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About

We believe that alpha is a consequence of quality data. That's why we've built an entire ecosystem around hundreds of proprietary indicators, trading tools, APIs, and historical quotes. Since 2001, our products have served thousands of retail traders, hedge funds, and institutional clients.

ORATS Team
Our Story
1993
Matt Amberson starts as a CBOE market maker and hires statistically minded individuals for market making and options research. Techniques to calculate superior volatility calculations and forecasts are developed.
2001
Option Research & Technology Services (ORATS) is formed to offer options products using procedures developed for a successful market making operation. The Smoothed Market Values (SMV) system is designed to produce the best greeks, implied volatilities and theoretical values in the industry.
2005
Core data based on summarizations from the SMV system including implied earnings and dividends is offered as a product.
2010
Data APIs are offered to access information. Backtesting options strategies for clients are introduced.
2017
The first version of Wheel – our online platform for backtesting – is released to the public.
2019
SMV summarizations are enhanced with forward volatilities, skew granularities, and component calculations.
2020
Optimization services are offered to clients as a way to quickly test thousands of parameters and indicators to find the best-performing investment strategies.
2022
The ORATS Dashboard is launched, adding stock scanning, trade building, earnings analysis, and more to our suite of web tools.
2023
The Dashboard is augmented with new broker integrations and better trading capabilities. The new backtest finder is launched, giving users the ability to search, filter, and sort millions of backtests. More tutorials and an upgraded website compliment the new features.
Our Team
Matt Amberson
Matt Amberson
Founder & Principal
Matt started ORATS in 2001 and has served thousands of clients in his two decades at the helm. Before ORATS, Matt worked as a market maker on the floor of the CBOE.
Jon Kong
Jon Kong
Director of Engineering
Jon has been with ORATS since 2007, leading the engineering efforts in building out our products, services, and IT infrastructure.
Tyler Cheves
Tyler Cheves
Product Manager
Before working at ORATS, Tyler created an options trading platform on iOS. His experience as a developer, trader, and designer helps us improve and expand our product offering.
Wendy Rauch
Wendy Rauch
Dividend Analyst
Wendy has been our lead dividends researcher since 2009. Prior to ORATS, Wendy worked as a public relations manager for a large mutual fund management company.
Jonathan Sleeuw
Jonathan Sleeuw
Software Engineer
Jonathan has served a variety of roles at ORATS over the years. With decades of experience working within financial firms, Jonathan provides valuable insight and development tips.
Learn from an ex-market maker
Weekly options education hosted by ORATS founder Matt Amberson.
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The opinions and ideas presented herein are for informational and educational purposes only and should not be construed to represent trading or investment advice tailored to your investment objectives. You should not rely solely on any content herein and we strongly encourage you to discuss any trades or investments with your broker or investment adviser, prior to execution. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Option trading and investing involves risk and is not suitable for all investors. For more information please see our disclaimer.
Interactive Brokers is not affiliated with Option Research & Technology Services, LLC and does not endorse or recommend any information or advice provided by Option Research & Technology Services, LLC.