Option Alpha

Option Alpha is a platform for systematic options trading. Traders build a rules based trading plan, test it against historical data, and hand execution to automated bots that open, manage and close positions in a connected brokerage account. The stated aim is to take guesswork and emotion out of options trading by making the plan explicit before any order is placed. It serves options traders from beginners to experienced practitioners. Strategy discovery gives access to thousands of community built, backtested trading plans. The backtesting engine runs variations of a strategy against historical data. Trade Ideas ranks opportunities by expected value. Bots automate entries, exits and position management without manual intervention, and paper trading is available on every plan. Supported brokers are TradeStation, Charles Schwab, Tradier Brokerage and tastytrade. A free education library covers beginner, intermediate and advanced tracks, alongside a podcast, strategy guides and a trader handbook. Pricing is published. The Pro plan costs $99 per month billed annually or $149 month to month, works with any supported broker, has no minimum balance and includes 50 bots, a $100,000 limit per bot and unlimited backtesting. Three broker sponsored plans are free with a qualifying account: TradeStation with a $10,000 minimum balance, and Tradier or tastytrade with a $5,000 minimum balance, each with the same 50 bots, per bot limit and unlimited backtesting but restricted to trading through that broker. A 30 day free trial requires no credit card.