Option Research & Technology Services

The ORATS Wheel product suite offers end-to-end options strategy development, from backtesting to implementation. With the Wheel, you can create and maintain a Systematic Rules Based options strategy with returns in line with your investment objectives.

Features of ORATS Wheel

Backtest, scan, execute and exit options with the best data available.

With our intuitive backtest form, you can easily set up a backtest in seconds.

See all the standard statistical financial figures, a graph of the options strategy returns with the underlying stock, monthly returns and the trades for the strategy. You can edit the backtest parameters and download the statistics and trades.

Exits rules that use delta, out-of-the-money percentages, profit percentage or days left in the trade. Indicate your special reentry rule for exit triggers. Utilize delta hedging with flexible hedging dates or delta tolerances. Portfolio weighting to backtest a group of stocks together.

Perhaps the most important and least appreciated part of backtesting is the underlying options data. ORATS utilizes our decades of experience as successful options traders to apply sophisticated quote cleaning, smoothing algorithms and calculations of greeks and theoretical values to aid the ORATS tools and data. Indexes like SPX and VIX and weekly expirations are included.

The ability to test strategies in various technical environments is incredibly important to successful options trading. You have the ability to input entry and exit dates.

After you set up your backtest, you can use the same inputs to scan in real-time. After reviewing the current market in the TradeFinder Scanner, send options to the Execution Monitor for delivering to brokers. You can track filled (or paper traded) options to the Exit Monitor to track profit and exit alerts.

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What makes ORATS data stand out?

Superior Data - Founded on the floor of the CBOE over a decade ago, ORATS delivers proven historical volatilities, dividends and earnings modeling techniques.
Proprietary Calculations - Give yourself an edge with unique implied volatility summarizations, ex-earnings calculations and forecasts.
Backtesting - Our convenient tool to identify profitable strategies and to prove out ORATS alpha.
Service - We are here to help. Contact us now!

What are people saying about ORATS?

Dynamically updated, intraday, accurate, and searchable implied volatilities are a very rare commodity in the options industry. ORATS first supplied this functionality to our firm in 2003 and other vendors have yet to catch up. Their technology is a fundamental component for our event-trading options strategy and without ORATS we would have had to build the database and engine ourselves, an expensive and complicated proposition. ORATS is a full-service company that has few peers in the options data business.

Daniel Brady
President, Entropy Capital LLC

In the trading area we use the ORATS Dividend Forecast data on a monthly basis to validate our forecast levels in our primary vanilla & exotic pricing and risk management system. Being an Investment Bank, although our underlyer universe is much greater, the richness of the ORATS term structure and the readiness of their data, compared to other sources such as MarkIT and Bloomberg, makes the ORATS service an ideal way to establish comfort around our marks.

Riaz Karim
Director, Equity Derivatives Trading, London, Royal Bank of Scotland

ORATS offers a unique service that meets our needs for dividend forecasts that are accurate, timely, and consistent. They provide earnings dates information and their innovative approach to viewing the earnings history gives us an advantage in timing our trades around earnings announcements.

Bill Gellman
Portfolio Manager, Bay Hill Capital Management LLC

I have used ORATS for years. I use their proprietary tick vols as a sanity check against the standard close to close vols on which most people exclusively rely. I also value the way they eliminate earnings moves from historical and implied vols.

Stevie Haller
Top Proprietary Trader

ORATS has been indispensable as a vender partner for solving difficult problems in derivatives data mining. Back testing rules based strategies with the Implementor are plentiful and great building blocks for further strategy innovations. Their abilities to aid with hard to access data from an extensive underlying list is unmatched. ORATS incorporation of VIX data creates a substantial edge on any competitors we have found.

Don Dale
Managing Partner, Derivaguard

ORATS volatility forecasts proved out in backtesting and our in-house testing. We incorporate scanning into our workflow and have confidence in our improved outcomes.

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Don't get caught in the trap of trying to develop all of this for yourself. ORATS has spent decades and millions of dollars perfecting their research and data. Join some of the best traders in the business in trusting ORATS as their partner of choice for mission-critical options data research backed by exemplary support.

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Features of ORATS Wheel

Backtest, scan, execute and exit options with the best data available.

Easy Backtesting

Powerful Reporting

Advanced Backtest Parameters

10 Years of Deep Clean Data

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