Option Samurai is for all traders who value simplicity and top options scanners. Novice or pro, including new options traders, you’ll find pre-built scans and custom options to suit your trading strategy. 24 strategies and over 150 filters to narrow down your search.
What is Option Samurai
Option Samurai is a modern options scanning platform that gives traders the tools and insights they need to win in the markets. Simple and powerful, Option Samurai is for both new and experienced options traders. The goal is to give traders an edge in the market with a suite of tools and resources. Whether you’re new or have years of experience, Option Samurai gives you the data and strategies to make informed trading decisions.
Option Samurai Features
Custom Options Scans
Option Samurai’s custom options scanner is a powerful tool. 24 strategies: covered calls, spreads, straddles, iron condors. Over 150 filters to narrow down your search.
These filters include:
- Trade metrics: Expected return, probability of expiring worthless
- Option characteristics: Strike price, volume, breakeven percentage
- Price analysis: Put/call skew rank
You can also filter by company fundamentals and technical indicators like
Fundamental Filters Technical Filters Analyst ratings RSI Dividend dates MACD Earnings dates Bollinger Bands P/E ratio Performance (monthly, quarterly, YTD) and Short interest Volume.
You can calculate profit/loss using current bid-ask prices or custom price targets. This helps you plan your trades and set your entries.
Combine strategies and filters to create very specific scans to your trading style. Save your favorite scans for quick access to speed up your trade idea generation. But you can’t create fully custom strategies. Which may be a limitation for some.
Options Tools
Scan
Option Samurai’s scan has many filters to help you find the best options trades. You can customize with over 150 parameters: fundamental and technical indicators. The platform gives stocks an overall score of 1-10 so you can see the best opportunities at a glance.
Scan results are in an interactive table. You can customize the columns and sort by two columns at once. A nice color-coding system shows key metrics like implied volatility rank which is historical volatility as a percentage for easy cross-stock comparison. As you accumulate more data through maintaining an options trade log, it becomes easier to review past trades and improve performance.
Click on any stock to see detailed trade recommendations:
- Individual contract details
- Profit/loss charts for today and expiration
- Recommended trade structure
Save unlimited custom scans to your account for future sessions.
Pre-Built Strategies with Technical Indicators
Option Samurai has 44 pre-built scans to get you started. Scans are tagged so you can quickly find strategies that match your:
- Market outlook (bullish/bearish)
- Risk level
- Options approach
Each pre-built scan has a description so they’re great for new traders. But while the platform has many pre-built strategies, you can’t create fully custom strategies. Which may be a limitation for some.
Trade Log of Past Trades
The trade log feature allows you to monitor open positions and review past trades. Still in beta it has:
- Add notes to individual trades
- Group trades by strategy, expiration or ticker
- See patterns in your trading history
You can have multiple trading accounts in the log. But:
- No direct brokerage integration
- Trades must be added manually or imported from the scanner
- Advanced analysis tools (e.g. profit/loss for trade groups) are not available
- Custom trade tagging not supported yet
Despite the limitations the trade log is a good starting point for tracking and improving your options trading performance.
User-Friendly
One of the best features of Option Samurai is the user-friendly interface. The platform is clean and easy to navigate. You can find what you need quickly and efficiently. The interface is also highly customizable so you can tailor your experience to your needs and preferences. Option Samurai’s interface is beautiful and modern even for new options traders. So you can focus on what matters most—making money.
Option Samurai Pricing Plans
Option Samurai has two plans for different traders. Choose between Beginner and Advanced.
Beginner is $49/month or $468/year. This level gets you all pre-built scans, strategies and filters. You can log trades for 2 accounts.
For more features, Advanced is $75/month or $708/year. This level gets you:
- Unlimited trade logging accounts
- Excel toolbox to integrate scans with your workflow
- Intraday email alerts for new symbols in custom scans
Try before you buy with a 14 day free trial. No credit card required.
What’s Unique About Option Samurai
20+ options strategies and 150+ filters at your disposal. Easy to use and execute complex scans. Pre-built scans are great if you need inspiration or a starting point for your trades. These high quality presets will save you time and give you new ideas. The pre-built scans and filters will help you generate trade ideas quickly.
Trade log is a nice bonus to help you find and fix weaknesses in your trading strategy.
Option Samurai to make your life easier and help you make better decisions. Whether you’re a new or experienced trader.
Benefits
- 44 pre-built scans for quick analysis
- User friendly interface
- 14 day trial
- No custom strategy builder
- More expensive than some others
User Support and Resources
Option Samurai is committed to providing its users with top notch support and resources. The platform has a trade log feature to track your past trades and analyze your performance. This is super helpful to find patterns and improve your strategy over time. Option Samurai also has a wide range of technical indicators (RSI, MACD, Bollinger Bands) to help you make better decisions. Saved scans to quickly find trade ideas. Excel toolbox to integrate the platform with your trade idea workflow. With all these features and resources Option Samurai is the perfect tool for options traders who want to take their trading to the next level. Whether you want to capture dividends or analyze stock scores Option Samurai has what you need to succeed in the options market.
Options Samurai Alternatives
Market Chameleon has real-time data and premium reports for options trading. FlowAlgo has live data on unusual options activity. InsiderFinance has corporate action data. Unusual Whales and Cheddar Flow are for trend following. OptionsStrat allows you to backtest strategies with data from multiple sources.
Related Reviews: Optionstrat Review, Cheddar Flow Review, FlowAlgo Review
Rating: ★★★★
