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What is Optionstrat?

Optionstrat is a next-generation options profit calculator and flow analyzer designed to help traders uncover high-probability, high-return trades. By combining powerful visualization tools with real-time flow data, Optionstrat gives you unmatched insight into the strategies and moves that the big players are making. Whether you’re interested in simple calls and puts or complex multi-leg positions like condors and iron butterflies, Optionstrat puts the information and analytics you need at your fingertips.

In the context of trading strategies, Optionstrat acts as both your roadmap and your compass. The platform breaks down trade setups into clear profit/loss diagrams, Greeks analysis, and probability distributions, so you can see potential outcomes before committing capital.

Optionstrat Overview

Founded in 2018 by a team of seasoned options traders and data scientists, Optionstrat was born out of a simple need: to bridge the gap between complex options theory and real-world execution. The founders recognized that traditional trading platforms lacked the deep analytical tools required to navigate today’s fast-paced derivatives markets.

The mission of Optionstrat is straightforward: empower traders of all skill levels with institutional-grade analytics and data quality. Since its launch, Optionstrat has grown rapidly, earning a reputation for reliability and innovation. Today, it processes OPRA data with minimal latency, providing both retail and professional traders with actionable insights on unusual options activity, insider flows, and custom strategy analysis.

Pros and Cons

Pros:

Comprehensive Strategy Builder: Visualize profit/loss, Greeks, and probabilities for over 50 pre-built strategies or create custom multi-leg setups.

Real-Time Flow Data: Spot large, unusual trades as they happen and follow the smart money with live scans of institutional, congress, and insider transactions.

Advanced Alerts & Filters: Customize filters to track specific flows, set notifications on key patterns, and never miss an opportunity that fits your criteria.

Unparalleled Data Quality: Powered by OPRA feed, with 15-minute delayed data for free users and real-time, auto-refreshing data for premium members.

Strategy Optimization: Input your target price and date, then let the optimizer scan thousands of combinations to rank trades by highest return or probability of success.

Performance Tracking: Save and track paper trades to measure performance, spot trends, and refine your risk management without risking real capital.

Cons:

The platform can be overwhelming for absolute beginners due to its depth of features and analytics options.

Some advanced flows, such as multi-leg spreads and condors, require a deeper understanding of options Greeks to fully interpret the data.

Features

Optionstrat is packed with powerful features designed to streamline your research and execution process. Below are the key components:

Strategy Builder

Design and visualize option strategies with ease:

• Choose from over 50 pre-built strategies including straddles, strangles, butterflies, and iron condors.
• Create fully custom strategies by selecting strikes and expirations with drag-and-drop simplicity.
• View profit/loss charts, probability cones, and net Greeks in real-time as market data updates.

Options Optimizer

Find the ideal trade for your market outlook:

• Set target stock price, expiration date, and risk preference (max return vs. max chance of profit).
• Scan thousands of potential combinations to identify top trade ideas ranked by metrics that matter.
• Filter results by cost, breakeven levels, implied volatility, and more.

Enhanced Real-Time Flow

Spot smart money moves with live flow scanning:

• Track large purchases and sales by institutions, insiders, and congress members.
• Detect urgency and aggression signals from the order flow to gauge conviction.
• Identify complex strategies like spreads and condors classified as bullish, bearish, or neutral.

Custom Filters & Alerts

Stay on top of market shifts with tailored notifications:

• Create filter sets to monitor specific ticker symbols, strategy types, or trade size thresholds.
• Receive email, SMS, or in-app alerts the moment matching trades occur.
• Save multiple configurations for different trading themes or watchlists.

Performance Tracking & Paper Trading

Analyze and refine your approach risk-free:

• Save trade setups and track both realized and unrealized P&L over time.
• Generate unique shareable links for collaboration or mentoring purposes.
• Close out simulated trades to see hypothetical returns and maximum drawdowns.

Optionstrat Pricing

Optionstrat offers flexible plans to suit every level of trader, from beginners to pros:

Live Tools Plan

Price: $29.99/month

Ideal for self-directed traders who need the strategy builder, profit calculator, and basic flow alerts. Features include:

• Real-time profit/loss visuals and Greeks
• Historical IV charts and volume overlays
• Saved strategies and performance tracking
• Customizable news and event overlays

Live Flow Plan

Price: $89.99/month

Perfect for active traders who demand live options flow data and advanced alerting. Includes everything in Live Tools, plus:

• Full access to real-time institutional, insider, and congress trades
• Priority alerts and unlimited saved filters
• Advanced strategy detection (condors, butterflies, diagonals)

Annual Discount

Save 17% by choosing annual billing:

• Live Tools at $25/month (billed $299.99/year)
• Live Flow at $75/month (billed $899.99/year)

Need to test the waters? Start with the Free plan to explore basic features with delayed data access before upgrading.

Optionstrat Is Best For

Optionstrat caters to a wide range of market participants and trading styles. Whether you identify as a novice or seasoned pro, the platform has something to offer.

Beginner Traders

New to options? Optionstrat’s intuitive profit calculators and visualizations help you build confidence. Use practice tracking to paper trade strategies and learn risk management without financial exposure.

Intermediate Traders

Looking to refine your approach? Leverage the optimizer to discover fresh setups and the flow data to time entries. Custom alerts ensure you’re always ready for market shifts.

Professional Traders

Need institutional-grade analytics? Optionstrat’s OPRA-powered data, urgent flow signals, and advanced strategy detection provide the edge you need for complex spreads and large-size execution.

Benefits of Using Optionstrat

With Optionstrat as your go-to toolkit, you’ll unlock several key advantages:

• Sharper Trade Selection: Data-driven scans and optimizations remove guesswork from your setups.
• Enhanced Risk Management: Visual P&L forecasts and combined Greeks let you quantify potential outcomes in advance.
• Smart Money Insight: Follow institutional and insider flows to align with informed market participants.
• Time Efficiency: Pre-built filters and strategy templates cut research time dramatically.
• Continuous Learning: Experiment with paper trades and review performance analytics to hone your edge.

Customer Support

Optionstrat offers responsive, knowledgeable support via email and in-app chat. The team typically replies within a few hours, providing guidance on platform features or troubleshooting technical issues.

You’ll also find frequently updated FAQs and video walkthroughs directly on the website, ensuring you can self-serve whenever you need a quick answer or tutorial on advanced functionality.

External Reviews and Ratings

Feedback from the options community has been overwhelmingly positive. Users praise Optionstrat for its intuitive interface, lightning-fast OPRA feed integration, and the breadth of strategies it supports. Many reviews highlight how live flow alerts uncover opportunities they never knew existed.

Some users mention the learning curve for absolute beginners and recommend spending time with tutorials. The support team has responded by expanding beginner-focused guides and hosting regular webinars to help new traders get up to speed.

Educational Resources and Community

Optionstrat maintains a robust library of educational content:

• Official blog posts explaining options Greeks, strategy case studies, and market commentary.
• On-demand video tutorials covering everything from basic calls and puts to advanced spread construction.
• Monthly webinars hosted by seasoned traders and data scientists, complete with live Q&A.
• Active community forums and a Discord channel where users share trade ideas, ask questions, and discuss flow alerts.

Conclusion

When it comes to refining your trading strategies and gaining a competitive edge in the options market, few tools are as comprehensive as Optionstrat. From strategy building and optimization to live flow alerts and performance tracking, the platform equips you with everything you need to trade smarter and with confidence. Midway through your exploration, don’t forget you can Get 20% OFF the first month of your subscription to experience the full power of the toolkit.

Unlock smarter, data-driven trades today—Get 20% OFF the first month of your subscription.