Free web calculator that charts the P&L of single and multi-leg option strategies.
Best Options Strategy Builders in 2026
Model multi-leg trades, see payoff diagrams, breakevens and probability of profit before you place the order. We compared 8 tools on starting price, free tier and fit. Prices were checked on each tool's site on 2026-10-20.
| Tool | Starting price | Free tier | Best for |
|---|---|---|---|
| Options Profit Calculator | From $9.95/mo | Yes | Quick, free P&L checks on any strategy |
| OptionsPlay | From $62.50/mo | No | Investors who want guided trade ideas and coaching |
| OptionStrat | From $39.99/mo | Yes | Visualizing multi-leg trades and comparing strategies before entering |
| Option Omega | From $24.99/mo | No | 0DTE and SPX traders who want to backtest then automate the same rules |
| OptionCharts | From $20/mo | Yes | Visual traders who want clean OI, max pain and GEX charts |
| OptionNet Explorer | GBP 535/yr | No | Manual backtesting of complex spreads on intraday data |
| OptionVisualizer | From $39/mo | Yes | Screening for unusual activity, IV spikes and covered calls on a budget |
| Optvana | From $20/mo | Yes | Premium sellers who want probability-ranked scans and backtests together |
All options strategy builders
Options strategy platform with trade ideas, position alerts, coaching and education.
Options profit calculator, strategy optimizer and unusual options flow analyzer built on OPRA data.
No-code options backtester on 1-minute data since 2013, with automation at tastytrade, Tradier, Schwab and TradeStation.
Option charts and visuals: open interest, volume, max pain, expected move, IV skew, GEX and DEX.
Desktop options analysis and backtesting software with intraday historical data and broker connectivity.
Options screener with 115 filters scanning 2M+ contracts, plus strategy builder, Monte Carlo and journal.
Options-selling platform: scan engine, income engine, strategy builder, backtests and broker-synced positions.
How we pick
Listings are not ranked by payment. Each entry's price, free tier and features come from the tool's own website; anything we couldn't confirm is marked not verified. Methodology.