CompareOptions trading toolsUpdated September 2026
ORATS vs Option Omega
I've previously used tools like OptionVue and OptionNetExplorer, but I can clearly say that ORATS operates on a completely different level in terms of data depth and usability.
ORATS backtests any US-optionable name on institutional-grade daily data since 2007, and adds a scanner and volatility analytics.
Best for ORATS
- Backtests on any US-optionable name, on daily data since 2007
- One-minute backtests on about 140 names, with SPX AM and PM expirations
- An option scanner, a stock scanner with 700+ indicators, and a volatility surface
Option Omega backtests 12 tickers on one-minute data.
Feature comparison
Option Omega details are from their public pages, read on September 29, 2026.
| Feature | ORATS | Option Omega |
|---|---|---|
| Tickers | ORATS Any US-optionable name on daily data; about 140 on one-minute data | Option Omega 12 tickers: SPX, SPY, QQQ, IWM, AAPL, AMZN, GLD, MSFT, NVDA, TLT, TSLA, IBIT |
| SPX expirations | ORATS AM and PM, on one-minute data | Option Omega PM only; XSP is excluded from backtests |
| Option and stock scanners | ORATS Option scanner ranked by theoretical edge, plus a stock scanner | Option Omega None found on the site, in the docs, or in the app |
| Paper trading | ORATS Yes, simulating assignment at expiration | Option Omega None, per its docs |
| Greeks and implied volatility | ORATS Every strike, live and historical, from a smoothed surface | Option Omega Shown in the payoff modeler, not in backtest results |
| Data API | ORATS From $199/mo, a separate plan from Trading Tools | Option Omega No |
Pricing
ORATS Trading Tools is $99 a month, about the price of Option Omega's Essential plan billed monthly ($49.99 a month billed yearly). For that, ORATS backtests any US-optionable name on daily data and about 140 on one-minute data, against Option Omega's 12 tickers, with a scanner and paper trading included.
Option Omega prices as of September 29, 2026.
Annual billing lowers Lite, Essential, Plus, and Premium to $24.99, $49.99, $74.99, and $249.99 a month.
ORATS
- Trading Tools, individual
- Every tool, real-time data, broker connections, 2,000 backtests a month
- $99/mo
- Trading Tools, professional
- The same platform under a professional license
- $199/user/mo
- Trading Tools, student
- With a .edu email; delayed data, no broker connections
- $49/mo
- Data API
- A separate product; Trading Tools does not include API access
- from $199/mo
Option Omega
- Lite
- Payoff modeling only, no backtesting
- $29.99/mo
- Essential
- Backtesting, unlimited tests, portfolios
- $99.99/mo
- Plus
- Backtesting and payoff modeling
- $129.99/mo
- Premium
- Adds automated trading, up to 100 opening executions a day
- $299.99/mo
Common questions
Is there an Option Omega alternative with more tickers?
Yes, ORATS. Option Omega backtests 12 tickers: SPX, SPY, QQQ, IWM, AAPL, AMZN, GLD, MSFT, NVDA, TLT, TSLA, and IBIT. It excludes XSP from backtests, which it says has historically been too illiquid to model realistically. ORATS backtests any US-listed optionable name on daily data since 2007, and about 140 of the most-traded names with weekly options on one-minute data since October 2020.
Does Option Omega have an options scanner?
Not that we found: there is no scanner on Option Omega's site, in its docs, or in its app. ORATS Trading Tools includes an option scanner ranked by theoretical edge and a stock scanner with 700+ indicators.
Does Option Omega offer paper trading?
No. Option Omega's docs state that no paper trading is available. ORATS Trading Tools includes paper trading that simulates assignment at expiration.
How much does Option Omega cost?
$29.99 to $299.99 a month. Lite ($29.99) is payoff modeling only, Essential ($99.99) is backtesting, Plus ($129.99) is both, and Premium ($299.99) adds automated trading. Annual billing is $24.99 to $249.99 a month. It offers a 7-day free trial on every tier, and all purchases are non-refundable. ORATS Trading Tools is $99 a month, about the price of Essential billed monthly, and backtests any US-optionable name on daily data and about 140 on one-minute data, rather than 12 tickers, with a full refund if you cancel within 24 hours.
Where do these facts come from?
Option Omega details come from their public pages, read on September 29, 2026, and may have changed since. If something here is out of date, email support@orats.com and we will correct it. Option Omega product names and trademarks belong to their owners.
- Option Omega pricing page (plan prices, symbols, trial)
- Docs: backtest setup (SPX PM only)
- Docs: backtesting FAQ (XSP exclusion)
- Docs: backtest results
- Docs: modeling setup and use (where greeks appear)
- Docs: subscription tiers
- Docs: brokerage details (no paper trading)
- Option Omega docs index
- Option Omega FAQ (symbols, no paper trading)
- Option Omega Terms & Conditions (non-refundable)
- ORATS Trading Tools
- ORATS Intraday Backtester
- ORATS Options Backtester
- ORATS Data API pricing
