Options Matrix Pro
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The Story
Options Matrix Pro is a web-based options research platform for self-directed traders who want to find the trades worth their time without turning research into a second job. It pulls live options data from ThetaData and puts scanning, comparison, modelling and journaling in one place, so you are not juggling a broker chain, a payoff calculator and a spreadsheet.
The Options Matrix shows every strike and expiry for a ticker in one heatmap, ranked on monthly yield, breakeven, probability of profit and days to expiry. It makes it easy to see, for example, whether a short-dated cash-secured put really pays better than a further-dated one once time is taken into account.
The Short Options Scanner checks a whole watchlist for cash-secured puts and covered calls using repeatable rules, and the Advanced Strategy Scanner looks for spreads, iron condors, butterflies and other multi-leg setups.
Any result opens in the Strategy Visualizer, where you can build and pressure-test a strategy with live quotes, a P/L graph and table across price and time, Greeks, the expected move and probability of profit. Historical mode lets you rebuild a setup on an earlier market date and record past trades.
Saved trades feed a campaign journal that tracks fills, adjustments and rolls, with realised and unrealised P/L across a whole campaign. An AI Analyst can review the scan, matrix or position you have open, and AI Connections let you use ChatGPT or Claude with your own OMP data.
Free calculators for covered calls, cash-secured puts, expected move and probability of profit need no account. Plans start at $10 a month, and every plan begins with a 7-day All Access trial. Options Matrix Pro is a research and decision-support tool, not a trade-recommendation service.
AI Overview
AI-generatedResearch fragmentation costs options traders their focus. Where a covered call analysis should take minutes, it stretches across an options chain, a yield calculator, a spreadsheet row, and a broker journal. Options Matrix Pro consolidates this workflow into a single web-based research platform, letting self-directed traders find high-probability setups without turning market research into a second job.
The platform targets traders pursuing repeatable income strategies, particularly those focused on covered calls and cash-secured puts. For this audience, Options Matrix Pro eliminates the context switching between disconnected tools. Its central feature, the Options Matrix, displays every strike and expiration for a given stock as a color-coded heatmap. Traders rank contracts by monthly yield percentage, breakeven price, probability of profit and days to expiration in a single view, surfacing which short-dated position actually competes with longer-dated alternatives once time decay is factored in.
Scanning capabilities extend beyond single stocks. The Short Options Scanner checks an entire watchlist against user-defined criteria, automatically surfacing cash-secured puts and covered calls that meet specified thresholds. An Advanced Strategy Scanner identifies multi-leg setups including spreads, iron condors and butterflies. Results flow directly into the Strategy Visualizer, where traders can model how positions respond to price and time movements, review Greeks and expected moves, and pressure-test assumptions against live market data pulled from ThetaData.
What distinguishes the platform from standalone calculators is its trade-tracking component. A campaign journal aggregates thesis, entry fills, adjustments, rolls and final outcomes in a single record, eliminating the manual record-keeping that makes trade review and performance analysis tedious. Historical mode allows traders to rebuild past setups and analyze outcomes on earlier market dates.
The platform offers AI-powered analysis features that integrate with ChatGPT or Claude for custom interpretation of scans, matrices and open positions. Free calculators for covered calls, cash-secured puts, expected move and probability of profit require no login, making core tools accessible before commitment.
Pricing runs from ten dollars monthly for the Visualizer plan to fifty dollars for All Access, with a thirty-dollar Pro tier in between. Every subscription includes a seven-day trial of all features. The platform positions itself explicitly as research and decision support rather than trade recommendation, preserving trader autonomy while removing research friction.
Founder Diary
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Key Features
Options Matrix
Displays all strikes and expirations as a color-coded heatmap ranked by monthly yield, breakeven price, probability of profit and days to expiration.
Short Options Scanner
Automatically scans entire watchlists for cash-secured puts and covered calls meeting user-defined criteria.
Advanced Strategy Scanner
Identifies multi-leg setups including spreads, iron condors and butterflies across portfolios.
Strategy Visualizer
Models how positions respond to price and time movements with Greeks and expected moves using live market data.
Campaign Journal
Aggregates thesis, entry fills, adjustments, rolls and outcomes for streamlined trade review and performance analysis.
AI-powered Analysis
Integrates with ChatGPT or Claude for custom interpretation of scans, matrices and positions.
Use Cases
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Self-directed options traders
Eliminates context switching between disconnected research tools for covered calls and cash-secured puts.
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2
Traders seeking efficiency
Consolidates options chain analysis, yield calculations and broker journals into one platform.
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Performance-focused traders
Tracks historical trades and allows rebuilding past setups to analyze outcomes and improve strategy.
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4
Risk-conscious traders
Enables pressure-testing assumptions and modeling position responses against live market data before execution.
FAQ
Can I use Options Matrix Pro without paying? ▾
How do I track and analyze past trades? ▾
Does this platform give trade recommendations? ▾
What are the pricing options? ▾
Pricing
Free calculators available without login; paid subscriptions from $10–$50/mo with 7-day trial included.
Tech Stack & Tags
Discussion
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