Jeremy Biberdorf
By: Jeremy Biberdorf
July 8, 2023

OptionStrat Review 2025: Elevating Options Trading

Jeremy Biberdorf
By: Jeremy Biberdorf
July 8, 2023

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Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
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4.5/5

4.5 rating based on 5 ratings

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In a Nutshell: OptionStrat is an advanced trading platform offering options strategy visualization, optimization, and an options flow feature to identify unusual trades in the market. The platform empowers both professional and retail traders with robust tools, insights, and educational content.

Built with an options profit calculator, it helps users to predict potential profits and the probability of success for various option strategies. OptionStrat’s smart money tracking feature also provides a unique insight into trades, further enriching its users’ trading experience.

Continue reading for our full review of OptionStrat.

Service TypeFees Promotion
Options Trading and Analysis PlatformSubscription-based with Free TrialYes - Free Trial Available
Pros & Cons
Pros
  • Advanced trading tools for strategy optimization.
  • Rich educational content for all trading levels.
  • Real-time insights into market trends.
  • User-friendly interface and navigation.
Cons
  • Requires a paid subscription after the free trial for valuable features.
  • High complexity, especially for novices.

OptionStrat Video Review

 

OptionStart Stock Information Screenshot

What is OptionStrat?

optionstrat.com website

OptionStrat is a cutting-edge platform designed for traders specializing in options. It provides robust tools for options strategy visualization, potential trade analysis, options flow tracking, and options optimization. By harnessing the power of advanced strategies and analytics, OptionStrat guides both professional and retail traders towards profitable trade setups.

The platform offers a comprehensive suite of tools, including an options profit calculator, to predict potential profits, a strategy optimizer to customize complex strategies, and an unusual options flow feature to track smart money in the market. By offering these features, OptionStrat provides valuable insights into trades and market conditions, boosting traders’ chances of success.

Learn More About OptionStrat

External OptionStrat Reviews & Ratings

SiteRating
Apptopia5 from 1,856 reviews
Facebook5
Apple App Store4.9 from 1,900 reviews
Google Play4.6 from 1,342 reviews
Day trade Review4.3

Firsthand User Experience with OptionStrat

Here are some reviews from traders who have experienced the platform firsthand:

“Absolutely fantastic. This app is the way to go to learn all the intrincacies of options trading. It’s very educational, it has concise and clear descriptions of many strategies. Terrific tool to visualize complex trades and make quick decisions. The subscription is totally worth it as well. Kudos to the developers, it keeps getting better and better.”
“Just do yourself a favor and get it!! I have been using OptionStrat for almost 2 years now and can’t imagine trading without it!”
“Amazing tool, super clear and intuitive. I love the optimize feature because it helps to find the ideal risk to return on your trade and price target as a starting point, then you can adjust a bit based on how much more risk you want to be exposed to on the trade.”
“#1 Tool for options anything. Interface is fantastic, live options flow, filter what ever criteria you like or unfiltered, so easy to use, all options strategies pre built just plug in symbol or make your own. See a live trade you like, save it, software watches it for you including results winning or losing. Does everything, absolutely worth the money.”

How Does OptionStrat Work?

OptionStrat works by providing users with advanced strategies, analysis tools, and educational content. Users begin by using the options strategy visualizer to get a handy setup chart and understand potential trades.

OptionStrat’s options optimizer allows traders to customize complex strategy types based on their target price, market outlook, and other parameters. The optimizer provides key metrics like potential profit, return on investment, and chance of profit, helping users make informed decisions.

Another powerful feature is OptionStrat Flow, which monitors unusual options flow and gives users real-time insight into where the smart money is moving in the market. This feature is a powerful tool for predicting future stock prices, thereby offering a competitive edge to users.

In addition, OptionStrat provides educational content, strategy templates, and exchange-listed options, providing the necessary education to investors. It also includes the black-scholes model, double diagonals, and other advanced strategies to guide users.

Who is OptionStrat Best For?

OptionStrat is ideally suited for:

  • Professional Traders: With its advanced strategies and tools, OptionStrat is an excellent resource for professional traders who want to leverage options trading to boost their profits.
  • Retail Traders: Even for retail traders, OptionStrat’s educational content and easy-to-understand visualizations make the platform a worthwhile investment, providing users with in-depth insights into complex trading scenarios.
  • Day Traders: With features like the unusual options flow and swing trade stock screener, OptionStrat is a valuable asset for day traders who need real-time insights into market movements and trade ideas.

What are The Benefits?

Choosing OptionStrat for your trading needs offers several notable benefits:

  • Advanced Tools: OptionStrat provides powerful trading tools, including an options optimizer, profit calculator, and unusual options flow feature.
  • Educational Content: The platform offers a wealth of educational content and strategy templates to help users understand and execute complex strategies.
  • Unusual Options Flow: This feature provides real-time insights into smart money movements, enabling users to stay ahead of the market.
  • Options Strategy Visualizer: The platform’s visualizer makes it easier for users to understand potential trades and complex strategy types.
  • Options Profit Calculator: Users can calculate potential profits and assess the probability of profit for different options strategies.

