Option Omega Pricing
Pricing
Institutional quality, priced for retail
Start with Essential to backtest, or go Premium to backtest, optimize, and automate. Change tiers anytime from the billing portal.
Lite
Modeling
$24.99/mo
billed annually, trial available
Start with Lite- Instantly visualize any strategy - with live payoff diagrams & full greeks
- Drag strikes & expirations and watch P&L, breakevens, and risk update in real time
- No spreadsheets, no math — see exactly how much you can make or lose before you ever trade
- Cancel Anytime
Essential
Backtesting
$49.99/mo
billed annually, trial available
Start backtesting- Backtest the most liquid symbols, including SPX, SPY, QQQ, IWM, AAPL, MSFT, AMZN, NVDA, TSLA, TLT, GLD, and IBIT
- Unlimited Tests
- Combine Multiple Tests Using Portfolios
- 10 Backtest Optimizations per Day (50 tests each)
- Cancel Anytime
Plus
Backtesting + Modeling
$74.99/mo
billed annually, trial available
Start with Plus- All Lite Features
- All Essential Features
- 10 Backtest Optimizations per Day (50 tests each)
- Cancel Anytime
Premium
Trading + Backtesting + Modeling
$249.99/mo
billed annually
Start automating- All Plus Features
- 250 Backtest Optimizations per Day (500 tests each)
- Trade the most liquid symbols including SPX, SPY, XSP, QQQ, IWM, AAPL, MSFT, AMZN, NVDA, TSLA, TLT, GLD, and IBIT
- 100 Opening Automation Executions per Day
- Cancel Anytime
Plans & billing
Questions about plans
Trials, switching tiers, cancelling, and monthly versus annual billing.
Browse all questionsWhat plans are available?
Four tiers: Lite (modeling), Essential (backtesting), Plus (backtesting + modeling), and Premium (trading + backtesting + modeling). Premium includes everything. You only ever need one active subscription.
Can I upgrade, downgrade, or switch plans later?
Yes, anytime, from the self-service billing portal in the web app (Settings → Billing). When you change tiers your existing subscription is prorated and discounted against the new one.
Can I cancel anytime?
Yes. Manage or cancel your subscription in Settings → Billing → Manage Subscription. If you're on the Premium tier, remove your broker connections, pause new trades, and close existing positions before downgrading.
Is it monthly or annual?
Both. Pay month-to-month or save with annual billing. There's no long-term contract, and you can switch between monthly and annual from the billing portal.
What is Option Omega?
Option Omega is an options trading platform with three connected products: Modeling to visualize any strategy, a powerful Backtester to pressure-test it against real historical data, and Automation to trade it live across your brokerage — all in one place, with no code.
Is there a free trial?
Yes — a 7-day free trial is available on the Lite, Essential, and Plus tiers (Premium is not included). The trial has every parameter the paid plan has, with two limits: historical data covers the previous three calendar years, and Optimizer usage is limited during the trial. Be sure to click the 7-day Free Trial button at checkout rather than the Choose Subscription button.