Option Omega
Option Omega provides institutional-grade options backtesting, strategy modeling, and broker-integrated automated execution to retail options traders via a self-serve subscription platform with annual pricing from $24.99 to $249.99 per month.
- Company typePrivate
- Founded2021
- HeadquartersKnoxville, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Option Omega does
Option Omega is a privately held software company that delivers institutional-grade options backtesting, strategy modeling, and broker-integrated automated execution to retail options traders. The platform is organized into three integrated subscription tiers — Model (live payoff diagrams with full Greeks and drag-and-drop strike/expiration adjustment), Backtest (historical strategy testing with data going back to 2013, support for up to 8-leg multi-leg strategies, 1-minute precision, and portfolio-level testing across 11 symbols), and Automate (broker API-integrated live execution across 12 symbols with up to 100 opening trades per day) — supplemented by an Academy offering educational courses for enrolled users.
Under the hood, the platform combines a proprietary backtesting engine with licensed historical options data (1-second intraday resolution for stop-loss testing) and third-party broker APIs for order placement, modification, and cancellation. Supporting features include Template Automations and User Automations (custom rule-based trading plans using VIX, Greeks, or technical entry signals), Trade Replay (minute-by-minute performance review), and Portfolio Testing (multi-strategy allocation simulation).
The business runs on a direct-to-consumer, product-led growth model with four pricing tiers ranging from $24.99/month (Model) to $249.99/month (Automate), all billed annually with free trials and Stripe-powered self-serve onboarding. Target segments are intraday options traders, systematic/algorithmic options traders, and strategy modelers — all retail or prosumer users. Founded in 2021 by Matt Simon, Rusty Moorman, and Troy McNeil, Option Omega is a Delaware LLC headquartered in Greenwood, Indiana, with a 1-10 person team, no disclosed institutional funding, and marketing driven by Discord, Twitter/X, YouTube, and a dedicated documentation site.
Option Omega firmographics
Firmographics- Name
- Option Omega
- Legal name
- Option Omega LLC
- Website
- https://optionomega.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Option Omega provides institutional-grade options backtesting, strategy modeling, and broker-integrated automated execution to retail options traders via a self-serve subscription platform with annual pricing from $24.99 to $249.99 per month.
- Ownership category
- akta.pro rank
Option Omega industry classification
Industry- Product category
- Options Trading Software
- NAICS
- Commodity Contracts Intermediation (523160)
- SIC
- Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Options Brokerage (FSAEACAI)
Keywords
Where Option Omega is headquartered
LocationHeadquarters
- HQ city
- Knoxville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Option Omega business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription Revenue: Four-tier subscription model with monthly billing billed annually. Users pay recurring subscription fees to access modeling, backtesting, and automation features. Higher tiers include all features of lower tiers plus additional symbols and capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Model tier - Strategy visualization and payoff diagram tools |
| Subscription | Annual | Backtest tier - Strategy testing with historical data |
| Subscription | Annual | Backtest + Model tier - Combined testing and visualization |
| Subscription | Annual | Automate tier - Full platform with automated execution |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Option Omega product offering
Product offeringCore offering
Option Omega provides a web-based subscription software platform that lets retail traders design, visualize, and backtest options trading strategies against historical data, then automatically execute those strategies in live brokerage accounts. The platform is sold in tiered plans (Model for visualization, Backtest for historical testing, Automate for live execution), bundled with the Option Omega Academy, an educational curriculum for systematic and algorithmic options trading.
Product overview
Option Omega is a unified options trading platform consisting of three integrated tiers: Model (for strategy visualization and Greeks analysis), Backtest (for historical strategy testing), and Automate (for live broker-integrated execution). The platform also includes an Academy for educational courses and supports User Automations and Template Automations for strategy automation. The Model tier provides real-time payoff diagrams and drag-and-drop strike/expiration adjustment; Backtest delivers institutional-grade historical testing with data back to 2013 supporting up to 8-leg multi-leg strategies across 11 symbols; Automate extends these capabilities with broker API integration enabling 100 daily opening executions across 12 symbols. Portfolio Testing allows users to simulate multiple strategy allocations simultaneously. All tiers are available as separate subscriptions or combined, with annual pricing ranging from $24.99/month (Model) to $249.99/month (Automate).
