CoSupport AI
What is Option Alpha?
Option Alpha provides a comprehensive platform for options traders seeking to enhance their performance through automation. The platform includes tools for identifying and backtesting trading strategies, including specialized features for 0DTE and next-day trades on SPX. It helps traders visualize future price ranges, provides backtested earnings report trade ideas, and presents pre-calculated trading opportunities.
The platform automatically monitors positions, offering a live, interactive options payoff diagram. It supports risk-defined options strategies including long debit spreads, short credit spreads, iron condors, and iron butterflies.
Features
- 0DTE Oracle: Find and backtest 0DTE and next day trades for SPX.
- Price Range Visualization: Visualize future price ranges and earnings dates.
- Earnings Edge: Backtested trade ideas for earnings reports.
- Trade Ideas: Find new trade ideas based on math and probabilities.
- Options Payoff Diagrams: Visualize the payoff of any position.
- Automated Position Monitoring: Automatically monitor positions every minute.
Use Cases
- Backtesting options strategies
- Finding new trade ideas
- Automating trade execution
- Monitoring open positions
- Analyzing earnings report opportunities
- Visualizing potential trade outcomes
FAQs
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Can I paper trade with Option Alpha?
Yes, 100%. We built our own paper trading engine so you can paper trade as much as you want right inside Option Alpha without having to connect to a brokerage. -
Does Option Alpha charge commissions?
Option Alpha is not a broker. We are a software service provider. We will do not charge you commissions of any kind. -
Can I cancel at any time?
Yes, you can cancel at any time and there are never any contract commitments. -
Is there a free trial?
Yes, you can try Option Alpha completely free for 30 days. -
Do I need to know how to code?
Nope - never! Option Alpha requires no coding experience.
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Option Alpha Uptime Monitor
Average Uptime
100%
Average Response Time
116.6 ms
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