New Options Backtester
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Send orders and manage positions

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.


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.

Profit Attribution

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.

Trade Analysis

Broker Integration

Connect to any of our supported brokers and access your entire portfolio all in one place. Backtest strategies, launch option scans, and open and close orders without leaving ORATS.

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Connect to your favorite broker

TD Ameritrade
Interactive Brokers
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Trading Tools Pricing
An all-in-one package for research, backtesting, trading, and risk management.

Trading Tools

An all-in-one package for research, backtesting, trading, and risk management.


/ month

Try 14 days for $29


Option Scanner



Stock Scanner

Signal Builder

Trade Builder

Earnings & Financials

Live Data (Tradier account required)

Broker Connect


100 Backtests / month

Trade History

Contact Us
Curious about enterprise pricing? Want to become an affiliate? Questions about our data? Let us know.
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Institutional Quality Tools for All Options Traders
(312) 986 - 1060
36 Maplewood Ave, Portsmouth, NH 03801
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