An option finder is a tool that does the hardest part of options trading for you: instead of guessing which of dozens of strategies to use, you tell it your view on a stock and it finds the best options strategy to match. The free OptionProfit option finder scans the live option chain, builds every supported strategy around the current strikes, and ranks them by probability of profit, risk and reward — so you go from a price target to a concrete trade in seconds.
An option finder (sometimes called an options strategy finder) takes your market outlook — a direction, a price target, or a range — and returns the option strategies that best fit it. Where a normal options calculator only prices a trade you already chose, an option finder does the choosing: it searches the chain and surfaces the strategies worth considering.
It is built for two kinds of trader: beginners who are overwhelmed by the sheer number of strategies and just want to know which one fits, and experienced traders who want a fast, data-driven scan instead of building every candidate by hand.
You enter a ticker and your expectation for the stock, and optionally an expiration. The finder pulls the live option chain, generates candidate strategies — long calls and puts, vertical spreads, iron condors, covered calls, cash-secured puts and more — around the relevant strikes, and prices each one with a Black-Scholes engine.
For every candidate it computes the probability of profit, maximum profit and loss, breakevens, risk/reward and capital required, then scores and ranks them — favouring defined-risk structures where your downside is known up front. The top picks appear with all their numbers, and you can open any one in the calculator to inspect the payoff chart, the Greeks and a Monte Carlo simulation.
Probability of profit (POP), estimated from implied volatility, so you can see how likely a trade is to finish in the money. Maximum profit and maximum loss, so you always know the worst case before you trade. Breakevens, risk/reward ratio and the capital each trade ties up.
The finder deliberately leans toward defined-risk strategies — trades whose maximum loss is fixed — rather than open-ended ones, because knowing your worst case is the foundation of sensible options trading.
There are more than twenty common options strategies, and the right one changes with your outlook, your timeframe and current volatility. Picking by hand is slow and easy to get wrong. An option finder compresses that into a few seconds and shows you the trade-offs side by side, so you learn why one structure beats another for a given view.
And because every result is fully transparent — real strikes, real premiums, a real payoff you can open and edit — it is a teaching tool as much as a shortcut.
Open the Option Finder → Browse all strategies →
An option finder is a tool that takes your outlook on a stock and returns the options strategies that best fit it, ranked by metrics like probability of profit and risk/reward — so you do not have to guess which strategy to use.
Yes. The option finder, the calculator, the scanner and every strategy page are free and unlimited, with no signup or account required.
It builds every supported strategy on the live option chain, prices each with a Black-Scholes engine, computes probability of profit, max profit/loss, breakevens and risk/reward, then scores and ranks them, favouring defined-risk structures.
Yes — it is ideal for beginners, because it removes the hardest step (choosing among twenty-plus strategies) and shows the risk and reward of each pick in plain numbers you can inspect.
It uses live option-chain quotes from a free third-party feed, delayed about 15 minutes, for educational use. It is not financial advice.
Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.