New
The Tools APIs are now live: option scanning, backtest search, intraday backtesting, and time & sales over REST
Send orders and manage positions
Trading
Send orders through your favorite broker and monitor your positions with text and email alerts. Or, paper trade your strategies in a safe and risk-free environment.
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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.
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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.
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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.
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New to this? See the Placing orders lesson in ORATS University.
Trading Tools
An all-in-one package for options research, backtesting, trading, and risk management.
$99
/ month
Includes:
Real-time Data
Option ScannerPOPULAR
Options BacktesterPOPULAR
Connect to Interactive Brokers, TradeStation, and Tradier
2,000 Backtests / month
Trading
Top Features Loved by Users
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.
- ORATS looks great so far, lovely UX and design!- Matt
- I'm very pleased so far since I can go straight from research in ORATS to placing trades without needing to go into IBKR.- Ryan K.
- I am very impressed with the functionality and interface of ORATS. The platform's data and analytics capabilities have exceeded my expectations so far.- Mikhail
- I'm grateful to have access to this quality set of tools to do the work I LOVE... I do think where you're going has the potential to disrupt the traditional brokerage business and fuel the next retail trading boom.- Lauren R.
- ORATS offers enough to make me a customer for life... The videos and blog entries have been very helpful... The stock scanner templates (particularly the earnings scanner is very useful).- Eric
- I'm loving the new functionality you've given ORATS, especially the screening functionality for spreads- Patrick
- The dashboard is so intuitive, along with the ability of drilling into various segments, command simple requests, etc. It's so easy to decipher feedback and is especially user-friendly for a newbie user.- Tony M.
- The stock scanner is the greatest scanner ever made- Aiman
- There is a lot to the platform and it helps to watch someone who understands the nuances use it. The way the various sections of the platform integrate with one another is an elegant feature and the overall presentation of the data returned is very clean.- Mark
- ORATS is fantastic platform! I have used several including ivolatility/Options omega, but nothing comes close to ORATS.- Ramesh
- ORATS is such a robust and well-thought-out tool, every time I use it, I seem to discover something new to explore. Honestly, it makes me feel like a kid in a candy store.- Abhesh
- I've previously used tools like OptionVue and OptionNetExplorer, but I can clearly say that ORATS operates on a completely different level in terms of data depth and usability.- Metin
- I have been learning your screen set up and nomenclature using Otto and I have got to tell you it is by far the best automated help program I have experienced. Excellent job.- Joel
- Otto is great, way more helpful than general AIs like Perplexity as it has way more context!- Andrey
- I love ORATS. You guys do a lot of the heavy lifting with options data and it's the reason why I chose your company.- Rahul
- I am loving the tool so far. This is coming from someone that has been experimenting with Unusual Whales, Quant Data, Predicting Alpha, Barchart.- Sharif
- I used ORATS on the IBKR TWS platform. I loved it and wanted more options for Backtesting so subscribed to your web platform.- Ajay
- Thank you for building ORATS, we use it as a primary data source for our options research.- Lalith
- Thank you for building ORATS. I love the tool and the weekly webinars.- Wenjing
- I am extremely impressed by ORATS! I have been using the AI tool to learn more about the terminology and tools on the website, and it has been very helpful.- John
- Otto has been very helpful (and very good as sales rep!)- Nico
- I really like the new backtester.- Zach
FAQ
Trading, answered.
Which brokers can I connect?
Interactive Brokers, TradeStation, and Tradier, with more in the works. Connect one under Broker Connect in the dashboard and you can send orders and manage positions without leaving ORATS. ORATS is not a broker and never holds your money: the order goes to your account at your broker.
Can I trade without risking money first?
Yes. Paper trading accounts are included, so you can run a strategy through entries, exits, alerts, and the position blotter exactly as you would live, and see what it would have done before funding anything.
What is profit attribution?
A breakdown, built in-house by the traders here, of where a position’s change in value actually came from. If a debit spread went from $0.74 to $0.86 overnight, it splits that $0.12 into eight factors across the Greeks, skew, and theoretical value, per trade and totaled across the portfolio.
Can I get alerts on my positions?
Yes, by text and email. Set them on the levels that matter to you and monitor the position from the Positions tab, so you are not watching a screen to catch a profit target or a stop.
Can I test a what-if before I place the order?
That is what the trade analyzer is for. It draws the payoff diagram with Greeks and lets you move two dials: implied volatility change in percent, and days to expiration. The theoretical value updates against both, so you can see what the trade is worth if volatility drops five points or a week passes.
What does Trading cost?
It is included in ORATS Trading Tools at $99 per month for an individual license ($199 per user per month for a professional license), alongside every other tool on the platform, from the backtesters and scanners to Otto, real-time data, and broker connections. Cancel within 24 hours of signup for an automatic full refund.
Learn from an ex-market maker
Weekly options education hosted by ORATS founder Matt Amberson.
Watch on Youtube
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ORATS
Institutional Quality Tools for All Options Traders
(312) 986 - 1060
support@orats.com
36 Maplewood Ave, Portsmouth, NH 03801
Trading Tools
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.