Optionstrat Review 2024

OptionStrat has everything an options trader needs. The options profit calculator is the most important tool for a trader to see how their option strategies will perform. Over 50 pre-built strategies and custom options screeners to create. Visualization tools to see complex trades in seconds.

What does it have and how much to pay? Let’s get into it.

OptionStrat: Your Options Companion

OptionStrat gives you options trading tools. Over 50 pre-built strategies to choose from, plus custom ones to create. See profits and losses in seconds, stay risk aware.

Stay ahead of the market by tracking unusual options order flow. This will help you see big moves before they happen.

OptionStrat also gives you trade ideas and strategies for traders, to help you navigate options trading with educational content, market news and advanced tools.

Liquid options are key to smooth trades. OptionStrat makes it easy to find them, find options with high volume.

Need a strategy for a specific stock and price target? OptionStrat’s got you covered. Enter your expectations and it will give you strategies, then input your target price for more detailed profit and loss calculations.

What is OptionStrat

OptionStrat is an online platform to give traders advanced tools and analytics to navigate options trading. The purpose is to give you all the tools to visualize, analyze and trade with confidence. Using real-time market data, strategies and educational content OptionStrat will help you make better trading decisions and more profits for both pro and retail traders.

About Us

OptionStrat was created to simplify options trading and make advanced strategies for all traders. Since then it has become a leading options analysis tool provider, known for its easy to use interface, many features and investment education. With a focus on innovation and customer satisfaction OptionStrat keeps evolving and adding more features to meet the changing needs of the trading community.

OptionStrat

Strategies

OptionStrat has many options strategies. Over 50 pre-built strategies to choose from, including complex strategy types like backspreads, covered straddles and ratio spreads. You can customize these or create your own by adding trades.

Save your trades and track their performance. The trade optimizer is a great tool to generate strategies. Enter a ticker, select your view and OptionStrat will give you strategies with different risk reward profiles.

Options Profit Calculator and Tools

OptionStrat’s tools are simple and powerful. The options profit calculator tool gives you a color coded table of potential profit/loss at different prices and timeframes. You can see max profit/loss, success probability and breakeven price.

Probability distribution helps you see the likelihood of different outcomes when you trade, to help you make better trading decisions.

Implied volatility is calculated for you but you can adjust it to see how it affects your trade. Traditional profit/loss charts with sliders to see the impact of expiration and strike price changes.

Nice feature is the call and put volume display at each strike price to help you consider liquidity in your decisions.

Unusual Options Flow

OptionStrat tracks options order flow and alerts you to big and unusual trades. This can be very useful to see market sentiment and smart money movement.

Live data is available with the Live Option Flow plan. Free and Live Option Tools users get data delayed 15 minutes and limited information on trades made in the last 15 minutes.

Practice Trading

OptionStrat has a feature to save trades without actually executing them. This virtual trading environment is a great tool to practice options trading and test complex strategies risk free. You can try different scenarios and see how different market conditions will affect your trades.

The trading platform has accurate data and advanced tools, which are important for both new and pro traders to make informed trading decisions.

News

Not as comprehensive as a dedicated news service but OptionStrat has a basic news feed to keep you informed. This will help you stay on top of market events that can cause unusual options flow or new trading ideas. You won’t have to switch between multiple platforms to get the information you need to make a decision.

Also the options profit calculator tool helps you visualize potential profits and losses on market events, a color coded table of potential profit/loss at different time and price.

OptionStrat’s options flow filters are very useful. You can filter by:

Tickers
Premium
Expiration
Bullish, bearish or neutral
Out of the money
Volume above open interest

You can save these filters for future use.

Market Data and Analysis

Live Market Data and News

OptionStrat gives you live market data and news so you stay informed and up to date on market events that can impact your trades. The live data feed is from the Options Price Reporting Authority (OPRA) so you know it’s accurate and reliable. With live data you can see big and unusual trades, market trends and make informed decisions to optimize your trading strategies.

Market Analysis and Commentary

OptionStrat’s market analysis and commentary has in depth analysis and expert opinions on market trends, trading strategies and unusual trades. The team of analysts provides regular updates on market events so you can stay ahead of the curve and make informed trading decisions. Whether you’re a pro or just starting out OptionStrat’s market analysis and commentary is a must have for options trading.

Unusual Trades and Market Trends

OptionStrat’s unusual options flow is a powerful tool to see big and unusual trades and market trends. By analyzing live market data the algorithms detect unusual trading activity and give you valuable insights into market sentiment and trading opportunities. With OptionStrat’s unusual options flow you can get an edge in the market, see profitable trades and avoid pitfalls.

OptionStrat’s Pricing

OptionStrat has multiple pricing tiers to fit your trading needs. You can start with the free version, which allows you to create and edit options strategies. This tier has many features but data is delayed 15 minutes.

For live data and more features get the Live Tools plan:

$14.99/month
$149.99/year

This plan gives you profit estimates for your strategies and access to OptionStrat’s private Discord channel.

The Live Flow plan gives you more advanced features:

$49.99/month
$499.99/year

It includes unusual options flow alerts and custom filters.

Both paid plans come with 7 day free trial, try before you buy. Choose the plan that fits your trading goals and budget.

OptionStrat For?

OptionStrat is for all types of traders but it shines for those who already have a good understanding of options trading. The advanced features make it most useful for experienced and professional traders who want to fine tune their strategies.

Benefits

50+ pre-built options
Custom strategy builder
Easy to use visualizations
Call and put volume indicators
Adjustable options flow screener

OptionStrat’s strategy builder lets you create custom trades and see profit potential in complex scenarios. This is especially useful for pro traders who can use order flow to find trades based on institutional activity.

Being able to modify implied volatility and add custom trades is a big plus for experienced traders. For beginners the trade optimizer is a good starting point and the visualizations will give you practical insight into options trading.

Cons

Real-time options flow data is expensive
Limited historical chart options

If you’re a retail trader looking to learn more about options OptionStrat’s tools will help you visualize and understand complex strategies. But you’ll need to invest time to learn how to use the platform to get the most out of it.

Rating: ★★★★