Notes
Slide Show
Outline
1
Option Research & Technology Services, LLC
  • Equity option research and the technology to use it.
2
ORATS Technology
  • Portfolio View
    • One screen to view greeks and quoting risk
  • Live!
    • Alerts, theoretical values, auto-quoting
  • Skewalator
    • Observe and manipulate implied volatility surface
  • Hittor
    • Scan for the best option and spread trades
  • Hedger
    • Low maintenance delta hedging
3
Portfolio View
  • Greeks for the whole portfolio
  • P/L by stock
  • Color coded quoting risk/status


4
Live!
  • Theoretical values
  • Volatilities
  • Auto quoting sizes and prices
  • Alerts for trades with high profit potential
  • Send trades and auto quotes to PHLX, CBOE, PCX, ISE, AMEX, BOX, etc.
5
Menu-based Scripts & Settings
  • Edge-based Size – changes user quote size automatically as profit potential changes
  • LeanOut - leans the user’s quote the shortest distance to make it equal to market bid or ask
  • WideAway - widens the user’s quotes as the midpoint moves away from the theoretical value
  • ImpliedSmoothed Default Skew – smooths the market implied volatilities of each strike and sets the user’s volatilities
  • ORATS Forecast Skew - sets all of the user’s volatilities to the forecasted implied volatility surface provided by ORATS.
6
Alerts
  • Bid Off – No formatting
  • Bid On – Green border
  • Bid In – Green background
  • Bid Crossed – Yellow background with green font
  • Ask Crossed – Yellow background with red font
  • Ask In – Red background
  • Ask On – Red border
  • Ask Off – No formatting
7
Skewalator
  • Easy to use volatility manipulation tool
    • Set volatilities to:
      • Smoothed Market Implied
      • ORATS Forecasts
      • User Defined

8
Hittor
  • Finds the best equities to trade based on:
    • Strategies
    • Volatility
    • Technical Trends
    • Fundamentals
  • Finds the best options to trade based on:
    • Probability of Profit
    • Tradeable ‘Edge’
9
Hedger


  • Automated delta hedging alerts and strategies based on tick data research
10
Conclusion
  • ORATS provides equity option research and the technology to use it.
  • Technology Partners
    • Preferred Trade – .NET autoquoting
    • RevereData – Java advanced option analytics
    • Simulation&Searches – Proprietary trading
  • For Software and Consulting, contact a Sales Representative at info@orats.com or (312) 986-1062.