Expected Value for Every Options Decision

Before, During, and After the Trade

OptionEV is a probability-driven options platform that helps you find positive EV, manage trades as edge changes, and exit with discipline — using real market data, probabilities, and math.

Analyze Your Open Trade
Find High-EV Trades Scan and price new option ideas Evaluate a Naked Call or Put Strike efficiency & tail risk Optimize a Debit Spread Risk-defined EV & probability

Real-time options market data • Probability-driven modeling

New to EV trading? Start with the tutorial

Hold/Exit EV Analyzer - Evaluate your open trades using EV, trend, IV & time decay
488+
Stocks Analyzed Daily
Real-Time
Options Market Data
Probability
Based, Not Hunches
Free
Core Tools Available

Find Edge. Enter Smart. Protect Edge.

The complete options trade lifecycle: Before, During, and After

During the Trade

Hold / Exit Analyzer

Know when to hold and when to exit — quantify remaining edge using EV, trend, IV, and time decay

Trade Journal

Track open positions and monitor EV changes over time

Analyze Open Trade

Before the Trade

Naked Options Analyzer

Decide if a single-leg call or put is worth taking

Technical EV Analyzer

Evaluate debit spreads using EV + technical confluence

EV Calculator

Manually compare trade ideas using probability-weighted EV

Finding Trades

AI Trade Finder

Scan hundreds of stocks to surface +EV debit spreads

Scan for +EV Trades
Analyze Your Open Trade Find +EV Trades

Managing Trades as Edge Changes

Already in a trade? Our Hold/Exit Analyzer tells you whether to stay or go using EV, trend analysis, and time decay. Edge decays, and the math changes every day.

A trade can be +EV at entry and not worth holding tomorrow.

Hold Score (0-100)

A single score combining remaining EV, probability of improvement, trend, theta, and IV conditions.

Exit vs Hold Comparison

See incremental EV of holding vs locking in profits now. Find the best exit horizon day-by-day.

Remove Emotion

Stop asking "should I hold or sell?" The math tells you exactly what to do with plain-English guidance.

Analyze Your Open Trade

Evaluating Risk Before Entry

See your trade setup overlaid on real price charts. Our EV Spread Analyzer combines technical indicators with probability-weighted EV modeling — a combination most platforms don't support.

Visual EV Zones

See max profit, max loss, and breakeven zones overlaid directly on the price chart for instant clarity.

Technical Confluence Score

Combines EV contribution, trend alignment, and volatility regime into a single actionable score.

Plain-English Summary

Get an ELI5 breakdown of every trade with verdict badges and simple bullet points anyone can understand.

Open EV Spread Analyzer

Finding Positive EV Trades

Use the AI Trade Finder to scan hundreds of stocks for +EV setups, or the EV Calculator to manually assess any trade idea. Compare setups side-by-side and make decisions based on probability math — not gut feelings.

Find +EV Trades Manual Calculator

Why Expected Value Matters

TSLA Debit Call Spread Example

Expected Value (EV) is the statistical edge that separates professional traders from gamblers. It calculates the average profit you can expect from a trade over the long term.

Example: TSLA Call Debit Spread

Cost: $75 per contract

Expected Value: +$10.24 (13.66% ROI)

A positive EV trade has mathematical odds in your favor.

Professional traders rely on probabilities, not hunches. With OptionEV, you'll make decisions based on objective math and stack positive EV trades over time for consistent, long-term growth.

What Traders Are Saying

"Finally, an options calculator that shows me trades with actual positive Expected Value. No more guessing - every recommendation is backed by real math."

Sarah M.
Options Trader

"The real-time analysis across 488+ stocks is incredible. OptionEV found profitable TSLA spreads I would have never considered manually."

Mike R.
Day Trader

"The EV Spread Analyzer is game-changing. I can see my trade setup on the chart with profit zones and get a confluence score before entering. No more guessing if technicals support my trade."

Jessica L.
Portfolio Manager

Frequently Asked Questions

We use probability distribution models with real implied volatility data. EV is calculated based on holding trades until expiration, factoring in all possible outcomes weighted by their probability.

No. Positive EV means the trade is statistically favorable over many repetitions, not that any single trade will profit. Think of it like a casino's edge — they don't win every hand, but they win over time.

Core tools are free to explore. Premium analytics (EV calculations, probability modeling, recommendations) require a subscription. We offer a 3-day free trial to experience the full platform.

EV isn't just about win rate — it's about the ratio of payoff to risk. A trade with 30% win probability can have positive EV if the payout is large enough relative to the cost. These asymmetric setups are where edge is often found.

OptionEV provides tools for the entire trade lifecycle: pre-trade analysis (Naked Options Analyzer, Technical EV Analyzer, EV Calculator), trade discovery (AI Trade Finder), and position management (Hold/Exit Analyzer, Trade Journal).

Ready to Make Better Options Decisions?

Stop guessing — use probability, volatility, and expected value before, during, and after every trade.

Start Free — Analyze an Open Trade Or Scan for +EV Trades