Comparing the Best Options Tracking Platforms: What to Look For

Track all your trades with one option trading journal. Share your trading notes with other traders and mentors/mentors to learn and improve together. Tradervue keeps sensitive information like P&L and share volume private by default.

See key summary metrics in bucketed reports by strategy, underlying, or custom position tags. Use the download tool to save a CSV file. Historical Unusual Options Activity pages are also available (Premier Members only).

Wingman Tracker

Wingman Tracker is an advanced options tracking website that helps traders manage their portfolios effectively. The website provides a wide range of features, including a customizable user interface and advanced reporting tools. Its intuitive functionality makes it an ideal choice for beginners and experienced investors alike.

Wingman tracks and analyzes all your positions for you, so you can focus on your trading. It answers questions like “What’s my breakeven after rolls or assignments?” and “How well is my strategy performing YTD?” It also gives you a comprehensive set of tools that let you import, group, and analyze your trades. You can use custom position tags to organize your positions by trade idea sources, management techniques, or other categories you’re interested in. Simply enter a tag name into the Tags text field on any page and Wingman will apply it instantly. You can then view metrics broken down by those tags to quickly compare performance. You can even filter your open or closed positions by tags. Discover more at https://medium.com/@steven.nash_50478/https-www-storeboard-com-wingmantracker1-1a23be26006f.

Tradervue

Tradervue is a powerful trading journaling tool that offers extensive reporting tools and personalized recommendations. It can help you identify systematic errors that may be limiting your profitability. It also helps you analyze your trading strategies and make changes to improve them. It also includes a unique feature that allows you to share notes with your coach or mentor. It automatically creates price charts on multiple time-frames for all trades recorded in a journal, and you can easily filter and search by tags. It also imports trade data automatically from 80+ online brokers and trading platforms, eliminating the need for manual entry.

Tradervue is a free service, but it offers a paid plan with more features and functionality. The paid version allows you to track up to 100 trades per month and provides a variety of analysis tools. You can also choose to share your trades with the community. Tradervue removes P&L and share volume information by default when sharing a note, but you can display this information if you want to.

Thinkorswim

Thinkorswim is an advanced trading platform that offers robust tools and a comprehensive range of educational resources. Its sophisticated analysis features and streamlined interface make it easy for traders to develop and execute their strategies. It also provides high-quality customer service and a robust regulatory framework. However, its price structure and geographical limitations may deter some traders from using it.

Thinkorswim by TD Ameritrade offers a host of benefits for investors, including $0 commission trading on U.S. exchange-listed stocks and ETFs, plus $0.65 per option contract. It also offers a variety of free financial news and analysis on the left sidebar. The company also offers a wide range of trading accounts, including IRAs and 529 plans.

The company also offers a variety of support services, such as phone and email, and physical offices throughout the country. Its website also includes a feedback form for customers to submit questions and suggestions. However, based on its high-risk nature, Thinkorswim by TD Ameritrade is not recommended by Traders Union experts.

Schwab

Schwab is a leader in online trading and offers a variety of account types. Its website is easy to navigate and offers a number of tools to help investors research their investments. It also features videos and courses on investing and personal finance. Its mobile app allows users to check their portfolios, deposit checks and get breaking news and alerts.

Its flagship app, thinkorswim, is a powerful platform that rivals the top offerings of other brokers. It offers traders a rich palette of market research, including Schwab’s own equity ratings and reports from many third-party providers. It also offers robust screeners and calculators that let users save their screens.

Schwab also offers an ETF select list curated by its own experts and a robust selection of bond funds. Its diversified portfolio builder helps investors create a portfolio that aligns with their financial goals, risk tolerance and time horizon. Its customer support is available via phone, email and online chat around the clock. Customers can also visit one of its branch locations.