# Option Omega

No-code options backtester on 1-minute bid/ask since 2013, with live automation and MCP.

**Best for:** options traders who build spread and 0DTE rules on SPX, SPY and about ten other US underlyings and want them tested on recorded quotes, then run at their broker; not for stock strategies, other symbols or paper trading.

*https://stockmarketstack.com/tools/option-omega · No-Code Strategy Builders & Auto-Trading*

## Facts

### At a glance

| Field | Value |
| --- | --- |
| Vendor | Option Omega |
| Category | No-Code Strategy Builders & Auto-Trading |
| Job | no_code |
| Website | https://optionomega.com |
| Pricing model | subscription |
| Free tier | false |
| Open source | false |
| Licence | none |
| Self-hosted | false |
| Tested hands-on | no |
| Claimed by vendor | no |
| Last updated | 2026-10-24 |

### Pricing

| Tier | USD | Period |
| --- | --- | --- |
| Lite | 29.99 USD | month |
| Essential | 99.99 USD | month |
| Plus | 129.99 USD | month |
| Premium | 299.99 USD | month |

### Coverage

| Field | Value |
| --- | --- |
| Asset classes | options |
| Markets | us |
| Works outside the US | false |
| Data latency | realtime |
| Platforms | web |
| AI features | none |

### Interfaces

| Field | Value |
| --- | --- |
| API | false |
| Webhooks | true |
| Scripting | none |
| Python | false |
| Spreadsheet add-in | false |
| MCP server | true |
| Export | csv |

### Capabilities

Yes: backtesting, automation, live_trading, options_analysis

No: charting, screening, scanning, paper_trading, portfolio_tracking, broker_import, tax_reporting, alerts, news

*Verified: pricing 2026-10-24; capabilities 2026-10-24; coverage 2026-10-24.*

## What it is

Option Omega is three web tools sold as tiers. **Modeling** draws the payoff of a multi-leg
position in 2D or 3D with greeks, breakevens and maximum gain and loss, and lets you drag time,
price and implied volatility. The **backtester** takes a strategy built from dropdowns — up to
eight legs, strikes chosen by delta, premium or offset, entry filters on VIX, gaps, RSI, moving
averages, opening-range breakouts and DIX/GEX, profit targets and stops — and replays it on
recorded quotes. **Automation** runs a saved strategy live at a connected broker on the vendor's
cloud, with no server or code of your own.

The selling point is that the same engine does the test and the trading, so the rule that traded
is the rule you tested. The backtester also combines strategies into portfolios, sweeps parameters
in an optimizer, and adds Monte Carlo runs, drawdown periods and VIX-regime tables in an analysis
tab. Every backtest can be shared through a live read-only link, and the trade log exports to CSV.

Nothing here selects a trade for you. The vendor sells no signals and states that it is not a
broker-dealer and gives no investment advice; the strategy library is sixteen templates of
structures — condors, spreads, flies — to start a build from.

## Pricing

The pricing page opens on annual billing. Month to month: Lite $29.99 (modeling only), Essential
$99.99 (backtesting), Plus $129.99 (both), Premium $299.99 (both plus live automation). Annual
billing brings them to $24.99, $49.99, $74.99 and $249.99 a month — half price on Essential, far
less of a discount on Premium. Daily limits are the real difference between Essential and
Premium: 1,000 backtests and ten optimizer runs of 50 tests on Essential and Plus, against 4,000
and 250 runs of 500 on Premium.

Two broker offers sit on Premium. A tastytrade customer with at least $10,000 linked who has traded there in the last 30 days
gets $100 off each month on monthly billing. A
TradeStation customer with at least $25,000 who routes at least 75% of live automated trades
there has the monthly Premium paid by TradeStation, and those trades carry TradeStation's special
pricing — no commission on equity and options, $0.75 a contract on index options.

Trials: 7 days on Lite, Essential and Plus and 14 on Premium, per the FAQ, limited to the last
three calendar years of data and 250 backtests. The documentation disagrees with itself: its tiers
page says in prose that Premium has no trial while its own table marks a trial on all four tiers,
and its free-trial page calls every trial, Premium included, a 7-day one.

## Data & coverage

Recorded bid/ask at 1-minute resolution for regular hours (the first data point is 9:32 ET) from
1 January 2013, refreshed overnight. No extended hours. Fills default to the mid, with slippage and
per-contract commission as settings; SPX and SPY 0DTE stops can be checked against per-second
prices. Modeling uses Black-Scholes with implied volatility from the same vendor, which Option
Omega does not name. The pricing page and FAQ list twelve underlyings for testing and trading —
SPX, SPY, QQQ, IWM, AAPL, MSFT, AMZN, NVDA, TSLA, TLT, GLD, IBIT — plus XSP for live trading only,
because the vendor considers it too illiquid to model. The documentation's backtest-setup page,
read on 24 October 2026, lists the same set without IBIT; the vendor's pages disagree, and nothing
on them says IBIT is live-only.

