Two different approaches to options trading. Here's how they compare for options traders, RIAs, and quant researchers.
ORATS is the gold standard for institutional-grade volatility data, strategy backtesting, and raw API access. It excels for quant traders who build custom models. Remora is an integrated platform that takes you from screening through portfolio tracking and optimization in one workflow. It excels for traders running covered calls, cash-secured puts, and spreads who want everything in one place. Choose ORATS if you need deep historical data and backtesting. Choose Remora if you want to screen, trade, track, and optimize without switching tools.
| Dimension | Remora | ORATS |
|---|---|---|
| Starting Price | $199/mo (Pro) | $99/mo (Wheel) |
| Spread Strategies | 12 built-in | Via backtester |
| Portfolio Tracking | — | |
| Portfolio Optimizer | — | |
| IV Surface & Term Structure | — | |
| Strategy Backtesting | — | |
| Options Flow | — | |
| Mobile / PWA | — | |
| Raw Data API | — | |
| AI / MCP Integration | Native MCP (27 tools) | None (API data only) |
| Free Trial | 14 days | 14 days |
ORATS (Options Research & Technology Services) is a data-first options analytics platform built for quantitative traders and institutional researchers. Founded in 2001, it has spent over two decades building one of the deepest historical options data sets available, including volatility surfaces, term structures, and earnings analysis going back years.
The platform's core strength is its backtesting engine, which lets you define strategy entry and exit rules and run them against historical data to validate performance. ORATS also provides a raw data API and Excel integration, making it a natural fit for traders who build custom models or run spreadsheet-based workflows.
ORATS is best suited for quant-oriented traders and institutional teams who prioritize data depth over workflow integration. If you need volatility surfaces, term structure analysis, or strategy-level backtesting with historical data, ORATS is a strong choice.
Remora is an integrated options trading platform designed for options traders — income sellers, directional traders, and RIAs who want screening, portfolio tracking, optimization, and analytics in one place. Rather than switching between tools for different parts of the workflow, Remora connects everything from initial stock and options screening through trade tracking and performance analysis.
The platform includes 12 built-in spread strategies, a 500+ ticker IV rank dashboard, unusual options flow monitoring, a stock scanner, and earnings analysis. On the portfolio side, Remora offers wheel strategy lifecycle tracking, a portfolio optimizer that analyzes capital utilization and exposure, morning briefings, PDF reports, and shared portfolio links for client reporting.
Remora is built for traders who prioritize workflow efficiency over raw data access. If you want to find trades, track your portfolio, optimize your positions, and review performance without leaving one platform, Remora is purpose-built for that workflow.
How each platform helps you find opportunities.
| Feature | Remora | ORATS |
|---|---|---|
| Options Screener (CSP/CC) | ||
| Spread Screener (12 strategies) | ~ | |
| IV Rank Dashboard (500+ tickers) | ||
| Stock Scanner | — | |
| Options Flow (Unusual Activity) | — | |
| Earnings Calendar | ~ |
Remora offers a broader discovery surface with integrated stock scanning, options flow, and earnings tools. ORATS focuses on data-driven screening through its backtester and wheel scanner.
Tracking trades, managing positions, and optimizing your portfolio.
| Feature | Remora | ORATS |
|---|---|---|
| Portfolio Tracking | — | |
| Wheel Strategy Lifecycle | — | |
| Portfolio Optimizer | — | |
| CSV Import / Manual Entry | — | |
| PDF Reports & Shared Links | — | |
| Morning Briefing | — |
Portfolio management is where Remora stands apart. ORATS is primarily a data and analytics platform and does not offer trade tracking, optimization, or reporting.
Measuring and understanding your trading performance.
| Feature | Remora | ORATS |
|---|---|---|
| Equity Curve & P&L Tracking | — | |
| Win Rate & Monthly Heatmap | — | |
| Sector Breakdown | — | |
| Strategy-Level Backtesting | — |
Remora provides portfolio-based performance analytics (how your actual trades performed). ORATS provides strategy-based backtesting analytics (how a strategy would have performed historically). Different questions, different tools.
Depth and breadth of volatility analysis tools.
| Feature | Remora | ORATS |
|---|---|---|
| Historical Volatility Surface | — | |
| IV Term Structure | — | |
| Raw Data API Access | — | |
| TradingView Charts (100+ indicators) | — | |
| Probability of Profit Analysis | ||
| IV Rank / IV Percentile |
This is where ORATS excels. Their historical volatility surfaces and term structure data are institutional-grade. Remora focuses on actionable IV metrics (rank, percentile) and integrated TradingView charting rather than raw volatility research.
Day-to-day usability and platform integration.
| Feature | Remora | ORATS |
|---|---|---|
| Integrated Platform (one login) | ~ | |
| PWA / Mobile-Ready | — | |
| Guided Walkthrough | — | |
| Excel/API Data Export | ~ | |
| AI / MCP Integration | Native MCP (27 tools) | None (API data only) |
Remora is built as a single integrated web app with mobile support and guided walkthrough. ORATS offers multiple separate tools with deep Excel and API integration for custom workflows.
Remora is the only options platform with native AI assistant integration via MCP. Connect Remora to Claude Desktop, Cursor, or any MCP-compatible AI host and run your entire trading workflow — screening, trade finding, portfolio analysis — in natural language. ORATS offers a raw data API for custom integrations, but no native AI assistant support. Learn more about MCP →
What you get at each price point.
Includes portfolio tracking, optimizer, analytics, screener, spread screener, Options Flow, and priority support.
ORATS starts lower but the full data suite runs $999/mo. Backtesting and volatility surfaces require higher tiers.
14-day free trial. See if it fits your workflow.
No credit card required. Cancel anytime.