OptionScout

Categories: Finance, Data Analysis, Chatbots & Assistants | Pricing: Freemium | Official Website ↗

OptionScout is an AI-powered options trading platform that provides a scanner, gamma map, and an AI advisor for trade idea generation.

OptionScout is an integrated options trading application designed to help users identify, analyze, and plan options trades. It features a scanner that ranks every play in the option chain, a gamma map that visualizes dealer positioning, and an AI advisor that processes live market data to suggest trade ideas. The AI advisor shows its steps and computes trade card numbers based on real-time data, rather than generating arbitrary values. The platform aims to provide a structured process for options trading, moving users from identifying potential setups to planning and proving trades. It integrates various tools like a scanner for finding plays, GEX for understanding dealer positioning, an AI advisor for planning, and a paper trading module for practice. OptionScout emphasizes providing an edge by offering insights into dealer maps and suitable trade structures before market opportunities disappear.

Key Features

AI Trade Advisor
Options Scanner with Scout Score
GEX (Gamma Exposure) Map and Analysis
Unusual Activity Data
Paper Trading with live prices
Daily Gamma Briefing
Watchlist and Alerts
CSV Exports

Pros

AI advisor provides computed trade numbers, not invented ones.
Integrates multiple tools (scanner, GEX, advisor, paper trading) into one app.
Offers live options data on every ticker even on the free plan.
Provides a structured process for trade identification and planning.
Includes paper trading to practice strategies with live prices.

Cons

Requires a card for the 7-day Pro trial.
Free plan has significant daily caps on scanner runs and AI chats.
No explicit mention of mobile apps (iOS/Android), primarily web-based.
Not investment advice, users must do their own research.
Limited integrations mentioned beyond webhooks for Pro plan.

Use Cases

Generating options trade ideas based on market conditions
Analyzing gamma exposure and dealer sentiment
Scanning for profitable options plays across the chain
Practicing options trading strategies in a simulated environment
Receiving daily market briefings for SPY, QQQ, IWM

Best For

Options traders seeking AI-powered insights
Individuals looking for structured trade planning
Traders who want to understand dealer positioning
Users who want to paper trade strategies before real capital deployment

Integrations: Discord, Slack

Platforms: Web

Watch demo on YouTube ↗

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