Options platform comparison

Options Matrix Pro vs tastytrade

tastytrade is a broker with its own options tools and no subscription. OMP is analysis software. OMP: live Visualizer $10, Pro $30, All Access $50 a month.

By Philip FowdarPublished
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Options Matrix Pro logovstastytrade logo

Scorecard

OOMP wins0
tastytrade wins3
Comparable7

2 rows are not described on tastytrade’s official pages. They are marked “Not documented” and left out of the score.

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Verdict

Depends on how you trade

tastytrade is a broker and OMP is not. If you want order entry, charts and a backtester in one platform, tastytrade’s options tools come with the account and carry no subscription. If you want to keep your broker and add live-data research, comparison and trade records, OMP sits beside it, because OMP holds no accounts and routes no orders.

Choose tastytrade when you need a broker with its own options tools. Choose OMP to research candidates, compare contracts and model the payoff on live data before you trade, with the order placed at the broker of your choice.

Pricing when checked

Options Matrix Pro
Visualizer $10 USD/month or $100 USD/yearPro $30 USD/month or $300 USD/yearAll Access $50 USD/month or $500 USD/year
tastytrade
No subscriptions listedStock and ETF options: $1 per contract to open ($10 max per leg), $0 to closeBroad-based index options: $1 per contract to open, $0 to close

All prices are in USD. tastytrade’s pricing and options pages were checked on 28 October 2026. Applicable exchange, clearing and regulatory fees also apply. tastytrade is a brokerage, so you need to open and fund an account, and its services are not available in every jurisdiction.

View official tastytrade pricing

tastytrade is a third-party product name and trademark of its respective owner. Options Matrix Pro is independent and is not affiliated with or endorsed by tastytrade. tastytrade is a broker; OMP is analysis software and is not a broker.

1

Which one fits how you trade

tastytrade is level with or ahead of OMP on the scored rows below, so the answer depends on your workflow. Each column lists the situations where that product fits better.

Choose Options Matrix Pro if…

  • You want to keep your current broker and add research software next to it.
  • You want Matrix to rank strikes and expiries on one basis: yield, breakeven, probability and expected move.
  • You want the scanners to find short-premium and multi-leg candidates across a watchlist or a wider universe.

Choose tastytrade if…

  • You want your broker, order entry, charts and options tools in one platform.
  • You want to backtest options strategies on 10+ years of data at no extra cost.
  • You also trade futures, futures options or crypto, or want an Open API and MCP server for your own tools.
2

How they compare, row by row

Each row is marked for OMP, for the competitor or as comparable. Where the competitor’s official pages do not describe a capability, the row says “Not documented” and is not scored.

Watchlists
Options Matrix Pro
Purpose-built watchlists and reusable scanner lists
tastytrade
Personal watchlists, plus read-only public watchlists published by tastytrade		 Comparable
Options scanner
Options Matrix Pro
Short-premium and advanced multi-leg scanners (All Access)
tastytrade
AI Search on the web platform helps find symbols; a rules-based short-premium or multi-leg scanner is not described on the official pages reviewed		 Not documented
Strategy visualizer
Options Matrix Pro
Live ThetaData market data with an interactive P/L chart, table, Greeks and scenario controls
tastytrade
Curve View shows how moves could affect profit and loss as you adjust strikes, and the analysis tab covers risk factors, probabilities and volatility shifts		 Comparable
Strategy templates
Options Matrix Pro
Preset and custom strategies in Visualizer; save reusable custom presets with Pro or All Access
tastytrade
Strategy Selector offers preset strategies that you can customise		 Comparable
Saved strategy tracking
Options Matrix Pro
Campaigns (Pro) with positions, refreshed values, journals, rolls and adjustments
tastytrade
Order chains follow every leg of multi-leg and rolled trades from entry to exit		 Comparable
AI review
Options Matrix Pro
AI Analyst (Pro) reviews scan and trade details inside OMP, and AI Connections (All Access) let your own assistant work with your OMP data
tastytrade
An MCP server and the Open API connect LLM clients to live tastytrade data and trading; AI Search on the web platform helps find symbols		 Comparable
Connected workflow
Options Matrix Pro
Scan (All Access), compare (Pro), visualise, review and save in one workflow
tastytrade
Charts, chains, strategy selection, order entry and journaling sit in one broker platform		 Comparable
Order execution
Options Matrix Pro
You place every order with your own broker; OMP does not send orders
tastytrade
Trade stocks, options, futures and crypto from the same platform, on desktop, web and mobile		 Competitor ahead
Backtesting
Options Matrix Pro
Pro rebuilds a setup on an earlier market date and records a historical entry; it does not run a rule set across years of history
tastytrade
Options backtesting on 10+ years of market data, included with every account on the web and desktop platforms		 Competitor ahead
Cost of the tools
Options Matrix Pro
$10, $30 or $50 a month, on top of whatever your broker charges
tastytrade
No subscription; commissions apply when you trade		 Competitor ahead
Contract comparison
Options Matrix Pro
Matrix compares strikes and expiries using normalised yield, breakeven, probability and expected move (Pro)
tastytrade
The options chain and Strategy Selector build a trade; a side-by-side comparison across expiries is not described on the official pages reviewed		 Not documented
Trade journal
Options Matrix Pro
Thesis, notes, rolls and adjustments stay connected to each campaign (Pro)
tastytrade
The web platform has journaling with unlimited entries, notes linked to trades and custom tags		 Comparable

