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OptionStrat
Visual options strategy builder and profit/loss analyzer
Last updated: March 5, 2026
Our Verdict
OptionStrat is the best visual options tool for retail traders. If you trade options and want to see your strategies clearly before execution, this is the tool to use.
Best for: Options traders who want visual strategy building
What is OptionStrat?
OptionStrat makes options trading visual. Build multi-leg strategies with a drag-and-drop interface, see profit/loss diagrams update in real-time, and get options flow data to track institutional activity. Designed to make complex options strategies accessible to retail traders.
Pros & Cons
Pros
- + Most intuitive options strategy builder available
- + Visual P/L diagrams make complex strategies clear
- + Options flow data shows institutional activity
- + Mobile app is fully featured
- + Free tier is genuinely useful for basic strategies
Cons
- − US options only
- − No direct broker integration for execution
- − Backtesting only on Premium plan
- − Flow data can be overwhelming for beginners
- − No paper trading functionality
Key Features
✓ Visual drag-and-drop strategy builder
✓ Real-time profit/loss diagrams
✓ Options flow tracking (unusual activity)
✓ Greeks visualization and analysis
✓ Earnings impact analysis
✓ Multi-leg strategy templates
✓ IV rank and percentile tracking
✓ Strategy backtesting
OptionStrat Pricing
Free
Free
- ✓ Basic strategy builder
- ✓ Profit/loss diagrams
- ✓ Limited options data
Live Tools
$29.99 /month
- ✓ Real-time options data
- ✓ Advanced Greeks
- ✓ Earnings analysis
- ✓ Custom alerts
Most Popular
Live Flow
$49.99 /month
- ✓ All Live Tools features
- ✓ Options flow tracking
- ✓ Unusual activity scanner
- ✓ Backtesting
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