OptionStrat’s comprehensive suite of tools and educational resources make it an invaluable platform for options traders seeking to enhance their trading strategies and returns.

Understanding Option Strategies

Options strategies are trading strategies that involve buying and selling options — financial contracts that offer the right to buy or sell an asset at a specific price by a certain date. Traders use these strategies to hedge their investments, generate income, or speculate on market movements.

Some of the most common options strategies include calls, puts, covered calls, protective puts, and spreads. Each strategy has its own risk and reward profile and is suitable for different market conditions and investor objectives.

The complexity of options strategies can be daunting for new traders, which is why educational resources like those offered by OptionStrat can be so beneficial. By learning how to understand and implement different strategies, traders can better manage their risk and potentially increase their returns.

OptionStrat Plans and Pricing

OptionStrat provides a range of plans to cater to different trading needs and budget constraints. The platform offers a free trial to let users get a feel for its functionality before opting for a premium plan. Here are the details of the available plans:

Free Plan:

The free plan offers delayed data and limited access to each feature on the platform. Although there might be a 15-minute delay in the data, it still provides valuable insights for traders who are getting started or testing out the platform.

Live Tools Plan – $14.99/mo:

The Live Tools plan provides live options flow with some limitations, a strategy builder and optimizer, live prices without delay, and market events and news. Additionally, it features a volume overlay chart showing the most active strikes for calls and puts. This plan offers a chance of profit view and probability distribution in the optimizer and visualizer. Users also get net greeks and IV charts for multi-leg strategies and strategy calculations inclusive of commission fees. An added benefit is access to a private Discord group chat with other members.

Live Flow Plan – $49.99/mo:

The Live Flow Plan includes all the features of the Live Tools Plan, plus some additional ones. The key enhancement is the live options flow, providing users with all trades without any delay. This plan enables users to save custom filters and set up alerts when trades match their custom filters. It includes performance tracking to view the high, low, current value, and graph of each alert. Additionally, users can search through past flow from previous days.
OptionStrat also offers a 17% savings on an annual plan, making it a cost-effective choice for users who plan to use the service long-term.

Whether you’re a professional trader or a retail investor, OptionStrat’s flexible pricing and feature-packed plans make it an excellent platform for enhancing your options trading strategies.

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Advanced Strategies Available on OptionStrat

OptionStrat prides itself on providing a range of advanced strategies to its users. These strategies cater to a variety of market conditions and risk tolerance levels, allowing traders to customize their trading approach to align with their goals. Here are a few specific examples:

Iron Condors: An iron condor is a strategy that involves selling a call spread and a put spread on the same underlying asset with the same expiration date. This strategy is used when a trader expects the price of the underlying asset to remain within a certain range until expiration. OptionStrat allows users to analyze and visualize iron condor strategies using its advanced tools.

Straddles and Strangles: These are strategies used when a trader expects a large move in the price of the underlying asset but is unsure of the direction of the move. A straddle involves buying a call and put at the same strike price, while a strangle involves buying a call and put at different strike prices. OptionStrat offers tools to plan and analyze these volatility-based strategies.

Butterfly Spreads: A butterfly spread is a neutral strategy that involves creating a range within which the price of the underlying asset is expected to move. It is constructed using a combination of a bull spread and a bear spread. OptionStrat enables users to create and optimize butterfly spread strategies on their platform.

Calendar Spreads: Also known as time or horizontal spreads, calendar spreads involve buying and selling two options of the same type (calls or puts), same underlying security, and strike price, but with different expiration dates. This strategy profits from the difference in time decay between the two options. OptionStrat offers the tools to set up and analyze calendar spreads effectively.

Covered Calls: Covered calls are a strategy in which a trader holds a long position in an asset and sells call options on that same asset. This strategy is often used to generate income from the premiums received from selling the calls. OptionStrat allows users to calculate potential profits and losses from covered call strategies.

These are just a few of the many advanced strategies that users can explore on OptionStrat. The platform provides the tools necessary to analyze these strategies, including potential profit and loss, probability of profit, and the Greeks. By offering these advanced strategies, OptionStrat provides a comprehensive toolkit for options traders, helping them maximize their trading potential.

Does OptionStrat Provide Real-time Market Data?

Yes, OptionStrat does provide real-time data, but this feature is dependent on the type of subscription plan a user has.

In the free plan, users have access to delayed data (15-min). However, with the Live Tools Plan ($14.99/mo), users get access to live prices without any delay, which can be crucial for making timely trading decisions. Real-time data allows traders to see the current market prices of options and underlying assets instantly, which can be particularly useful in the fast-moving world of options trading.

