Wheel Web Platform
An all-in-one package for backtesting, scanning, trading, and risk.
Top New Features in Wheel
New and improved tools for strategy development.
Paper Trading
Experience an all-in-one paper trading toolkit, with seamless execution and powerful risk management.
Featured Backtests
Get a head start on backtesting with several robust strategies curated by the professionals at ORATS.
Trigger Engine
Test the best entry and exit triggers for your strategy with hundreds of our proprietary indicators.
Overview Graphs
Watch the market in new ways with our custom graphs, populated with our proprietary implied volatility forecasts.
Videos
Learn and explore Wheel with walkthrough videos
Tools
Primed for creating and testing new strategies
Backtesting
Our most popular tool allows you to backtest any option strategy dating back to 2007.
Backtest bullish, bearish, and neutral strategies - ranging from covered calls to diagonal calendar spreads.
Customize days to expiration, strike selection, and many other parameters including stop losses and profit targets.
Choose from hundreds of entry and exit triggers and technical indicators such as contango and RSI.
View results in minutes and get important metrics such as Sharpe ratio, volatility of returns, win/loss%, max yearly loss, max drawdown, and much more.
Scanning
Scan current market conditions for the best trade for any strategy.
Scan bullish, bearish, and neutral strategies, as well as your own custom backtests.
Quickly preview and submit trades directly from the scan results.
Sort by distribution percentage, forecast percentage, smoothing percentage, or delta cost.
Click on the trade description to jump to those options in a chain.
Trading
Submit orders, view positions, and monitor risk without risking your own money.
Forward-test your strategies in an end-to-end paper trading environment.
View payoff diagrams for each trade and even your entire portfolio.
Set up autotrading and alerting so you can test multiple strategies at once.
Chain
Compare options values, IVs, volumes and trade directly from the ORATS Options Chain.
Volume, open interest, implied volatility, and delta.
Set up a trade by clicking on the ask for buy and bid for sell.
Compare options bid-ask to the SMV theoretical value and forecast value for each option.
Theoretical values outside the bids and asks are marked green or red.
Trade stock by clicking on the stock bid to sell or ask to buy.
Chart
Visually explore your favorite stocks with our historical charts that go back to 2007.
Chart hundreds of proprietary indicators, including short-term contango, implied hard-to-borrow interest rate, and 30 calendar day interpolated implied volatility.
Choose from popular measures of performance such as MACD and Bollinger Bands.
Set up entry and exit triggers and see on the chart when the strategy would trade.
