2026-03-21
New Version
Option Samurai Q1 2026 Update - Trade Charts, Mobile UX & Free Options Cheat Sheet


The beginning of 2026 has already brought significant geopolitical developments that are influencing market behavior. Through changing conditions, we continue to release updates every quarter, with a focus on improving the tools you rely on. In this version, we focused on giving you more control over trade analysis, a smoother experience across devices, and better educational resources to support your trading.

Here's what we've added in this version:
  • Advanced trade chart controls to explore P&L across price, IV, and DTE scenarios
  • Resizable table columns across the screener
  • Major mobile experience improvements for trading on the go
  • Rebuilt blog with new widgets and improved content structure
  • Free options cheat sheet covering 15 strategies, Greeks, and market conditions
  • General bug fixes and improvements
Read more about the version (which is live) on our blog post.
2026-03-16
Blog
Options Cheat Sheet
We've just published a cheat sheet aimed at beginners to help them get started and use during their trading. This free options strategies cheat sheet covering 15 key strategies (from long calls to iron condors) plus the Greeks explained with examples. Use this option strategy cheat sheet as your go-to quick reference before every trade.



2026-02-23
Blog
Plan Your Wheel Strategy Several Moves Ahead

The Wheel Strategy is one of the most popular option strategies, but the traders who get the most out of it plan several moves ahead before entering the first trade. We shared a video walkthrough showing how to evaluate and set up each leg of the Wheel with confidence.

Here's what we covered:
  • How to evaluate a stock before selling the put (using dividend yield, P/E at the strike price, and long-term hold comfort)
  • How to plan your covered call leg before assignment even happens
  • An advanced variation (the covered straddle) that can boost yield on stocks you're bullish on
  • How Option Samurai's built-in scans, filters, and benchmarks support each step
In our video on the topic, we break down how to plan your Wheel Strategy from start to finish:

2026-01-22
Blog
Covered Calls Aren’t Just a 100-Share Strategy.

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: 
  • A practical breakdown of covered calls with fewer or more than 100 shares
  • A comparison of how these variations behave across different market scenarios
  • Key trade-offs between capital efficiency, downside risk, and upside participation
  • How to find and build these setups using the Custom Strategy Scanner

2025-12-09
New Version
Option Samurai's Year-End Version: Q4 2025 Release

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:
  • Quality of life improvements across the screener, trade log, and for Mac users
  • Improved tutorial across the website
  • New Data Points - Put/Call Ratio and Earnings Yield Ratio
  • Ability to screen for strategies with a delta above 1 or below -1
  • New predefined scan for a risk-defined risk reversal
  • New research on the statistical significance of the Santa Rally, plus a Colab notebook

2025-10-26
Video
Buy the Dip Smarter: Long Risk Reversal Strategy 📺
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.
2025-09-27
New Version
Option Samurai Q3 Update – Saved Scan Lists, Predefined Scans & OI Backtest

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.

Here are what we've added in this version:
  • Create lists of saved scans to organize your scans
  • Added new predefined scans and Excel templates
  • Backtest: how to use our OI report to gain an edge
  • Site improvements (better blog on mobile, and new pages coming soon)
  • Bug fixes and minor improvements
Read more about the version (which is live) on our blog post.


2025-08-18
Blog
Premium + Unlimited Upside: Meet the Adjusted Risk Reversal


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.

2025-07-22
Blog
📈 How to Get Full Upside Exposure with Limited Risk (ZEBRA Strategy)

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 strategy 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.

2025-06-22
New Version
Option Samurai Q2 -2025 - Custom Option Strategy Scanner

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?
  • Custom option strategy scanner (unique)
  • Dark mode
  • Improved internal tools for support
  • Bugs and minor improvements.

Read more in our blog post.