Searching for the ultimate guide to best option trading platform? You’ve come to the right place. As an active trader, I know how critical it is to find tools that deliver clarity, speed, and actionable insights. That’s why I rely on OptionStrat to power my research and strategies. In this in-depth guide, you’ll discover why OptionStrat stands out among the competition and how it can help you maximize your returns.

Finding a reliable solution to interpret options flow, build complex strategies, and optimize risk-reward can feel overwhelming. I’ve been in your shoes—sifting through clunky chains, delayed data, and limited analytics. OptionStrat has been refining its platform for years, serving thousands of options traders, professional institutions, and hedge funds. Now, you can get 20% OFF the first month of your subscription and experience the edge that top traders enjoy.

What is OptionStrat? The best option trading platform for advanced traders

OptionStrat is a next-generation options profit calculator and flow analyzer designed to give you unmatched insight into market activity. By scanning real-time data from the Options Price Reporting Authority (OPRA), OptionStrat surfaces high-profit-potential trades that might otherwise go unnoticed. Whether you’re following large block trades from institutions, congressional or insider transactions, or just trying to visualize your risk-reward, OptionStrat has you covered.

OptionStrat Overview: Your best option trading platform toolkit

Founded in 2018 by a team of former prop traders and data engineers, OptionStrat set out to bridge the gap between raw market data and actionable strategy ideas. Their mission was simple: equip retail traders with the same analytics and visualizations that institutional desks use.

Since launch, OptionStrat has grown to serve over 10,000 active subscribers, integrated API datafeeds from OPRA, and developed proprietary flow-detection algorithms. Their continuous investments in UX and analytics have earned them recognition in trading forums and awards for design excellence.

Pros and Cons

Pro: Real-time flow analytics uncover large and unusual trades as they happen, giving you a front-row seat to smart-money activity.

Pro: Strategy builder supports over 50 pre-made option strategies and lets you create custom spreads, condors, and multi-leg setups with drag-and-drop simplicity.

Pro: Options optimizer scans thousands of possible trades for a given target price and expiration, ranking them by max return or highest probability of profit.

Pro: Custom filters and alerts notify you instantly when trades match your criteria—no more manual chain scanning.

Pro: Paper-trade feature with performance tracking helps you test ideas without risking capital, tracking realized and unrealized P/L over time.

Pro: Unrivaled data quality and speed—15-minute delayed data for free users, live auto-refresh for premium accounts.

Con: Premium plans come at a higher price point, which may be a barrier for very casual traders.

Con: Steep learning curve for absolute beginners who have never used an options flow platform before.

Features That Make OptionStrat the best option trading platform

OptionStrat combines powerful analytics with intuitive design. Below are its core features:

Enhanced Real-Time Flow

Scan the market for large and unusual trades as they execute:

• Detect call, put, and complex spread transactions with urgency or aggression flags
• Categorize flow as bullish, bearish, neutral, or directional
• Access volume, open interest, spot price, and flow details in one click

Customizable Filters & Alerts

Zero in on trades that matter to you:

• Filter by ticker, strike price, expiration, trade size, and more
• Save and recall filter presets for different strategies
• Set email or SMS alerts when matching trades occur

Powerful Options Profit Calculator

Visualize risk and reward in seconds:

• Select from 50+ pre-built strategies or build your own multi-leg trade
• View max profit/loss, breakevens, chance of profit, and Greeks
• Auto-updating P/L graph and table based on real-time data

Trade Optimization Tool

Not sure which strikes to pick? Just enter your target price, expiration date, and risk preference:

• Optimizer evaluates thousands of combinations
• Ranks strategies by best expected return or highest probability
• Delivers actionable trade ideas in moments

Performance Tracking & Paper Trading

Practice without risking capital:

• Save any trade to your dashboard for simulated tracking
• Monitor realized and unrealized P/L over each strategy’s lifetime
• Close out simulated trades to refine your approach

Market Events & News Insights

Stay informed on catalyst events:

• Automatic alerts for earnings dates, ex-dividends, and major news
• Integrated newsfeed highlighting price-moving announcements
• Historical IV charts to gauge volatility ahead of events

OptionStrat Pricing: Choose the plan that matches your trading style

With flexible billing options, you can pick the features you need:

Live Flow

Price: $89.99/month or $75.00/month billed annually

Ideal for professional traders and institutions needing live flow data:

• Unlimited access to real-time options flow
• Saved filters, alerts, and historical searching
• Performance tracking and live newsfeed

Live Tools

Price: $29.99/month or $25.00/month billed annually

Perfect for retail traders focused on strategy building and analysis:

• Full options profit calculator and optimizer
• Market events, news insights, and volume overlays
• Chance of profit, Greeks, and commission calculations

Free

Price: $0 with limited/delayed access

Great for beginners looking to explore basic features:

• 15-minute delayed flow and prices
• Access to pre-built strategy visualizations
• Limited filters and no alerts

OptionStrat Is Best For

Whether you’re a seasoned pro or just starting out, OptionStrat adapts to your needs:

Active Options Traders

If you place multiple leg trades per week, real-time flow and instant alerts keep you ahead of big players.

Institutional & Professional Traders

With OPRA-level data and advanced filter logic, you get enterprise-grade analytics without the enterprise price tag.

Retail & New Traders

Visual tools and paper trading features help you learn the ropes painlessly, building confidence before risking real capital.

Benefits of Using OptionStrat

Here are the core benefits you’ll gain:

• Instant insight into unusual options flow—spot multi-leg trades you’d otherwise miss.
• Data-driven strategy ideas via the optimizer—stop guessing and start trading with confidence.
• Comprehensive P/L visualization—never trade in the dark again.
• Custom alerts—be the first to know when a trade matches your criteria.
• Educational resources to sharpen your skills plus community support to answer your questions.
• Get started today with Get 20% OFF the first month of your subscription and unlock premium features.

Customer Support

OptionStrat’s support team is highly responsive, answering queries within hours. You can reach them via live chat during market hours or by email any time.

They also maintain an extensive knowledge base, video tutorials, and onboarding webinars to ensure you make the most of every feature. New updates and feature requests are rolled out regularly based on user feedback.

External Reviews and Ratings

Traders rave about OptionStrat’s intuitive interface and lightning-fast flow data. On trading forums, users highlight how it helped them identify large block trades and refine their delta-neutral strategies. Many appreciate the transparent pricing and robust free tier for learning.

Some critiques mention the initial learning curve and the cost of the Live Flow plan. OptionStrat addresses these by offering guided tutorials, beginner webinars, and occasional promotional discounts to ease the onboarding process.

Educational Resources and Community

OptionStrat goes beyond software by providing a rich ecosystem of learning materials. Their blog covers advanced strategies, market psychology, and flow analysis tutorials. Weekly webinars feature guest presenters—seasoned traders and analysts walking through live trades.

The community forum allows you to discuss specific tickers, ask questions about the optimizer, and share trade ideas. You’ll also find cheat sheets, strategy breakdowns, and a repository of recorded sessions for on-demand learning.

Conclusion

When it comes to finding the best option trading platform, you need speed, accuracy, and clarity—all hallmarks of OptionStrat. You’ve seen how its real-time flow scanner, strategy builder, optimizer, and tracking tools come together to transform your trading process. If you’re serious about unlocking institutional-grade analytics, Get 20% OFF the first month of your subscription and start trading smarter today.