A stabilizer for a hand-held optical device includes a gyroscope assembly suspended below a base assembly, and a handle pivotably attached to the base assembly. The optical device, which may be a video camera, mounts to the base assembly. The gyroscope assembly has two or more rotatable members that pivot independently to stabilize the optical device about two or more axes of rotation whenever the user moves the stabilizer. A rigid strut connects the gyroscope to the base assembly such that the centers of rotation of the rotatable members are co-linear with a longitudinal axis that extends the handle.