technology put-writes or the cheapest bank hedges, for example. Many of you have been avoiding energy names lately, and this also lets you quickly remove them from the screens.
Interested in private beta access? Sign up here.
