What is OptionStrat?

OptionStrat is the next-generation options profit calculator and flow analyzer built for traders hunting the best option trading platform in today’s fast-paced markets. It delivers live, auto-refreshing data sourced directly from OPRA, giving you real-time insight into the exact trades that large institutions, insiders, and professional players are executing. With built-in strategy prediction, optimization, and unusual trade detection, OptionStrat takes the guesswork out of options trading.

Ready to elevate your trading? Get 20% OFF the first month of your subscription and start exploring unmatched analytics and live flows on OptionStrat.

OptionStrat Overview

Founded by a team of seasoned derivatives specialists in 2018, OptionStrat set out to bridge the gap between retail traders and institutional-grade analytics. Their mission: democratize high-end options data in a user-friendly interface. Over the past five years, OptionStrat has grown from a niche tool to one of the most trusted names when seeking the best option trading platform for real-time flow and analytics.

Key milestones include partnering with leading brokerages for seamless trade ticket integration, launching the advanced Strategy Builder in 2020, and rolling out live, auto-refreshing flow screens in 2022. Today, thousands of traders rely on OptionStrat’s precision data to craft high-probability trades and manage risk effectively.

Pros and Cons

Pro: Live, real-time options flow directly from OPRA with only a 15-minute lag for free users and true live auto-refresh for premium subscribers.

Pro: Customizable filters and alerts let you zero in on bullish, bearish, neutral, or directional trades that match your criteria.

Pro: Powerful strategy builder that visualizes P&L, greeks, chance of profit, IV impacts, and commissions instantly.

Pro: Options optimizer scans thousands of potential trades to find the best fit for your target price, date, and risk appetite.

Pro: Performance tracking lets you save and monitor paper trades, seeing real-time returns without risking capital.

Pro: Integrated news and market event reminders including earnings, ex-dividends, and liquidity alerts.

Pro: Advanced flow detection surfaces complex spreads, condors, and multi-leg trades often missed by other platforms.

Pro: Institutional-grade data quality and speed ensure accuracy even for intricate strategies.

Con: Premium live flow is priced at $89.99/month, which may be steep for casual traders.

Con: The learning curve for advanced features may require time and practice.

Features

OptionStrat bundles every tool you need into one cohesive interface. Below are its core features:

Enhanced Real-Time Flow

Scan the entire options market as trades occur. See large call and put purchases, detect urgency or aggression, and classify trades as bullish, bearish, neutral, or directional.

• Detect spreads, condors, and multi-leg strategies
• Volume, open interest, spot price, and trader urgency metrics
• Instant drill-down into any flow with one click

Customizable Filters & Alerts

Create and save filter configurations to track only the trades that matter to you. Set up instant alerts delivered via email or SMS the moment a matching trade hits the tape.

• Filter by ticker, strike, expiration, trade size, and more
• Save multiple filter sets for different strategies or watchlists
• Highlight matching rows in your flow table for rapid scanning

Powerful Options Profit Calculator

Use the Strategy Builder to map out over 50 pre-made strategies or craft your own by selecting strikes and expirations. Watch P&L curves, greeks, and probability metrics update live as you adjust your trade.

• Cost or credit, max profit/loss, breakeven points
• Combined net greeks and future greeks tables
• Commission calculations and historical IV overlays

Trade Optimization

Not sure which strategy to use? Input a sentiment, target price, and date. The optimizer scans thousands of trades, ranking them by max return or max chance of profit.

• Select bullish, bearish, or neutral bias
• Optimize for highest ROI or highest probability
• Backtest strategy performance over historical data

Performance Tracking

Save any strategy to your account for ongoing tracking. View realized and unrealized P&L over time, plus record highest peaks and largest drawdowns.

• Paper-trade without risk
• Close out saved trades and record outcomes
• Share unique trade links with teammates

News & Insights

Stay informed with breaking news overlays, upcoming earnings, ex-dividend dates, and volatility flashes right alongside your trades.

• Auto-detect news catalysts for stock moves
• Calendar view of upcoming events
• Liquidity warnings when bid/ask spreads widen

OptionStrat Pricing

Flexible plans let you choose the level of real-time access you need:

Live Flow – $89.99/month

Ideal for professional traders who need instant insights:

• Unlimited live flow access
• Saved filters and real-time alerts
• Full strategy builder and optimizer

Live Tools – $29.99/month

Perfect for active retail traders focused on analytics:

• Live pricing and tools suite
• Performance tracking and news feed
• Delayed flow access

Free Plan – $0

Great for beginners exploring options:

• Delayed options flow (15-minute lag)
• Limited filters and calculators
• No alerts or saved trades

OptionStrat Is Best For

Whether you’re a part-time hobbyist or a full-time professional, OptionStrat scales to your needs:

Institutional Traders

Gain an edge by spotting smart-money activity in real time. Integrate with your execution platform for seamless order placement.

Active Retail Traders

Access pro-grade analytics without the steep learning curve. Use paper-trading tools to refine strategies before risking capital.

Options Educators & Coaches

Demonstrate real-world flows and strategy outcomes to students. Share saved trade links for collaborative learning.

Benefits of Using OptionStrat

• Unmatched market transparency: See exactly what professionals are doing with live flow feeds.
• Data-driven decisions: Visualize risk/reward and probabilities before you trade.
• Optimized trade ideas: Let the optimizer sift through thousands of combos for you.
• Confidence under changing conditions: Real-time alerts and news keep you ahead of surprises.
• Practice with zero risk: Track paper trades and refine your edge without tapping your account.

Customer Support

OptionStrat’s support team responds rapidly via email, live chat, and a comprehensive help center. Whether you’re troubleshooting a filter or need guidance on a complex spread, expert help is just a click away.

Extended support hours cover pre-market, regular, and after-hours sessions. Dedicated account managers are available for premium subscribers to ensure you extract maximum value from every feature.

External Reviews and Ratings

Users consistently praise OptionStrat for its speed, accuracy, and intuitive interface. Many highlight how live flows uncovered trades they’d never have found on standard platforms. Some note the initial learning curve for advanced filters, but most agree that tutorial videos and responsive support make mastery quick.

A few traders mention the higher price point for Live Flow, but find the ROI justifies the cost when actionable alerts lead to profitable trades. Ongoing feature updates and transparent roadmaps keep the community excited about future enhancements.

Educational Resources and Community

OptionStrat offers a rich library of tutorials, webinars, and blog articles covering everything from basic option concepts to advanced flow analysis techniques. Interactive forums bring together users to share screen captures, custom filter recipes, and backtesting results.

Monthly live Q&A sessions with the development team ensure traders stay up to date on new features and best practices. A vibrant Discord channel lets you connect with peers around the clock.

Conclusion

When you need the best option trading platform for real-time flow and analytics, there’s simply no rival to OptionStrat. From live OPRA feeds to powerful strategy builders and optimizers, it equips you with every tool required to trade smarter and more confidently. Don’t settle for delayed data or clunky interfaces—get 20% OFF the first month of your subscription and experience pro-grade options intelligence today.

Ready to transform your options trading? Get 20% OFF the first month of your subscription and start uncovering high-profit opportunities with OptionStrat now.