OptionWave vs Options Flow & P/L
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
OptionWave
Monitor unusual option trades in real-time with live data and customizable filters. Receive smart notifications for trades matching your criteria to optimize your trading strategy and stay ahead of market trends.
- Real-time live feed of unusual option trades
- Customizable filters for trade data
- Personalized smart notification alerts
- User-friendly interface for all experience levels
- Detailed analysis and reporting for market insights
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Discover OptionWave - your ultimate tool for monitoring unusual option trades in real time. Designed for traders who want to stay ahead of market trends, OptionWave offers comprehensive features to optimize your trading strategy: **Real-Time Live Feed:** Instantly access live data on unusual option trades. Our app continuously scans the market to provide you with the most up-to-date information, helping you make timely decisions. **Customizable Filters:** Tailor your experience by creating custom filters for the live feed. Exclude trades that don't meet your criteria to focus on what matters most to your strategy. **Smart Notifications:** Configure personalized notification alerts to be notified whenever a trade matches your specific requirements. Receive push notifications directly to your device, ensuring you never miss an opportunity. **User-Friendly Interface:** Navigate effortlessly with an intuitive design that caters to both novice and experienced traders, providing a seamless user experience. **Stay Informed:** Gain insights into market trends with our detailed analysis and reporting features to make informed trading decisions. OptionWave is your go-to solution for smarter, more informed trading. Download today and experience the power of precision trading at your fingertips! Terms of use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Options Flow & P/L
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Spot unusual options flow. Price strategies. Track P&L live. ImpliedOptions helps you go from idea → executed plan with a fast strategy builder, UOA filters, IV tools, and real-time P&L.* Key features Unusual Options Flow: Surface notable sweeps/blocks with powerful filters. Strategy Builder (1–4 legs): Calls, puts, verticals, iron condors, butterflies—built in seconds. Instant P&L & Greeks: Max profit/loss, breakevens, Delta/Gamma/Theta/Vega, payoff charts. Market Insights: IV Rank, IV term structure, seasonality, expected move. Watchlists & Alerts: Price/IV + saved-strategy alerts. Portfolio & Positions*: Live entries, P&L, and exposure. Why traders choose us Built for speed and clarity—less tapping, more deciding. 0DTE-ready: fast chains, risk metrics, and alerts. Opinionated defaults + clean UI to reduce mistakes. *Some features (live P&L, real-time alerts) require a subscription. Free tier available. Terms of Use: https://impliedoptions.com/terms Privacy Policy: https://impliedoptions.com/privacy
Screenshots
Verdict
The clearest difference is update cadence: Options Flow & P/L at every 8 days against OptionWave's every 3 weeks. OptionWave's advantage is iOS requirement (13.0 vs 15.1). On price, ads, in-app purchases and device support 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
Both are free to download. OptionWave sells 2 in-app purchases, starting at $29.99 per month and Options Flow & P/L sells 6 in-app purchases, starting at $17.99 per month. Whichever you choose, the download price is not the number that matters.
OptionWave ships an update every 3 weeks, Options Flow & P/L every 8 days. The most recent releases landed on October 2, 2026 and October 13, 2026 respectively.
| Parameter | OptionWave | Options Flow & P/L |
|---|---|---|
| Price | Free | Free |
| Rating | 5.0 (1 ratings) — better | — |
| Number of ratings | 1 — better | — |
| Update frequency | Every 3 weeks | Every 8 days — better |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Monetization | Free with in-app purchases | — |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 13.0 — better | 15.1 |
| Further details — not scored | ||
| Size | 146 MB | 44 MB |
| Age rating | 4+ | 4+ |
| Developer | Jiakuan Li | ImpliedOptions |
In-app purchases
OptionWave
- OptionWave Premium Membership7 Days trial$29.991 Month
- OptionWave Premium Membership7 Days trial$299.991 Year
Options Flow & P/L
- Pro — Monthly (Auto-Renewable)$17.991 Month
- Premium — Monthly (Auto-Renewable)$29.991 Month
- Pro — Quarterly (Auto-Renewable)$41.993 Months
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- Premium — Quarter (Auto-Renewable)$71.993 Months
- Pro — Yearly (Auto-Renewable)$144.991 Year
- Premium — Yearly (Auto-Renewable)$269.991 Year
Questions
Is OptionWave free?
Is Options Flow & P/L free?
Do OptionWave or Options Flow & P/L have ads?
Which is updated more often, OptionWave or Options Flow & P/L?
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