# OptionStrat

Option P&L visualizer, target-price optimizer and unusual-flow feed. No API.

*https://stockmarketstack.com/tools/optionstrat · Stock Market Data APIs*

## Facts

### At a glance

| Field | Value |
| --- | --- |
| Vendor | OptionStrat |
| Category | Stock Market Data APIs |
| Job | options |
| Website | https://optionstrat.com |
| Pricing model | subscription |
| Free tier | true |
| Open source | false |
| Licence | none |
| Self-hosted | false |
| Tested hands-on | false |
| Last updated | 2026-09-26 |

### Pricing

| Tier | USD | Period |
| --- | --- | --- |
| Free | 0 USD | month |
| Live Tools | 39.99 USD | month |
| Live Flow | 99.99 USD | month |

### Coverage

| Field | Value |
| --- | --- |
| Asset classes | stocks, etf, options, futures |
| Markets | us |
| Works outside the US | false |
| Data latency | realtime |
| Platforms | web, ios, android |
| AI features | none |

### Interfaces

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

### Capabilities

Yes: charting, screening, scanning, paper_trading, alerts, news, options_analysis

No: backtesting, automation, live_trading, portfolio_tracking, broker_import, tax_reporting

*Verified: pricing 2026-09-26; capabilities 2026-09-26; coverage 2026-09-26.*

## What it is

OptionStrat is three option tools behind one login, on the web and in iOS and Android apps that
share the subscription. None of them hands you raw data, which is why it sits here beside
[Market Chameleon](https://stockmarketstack.com/tools/market-chameleon) rather than beside the tape vendors.

The **strategy builder** is the flagship: pick a ticker, expiry and strikes, or one of 50-odd
templates, and it draws profit and loss across price and time, with an
[implied volatility](https://stockmarketstack.com/glossary/implied-volatility) slider, custom cost basis for a trade already
on, and net [greeks](https://stockmarketstack.com/glossary/greeks) on paid plans.

The **optimizer** takes a target price and date that you enter, plus an optional budget, and
searches the chain for the trades that maximise return or chance of profit at that target, or a
point you set between the two.

The **flow** feed consolidates option prints into orders, labels them single, sweep, split or block,
reassembles multi-leg structures, and tags each with a sentiment. News, congressional and Form 4
insider feeds sit in the same screen.

## Pricing

Two paid plans, and the higher one contains the lower. Live Tools, $39.99 a month, takes the delay
off the builder and optimizer. Live Flow, $99.99, adds the undelayed flow feed, saved filters with
browser and push alerts, historical flow search, and the news, congress and insider feeds. Annual
billing ($419.99 and $999.99) saves about 12% and 17%.

The 7-day trial is one per customer. There are no refunds, full or partial; cancelling stops the
next charge and the plan runs to the end of the cycle. A subscription bought in the iOS or Android
app can only be managed from that app store account.

## Data & coverage

Option prices come from [OPRA](https://stockmarketstack.com/glossary/opra), which the vendor is licensed to receive, so the
chain is the full US listed-options market. CME futures options such as /ES and /NQ are in both
the builder and the flow, but they are 15-minute delayed on every plan because of licensing. US
underlyings only.

The free flow feed is 15 minutes behind and shows about a tenth of it. Historical flow is a paid
feature; no page states how many days back it reaches. Congressional trades arrive when they are
disclosed, which the law allows to be up to 45 days after the trade.

## Integrations

None outward. No API, no webhooks, no broker connection, and orders cannot be placed from it. The
one export is saved trades to an .xlsx file, paid plans only, up to 1,000 trades per file. Saved
trades can be closed to record realized and unrealized gain, which is the extent of the paper
trading. A flow item or an optimizer result opens in the builder.

## Limitations

- **Professionals cannot buy live data.** Anyone OPRA classifies as a
  [professional subscriber](https://stockmarketstack.com/glossary/professional-subscriber) is refused it outright; the vendor
  lists a notional $30 a month surcharge only as interest it is collecting.
- The optimizer's output is a ranked list of option trades, each with its return at your target,
  chance of profit, maximum risk and expiry P&L curve. The target is yours; the sentiment buttons
  only preset it to one or two implied moves away. Illiquid strikes, low open interest and options
  at 5 cents or under are excluded, and chance of profit derives from the implied move.
- Calculations hold implied volatility constant unless you move the slider, and ignore earnings
  and dividends even when the chart marks them.
- Flow sentiment is the vendor's inference from side, price against the bid and ask, and
  structure. Whether a print opens or closes a position is not published by the market, and only
  a trade larger than volume plus open interest is known to be opening. The summary page ranks
  tickers by a proprietary score, and each flow item includes a panel sizing the same order down
  to the smallest amount that would replicate it.
- The vendor also publishes weekly trade-idea videos and a blog of market commentary, which are
  not part of the tools above.
- No redistribution. The terms forbid passing on any pricing data, and forbid scraping.

## Alternatives

[Unusual Whales](https://stockmarketstack.com/tools/unusual-whales) sells the same kind of flow feed with an API behind it.
[Market Chameleon](https://stockmarketstack.com/tools/market-chameleon) is the delayed-only strategy screener, strongest on
earnings history. [ORATS](https://stockmarketstack.com/tools/orats) sells the volatility surface as data for your own code.
The rest are in [market data APIs](https://stockmarketstack.com/categories/market-data-apis).

## FAQ

### Is OptionStrat free?

Partly. A free account gets the strategy builder, the optimizer and the flow feed on 15-minute delayed data, with limited access to each, and sees about 10% of the flow. Live data costs $39.99 a month for the builder and optimizer or $99.99 a month with the live flow feed, after a one-time 7-day trial.

### Does OptionStrat have an API?

No. There is no public API, and the terms of service forbid scraping the site and redistributing any pricing data it shows. The only way data leaves is an Excel export of your own saved trades, capped at 1,000 trades per file.

### What does the OptionStrat optimizer actually output?

A ranked list of option trades for the underlying, target price and expiration you enter, each with its return at the target, chance of profit, maximum risk and an expiration-day P&L curve. It does not produce a price target of its own; the sentiment buttons only set the target to one or two implied moves away from the current price.

### Can a professional or registered adviser get live data on OptionStrat?

No. The vendor does not sell live data to anyone OPRA classifies as a professional subscriber, at any price. A professional can still pay for the other features, on 15-minute delayed data.

### Which pricing model does the calculator use?

Bjerksund-Stensland (2002), an American-exercise approximation, for theoretical prices and greeks. Entry cost defaults to the bid-ask midpoint, and scheduled earnings and ex-dividend dates are shown on the chart but are not part of the calculation.

## Also worth comparing

- [IVolatility API](https://stockmarketstack.com/tools/ivolatility-api.md) — Options chains with raw IV, greeks and IVX surfaces over REST, US history to 2005.
- [LiveVol](https://stockmarketstack.com/tools/livevol.md) — Cboe's browser options platform - scanners, skew, earnings moves, option tape to 2011.
- [Market Chameleon](https://stockmarketstack.com/tools/market-chameleon.md) — Earnings-move statistics and option strategy screeners in a browser. No API.
- [Option Samurai](https://stockmarketstack.com/tools/option-samurai.md) — US options strategy scanner you configure, with an Excel and Sheets add-in. No API.
- [ORATS](https://stockmarketstack.com/tools/orats.md) — Smoothed options greeks and IV surfaces over REST, end-of-day back to 2007.
- [Quant Data](https://stockmarketstack.com/tools/quant-data.md) — US options flow, dealer exposure and dark pool prints over REST and a hosted MCP server.