Differentiator
Problem solved
Functional benefit
Products and services
- Option Omega Platform Web-based options trading software that lets retail traders design, visualize, backtest, and automate options trading strategies against historical market data and through live brokerage execution. Distributed as a subscription SaaS product with tiered capabilities (strategy modeling, historical backtesting, and automated trade execution) accessed via the optionomega.com website.
Companies that use Option Omega
Customer profileSegments3 records
Ideal customer profiles1 record
Option Omega technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature8 records
Option Omega partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- StripecorePayment processing partner for subscription billing. Stripe handles payment data including credit card information. All payment data is stored by Stripe according to their privacy policy. This is a standard payment integration for subscription-based SaaS services.
- Data Providers (Unnamed)coreThird-party data providers including exchanges, news providers, and market data providers who supply the historical market data used for backtesting. The company licenses options market trading data from these providers for use in its backtesting applications.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Option Omega competitors and assessment
Company assessmentBroad incumbents
- TradingView: Mass-market charting and analysis platform that has steadily expanded into options analytics and Pine Script-based backtesting. Overlaps with Option Omega's visualization and (light) backtesting use cases at significantly broader scale.
- Barchart: Long-standing financial data, options analytics, and screening platform serving retail and professional traders. Comparable as a subscription data + options tooling business, though much broader in scope.
- Cboe LiveVol: Institutional options analytics and historical data provider from Cboe. Comparable to Option Omega's Backtest value proposition on the data and analytics layer, though priced and packaged for institutional buyers.
- tastytrade (tastylive): Options-focused education, content, and brokerage platform now part of IG Group. Competes for the same retail options trader audience and offers research, analytics, and strategy tools that overlap with Option Omega's functionality.
Regional players
- Sensibull: India-based options trading and analytics platform offering strategy builders, payoffs, and virtual trading. Comparable product surface to Option Omega, but primarily serving the Indian retail options market.
- Opstra (Definedge): Options analytics platform focused on the Indian market, offering payoff graphs, strategy builders, and historical analysis. Comparable in product concept to Option Omega, with regional rather than direct competition.
Direct peers
- Unusual Whales: Retail-facing options flow, analytics, and alerting platform that also offers strategy tooling. Comparable to Option Omega as a subscription-based options intelligence and analysis product targeting active retail traders.
- OptionStrat: Options strategy visualization and analysis platform that helps retail traders model multi-leg positions and view payoff diagrams. Closely comparable to Option Omega's Model tier and competes for the same options-trader mindshare.
- ORATS: Provides options backtesting, historical data, and analytics for institutional and retail traders. Direct overlap with Option Omega's Backtest product, including historical options data and strategy testing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Option Omega social profiles
Digital presenceOption Omega financial estimates
Financial estimateRevenue estimate
Valuation estimate
Option Omega leadership team
Management profileNumber of profiles
Profiles3 records
Option Omega funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Option Omega M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Option Omega
What does Option Omega do?
Option Omega provides a web-based subscription software platform that lets retail traders design, visualize, and backtest options trading strategies against historical data, then automatically execute those strategies in live brokerage accounts. The platform is sold in tiered plans (Model for visualization, Backtest for historical testing, Automate for live execution), bundled with the Option Omega Academy, an educational curriculum for systematic and algorithmic options trading.
Is Option Omega a public or private company?
Option Omega is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Option Omega founded?
Option Omega was founded in 2021. It employs 1 to 10 people.
Where is Option Omega based?
Option Omega is headquartered in Knoxville, United States, in the North America region.
How does Option Omega make money?
One revenue line is on record: subscription Revenue.
Who are Option Omega's main competitors?
Broad incumbents on record are TradingView, Barchart, Cboe LiveVol and tastytrade (tastylive). Regional players are Sensibull and Opstra (Definedge). Direct peers are Unusual Whales, OptionStrat and ORATS.
Does Option Omega have an API?
Yes. Option Omega provides an API that enables broker integrations, allowing users to connect their brokerage accounts to the platform to execute automated trading strategies. The API is used for communication between the platform and third-party brokers, including order placement, modification, and cancellation. Users can create User Automations (trading plans) that automate different steps of the trading process, which are then executed through broker API integrations. The Applications are defined as software, programs, interfaces, application programming interfaces (APIs), and other functional tools made available on the website for charting, simulated trading, information viewing, and processing. Developer documentation is at docs.optionomega.com.
What industry is Option Omega in?
Option Omega's product category is Options Trading Software. Its primary akta.pro industry code is FSAEACAI, Options Brokerage. Its NAICS code is 523160 and its SIC code is 6221.