Comparison

OptionStrat vs Covered Calls Ledger

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

OptionStrat

Visualize and analyze options trades with a profit calculator and strategy builder. Discover institutional trades with real-time unusual options flow. Optimize strategies for maximum returns or profit chance.

Highlights
  • Options profit calculator
  • Strategy visualizer
  • Strategy optimizer
  • Unusual options flow tracker
  • Complex strategy detection
  • In-app tutorials
Features
Currently charting
Read full description

OPTIONS PROFIT CALCULATOR: Find and edit option strategies in real-time with our options profit calculator to gain a visual understanding of your trades. OptionStrat's strategy visualizer is used to find the potential profit and loss at various prices, as well as show how your trade is affected by implied volatility, time decay, and other factors. The strategy visualizer makes it easy to scroll through various strikes and expirations to build an options strategy. Nearly any strategy can be created, including strategies with underlying stocks like covered calls, or multiple expirations such as double diagonals. Over 50 strategy templates are available to choose from, each with a handy setup chart and description. STRATEGY OPTIMIZER: Automatically calculate the best strategies given a target price and expiration date. The options optimizer will search through thousands of potential trades to find which strategies maximize returns or chance of profit (or somewhere in between). UNUSUAL OPTIONS FLOW: OptionStrat Flow scans the market to uncover large and unusual trades as they happen, giving you insight into trades by institutions and other smart money. Not only do we show large call or put purchases, but we detect if the transaction showed urgency or aggression from the buyer or seller to show you both sides of the market. We are the first to provide unusual options activity for complex strategy types. OptionStrat Flow detects spreads, condors, and other advanced strategies and categorizes them as bearish, bullish, neutral, or directional. Use the in-app tutorials to learn more about each tool in the OptionStrat toolkit! DISCLAIMER: Options involve a high degree of risk and are not suitable for all investors. OptionStrat is not a registered investment advisor. The calculations, information, and opinions in this app are for educational purposes only and do not constitute investment advice. Calculations are estimates and do not account for all market conditions and events. TERMS OF USE: https://optionstrat.com/terms

About

Covered Calls Ledger

Manage and track your covered call options trading strategies with detailed insights. Calculate potential profits, monitor expirations, and organize positions by stock or cost basis. Enjoy a clean interface with local data storage and optional iCloud sync.

Highlights
  • Track multiple covered call positions
  • Group by stock or cost basis
  • Calculate potential profits and returns
  • Monitor expiration dates
  • Track premium income
  • View historical performance
  • iCloud sync across devices
Features
Read full description

Covered Calls is your essential companion for managing and tracking covered call options trading strategies. FEATURES: • Track multiple covered call positions • Group by stock or cost basis • Calculate potential profits and returns • Monitor expiration dates • Track premium income • View historical performance • iCloud sync across devices • Clean, intuitive interface • No ads or in-app purchases DETAILED TRACKING: • Stock purchase price and quantity • Option strike price and date • Premium received • Days until expiration • Profit calculations • Buy-back tracking • Historical performance ORGANIZATION: • Group positions by stock • Filter by cost basis • Sort by expiration date • Active/Expired call status • Multiple stock lots support CALCULATIONS: • Net premium received • Potential profit at expiration • Return on investment • Days to expiration • Percentage gains/losses PRIVACY & SECURITY: • All data stored locally • Optional iCloud sync • No tracking or analytics • No account required • Your data stays private Perfect for: • Options traders • Income investors • Portfolio managers • Long-term investors • Anyone writing covered calls Download now and take control of your covered call trading strategy!

