I am new to trading option. I have some ideas about buying straddle at low IV a month before expiration. I know this is a vanilla strategy but I would like to back test it to have a feeling on how it will perform. Do you know if there are existing tools for this ? Would I need to code it from scratch in python ? Also any insights or experience on how to use IV and HV to pick up the right straddles would be super helpful !!
Posted by Ok-Arm-2232