What OMP offers

  • Live ThetaData analysis starts at $10/month and needs no brokerage account.
  • Matrix ranks strikes and expiries on the same basis, so different expirations can be compared side by side.
  • Both scanners look for short-premium and multi-leg candidates across a watchlist or a wider universe.
  • AI Analyst reviews the scan or trade you have open, inside OMP. tastytrade’s MCP server and Open API cover the bring-your-own-assistant route.

Where tastytrade is stronger

  • Orders, charts, options tools and your account in one platform
  • Options backtesting on 10+ years of data, included
  • No software subscription; $1 per contract to open stock and ETF options
  • Futures, futures options and crypto, plus an Open API and MCP server
3

Best-fit users

OMP fits

  • Traders who want research and modelling separate from their broker.
  • Income traders comparing cash-secured puts and covered calls across expirations, and multi-leg traders who scan for candidates.

tastytrade fits

  • Traders who want one platform for analysis and order entry.
  • Active traders who also work in futures or crypto.
4

Where the workflows separate

The same four stages, side by side: how each product takes you from an idea to a tracked trade.

1

Find ideas

OMP connected workflow

Scan a saved watchlist or a broad universe for strategy candidates, then carry the exact result forward.

tastytrade

Use watchlists and AI Search on the web platform to find symbols.

2

Compare

OMP connected workflow

Rank strikes and expiries in Matrix by normalised yield, breakeven, probability and expected move.

tastytrade

Read the options chain and pick a preset in Strategy Selector.

3

Model

OMP connected workflow

Open the exact legs in the Visualizer with expected move, Greeks and price, date and IV scenarios.

tastytrade

Use Curve View and the analysis tab for profit and loss, probabilities and volatility shifts, and backtest the idea on 10+ years of data.

4

Place and track

OMP connected workflow

Place the order with your broker; OMP does not route orders. Then save the trade as a campaign with thesis, notes, rolls and adjustments.

tastytrade

Place the order in the platform, follow it in order chains and add journal notes on the web platform.

5

Important differences to know

  • OMP is not a broker. It cannot hold funds, place orders or backtest a rule set, so you still need a broker account.
  • tastytrade is a brokerage. You must open and fund an account, and its services are not offered in every jurisdiction.
  • tastytrade’s backtesting runs on the web and desktop platforms but not on its mobile or tablet apps.
  • Commissions are not the whole cost: exchange, clearing and regulatory fees also apply at tastytrade, and an OMP subscription is separate from your broker’s charges.

Frequently asked questions

Is tastytrade a broker?

Yes. tastytrade, Inc. is a brokerage and states that it is a member of FINRA, SIPC and NFA. Its platform tools come with an account. OMP is analysis software, not a broker, and cannot place orders.

Can I use OMP and tastytrade together?

Yes. Use OMP to scan, compare and model, then place the order with tastytrade or another broker. Prices can move before execution, so confirm final order details with your broker.

Does tastytrade have a backtester that OMP lacks?

Yes. tastytrade says its options backtesting tool uses 10+ years of market data, is included with every account and runs on the web and desktop platforms. OMP does not run rule-based backtests. Pro lets you rebuild a setup on an earlier market date and enter it historically.

Sources

Verified 28 October 2026

  1. 1Official tastytrade pricing
  2. 2Official tastytrade options trading tools
  3. 3Official tastytrade options backtesting
  4. 4Official tastytrade web platform
  5. 5Official tastytrade desktop platform
  6. 6Official tastytrade Open API and MCP
  7. 7Official tastytrade developer guide: watchlists
  8. 8Official OMP features overview
  9. 9Official OMP pricing plans
  10. 10Official OMP workflow guide
  11. 11Official OMP learning centre

Related reading

Compare all OMP alternativesSwitch from tastytradeExplore the OMP workflowConnect your broker and AI assistantTry the options strategy visualizer

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