For the most comprehensive real-time information, the Live Flow Plan ($49.99/mo) includes all the features of the Live Tools Plan, plus live options flow. This feature provides users with real-time data on all trades, which can offer significant insights into market movements and trends. This real-time data can help traders stay ahead of the game by providing them with timely and relevant information to base their trading decisions on.

While OptionStrat does offer real-time data, the level of access to this feature depends on the user’s subscription plan. It’s worth noting that having access to real-time data can be a game-changer in options trading, as it allows for more precise decision-making and strategy implementation.

OptionStrat Customer Support and User Experience

When considering a trading platform, the quality of customer support and the overall user experience are crucial factors. In these areas, OptionStrat excels.

Customer Support

OptionStrat provides prompt and effective customer support to ensure that users can get the help they need when they need it. The support team is knowledgeable about the platform and options trading, enabling them to answer questions and resolve issues quickly and effectively. Users can reach out to the support team via email or through the platform’s online contact form.

Additionally, OptionStrat offers an extensive FAQ section where users can find answers to commonly asked questions. This self-service resource is a valuable tool for users who prefer to find answers on their own.

User Experience

OptionStrat prides itself on offering a user-friendly platform. Despite the complex nature of options trading, the platform is designed to be intuitive and easy to navigate. Each feature is clearly labeled, and the visualizations provided by the options strategy visualizer and profit calculator are straightforward and easy to understand.

The platform’s clean design reduces clutter and makes it easy for users to find the tools and resources they need. Moreover, OptionStrat is continuously updating and improving its platform based on user feedback to ensure an optimal user experience.

OptionStrat’s commitment to excellent customer support and a user-friendly platform enhances the value it provides to its users. Whether you’re a seasoned trader or new to options trading, you can rely on OptionStrat for a positive and supportive trading experience.

Limitations of OptionStrat

While OptionStrat provides numerous benefits, it also has a few limitations to consider:

Subscription Cost: OptionStrat operates on a subscription-based model. While it offers a free trial, users will need to pay a monthly fee to continue using all the platform’s features.

Complexity: While OptionStrat offers comprehensive educational resources, the nature of options trading can be complex, especially for novice traders. Users should be prepared to invest time into learning about options trading and the platform’s various features.

Is There a Community Aspect to OptionStrat?

Absolutely! OptionStrat recognizes the importance of community in trading and provides several ways for users to interact, share ideas, and learn from one another.

Private Discord Group Chat: One of the most significant community features OptionStrat offers is access to a private Discord group chat. This feature is included in certain subscription plans and allows users to join a dynamic community of traders. In this chat, users can discuss strategies, share insights, ask questions, and get advice from more experienced traders. This can be a valuable resource, particularly for beginners who can learn a lot from the shared knowledge and experiences of seasoned traders.

Community Resources: OptionStrat also provides community resources, such as shared strategy templates and guides. Users can benefit from the collective knowledge and wisdom of the community and can even contribute their own insights and strategies.

User Feedback: OptionStrat values the input of its users and encourages them to provide feedback on the platform. User feedback is used to guide the development of new features and improvements, making each user an integral part of the platform’s evolution. This collaborative approach fosters a sense of community and ownership among OptionStrat users.

By providing these community features, OptionStrat not only supports its users but also fosters a culture of collaboration and shared learning. This sense of community can be especially beneficial in the fast-paced world of options trading, where knowledge and timely information can make a significant difference in trading outcomes.

OptionStrat Review Final Thoughts

OptionStrat, with its focus on advanced strategies, insightful analysis tools, and educational content, is a valuable platform for any trader looking to delve into the world of options trading. While the platform’s complexity and subscription costs may be a barrier for some, the potential returns and market insights it offers make it a worthwhile investment for those committed to mastering options trading.

In this OptionStrat review, we found it to be a comprehensive and powerful platform that offers much-needed support to both professional and retail traders.

Click here to start your journey with OptionStrat today.

Yes – Free Trial Available!

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Frequently Asked Questions

Yes, OptionStrat is suitable for beginners. While the platform offers advanced options trading tools, it also provides a wealth of educational content to help beginners understand the complex world of options trading.

Yes, OptionStrat provides real-time data, but access to this feature depends on your subscription plan. The Live Tools Plan offers live prices without delay, while the Live Flow Plan includes live options flow.

OptionStrat provides a range of advanced strategies, including iron condors, straddles and strangles, butterfly spreads, calendar spreads, and covered calls.

Yes, OptionStrat offers a 7-Day Trial to their top tier service. And also provide a free plan that provides delayed data and limited access to each feature on the platform.

OptionStrat offers two premium plans – the Live Tools Plan for $14.99/month and the Live Flow Plan for $49.99/month. Both plans offer live data and additional features, with the Live Flow Plan offering the most comprehensive access. Users can save 17% by choosing an annual plan.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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