OptionsStrat
Visual options strategy builder and profit/loss calculator with real-time pricing, IV analysis, and P&L simulations for all options strategies.
★★★★☆ 4.0/5
optionsstocks
Quick Facts
- Starting Price
- Free
- Free Tier
- Yes
- Founded
- 2020
- Company
- OptionsStrat LLC
OptionsStrat Overview
OptionsStrat is a specialized options analysis platform that makes complex options strategies accessible through intuitive visual profit/loss diagrams, real-time pricing, and powerful simulation tools. The platform is designed for options traders of all levels who want to understand the risk/reward profile of any options strategy before placing a trade.
The core feature is the Strategy Builder, which allows traders to construct any combination of calls, puts, and stock positions, then instantly see the P&L diagram, breakeven points, max profit, max loss, probability of profit, and Greeks. The platform supports all standard strategies (verticals, iron condors, butterflies, straddles, calendars, etc.) and custom multi-leg combinations.
OptionsStrat provides real-time options pricing, implied volatility analysis, IV rank/percentile, unusual options activity scanning, and an earnings calendar with expected moves. The mobile app is particularly popular among traders who want quick P&L analysis on the go. The free tier offers basic strategy visualization, while the Premium plan ($29.99/mo) unlocks real-time data, advanced analytics, and unlimited strategy saves.
OptionsStrat Pricing
Free
Free
- ✓ Basic P&L diagrams
- ✓ Delayed data
- ✓ Standard strategies
- ✓ Limited saves
Most Popular
Premium
$29.99 /mo
$19.99/mo billed yearly
- ✓ Real-time options data
- ✓ Advanced analytics
- ✓ Unusual activity scanner
- ✓ Unlimited strategy saves
- ✓ IV analysis tools
- ✓ Earnings expected moves
Features
✗ AI Analysis
✗ Backtesting
✗ Paper Trading
✓ Price Alerts
✓ Mobile App
✗ API Access
✗ Social Features
✗ Broker Integration
✗ Custom Indicators
✗ Automated Trading
✗ Trade Journaling
✗ Performance Analytics
✓ Risk Management
✗ News Feed
✓ Education Content
Pros & Cons
Pros
- + Best visual P&L diagrams for options strategies
- + Intuitive strategy builder — great for learning
- + Real-time Greeks and IV analysis on Premium
- + Excellent mobile app for on-the-go analysis
- + Unusual options activity scanner
Cons
- - Free tier uses delayed data
- - No broker integration for trade execution
- - No backtesting capabilities
- - Premium pricing is relatively high for a visualization tool
- - Limited to US equities options
Rating Breakdown
4.0
★★★★☆
Overall Rating
ease of use 4.7
features 3.8
value 3.7
support 3.8
reliability 4.2
Similar Tools
Option Alpha
★★★★☆ 4.2
Options trading automation platform with visual bot builder, backtesting, SmartPricing, and extensive free education for systematic options sellers.
Free tier Free
optionsstocks
Power E*TRADE
★★★★☆ 4.1
E*TRADE's advanced options and active trading platform with live options chains, strategy optimizer, risk analysis, and paper trading — all included free.
Free tier Free
stocksoptionsfutures
ThinkorSwim
★★★★½ 4.7
Professional-grade charting and trading platform by Charles Schwab with advanced options analysis and thinkScript.
Free tier Free
stocksoptionsfutures
Affiliate Disclosure: Some links on this page may be affiliate links. If you sign up through our links, we may earn a commission at no extra cost to you. This helps us keep TradingToolsHub free and our reviews independent.