This is the greatest app ever. It makes understanding options so much easier. I'm a visual learner and I've already closed out 13/13 profitable trades using the optimized trade options as a starting point. Please partner with someone so we can start trading right through the app!
Reviews for OptionStrat – Options Toolkit
This app is great. I have been trading options for years and this is very concise and well-thought out. However, although the data spreads are accurate the probabilities are horribly skewed if the markets are not open. They do have a disclaimer about this.
Incredibly useful app. UI is beautiful and easy to navigate. This app is a useful tool for new and experienced options traders alike. You can find unusual / high activity options & search for ideal strategies based on target price / IV. The dev is very responsive and updates this app frequently. I currently rate 4/5 for two reasons. The app is slow when navigating menus and saved trades. The subscription is too costly IMO, I think a fairer price point would be $5-10 monthly.
Great app for playing around, however I wish you could set the ranges or adjust the graph view. If you can adjust the graph its not intuitive enough to figure out after trying every gesture (pinch-zoom, tapping the X or Y axis, press and hold to bring up a possible sub menu)
This is by far the best damn options strat app I have seen. This is very indepth and gives tons of analysis towards options your thinking of buying, plus it has a save feature to save those strategies and test them. Bravo to you 👏 you have my full support and I very highly recommend to those wanting to trade options give this a try
A very interesting dynamic app but with the limit of options nature.. Options value change very quickly and are influenced from many factors, this makes a strategy (included risk/reward) change very quickly and be outdated. I have observed many strategies with an initial optimal risk/reward ratio and certain breakeven levels, that then changed completely within 1 hour also during calm market conditions. Still a great app but be aware of the optimistic views that might change very quickly.
Almost perfect. I just wish the optimizer would utilize even more of the various strategies, not just long calls/puts, spreads and several others. I wish I could see calendars, diagonals, lizards etc. in the recommendations as well.
Excellent tool. I started trading options when orders were handwritten and prices traded in fraction not decimal of cent. A calculator , graph paper , the Black-Scholes Mode and lots valuable time. This optimization program accurately does exponentially more consistent fluidity wit rapidly changing markets. A small learning curve implementing effectively different strategies. It has had a net positive on returns while mitigating unnecessary risk and saved valued time!👍
Really useful, especially the probability calculator. The slider bar is the only part I don't like, as it often displays a submenu when I am trying to slide it to a different strike price (adding a dropdown or spinner to that submenu to change the strike price would fix the problem).
update: The app was down, it was fixed and support team provided an update quickly. This is a very high quality app. I wish good luck to the developers. ---- Great app. Never seen other app like this. Makes life easy to do profit loss calculation. But app is not consistent. Sometimes, app fails to load data and says 'loading options data' and is stuck forever. If this is reasolved this is a great tool for option traders