No-code options backtester on 1-minute data since 2013, with automation at tastytrade, Tradier, Schwab and TradeStation.
From $24.99/moDetails →
Best Option Alpha alternatives in 2026
Option Alpha is no-code options trading bots with backtesting, plus free options education. It starts at From $99/mo. If you want something cheaper, free, or better suited to how you trade, here are 10 alternatives we track.
| Tool | Starting price | Free tier | Best for |
|---|---|---|---|
| Option Alpha (reference) | From $99/mo | Yes | Traders who want to automate rules-based options strategies without code |
| Option Omega | From $24.99/mo | No | 0DTE and SPX traders who want to backtest then automate the same rules |
| OptionNet Explorer | GBP 535/yr | No | Manual backtesting of complex spreads on intraday data |
| ORATS | From $99/mo | ? | Serious traders and quants who want deep backtesting and clean historical data |
| TradersPost | From $41.65/mo | Yes | Automating TradingView strategy signals into broker orders |
| Alpaca | From $99/mo | Yes | Coders building their own options bots |
| Options Industry Council (OIC) | Free | Yes | Beginners who want neutral, free options education |
| Optvana | From $20/mo | Yes | Premium sellers who want probability-ranked scans and backtests together |
| tastylive | Free | Yes | Learning options mechanics from daily live content |
| The Options Playbook | Free | Yes | Learning strategy mechanics without jargon |
| TradesViz | From $14.99/mo | Yes | Active traders who want the deepest journal analytics for the money |
Desktop options analysis and backtesting software with intraday historical data and broker connectivity.
GBP 535/yrDetails →
Options research platform with backtesters, option scanner, trade builder and historical options data APIs.
From $99/moDetails →
TradersPostFree tier
Options Backtesters & Bots
Automation platform that turns TradingView and other signals into live broker orders, including options.
From $41.65/moDetails →
AlpacaFree tier
Options Data APIs
Developer trading API with commission-free multi-leg options, paper trading and market data.
From $99/moDetails →
Options Industry Council (OIC)Free tier
Options Education Resources
Industry-funded, free education on the benefits and risks of exchange-listed options.
FreeDetails →
OptvanaFree tier
Options Screeners
Options-selling platform: scan engine, income engine, strategy builder, backtests and broker-synced positions.
From $20/moDetails →
tastyliveFree tier
Options Education Resources
Financial network with daily live shows on options and futures trading strategies.
FreeDetails →
The Options PlaybookFree tier
Options Education Resources
Plain-English guide to 40 options strategies for every experience level.
FreeDetails →
TradesVizFree tier
Wheel Trackers & Options Journals
AI trading journal with 600+ stats, options flow, an options backtester and broker auto-sync.
From $14.99/moDetails →