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COMPARISON

Flow Proof vs OptionStrat

M
By Matt
Mining engineer turned options trader. Built Flow Proof because the existing tools weren't worth what they charged.

OptionStrat and Flow Proof do different jobs. OptionStrat is the go-to visual strategy builder, with a paid live options flow feed on top. Flow Proof is a free put-selling scanner, AI trade analysis, and trade tracker for premium sellers. Quick disclosure: I build Flow Proof. It is not an options flow tool, so if OptionStrat Flow is what you're after, I'll say so plainly.

Feature Comparison

FEATURE
FLOW PROOF
OPTIONSTRAT
Price
Free ($5/mo AI Pro optional)
Free builder; paid plans up to about $100/mo
Multi-leg strategy builder
No
Yes (best-in-class)
Payoff diagrams
Yes (basic)
Yes (advanced)
Real-time options flow
No
Yes (paid plan)
Put-selling scanner (IV Rank, A to F grades)
Yes
No
AI trade analysis
Yes (3/day free)
No
Trade blotter and wheel tracker with roll advice
Yes
No
Roll calculator and assignment analyzer
Yes
No

About OptionStrat

OptionStrat is a popular options strategy visualization platform. Its free strategy builder lets you map P&L curves for almost any options strategy, and it's one of the best free tools in the space. Paid plans add live data and its Flow feed of unusual options activity.

Pricing: OptionStrat's strategy builder is free with delayed data. Paid plans add live data and the options flow feed, with Live Flow at roughly $90 to $100/month and cheaper live tools plans below that. Annual billing is discounted. Check optionstrat.com for current prices.

OptionStrat Strengths

+ Best-in-class visual strategy builder, free to use
+ Excellent P&L visualization and what-if analysis
+ Live options flow feed on the paid plan
+ Intuitive UI that's popular with beginners
+ Handles complex multi-leg strategies well

OptionStrat Weaknesses

- The flow feed is the expensive plan
- The builder shows you how a trade behaves, not which stock to trade
- No graded put-selling scanner with IV Rank
- No trade blotter or wheel tracker for managing open positions

Why Choose Flow Proof

✓ Free, with no credit card and no trial clock
✓ Scanner grades 25 stocks A to F every day using IV Rank and IV/HV, so you know which puts are worth selling
✓ AI trade analysis on any symbol: 3 a day free, unlimited with AI Pro at $5/month
✓ Trade blotter with live P&L and breakevens, plus a wheel tracker with AI roll advice
✓ Free roll calculator, payoff diagrams, and assignment analyzer
VISUAL

The Wheel Strategy Cycle

Each phase generates income. Assignment isn't a failure — it's the transition to the next income-producing phase.

↓SELL PUT◆ASSIGNED↑SELL CALL✓CALLED AWAYTHE WHEELCollect premium atevery phase
1SELL PUT— Collect premium
Sell cash-secured put on a stock you want to own at a lower price
2ASSIGNED— Buy shares at strike
Put expires ITM → you buy 100 shares. Cost basis = strike − premium
3SELL CALL— Collect more premium
Sell covered call above cost basis. Theta works for you again
4CALLED AWAY— Sell shares at strike
Call expires ITM → shares sold at profit. Restart the wheel

The wheel strategy generates income at every phase. Phase 1: sell a cash-secured put and collect premium ($150-400/month on a typical $50 stock). Phase 2: if assigned, your cost basis is the strike minus all premiums collected. Phase 3: sell covered calls against your shares to collect even more premium. Phase 4: when shares are called away, you've profited from the put premium, call premiums, and any stock appreciation. Then the wheel restarts.

Flow Proof trade blotter showing active options positions, wheel tracker with AI analysis, and real-time P&L tracking
Flow Proof in action — track puts, manage wheel positions, and get AI-powered rolling recommendations all in one place. Try it free →

The Verdict

If you want live options flow, OptionStrat Flow is a solid pick and Flow Proof doesn't compete there. If you want to visualize a multi-leg trade, OptionStrat's free builder is the best around. If you sell puts or run the wheel, Flow Proof covers the part OptionStrat doesn't: which stock to sell a put on today, AI analysis on the symbol, and tracking the trade once it's open. Using OptionStrat's free builder alongside Flow Proof costs nothing.

Flow Proof Is Free

Put premium scanner with A to F setup grades, AI trade analysis, and a trade blotter with roll advice. No credit card required.

Open Scanner →
View pricing & plans

Frequently Asked Questions

Can I use Flow Proof and OptionStrat together?

Yes. Use Flow Proof's scanner to find a stock with a good grade, then model the trade in OptionStrat's builder if you want a detailed P&L curve. Both are free at that level.

How much does OptionStrat cost?

The strategy builder is free with delayed data. Paid plans add live data, and the Live Flow plan with the options flow feed runs roughly $90 to $100/month, with a discount for annual billing. Prices change, so check their site.

Is Flow Proof an OptionStrat Flow alternative?

No. Flow Proof doesn't have a live options flow feed. If flow is what you want, OptionStrat Flow or another flow tool is the right choice. Flow Proof is for selling premium: it grades put-selling setups and tracks your trades.

Does OptionStrat have a put-selling scanner?

Not in the sense of a graded list of stocks to sell puts on. OptionStrat's strength is building and visualizing strategies. Flow Proof's scanner grades 25 stocks A to F every day using IV Rank and IV/HV.

Continue Learning

Choosing between OptionStrat and Flow Proof is mostly a question of what you'll do with the flow data once you have it. These guides cover the fundamentals that any options flow tool — including this one — assumes you already understand.

What Is Unusual Options Activity?
How to tell whether a whale trade is bullish, bearish, or just a hedge
How to Read Options Flow
Sweeps vs. blocks, ask-side vs. bid-side, and what actually matters
Options Flow Conviction Scoring
The 20+ signals that separate real institutional positioning from noise
Best Options Flow Scanners — Honest Review
I tested every major flow tool. Here's what each one is actually good for.

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