Monday, April 29th 2019
Press Release: New Updates to the Backtester
Test Options Strategies Without Risking Capital Press Release
ORATS has released a major upgrade to its options backtest service, which allows users to test multiple strategies simultaneously and generate statistics based on combined tactics. The backtester is a tool for making better trading decisions and is currently used by large and small companies across the financial industry. The ORATS backtester is available now and offers a free 14-day trial to its online subscription-based service.
ORATS Helps Clients Strengthen Options Trading Strategies
Upgrades its User-Friendly Backtest Service
[For Immediate Release]
Portsmouth, N.H., April, 29, 2019—Option Research & Technology Services (“ORATS”), a leader in US equity options data and analysis, has released a major upgrade to its options backtest service.
Users create backtests that apply trading rules to historical data and gauge performance of rules-based-strategies. ORATS backtesting tool helps subscribers understand and reduce the complexity of options trading. By giving traders and investors the opportunity to test an options strategy without risking capital, a backtester is a tool for making better trading decisions. The backtest service is currently used by large and small companies across the financial industry, including pension funds, banks, hedge funds, and individual traders.
The ORATS backtester offers many trading rules that can be applied to calls, puts and spreads on historical data back to 2007. One of the upgrades allows users to test multiple strategies simultaneously and generates statistics based on combined tactics. Also, a stock-only option is now offered so users can mimic their portfolios by including multiple symbols and weightings. For example, users can enter their portfolio, combine the portfolio with a long put in SPY, and compare the performance of the stock-only portfolio with the augmented portfolio plus put.
“Our decades of experience in the options markets and trading industry have helped us create an industry-leading backtester,” says Matt Amberson, principal of ORATS, and a former Chicago Board Options Exchange (“CBOE”) market maker. "Our mission is to simulate real-world trading scenarios to help options investors develop strategies. The industry is changing rapidly, and we will continue to improve the backtester’s functionality to adhere to evolving demands."
The ORATS backtester is available now at www.orats.com and offers a free 14-day trial to its online subscription-based service.
ORATS, established in 2001 by successful options professionals, is a premier options analytics vendor committed to uncovering untapped, alpha-generating solutions. We use an advanced, proprietary volatility analysis to produce implied, forecast, and historical volatilities that have been proven using our backtester to be more accurate market summarizations than those obtained from most commonly available sources. For more information, visit www.ORATS.com.
We reveal the process and calculations behind our groundbreaking new options backtester, engineered to help you find the perfect strategy.
Discover your favorite backtests by filtering on several popular performance metrics such as notional return, sharpe ratio, and percent of time in market.