Options Matrix Pro

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.

Who it is for: self-directed retail options traders and investors, from people selling their first cash-secured put to active traders running spreads and iron condors. Income traders use the matrix to compare cash-secured put and covered call strikes by monthly yield and breakeven. Spread traders model a position in the visualizer before they place an order, and journal-minded traders keep every roll and adjustment in one campaign history instead of a spreadsheet.

How a typical session works: scan a watchlist with the Short Options Scanner, open the strongest result in the Options Matrix to compare nearby strikes and expiries, send the chosen contract to the Strategy Visualizer to check the payoff, Greeks and expected move, then save the trade so the journal tracks it through expiry or a roll. The AI Analyst can explain what the numbers on screen mean for the setup you have open.

Options Matrix Pro is often compared with OptionStrat, Option Samurai and Market Chameleon. It differs by combining scanners, a yield matrix, a payoff visualizer and a trade journal in one workflow, on live data.