ORATS stands for Options Research & Technology Services. ORATS provides data, software and analytics for options traders. The company offers tools for traders to analyze options markets, improve trading strategies and make informed decisions. Founded by Matt Amberson, ORATS serves individual traders, financial institutions and investment firms with its specialized options data services.
Features
ORATS has several products for options traders. The ORATS Data API delivers historical and current options data including prices, implied volatility and Greeks. Traders use this data to analyze market trends and develop trading strategies. The platform has Probability Lab, a tool that helps traders visualize risk and reward scenarios for options trades. ORATS Scanner lets users find trading opportunities based on specific criteria like volatility skew or earnings events. The Wheel Strategy tool helps traders implement popular options selling strategies. ORATS backtesting capabilities allow traders to test strategies using historical data before risking real money. The platform has a Stock Sentiment indicator that tracks market sentiment using options data. ORATS also offers professional services like custom data feeds and specialized research for financial institutions. The Easy Volatility Web App helps traders manage options positions with visual risk analysis tools. All these features help traders get better information for options trading decisions.
Costs
ORATS has different subscription plans for different user needs. The Data API service costs $200/month for individual traders, for core options data. Institutional clients pay more based on usage volume and data requirements. The ORATS Wheel subscription costs $99/month for the wheel strategy implementation tools. The Scanner service subscription is $99/month to screen for options opportunities. ORATS offers discounts for annual payments, typically 15-20% less than monthly billing. New users can try the platform for 7 days free before committing. Educational institutions get special pricing for academic research. Professional services and custom data solutions have negotiable pricing based on specific requirements. ORATS sometimes offers promotional discounts for new subscribers. The company offers a 30 day money back guarantee for customers not satisfied with their subscription. Overall ORATS positions its services as premium products with pricing to match the specialized nature of options data and analytics.
Summary
ORATS provides options data and tools for traders who want market insight. The platform combines historical data with predictive analytics to help you make trading decisions. ORATS serves individual traders and large financial institutions with its range of products. The company focuses on data accuracy and timely options information. Users like ORATS for the specialized options analytics that most other platforms don’t have. The platform adds new features based on user feedback and market developments. ORATS has a strong reputation among professional options traders for data quality. The subscription model allows you to pick the services that fit your trading needs. For serious options traders ORATS has the tools to help you improve your trading results through better data analysis.
Pros and Cons
ORATS has high quality options data to help you make informed decisions. The platform has tools designed specifically for options strategies. Users like the backtesting capabilities to verify strategies before real trading. The API integration works with other trading platforms and software. ORATS updates data throughout the trading day. The company has good options trading expertise customer support. However ORATS is premium priced and may be too expensive for casual traders. The platform has a steep learning curve for beginners who aren’t familiar with options terminology. Some users experience data discrepancies during high volatility. The interface is function over form and looks dated compared to newer platforms. ORATS requires a lot of time to master all the features. The platform lacks basic educational resources for beginners. Despite these drawbacks ORATS is a valuable tool for serious options traders who need detailed market data and analysis capabilities.