Backtesting
Monday, April 29th 2019
Press Release: New Updates to the Backtester
Test Options Strategies Without Risking Capital Press Release
Summary
ORATS has released a major upgrade to its options backtest service, which allows users to test multiple strategies simultaneously and generate statistics based on combined tactics. The backtester is a tool for making better trading decisions and is currently used by large and small companies across the financial industry. The ORATS backtester is available now and offers a free 14-day trial to its online subscription-based service.
ORATS Helps Clients Strengthen Options Trading Strategies
Upgrades its User-Friendly Backtest Service
[For Immediate Release]
Portsmouth, N.H., April, 29, 2019—Option Research & Technology Services (“ORATS”), a leader in US equity options data and analysis, has released a major upgrade to its options backtest service.
Users create backtests that apply trading rules to historical data and gauge performance of rules-based-strategies. ORATS backtesting tool helps subscribers understand and reduce the complexity of options trading. By giving traders and investors the opportunity to test an options strategy without risking capital, a backtester is a tool for making better trading decisions. The backtest service is currently used by large and small companies across the financial industry, including pension funds, banks, hedge funds, and individual traders.
The ORATS backtester offers many trading rules that can be applied to calls, puts and spreads on historical data back to 2007. One of the upgrades allows users to test multiple strategies simultaneously and generates statistics based on combined tactics. Also, a stock-only option is now offered so users can mimic their portfolios by including multiple symbols and weightings. For example, users can enter their portfolio, combine the portfolio with a long put in SPY, and compare the performance of the stock-only portfolio with the augmented portfolio plus put.
“Our decades of experience in the options markets and trading industry have helped us create an industry-leading backtester,” says Matt Amberson, principal of ORATS, and a former Chicago Board Options Exchange (“CBOE”) market maker. "Our mission is to simulate real-world trading scenarios to help options investors develop strategies. The industry is changing rapidly, and we will continue to improve the backtester’s functionality to adhere to evolving demands."
The ORATS backtester is available now at www.orats.com and offers a free 14-day trial to its online subscription-based service.
About ORATS
ORATS, established in 2001 by successful options professionals, is a premier options analytics vendor committed to uncovering untapped, alpha-generating solutions. We use an advanced, proprietary volatility analysis to produce implied, forecast, and historical volatilities that have been proven using our backtester to be more accurate market summarizations than those obtained from most commonly available sources. For more information, visit www.ORATS.com.
Disclaimer:
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.
All opinions are based upon information and systems considered reliable, but we do not warrant the completeness or accuracy, and such information should not be relied upon as such. We are under no obligation to update or correct any information herein. All statements and opinions are subject to change without notice.
Past performance is not indicative of future results. We do not, will not and cannot guarantee any specific outcome or profit. All traders and investors must be aware of the real risk of loss in following any strategy or investment discussed herein.
Owners, employees, directors, shareholders, officers, agents or representatives of ORATS may have interests or positions in securities of any company profiled herein. Specifically, such individuals or entities may buy or sell positions, and may or may not follow the information provided herein. Some or all of the positions may have been acquired prior to the publication of such information, and such positions may increase or decrease at any time. Any opinions expressed and/or information are statements of judgment as of the date of publication only.
Day trading, short term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/ or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. In addition, certain trades may result in a loss greater than your entire investment. Always perform your own due diligence and, as appropriate, make informed decisions with the help of a licensed financial professional.
Commissions, fees and other costs associated with investing or trading may vary from broker to broker. All investors and traders are advised to speak with their stock broker or investment adviser about these costs. Be aware that certain trades that may be profitable for some may not be profitable for others, after taking into account these costs. In certain markets, investors and traders may not always be able to buy or sell a position at the price discussed, and consequently not be able to take advantage of certain trades discussed herein.
Be sure to read the OCCs Characteristics and Risks of Standardized Options to learn more about options trading.
Related Posts
