Comparison

OptionStrat vs IWB Terminal

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

IWB Terminal

Visualize your investment portfolio with clear explanations of positions, coverage, and risk. Includes an educational simulator to explore scenarios without affecting real accounts. Requires an IWB Terminal account.

Highlights
  • Portfolio positions in plain English
  • Coverage and risk explained
  • Allocation at a glance
  • Scenario simulation tool
  • Educational content on finance
  • Clear risk assessment
Features
Read full description

IWB Terminal turns your portfolio into one clear picture. Sign in with your IWB Terminal account and everything you track on the website is right here on your phone. What you get: Your positions in plain English. Every holding, every option position, and what each number actually means. Coverage and risk, explained. The terminal shows how your positions relate to each other and walks you through the math behind every figure, so you always know your risk. Allocation at a glance. See how your portfolio is spread out and how that picture changes over time. A simulator for learning. Try out scenarios and see how the numbers move, without touching a real account. Clear education, not advice. IWB Terminal is an analytics and education tool. It explains, it computes, and it teaches. It does not tell you what to buy or sell, and nothing in it is investment advice. An IWB Terminal account is required to sign in. Subscription: IWB Terminal Membership, one month, renewing automatically each month. Payment is charged to your Apple Account when you confirm the purchase. It renews unless you cancel at least 24 hours before the current period ends, and you can manage or cancel it any time in your Apple Account settings. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Terms of Service: https://iwbterminal.com/terms Privacy Policy: https://iwbterminal.com/privacy

Screenshots

OptionStrat4 screens
IWB Terminal4 screens

Verdict

The call

The clearest difference is ratings volume: OptionStrat at 1.9K against IWB Terminal's 4. OptionStrat also leads on chart position (#111 vs unranked) and iOS requirement (14.0 vs 16.0). IWB Terminal's advantage is update cadence (every 4 days vs every 10 days). On price, rating, ads and in-app purchases 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 and IWB Terminal sells 1 in-app purchase, starting at $8.99 per month. Whichever you choose, the download price is not the number that matters.

ReceptionRating · Positive reviews · Number of ratings

IWB Terminal holds the better App Store score, 5.0 against 4.8. That said, the two scores are not equally well evidenced: OptionStrat has 1.9K ratings behind it against 4, so its average is the more settled of the two.

UpkeepUpdate frequency

OptionStrat ships an update every 10 days, IWB Terminal every 4 days. The most recent releases landed on November 3, 2026 and October 31, 2026 respectively.

Scorecard4 real differences · 7 level
OptionStrat versus IWB Terminal: the parameters behind the verdict, then further details
ParameterOptionStratIWB Terminal
PriceFreeFree
Rating4.8 (1.9K ratings)5.0 (4 ratings) — better
Positive reviews79.8% of reviews—
Number of ratings1.9K — better4
Update frequencyEvery 10 daysEvery 4 days — better
AdsNoNo
In-app purchasesYesYes
MonetizationFree with in-app purchasesFree with in-app purchases
Best chart rank#111 — better—
DevicesiPhone, iPad, iPod — betteriPhone, iPad
Requires iOS14.0 — better16.0
Further details — not scored
Size25 MB2 MB
Age rating4+4+
DeveloperOptionStrat LLCBrandon Arnett

Customer experience

OptionStrat

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

IWB Terminal

All ratings4 ratings
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

IWB Terminal

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
1 purchases

IWB Terminal

Subscriptions1
  • IWB Terminal Membership$8.991 Month

Questions

Is OptionStrat free?
OptionStrat is free to download, with in-app purchases available.
Is IWB Terminal free?
IWB Terminal is free to download, with in-app purchases available.
Which has better reviews, OptionStrat or IWB Terminal?
IWB Terminal is rated higher. OptionStrat averages 4.8 out of 5 from 1.9K ratings, while IWB Terminal averages 5.0 from 4 ratings.
Do OptionStrat or IWB Terminal have ads?
Neither OptionStrat nor IWB Terminal shows ads.
Which is updated more often, OptionStrat or IWB Terminal?
OptionStrat ships an update every 10 days, and IWB Terminal every 4 days. Most recently, OptionStrat was updated on November 3, 2026 and IWB Terminal on October 31, 2026.

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