Trade ideas
Trade ideas aren't just ideas anymore - we backtest every trade idea so that you can make better decisions rooted in historical data. To find the top trades for today, we first rank all of our pre-compiled backtests across all symbols and strategies by best return on risk, filtering those with entry triggers that match the current environment (VIX, SMA, RSI, IV Percentile, and slope percentile). Then for each of the top performing backtested strategies, we scan to find the best options trade ranked by POP%, risk/reward, and theoretical edge.
Profit attribution
Developed in-house by the traders at ORATS, the profit attribution calculation breaks down how greeks, skew and theoretical values impact your trades. We calculate this on a per-trade basis, then add it up to get a total portfolio value. For example, if yesterday the debit cost of your trade was $0.74, and today it's $0.86, where is the $0.12 price increase coming from? We break it down into eight factors.
Trade analysis
Analyze your options trades with a state-of-the-art payoff diagram (Greeks included). Additionally, quickly adjust 'What if?' scenarios in the trade analyzer to see how the theoretical value today will change according to your parameters. We offer two variables: 1. Implied Volatility Change %: Choose how much to increase or decrease the implied volatility of the position. 2. Days to Expiration: Choose how much to increase or decrease the time to expiration of the position.