Understand your options trade before the market tests it.
TradeVoyance uses proprietary institutional-grade models to grade how your trade is built and how well it fits your goals. Explore comprehensive analytics, optimize your strategy and trade structure, and model potential outcomes using a market-implied probability distribution built from the full option chain to reveal what the market as a whole implies about your trade’s potential P/L.
3 free trade ratings a day. No account required.
Turn your trade idea into a clear plan.
Open your rated trade in the calculator with one click, then send it back for another rating as you refine it.
What am I trading?
Start with your trade
- Your input
- Paste your trade, upload a broker screenshot or CSV, or enter the legs. Add your outlook and goals for a more relevant review.
- Our insight
- Confirm the legs and identify your position across 92 supported strategies.
Rate My TradeNo account neededDoes the trade fit my plan?
See how it scores
- Your input
- Confirm your trade and select Rate.
- Our insight
- Seven category scores based on an institutional scoring framework, one overall grade, and a written review of your trade’s strengths and weaknesses.
Trade report3 free ratings a dayIs there a better way to build it?
Optimize my trade
- Your input
- One click and our analytics engine finds the best strategy for your goals and optimizes strike deltas, DTE, and wing width.
- Our insight
- Your optimized trade and up to six ranked alternatives with return potential, probability of profit, and risk.
Optimize trade tabFree accountWhat if the market moves?
Model the outcomes
- Your input
- Open the calculator and adjust price, date and volatility.
- Our insight
- Explore potential P/L, Greeks, EV, odds from the full chain, and a price-by-date heat map.
Profit calculatorNo account neededWhen should I act?
Plan your next move
- Your input
- Review your trade’s management guidance and add your exit criteria.
- Our insight
- Suggested actions, key risk levels, failure states, monitoring triggers, and timing windows, plus saved trade history when signed in.
Report and trade historyFree account to save trades
Understand the strengths and weaknesses of your trade.
Our institutional scoring framework evaluates seven dimensions of your trade against strategy-specific benchmarks. Get a weighted grade and a comprehensive review explaining where the trade works, where it falls short, and how it fits your goals.
Strategy Fit
example score 88“Does the strategy fit my goals?”
What we assess. Applies our proprietary framework to measure alignment with your purpose, outlook, volatility view, time horizon, and risk tolerance.
Example. This butterfly targets a modest rise above $700, with defined risk and limited movement.
Find another way to trade your view.
The Optimize trade tab re-prices your idea as other strategies on the option chain from the session you entered. See how changing your priorities or assumptions affects your potential return, probability of profit and capital at risk.
| Measure | Your trade | Bull call spread |
|---|---|---|
| Legs | Buy 700C / Sell 2× 720C / Buy 740C | Buy 700C / Sell 720C |
| Cost to open | $400 debit | $780 debit |
| Max profit | $1,600 | $1,220 |
| Max loss | $400 | $780 |
| Return on risk | 400% | 156% |
| Est. chance of profit | 34% | 39% |
| Profits at expiration | $704 to $736 | Above $708 |
Why consider it? Keeps the bullish outlook with a wider maximum-profit region at expiration.
- Reaches maximum profit at or above the upper strike.
- Costs about twice as much, with a lower maximum profit and return on risk.
- Offers a slightly higher estimated probability of profit.
- Choose your market outlook.
- Set a target price, budget and expiration.
- Adjust the balance between return potential and probability of profit.
- Uses listed strikes and bid/ask midpoint prices.
- Surfaces the top-ranked build in each family, up to six alternatives.
- Ranks the candidates by your chosen return and probability balance.
- Compare return potential, maximum profit, probability of profit and capital required.
- Review expected value and buying power side by side.
- See a projected grade where a build has been priced and scored.
This example compares three selected structures at a flat 16% volatility. Compare alternatives using recorded market quotes or optimize strikes within a strategy you choose.
See what your trade could be worth before expiration.
Change the price, date and volatility to explore potential P/L throughout the trade. The full calculator pairs scenario analysis with market-implied probabilities, so you can compare your expectations with the outcomes priced into the option chain.
- Modeled P/L if closed on day 15
- +$233
- P/L at expiration, same price
- +$1,100
With 15 days left, time value keeps the butterfly below its $1,600 expiration peak. Reaching that peak requires a finish at the $720 body.
This demo uses Black-Scholes with a flat 16% volatility and a hypothetical SPY price of $700. The full calculator uses each leg’s quoted volatility from the prior session and builds a skew-aware probability distribution from the full chain.
Have a plan for what happens next.
Get management guidance tailored to your position, with key risk levels and timing windows to review before the market moves. Save your trades to track grades, exits and outcomes over time.
- Management priorities, suggested actions, monitoring triggers, and thesis conditions to watch.
- Key price levels and timing flags for gamma exposure, time decay, break-evens and maximum-profit zones.
- A management timeline highlighting decision windows, assignment exposure, and pin risk.
- Your own exit criteria: profit target, price level, loss limit, volatility change or time limit.
- Save rated trades and compare grades as you reassess them.
- Review recorded exits with realized P/L, return on risk and holding period.
- See expiration outcomes estimated from the underlying’s closing price.
- Explore guides on taking profits, managing losses, adjusting and rolling.
Before you get started
How do I add a trade?
Paste the legs, upload a broker screenshot or CSV, or enter the trade manually. Confirm the details before rating. Add your outlook, goals, time horizon and risk tolerance for a more relevant Strategy Fit score; unanswered goals are left out.
Is TradeVoyance free?
Yes. Rate up to 3 trades a day and use the calculator and earnings calendar without an account. A free account adds saved trades, strategy and strike optimization, and Learn guides. There is no paid plan.
What does the trade grade measure?
The grade measures construction and fit across seven weighted categories, with Strategy Fit carrying the most weight. It helps identify strengths and weaknesses in the position. A high grade does not predict profit; a low grade alone does not determine whether to close.
How is the grade calculated?
Strategy-specific scoring rules determine the seven category scores and overall grade. An AI-assisted review then explains the result, outlines management considerations and discusses alternatives.
What does an optimized trade mean?
It is a top-ranked candidate based on your priorities and the option chain used for analysis. Compare its return potential, estimated probability of profit and risk with your original trade. Rankings are relative, prices can change, and a higher ranking does not guarantee a better result.
What do market-implied probabilities tell me?
They translate prices across the full option chain into a model of potential outcomes. The distribution accounts for differences in implied volatility across strikes, so its estimates reflect how the options market prices risk. Compare those estimates with your own expectations; they do not predict what will happen.
How current is the market data?
TradeVoyance uses recorded option quotes. The calculator uses the prior trading session’s chain; ratings use quotes for your entered trade time where available. Treat modeled values as estimates based on that data, rather than live executable prices.
Does TradeVoyance place trades or backtest strategies?
TradeVoyance provides trade analysis, scenario modeling and a record of the positions you rate. Place orders through your broker. Historical strategy backtesting, broker execution and live position alerts are not included.
See how your next trade holds up.
Bring a trade you’re considering or already hold. Get a grade, understand the trade-offs, and explore what could happen next.
3 free ratings a day. No account required. Analysis uses recorded market data.