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Option Tools

Plan the trade using the latest tools
Option trading tools can be the difference a portfolio needs

These are our top picks


The following is a list of the tools we like best in the market for helping us run our Options Vending businesses.

Best Brokerage for Research:

Charles Schwab - The most in-depth analysis and access to fundamental analysis. Schwab is the best with respect to:

  • Providing intuitive interface to examine underlying securities
  • Schwab employs hundreds of analysts and makes that research available to users
  • Access to reports and industry tools
  • Basic charting
  • News / Dividend insight / Earnings expectations
  • Competitive analysis
  • Financial statements

Best Option Planning and Pricing Tool:

OptionStrat - An absolutely indispensable tool for any option trade. The pricing and probability engine is second to none and can pay for itself in the first trade. OptionStrat is the best tool with respect to:

  • Quantitative analysis of current option opportunities
  • Pricing and Option Greeks computation
  • Real-time premium feedback
  • Option planning analysis and war gaming
  • Probability of profit and risk
  • Inherent volatility simulation
  • Trade charting
  • Real-time pricing with basic plan
  • Order flow

Best Option Trading Platform:

Tastytrade - Provides the best platform to execute the trading of options. The platform is designed with the Option Vendor in mind. Besides executing with very low commissions Tastytrade provides the following outstanding services:

  • Tracking of option Delta and Theta in the portfolio
  • Probability of Profit at the point of trade
  • Excellent technical analysis tools, charting and option planning tools
  • Zero commission to close a trade
  • Fast execution
  • TastyLive Options trading news source
  • Excellent margin management
  • Real-time pricing (for additional cost)
  • Portfolio Analysis

Outro

Using option trading tools can provide a trader with a competitive edge by improving analysis, efficiency, risk amendment and strategy development. The tools above are our choice for helping traders make more informed and profitable decisions. (We have partnered with some of these top businesses to provide discounts and some affiliate related benefits.)

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