The Option Trader's Toolkit
Trade smarter with OptionStrat's intuitive visualization and analysis tools
Use the strategy builder to calculate and visualize the expected profit and loss of over 50 pre-made strategies. Or, create your own strategy by selecting various option strikes and expirations.
Use the options optimizer to find the best trades for a given target price and date. The strategies are ranked by best return or best chance.
Track unusual options flow like never before:
Enhanced Options Flow
OptionStrat Flow scans the market to uncover large and unusual trades as they happen, giving you insight into trades by institutions and other smart money.
Not only do we show large call or put purchases, but we detect if the transaction showed urgency or aggression from the buyer or seller to show you both sides of the market.
We are the first to provide unusual options activity for complex strategy types. OptionStrat Flow detects spreads, condors, and other advanced strategies and categorizes them as bearish, bullish, neutral, or directional.
Advanced Details & Tracking
Click on any flow to get more details such as the volume, open interest, spot price, and more.
We chart and track the performance of each alert, giving you an up-to-date view of the current profit or loss, and the maximum profit or maximum loss seen so far.*
Trades can also be opened in the options builder, allowing you to dive deeper into the trade.
Custom Filters & Alerts
Easily filter the flow by specific criteria to narrow down your search. Filter configurations can be saved for later use, or to enable highlighting of matching rows.
Enable alerts for a filter to get web or mobile notifications when any matching trades are made.*
Visualize option strategies:
Options Profit Calculator
Build option strategies in real-time with our options profit calculator and visualizer. No more scrolling through lengthy option chains, just select a stock, expiration date, and strike(s) to see stats about your trade including:
- The cost of the trade (or the credit received)
- Maximum potential profit and loss
- Breakeven prices
- Chance of profit*
- Net greeks*
- Estimated profit/loss in table or graph view
Everything in OptionStrat updates immediately, simply drag the strikes to reposition your trade, or adjust the IV to see how it affects the trade. You'll gain deeper insight into how options work as you adjust the trade and see how the risk and reward changes.
Market Events*
OptionStrat keeps you informed by showing market events that might affect your trade.
Any stock with a significant price change will show the breaking news causing the price movement. The profit & loss table will also show upcoming events including:
- Earning dates and times
- Ex-dividend dates
- Split dates
Volume Overlay*
See the most active strikes for calls and puts so that you can find the options with highest liquidity.
Share and Track Saved Trades
Click the share button to save your trade (and generate a unique link that you can share).
Saved trades are automatically tracked, giving you easy access to important stats:
- The total return
- Today's return
- The highest return and largest lost reached so far
- A historical chart showing the strategy's performance
You can even close out saved trades, allowing you to practice paper trading options by entering and existing trades. We track both your realized and unrealized gain or loss throughout the lifetime of the trade.
Pre-Made and Custom Strategies
Nearly any strategy can be created, including strategies with underlying stocks like covered calls, or multiple expirations such as double diagonals.
Over 50 strategy templates are available to choose from, each with a handy setup chart and description.
Use the menu at the top of this page to view all of our pre-made strategies.
Instantly optimize a trade:
Find the best trades automatically by choosing:
- A sentiment (bearish, bullish, etc), or a target price
- A target expiration date
- Your risk tolerance (in the form of optimizing for max return or max chance)
The options optimizer then searches through thousands of potential trades to find which strategies maximize returns or chance of profit (or somewhere in between).
*This feature is only available to paid members.