ComparisonUpdated 2025

Thinkorswim Alternative

Modern options analytics vs. the legendary broker platform

Quick Pricing Comparison

ImpliedOptions Free

$0

ImpliedOptions Pro

$24/mo

or $189/yr

ImpliedOptions Premium

$39/mo

or $351/yr

Thinkorswim

Free with TD account

Check current pricing →

ImpliedOptions vs Thinkorswim: Key Differences

Where ImpliedOptions Shines

  • Cleaner, faster interface designed for quick analysis
  • Cross-broker IV analytics - not locked to one broker
  • Superior IV Rank and IV Percentile tracking
  • Modern options flow with sentiment analysis
  • Backtesting with guided workflows
  • No broker account required to access data

Where Thinkorswim Excels

  • All-in-one broker platform with execution
  • Powerful thinkScript scripting language
  • Paper trading with realistic fills
  • Comprehensive options chain with Greeks
  • Free with TD Ameritrade account
  • Advanced order types and execution

Based on publicly available features. Visit Thinkorswim for current details.

Who should choose ImpliedOptions?

Multi-Broker Traders

You use multiple brokers and need platform-agnostic analytics.

Speed Seekers

You want quick IV checks without loading a heavy platform.

Flow-Focused Traders

You prioritize institutional flow data over execution tools.

Frequently Asked Questions

Should I use ImpliedOptions instead of Thinkorswim?

They serve different purposes. Thinkorswim is a broker platform for execution. ImpliedOptions is an analytics tool for research. Many traders use ImpliedOptions for analysis and then execute in their preferred broker.

Can I execute trades through ImpliedOptions?

ImpliedOptions is an analytics platform, not a broker. You use it for research, IV analysis, and flow tracking, then execute trades through your broker of choice (TD, Schwab, IBKR, etc.).

Is Thinkorswim still free after the Schwab merger?

Yes, Thinkorswim remains available to TD/Schwab customers. ImpliedOptions offers a free tier as well for basic IV analytics.

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Thinkorswim Alternatives & Comparison (2025) | ImpliedOptions vs Thinkorswim | ImpliedOptions