I have used several options analysis software before, including Optionnet. Let me share my opinion on this software, comparing it with Optionvue, which is what I'm using now.
+ Easy to use. Good UI. Speed is fast. OV on the other hand is kind of out dated in its user interface.
- Optionnet P&L graph too simple. Can't superimpose trades like OV. Can't analyze individual T+n lines neither.
- Limited number of stocks and indexes. No futures at all. That's too limiting for me.
- Intraday data only for a few years. For older dates, optionnet only includes end of day data, which is quite useless and unreliable in back testing in my opinion.
+ Optionnet does a good job tracking positions though
- But reporting capability is quite weak compared to OV.
+ Optionnet offers simple greek analysis. Good enough for beginners
- But fall short for more advance traders, especially those who need accurate IV modeling. Optionnet assumes fixed IV, just like TOS. That's quite inaccurate because in real life, IV does change when market either moves up or down. I couldn't rely on the greeks in Optionnet to assess my actual risks. This is one of the main reasons why I switched to OV.
- Optionnet doesn't have a scanner at all. Most other commercial options analysis software I know of includes some kind of scanner to help traders find trades based on their strategies.
Overall, I would say Optionnet is good for beginners. However, if you are serious about trading options professionally, in my humble opinion, you probably need something more advance.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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