Searching for the ultimate guide to the best option trading platform? You’ve come to the right place. I’ve spent years exploring tools that help traders pinpoint high-reward opportunities, and Optionstrat has consistently risen to the top. With its industry-leading visualization and analysis capabilities, Optionstrat empowers you to trade smarter and see what the big players are doing in real time.

I know how challenging it can be to sift through endless option chains and complex strategy details. That’s why I’m excited to share how Optionstrat—trusted by professional traders, institutional investors, and company insiders—can transform your trading workflow. Right now, you can Get 20% OFF the first month of your subscription, so let’s dive in and discover why Optionstrat stands out as the best option trading platform for smart traders like you.

What is Optionstrat?

Optionstrat is a next-generation options profit calculator and flow analyzer designed to give traders unparalleled insight into high-potential trades. By continually monitoring and analyzing real market activity, Optionstrat uncovers unusual, large, and complex options transactions executed by institutions, insiders, and professional traders.

This toolkit consolidates everything you need—real-time flow data, a powerful strategy builder, an options optimizer, advanced profit/loss visualizations, news alerts, and performance tracking—into one intuitive platform.

Optionstrat Overview

Founded by seasoned options traders and data scientists, Optionstrat was built to close the gap between retail investors and institutional insight. Since its launch, the company has processed billions of option trades, delivering actionable flow data and profit analytics to thousands of users worldwide.

Optionstrat’s mission is to democratize access to professional-grade option analysis. Over the years, the platform has added features like advanced filters, custom alerts, historical backtesting, and real-time auto-refreshing data for premium subscribers, reflecting continual growth and innovation.

Today, Optionstrat stands as a leader in options analytics, recognized for its accuracy, data speed, and user-friendly interfaces.

Pros and Cons

Pros: Optionstrat delivers real-time, auto-updating flow data directly from OPRA, ensuring you see the same information top brokers receive.

Pros: The strategy builder provides instant visualization of profit/loss graphs, chance of profit, greeks, commission estimates, and breakeven points.

Pros: An optimizer searches thousands of potential trades, ranking strategies by target price, date, return, or win probability.

Pros: Customizable filters and alerts let you zero in on unusual activity matching your criteria and receive immediate notifications.

Pros: Comprehensive performance tracking for saved trades allows paper-trading practice and ongoing analysis of realized and unrealized returns.

Pros: Live newsfeed and market events overlay provide earnings dates, dividend reminders, and breaking news that affect option prices.

Cons: Free accounts experience a 15-minute data lag, which may limit real-time decision-making.

Cons: The advanced flow scan (Live Flow) subscription tier can be pricey for casual traders.

Features

Optionstrat’s feature set is designed to cover every aspect of options analysis, from uncovering smart-money moves to calculating complex strategy outcomes in seconds.

Enhanced Real-Time Flow

Scan the market for large and unusual option trades happening now.

• Detect complex strategies like spreads and condors, categorized by bullish, bearish, or neutral bias.
• Identify urgency and aggression from buyers and sellers.
• Data sourced directly from OPRA for unerring accuracy.

Customizable Filters & Alerts

Set precise criteria to filter flow data and highlight rows that match your strategy.

• Save filter configurations for quick reuse.
• Receive instant alerts when a matching trade occurs.

Powerful Options Profit Calculator

Build and visualize over 50 pre-made strategies or create your own by selecting strikes and expirations.

• View maximum profit/loss, breakevens, chance of profit, and combined net greeks.
• Drag and reposition strikes to see risk/reward change in real time.

Trade Optimization

Unsure of where to begin? Enter your target price, date, and risk preference.

• The optimizer scans thousands of trade ideas to maximize return or probability.

Performance Tracking

Save trades to your account to track performance without risking capital.

• Monitor realized and unrealized gain/loss over time.
• See highest returns and largest drawdowns reached.

News & Insights

Stay informed with relevant market events that affect your options.

• Earnings dates, ex-dividend reminders, and significant price-move news overlays.

Optionstrat Pricing

Optionstrat offers flexible billing to suit every trader’s needs, from free tools to comprehensive flow data.

Live Flow

Price: $89.99/month or $75.00/month when billed annually ($899.99/year)

Ideal for active traders and institutions seeking up-to-the-second flow and advanced analytics.

• Real-time unusual options flow
• Unlimited saved filters and alerts
• Performance tracking and historical searching
• Congress & insider trades visibility

Live Tools

Price: $29.99/month or $25.00/month when billed annually ($299.99/year)

Perfect for retail traders focused on strategy building and profit calculations.

• Live option chains and pricing
• Options profit calculator with greeks
• Market events overlay and volume overlay

Free

Price: $0 with limited, delayed access

Great for beginners wanting to explore Optionstrat’s interface and basic tools.

• Delayed flow data (15-minute lag)
• Basic strategy building (no alerts or tracking)

Optionstrat Is Best For

Whether you’re a novice exploring your first iron condor or a pro hunting large institutional trades, Optionstrat adapts to your goals.

Retail Traders

Gain access to professional-grade flow and strategy tools without breaking the bank.

Institutional Investors

Leverage real-time OPRA data and custom alerts to stay ahead of market-moving activity.

Options Educators & Students

Use the strategy builder and performance tracking to teach and learn complex option concepts through hands-on simulation.

Benefits of Using Optionstrat

• Unmatched Market Insight: Spot large and unusual trades as they happen for an edge over other traders.
• Clarity in Strategy: Visualize profit/loss, greeks, and chance of profit instantly—no more guessing.
• Time Savings: Automated optimization and filters surface high-potential trades in seconds.
• Risk Management: Breakeven and max loss calculations help you trade with confidence.
• Learning Curve Reduction: Interactive charts and drag-and-drop strikes make complex strategies intuitive.

Customer Support

Optionstrat’s support team is known for quick, knowledgeable responses via email and in-app chat. Whether you need help setting up alerts or understanding flow signals, expert assistance is just a message away.

They also maintain detailed help documentation and video tutorials to guide you through every feature, ensuring you make the most of the platform.

External Reviews and Ratings

Traders praise Optionstrat for its accurate, real-time data and intuitive strategy builder. Many highlight the value of uncovering smart-money flow that isn’t visible on other platforms. The customizable alerts and performance tracking also receive high marks.

Some users note that advanced features require a steep learning curve, but most agree that the powerful insights justify a bit of initial complexity. Optionstrat continually refines its interface based on user feedback to address these concerns.

Educational Resources and Community

Optionstrat offers a rich suite of educational materials, including step-by-step tutorials, webinars hosted by professional traders, and a blog covering advanced option strategies. The platform’s user forum fosters peer-to-peer discussions, strategy sharing, and Q&A sessions with experienced analysts.

Conclusion

When it comes to choosing the best option trading platform, you want real-time flow data, powerful strategy calculators, and customizable alerts—all in one place. Optionstrat delivers on every front. From uncovering unusual options activity to optimizing trade ideas for maximum return or probability, it equips you with the tools you need to trade smarter. Ready to elevate your options game? Get 20% OFF the first month of your subscription and experience why so many traders rely on Optionstrat.

Get 20% OFF the first month of your subscription