Implement and test TradingView's trading strategies using actual option pricing data. This involves taking the strategies you've developed or discovered on TradingView and applying them to live market conditions to see how they would perform with real-time option prices.

This module allows traders to assess the effectiveness and profitability of their strategies under real market before committing real money.

You may have observed many times where an option priced at Rs. 2.00 escalates to Rs. 100.00, a phenomenon that typically occurs around the expiry period and particularly on expiry days. This dramatic price movement presents an opportunity for traders to secure profits through strategic position hedging.

In this context, backtesting strategies like the long straddle and long strangle becomes invaluable. The long straddle strategy involves simultaneously buying a call and put option of the same underlying asset, strike price, and expiration date, betting on significant price movement in either direction. Similarly, the long strangle strategy involves purchasing call and put options with the same expiration date but different strike prices, anticipating a major price swing.

By backtesting these strategies, you can analyze historical data to predict their potential profitability under similar market conditions, thus preparing for future opportunities to exploit the price surges seen during expiry and near-expiry periods.