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Last year, we launched our Custom Strategy Scanner. It’s a unique feature that lets you scan the entire market for option strategies built around your exact assumptions.

In this update, we focus on how that flexibility applies to the classic covered call. By adjusting the number of shares behind the call, whether fewer or more than 100, you can change the risk profile, capital usage, and how the trade behaves under different market scenarios.

Here’s what we included in this update: 

📖 Read more on our blog
🔍 Learn more about the ​Custom Strategy Scanner
​

As we close out 2025 and look ahead to a new year of opportunities, we hope your trading journey this year has been both productive and rewarding. With the holidays approaching 🎄, we've been putting the finishing touches on the platform to deliver a smoother experience and more powerful tools.

Before we step into 2026 with even bigger updates, here's what we included in this final release of the year:

Read more on our blog post.

When quality stocks dip, many traders buy calls or sell puts, but there’s a smarter way. The Long Risk Reversal helps you balance cost, risk, and upside potential by selling a put and buying a call - often with little or no upfront cost.

🎥 Watch our new YouTube video
to see how to set it up, manage risk, and find trades using the Custom Strategy Scanner (includes a live example).

📰 Prefer reading? Check out the blog post
📊 Premium users can also use the predefined scan to find setups instantly.

Last quarter, we introduced a game-changing feature: the Custom Option Strategy Scanner, which you won't find anywhere else. Three months have passed, and we have continued to work hard on improving the software. In this version, we've continued to enhance the custom scanner while also adding several new tools and improvements to make your trading even more powerful and flexible.

Read more about the version (which is live) on ​our blog post​.

​​Naked puts are popular because they give a high probability of profit. However, if the stock is very bullish, you will miss out on the gains from the stock moving up.

That’s where the Adjusted Risk Reversal comes in. By selling 2 out-of-the-money puts and buying 1 out-of-the-money call, you keep the same premium-collecting structure but add unlimited upside potential. The trade usually opens for a credit, so you still have a high-probability setup.

The downside risk is similar to a naked put: losses grow quickly if the stock falls below the strike. But the difference is clear - if the stock rallies, your profits grow without limit.

We put together a guide showing how the Adjusted Risk Reversal works, when to use it, and a quick example on QQQ. You’ll also find a predefined scan to start spotting these trades in seconds.
📖 Read the blog post
📈 Use the predefined scan (premium users)

This strategy highlights the power of our Custom Strategy Scanner - letting you go beyond the basics and find setups that fit your exact market view.

The ZEBRA (Zero Extrinsic Back Ratio) strategy gives you almost 1-to-1 exposure to stock movement, but with limited risk and reduced cost.
It's especially useful when trading strong stocks that are trending higher: you retain the upside while defining your downside.

Instead of just buying shares or long calls, the ZEBRA offers a unique blend of both, giving you a breakeven point very close to the current stock price and defined risk. You achieve this by buying two calls in-the-money and selling one call at-the-money, so you sell away all the extrinsic value but still keep one extra call option.

We've recently created educational materials to help you learn, analyze, and trade zebras more effectively. Our blog posts have theoretical materials, use-case examples, and a predefined scan you can use to get started quickly.
📖 Read the blog post here
📈 Click here for the predefined scan (premium users)

This feature utilizes our custom option strate​​gy scanner, which we recently released, allowing you to scan for any strategy you can think of and find trades that you wouldn't be able to find otherwise. After you played around with the Zebra, I suggest trying this feature more.

Another quarter has passed, and we're excited to roll out the latest version of Option Samurai, which this time includes really unique features and improvements. The quarter began with high volatility around 'Liberation Day,' but sentiment quickly shifted, and markets rallied. No matter the market direction, our goal remains the same: to help you trade options with confidence and clarity.

What are the new features for this version?

Read more in our blog post.

We are happy to announce that Dark mode is now available for all our users. After testing, it's ready to be released and will be part of the Q2-2025 version (along with other amazing features).

This feature is available for everyone. Go to Settings > Appearance and switch between light and dark themes anytime.

The new year brings new improvements! In Q1 2025, we're rolling out updates to make Option Samurai more powerful, flexible, and user-friendly. These features will allow us to deliver even more value later this year (so stay tuned).

Here's what's new:

These upgrades give you more flexibility, better insights, and a faster workflow. Read more on our bl​​og post.

Many traders watch 52-week highs and lows closely. Stocks breaking to new highs often signal strength, while those hitting lows may indicate weakness. But do these patterns actually offer an edge?

In our latest blog post, we backtested a strategy using options to capitalize on these breakouts and breakdowns. We analyzed how stocks behaved after reaching these key levels and provided a backtest file (free of charge) so you can explore the results yourself. Plus, our predefined scans make it easy to find potential trade opportunities a​​nd apply this strategy to your trading.

Read more in our article: Use a Backtest to Build a 52-Week High or Low Options Trading Strategy [Free Backtest File]