Software Alternatives & Startups

Officially verified details OptionsCone

The option chain as heatmaps on the price chart: probabilities, premium, liquidity and positioning by strike and expiry, next to the stock's realized moves. Free for Windows, Pro available.

OptionsCone

OptionsCone Reviews and Details

This page is designed to help you find out whether OptionsCone is good and if it is the right choice for you.

Screenshots and images

  • The full app: probability cone over the price chart, with the controls //
    2026-10-29
  • Implied vs. realized: where option prices assume more or less movement than the stock has shown //
    2026-10-29
  • Volume by strike and expiry: where the trading happens //
    2026-10-29
  • GEX heatmap with the gamma flip and the call and put walls //
    2026-10-29

Features & Specs

  1. Probability cone

    The probability that each strike is touched before expiry, or finishes beyond it, from option prices.

  2. GEX heatmap

    Where dealer hedging can slow moves down or speed them up, with the gamma flip and the call and put walls.

  3. Option heatmaps

    Implied volatility, open interest, volume and bid-ask spread for each strike and expiry, at a glance.

  4. Realized odds 5y and 10y

    Touch and expiry odds from industry-standard probability models built on the stock's realized moves.

  5. Light and dark mode

    Comfortable to read in any light.

  6. Automatic Updates

    New versions install with one click, and your tickers and settings are kept.

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Questions & Answers

As answered by people managing OptionsCone.
  1. What makes OptionsCone unique?

    OptionsCone shows a stock's options as a probability cone directly on the price chart, so every strike and expiry is visible at once instead of in a table. It puts the odds from option prices next to the realized odds from the stock's own moves of the last five and ten years, so you can see where the market prices in more or less movement than the stock has shown.

  2. Why should a person choose OptionsCone over its competitors?

    Most options tools show a chain as a table or a profit-and-loss chart for one trade. OptionsCone shows the whole picture as heatmaps on the price chart, and compares option prices with the stock's realized moves. It runs on your own computer, keeps every chain you download in a local archive, and the free version already covers the probability cone and all option-price maps.

  3. How would you describe the primary audience of OptionsCone?

    Option sellers, such as covered call, cash secured put and credit spread traders, who want realistic odds, premium, liquidity and positioning for each strike. Also stock holders who want to know how likely a price target, a stop level or a break-even is to be reached.

  4. Which are the primary technologies used for building OptionsCone?

    A Windows desktop app built with Python and a compiled Rust core for the calculations, with a web-based interface.

  5. What's the story behind OptionsCone?

    OptionsCone grew out of a study on stop losses in September 2026: how often is a stop level hit, and how does that compare with what option prices imply? Turning those odds into a picture on the price chart became the probability cone. It is built by Nikolai Alexander, who has worked on quantitative research on financial markets for over ten years.

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Is OptionsCone good? This is an informative page that will help you find out. Moreover, you can review and discuss OptionsCone here. The primary details have been verified within the last quarter. So they could be considered up to date. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.