In the past, developing a market outlook and knowing which options positions to take and how much to pay for an option involved complex mathematical calculations that most options traders didn't know how to make or have the resources to perform. But not any more.

OptionStation solves the mystery of options trading
With its uniquely powerful strategy development, testing, analysis and automation tools, TradeStation’s OptionStation greatly simplifies the process of trading options, allowing beginners and seasoned options traders alike to easily create and evaluate their option positions.
 
OptionStation helps you build a sound market outlook, allowing you to develop and back-test your assumptions on the underlying asset using decades of historical data before you trade.

Once you’ve developed a market outlook, you can use hundreds of customizable indicators and charting tools to further analyze the option or underlying asset. OptionStation sorts through thousands of possible options combinations and ranks the theoretical results for your assumption in mere seconds.

Simplifying options trading one step at a time
OptionStation breaks down the basic tasks that most seasoned option traders perform into several easy steps

Options Search
The Position Search Wizard guides you through a step-by-step process to find the best options and positions to trade based on your market outlook.

Option Chain Analysis
After you’ve completed your options search, you can further evaluate your positions using option chain analysis. OptionStation’s analysis window enables you to compare and analyze equity, index and futures options side by side.

Position Analysis
OptionStation’s Position Analysis provides quick access to the data needed to make the best possible trading decisions based on your strategies. This feature allows you to test a virtually unlimited number of “what if” scenarios.

Position Charting
Seeing your positions in a visual display can help you analyze your position’s profitability curves in virtually any market scenario, as well as help refine your analysis of any option position or combination of positions.

Advanced Execution Tools
OptionStation also gives you the capability to place non-automated trades. Advanced execution tools like the Matrix window allow you to enter trades manually for single contracts or multi-leg options spreads.