Screenshots

OptionStrat4 screens
Covered Calls Ledger4 screens

Verdict

The call

The clearest difference is rating: OptionStrat at 4.8 against Covered Calls Ledger's 4.2. OptionStrat also leads on ratings volume (1.9K vs 5) and chart position (#120 vs unranked). Covered Calls Ledger's advantage is in-app purchases (none vs 10) and update cadence (daily vs every 10 days). On price and ads there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. OptionStrat sells 10 in-app purchases, starting at $19.99 per month. Covered Calls Ledger asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

OptionStrat holds the better App Store score, 4.8 against 4.2. That said, the two scores are not equally well evidenced: OptionStrat has 1.9K ratings behind it against 5, so its average is the more settled of the two. Written reviews complicate that: 80% of OptionStrat's written reviews are positive against 100% of Covered Calls Ledger's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

OptionStrat ships an update every 10 days, Covered Calls Ledger daily. The most recent releases landed on November 7, 2026 and November 4, 2026 respectively.

Scorecard9 real differences · 2 level
OptionStrat versus Covered Calls Ledger: the parameters behind the verdict, then further details
ParameterOptionStratCovered Calls Ledger
PriceFreeFree
Rating4.8 (1.9K ratings) — better4.2 (5 ratings)
Positive reviews79.8% of reviews100.0% of reviews — better
Number of ratings1.9K — better5
Update frequencyEvery 10 daysDaily — better
AdsNoNo
In-app purchasesYesNo — better
MonetizationFree with in-app purchasesFree — better
Best chart rank#120 — better—
DevicesiPhone, iPad, iPod — betteriPhone
Requires iOS14.0 — better18.2
Further details — not scored
Size25 MB1 MB
Age rating4+4+
DeveloperOptionStrat LLCPreetham Vemasani

Customer experience

OptionStrat

All ratings1,926 ratings
Positive96.3%
Neutral1.6%
Negative2.1%
Written reviews89 reviews
Positive79.8%
Neutral11.2%
Negative9.0%

Covered Calls Ledger

All ratings4 ratings
Positive75.0%
Neutral0.0%
Negative25.0%
Written reviews2 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

Bugs and requests

OptionStrat

Reported bugs

4 issues
  • Freezing and Crashing Issues
  • Incorrect Data Calculations
  • Disappearing UI Elements
  • Incompatibility with Certain Device Configurations

Requested features

6 requests
  • Allow Modifying Saved Trades
  • Provide Real-Time Options Quotes
  • Implement International Stock Support
  • Increase Maximum Number of Open Windows
  • Add Time Stamps to Active Ticker List
Show 1 more
  • Implement Spanish Translation

Covered Calls Ledger

Not enough reviews yet to summarise bugs or requests.

In-app purchases

10 purchases

OptionStrat

Subscriptions10
  • Live Option Tools7 Days trial$19.991 Month
  • Tools Monthly7 Days trial$29.991 Month
  • Live Option Tools7 Days trial$39.991 Month
Show 7 more
  • Live Options Flow7 Days trial$59.991 Month
  • Live Options Flow7 Days trial$89.991 Month
  • Live Options Flow7 Days trial$99.991 Month
  • Live Option Tools7 Days trial$199.991 Year
  • Live Option Tools$299.991 Year
  • Live Options Flow7 Days trial$599.991 Year
  • Live Options Flow7 Days trial$999.991 Year
None

Covered Calls Ledger

No in-app purchases

Questions

Is OptionStrat free?
OptionStrat is free to download, with in-app purchases available.
Is Covered Calls Ledger free?
Covered Calls Ledger is free to download, with no in-app purchases.
Which has better reviews, OptionStrat or Covered Calls Ledger?
OptionStrat is rated higher. OptionStrat averages 4.8 out of 5 from 1.9K ratings, while Covered Calls Ledger averages 4.2 from 5 ratings.
Do OptionStrat or Covered Calls Ledger have ads?
Neither OptionStrat nor Covered Calls Ledger shows ads.
Which is updated more often, OptionStrat or Covered Calls Ledger?
OptionStrat ships an update every 10 days, and Covered Calls Ledger daily. Most recently, OptionStrat was updated on November 7, 2026 and Covered Calls Ledger on November 4, 2026.

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