OptionNET Explorer

Top-Notch Options Software

I've been using OptionNet Explorer for the last 2 years and couldn't be happier with it. Using it in combo with ToS for my live quotes, this is truly the best software around for advanced option analysis.

An absolute must for serious options traders, though beginners and novices may be overwhelmed by all that it has to offer.

Trust Score

7.2

User’s Review Ratings

Overall

Simply the best!

ONE versus OptionVue

I am regularly trading index and futures options for income. Since I combine different strategies (verticals, diagonals, butterflies etc.) and timeframes (8-120 days), I usually end up with a relatively large number of open positions. A stable software that allows me to monitor each of them without too many complications is essential for me.

As a Spanish resident, I cannot open a TOS account and rely on IB. I have been working both with OptionVue and ONE, using the IB data feed. And I will stick with ONE. ONE is much more stable and quicker when it comes to fetch data from IB. ONE is much simpler to use but has the essential and practical features I need to make quick decisions. The interface is intuitive, well designed and well thought out. For example, a floating window with all the benchmarks of open positions across different underlyings and accounts makes it really easy to monitor an entire portfolio. Risk graphs are easy to set up and visually appealing. Orders can be passed directly to IB, which makes execution quick and reliable. Mid prices are well calculated and rapidly updated, which is definitely not the case with the IB-OptionVue combination. All IB data are displayed while OptionVue for example does not fetch open interest data. And backtesting in ONE is much quicker; it also makes it easy to replay already closed positions.

Many people argue that the OptionVue greeks are more accurate. I don't mind as long as I stick with the same system and greeks are reproducible and behave in a stable and predictable way. The volatility model OptionVue uses may be more sophisticated but sometimes behaves in an unpredictable and weird way that has screwed up my trading considerably in too many occasions.

There are some analysis tools ONE still has not implemented, but they are catching up quickly and every couple of new releases they have improved the software. The only BIG drawback of ONE is that they do not provide futures. But they confirmed that this is planned for the near future.

In summary, it may be true that OptionVue provides some advantages when it comes to a more detailed analysis of complex positions, but for real-time and real-world trading, at least in my setting, ONE excels.

I highly recommend testing ONE and consider it the best option trading software for retail traders you can buy.

Trust Score

1.0

User’s Review Ratings

Overall

Essential Options Trading Platform for the Serious Trader

I have been using ONE for six years now. I am a full-time options trader and it is essential that I have an options trading platform that is robust, reliable, fast, and scalable. ONE is an ideal platform to backtest trades, maintain live trades, and generate analytical reporting on trading performance. But the most important aspect of any trading software is customer and technical support. Over the past six years, the ONE customer and technical support team has provided OUTSTANDING service. ALWAYS quick to reply to my emails and very quick to resolve any technical problems. Top-notch professional team at ONE!

Trust Score

1.0

User’s Review Ratings

Overall

OptionNET Exploder

I’m using OptionNET Exploder for about 3 years now for trade management, administration and back-testing. I’m using it in combination with the ThinkOrSwim platform for a live quote feed. Also, the import function from the TOS account statements is very practical. I have used several other Option analysis applications, but this one is by far my favored. I recommend it to every serious optiontrader.

Trust Score

1.0

User’s Review Ratings

Overall

Options Analysis Software

I use OptionNet Explorer daily. For anyone trading options, it is indispensible! It gives a very clear picture of even the most complicated options positions, including those involving shares of the underlying issue. I use it to evaluate new trades, as well as to track and adjust existing trades.

Trust Score

1.0

User’s Review Ratings

Overall

Great tool for serious options traders

I have been using ONE software for 3 years now. I can say it definitely changed the way I trade and analyze potential trades.

Comparing ONE and TOS, TOS looks like a tool from the previous century. ONE gives you so much more. Historical data gives you 5 minutes intervals. You can look at P/L of the trade and project how it will look for the whole duration of the trade. You can change the IV and see how it impacts the trade. And so much more. The backtesting abilities are priceless.

It also has very good reporting feature. You can group reports by account, by underlying, by expiration etc.

Customer support is excellent. All issues are addressed very promptly and professionally.

I believe it's a must tool for any serious options trader. I highly recommend the software to all my members.

Kim Klaiman

https://steadyoptions.com/

Trust Score

1.1

User’s Review Ratings

Overall

Finally, very good intraday analysis

I have been trading for quite a few years and I've used many software packages and I find OptionNET Explorer to be a very good analytical package. All trades can be structured and backtested with very good resolution. Some statistics are available to evaluate performance.

I use IB to place trades and ONE communicates very well with IBs API. I can build my trades and actually see a good risk graph along with greeks and I then have a pretty good idea of how the trade will perform given certain market conditions.

I'm salivating at the prospect of a future (now in BETA) automated strategy tester. I find the publishers are constantly improving the software.

In short, definitely check this out before you go to another offering.

Trust Score

1.0

User’s Review Ratings

Overall

Indispensible software for trading options

I have been trading options for a number of years and have used a variety of analytical software packages. OptionNET Explorer (ONE) is far and away the best, especially for the modest price.

I structure all my trades and adjustments on ONE before I place them with my broker. ONE allows me to follow my trades accurately. While it is true ONE doesn't currently have a "scan" feature, I personally (and I bet many, if not most traders) limit my trades to specific underlying vehicles that I know well so have no need for a scan function.

ONE does have a number of uniquely helpful features. One in particular that I use is the ability to reflect commission costs both in and out (called "round trip"). Thus the reflected PnL at any one time for any particular trade is "net" to me (which is the only PnL aspect of a trade that I am interested in).

ONE's reflected PnL for every trade incorporates all mid trade adjustments.

ONE's "Risk Profile" has a number of visual options that make following a trade simple and accurate.

The back trading feature is outstanding and was created to facilitate the teaching experience for Sheridan Mentoring students.

Customer service is outstanding. Replys are prompt and remedies accurate.

Trust Score

1.0

User’s Review Ratings

Overall

It analyses and back tests option trades.

From the beginning, the proprietor was always receptive to suggestions to improve it and now it is possibly the best software available for analysing option trades. It is very user friendly, has a great support team and is great value for money.

Trust Score

1.0

User’s Review Ratings

Overall

Don't trade options without it

I have used a lot of trading software over the decades and provided technical support for a very large retail broker platform for many years. When I started trading options I used OV because it was the only serious options trading software. But after using ONE, I wouldn't trade with anything else. The ability to go back in time and simulate actual trading with the actual screens you use daily is an awesome feature. If you want to see how you would have performed in a period of time you can look at the market, find a time you think is comparable to the one you are facing, and start placing trades. How did you do with those adjustments? Not so well? Figure out how you should have approached it, delete the trade, and do it again. It's the equivalent of putting 1000's of trades under your belt in a short period of time and without risking real money. When you have made that trade a habit you are better prepared when you put real money on the line. And then, when you trade for real, you are looking at the same screen and doing the exact same thing as when you practiced. Only now you have an idea of what to expect and can keep the emotions in check because you can say "been there and done that".

Trust Score

1.0

User’s Review Ratings

Overall