## Integrations

Live automation connects to tastytrade, Tradier, Schwab and TradeStation — one login per broker,
unlimited sub-accounts, up to 100 opening executions a day across all strategies, with entries of
up to four legs. Time spreads run live too: the automation FAQ sets out how calendars and
diagonals are handled at the near-dated expiration. On Premium, an incoming webhook from TradingView or any service that can POST JSON
can replace a strategy's entry criteria or add an exit trigger. The MCP server at a fixed address
on Option Omega's domain lets Claude, ChatGPT or another MCP client run backtests and optimizations
for you, from Essential up.

## Limitations

- **Eleven or twelve underlyings**, depending on whether the pricing page (with IBIT) or the
  documentation (without) is current. If the strategy is on anything else, there is nothing to test
  it on.
- **A live calendar can leave a leg behind.** When the near-dated short of a long calendar expires
  out of the money, the far-dated long stays open at the broker and Automation stops tracking it;
  at or in the money, the whole spread is closed at 3:59 pm ET. Leg groups or an early exit avoid
  the orphaned leg.
- **No paper trading.** Automation is live-only; the vendor recommends its bootcamp and Discord
  instead.
- **Regular hours only**, and the first two minutes of the session are skipped — the first data
  point used is 9:32.
- **The data vendor is unnamed.** Greeks and quotes come from a market-data vendor the pages do not
  identify.
- **Extreme days fill badly in the test.** The FAQ names Volmageddon, March 2020 and the 2024 yen
  unwind as dates with abnormal spreads and fills — real, but they move the results.
- **No public API.** The MCP server reaches backtests only, and the webhook only triggers a strategy
  that already exists.

## Alternatives

[Option Alpha](https://stockmarketstack.com/tools/option-alpha) is the closest product: no-code options bots run in the cloud
through your own broker. [OptionNet Explorer](https://stockmarketstack.com/tools/optionnet-explorer) is a Windows options
backtester that replays positions on 5-minute history. [OptionStrat](https://stockmarketstack.com/tools/optionstrat)
covers the modeling half alone. For rules on stocks or futures, the rest of
[no-code strategy builders](https://stockmarketstack.com/categories/no-code-strategy-builders) apply.

## FAQ

### How much does Option Omega cost?

Four tiers, read on the pricing page on 23 October 2026. Month to month — Lite $29.99, Essential $99.99, Plus $129.99, Premium $299.99. Billed annually they fall to $24.99, $49.99, $74.99 and $249.99 a month, which is the figure the page shows first. Backtesting starts at Essential; live trading needs Premium.

### Which symbols can Option Omega backtest?

Twelve by the pricing page and FAQ read on 24 October 2026 — SPX (PM-settled), SPY, QQQ, IWM, AAPL, MSFT, AMZN, NVDA, TSLA, TLT, GLD and IBIT — with XSP added for live trading only. The documentation's ticker list, read the same day, names eleven and leaves out IBIT, so confirm IBIT in the app before relying on it. The data is recorded bid/ask at 1-minute resolution during regular hours from 1 January 2013, so a strategy on any other underlying cannot be tested here at all.

### Can I paper trade with Option Omega?

No. The FAQ says automations run on live brokerage accounts only, and recommends the Automation Bootcamp, the documentation and the Discord before going live. The backtester and the modeling tool are the only places to try a strategy without money at stake.

### What does the Option Omega MCP server do?

It lets an MCP client such as Claude or ChatGPT set up and run backtests, optimizations and portfolios in your account from a plain-language description, within your plan's daily limits. It is included from Essential up. By the vendor's own description it cannot place trades or reach your broker or automated strategies.

## Also worth comparing

- [Option Alpha](https://stockmarketstack.com/tools/option-alpha.md) — No-code bots for defined-risk options spreads, run in the cloud through your own broker.
- [Composer](https://stockmarketstack.com/tools/composer.md) — No-code rule-based stock and ETF strategies, backtested and then traded for real.
- [Part-Time Quant (PTQ)](https://stockmarketstack.com/tools/part-time-quant.md) — Hosted no-code backtester that runs overfitting checks on every test, paper trading only.
- [Portfolio123](https://stockmarketstack.com/tools/portfolio123.md) — Multi-factor ranking, screening and point-in-time backtests without writing code.
- [Tradetron](https://stockmarketstack.com/tools/tradetron.md) — Block-built strategies for Indian and US markets, backtested per run, priced by live bot.
- [Adaptrade Builder](https://stockmarketstack.com/tools/adaptrade-builder.md) — Windows strategy generator — genetic programming writes the rules, you export the code.

## Head to head

- [Option Alpha vs Option Omega: what the backtest actually tested](https://stockmarketstack.com/compare/option-alpha-vs-option-omega.md) — Option Alpha trades 340 symbols and tests five; Option Omega trades what it tests. Same four brokers, different bills, and only one lets you paper trade.