Options Matrix Pro Is the Genuine Alternative to OptionStrat, With Live Data From $10 a Month and Tools Traders Asked For

12 November 2026 – Options Matrix Pro, a web platform for self-directed options traders, today set out why its Strategy Visualizer is the genuine alternative to OptionStrat. Traders get the payoff charts, Greeks and what-if scenarios they rely on OptionStrat for, on live quotes from ThetaData, starting at $10 a month. They also get tools OptionStrat does not describe on its official pages: the expected move drawn on the chart, delta on every leg, intrinsic and extrinsic value for each leg and for the whole position, and replay of a past trade at the prices of the day. And where OptionStrat sells one product, Options Matrix Pro is several on the same live data: a strategy builder, a strike-and-expiry comparison matrix, a trade journal, watchlist scanners and AI tools, with plans at $10, $30 and $50 a month.

OptionStrat is the best-known options strategy builder, and many traders who look for an alternative find tools that cover one part of it. Options Matrix Pro set out to match the whole builder first, then add what its users kept asking for.

Everything traders use OptionStrat for

• Payoff chart and table. Profit and loss at expiry and on any date before it, as a chart or as a table with dates across and prices down. The table can show profit and loss in dollars or percent, contract value, percent of maximum risk or any Greek.
• Templates and custom builds. 45 preset strategies, from a single cash-secured put to iron condors, butterflies and calendars, plus custom positions with any mix of calls, puts and shares, including exact share counts such as 350.
• Every Greek. Delta, gamma, theta, vega and rho for the whole position, and delta, gamma, theta and vega for each leg.
• Scenarios. A date slider from today to expiry, an implied volatility slider from 0.1 to 3 times current levels, and an adjustable price range. Probability of profit is recalculated as each one moves.
• Probability. Probability of profit with the full distribution drawn on the chart, including one and two standard deviation marks.
• Realistic pricing. American exercise for stocks and ETFs, European exercise for cash-settled indexes such as SPX, announced dividends included, and hours-based time for trades three days or less from expiry.

What only Options Matrix Pro shows

The expected move, on the chart

Dashed lines mark the move the options market is pricing, taken from the at-the-money straddle, with the dollar and percent range labelled on the chart. Traders can see at a glance whether a short strike sits inside or outside that range. It is the same measure the Options Matrix uses, so the numbers agree from screen to screen.

Delta on every leg

Each leg shows its delta on the strike rail and in the leg list, so a trader choosing a 20-delta put can see it while dragging the strike, without opening a separate panel.

Intrinsic and extrinsic value, for the whole position and every leg

The row of summary cards above the chart includes Net intrinsic and Net extrinsic, which add up the intrinsic value and the time value across every option in the position. A seller can see at once how much of a spread or a wheel position is time value still to decay, and a buyer can see how much of the price is time value that will fade. Both update as the date, price and volatility sliders move.

The same split is on each leg. Open any leg and its market details show the bid and ask, the provider’s implied volatility and the scenario volatility, the mark, intrinsic and extrinsic value per share, the extrinsic share of the price, and that leg’s delta, gamma, theta and vega. A warning appears if a contract is marked below its intrinsic value.

Go back in time

Past trade opens the Visualizer on any earlier date at that day’s prices, so traders can record a trade they entered weeks ago at the right price. Replay then steps the trade forward one trading day, one hour or 15 minutes at a time, and traders can close, roll or add legs at that moment’s prices to see how a decision would have played out.

Price history and volatility context

History and IV buttons show the premium history of the exact contract, IV Rank, IV Percentile and the next earnings date, so traders can tell whether they are selling rich or cheap premium before they commit.

Side by side

More of the workflow, for less

OptionStrat’s free plan runs on prices delayed by 15 minutes, and live prices start with its Live Tools plan. Options Matrix Pro has no delayed tier: every paid plan runs on live ThetaData quotes, starting at $10 a month for the Strategy Visualizer. At $30 a month, still below OptionStrat Live Tools, Pro turns the builder into a working platform, with the Options Matrix, historical modelling and trade entry, Saved Trades with portfolio and profit history, and the trade journal. At $50 a month, All Access adds the tools that find trades and the AI that works alongside them.

Built on what traders ask for

Options Matrix Pro adds features at the pace its users ask for them. Historical replay went live on 7 November less than two hours after a trial user asked for a payoff graph that changes with time, and gained hourly and 15-minute steps the next day. Custom share counts and broken-wing iron condors in the Advanced Strategy Scanner each followed a user request within hours. The platform has published 25 updates in its in-app What’s New log since 1 October 2026.

Where OptionStrat is the stronger choice

OptionStrat offers dedicated unusual-options flow, with live and historical flow, filters and alerts, and documents more than 50 strategy templates. Options Matrix Pro does not offer a flow product. Its full comparison, with dated sources for both products, is on the OptionStrat comparison page.

Free tools, no account needed

Options Matrix Pro also publishes four free calculators for covered calls, cash-secured puts, expected move and probability of profit, and live options pages for 26 popular tickers and indexes, including SPX, SPY, QQQ and NVDA. Each shows the expected move, term structure, open-interest walls and max pain, and needs no login.

Availability and pricing

Options Matrix Pro is available now in any modern web browser at optionsmatrixpro.com. At current introductory prices, Visualizer costs $10 a month. Pro, which adds the Options Matrix, historical modelling and Saved Trades, costs $30 a month. All Access, which adds the scanners, broker trade import and AI Connections, costs $50 a month. Annual billing is available. Every eligible paid signup starts with a 7-day All Access trial; a card is required, and cancelling before day 7 costs nothing.