Platform Updates

New SmartPricing settings give us more control by allowing us to select multiple options when choosing a Final Price setting so we can automatically use the best price.

Option Alpha's 0DTE backtester includes detailed trade logs to better understand if and why any positions were filtered out of the backtest’s results.

Backtestx include max risk and max drawdown stats to help traders evaluate strategies when comparing backtest results.

The 0DTE backtester includes monthly trade logs to visualize every position's details, giving you full transparency and the confidence of past trade performance.

Combine multiple 0DTE and next day backtests into one portfolio P&L curve to visualize and analyze the cumulative performance of different strategies.

The October 2024 platform release introduces a new Exit Option to manage in-the-money trades, and the ability to backtest positions using ITM values.

The all new 0DTE and next-day backtester lets traders include slippage for entering and exiting positions when backtesting strategies.

Instantly turn any 0DTE or next day options backtest into an automated bot that trades the backtested strategy's exact entry and exit criteria and position settings.

Earnings Edges gives traders a math-based approach to find backtested opportunities based on historical price action post-earning.

0DTE Oracle is a new tool that helps us find and analyze 0DTE and next day trading opportunities.

The new 'Tagged Symbols' input enables us to loop through our tagged symbols inside an automation and link the input to a Find Trade Idea action.

The newest platform release makes it much easier to update our cloned bots to the newest template version inside the bot's settings.

Evaluate your bot position's aggregate beta weight, beta exposure, and total delta in real-time with new decisions that improve automated portfolio management.

Create and share multiple custom watchlists that can be used throughout the platform, including in Bot Symbols. With Bot Symbols, bots sort and filter the selected watchlist automatically before every scan to produce a list of symbols.

We've released a brand new decision to compare a position's breakeven price to the underlying symbol's current price.

A new setting enables traders to schedule scanner automations on specific days and times for increased control when running bots.

Supercharge your bots to scan a 25 ticker custom watchlist and manage up to 25 positions automatically so you never miss an opportunity.

You can now toggle your automation switches directly from the bot inputs window in your bot's settings. Quickly and easily turn your switches on and off with one click.

It's now incredibly easy and efficient to quickly reset your bot's symbols and tags directly in the bot dashboard.

Three new decision actions give you the power to check your position's moneyness -- and by how much it's in or out of the money -- inside any automation.

Two new decision recipes enable traders to check bot and position beta weight for dynamic portfolio management.

The new bot archive function lets you keep bots in your autotrading portfolio and restore them, including all their position history and automations.

A new setting lets you control how many Exit Option order attempts can be sent to your broker in a day, to help avoid being labeled as a professional trader.

Use beta weighting for your bots and positions to give you a powerful new way to manage your options portfolio inside Option Alpha.

Trade Ideas now includes sortable columns for a position's beta and delta, as well as a beta weight metric that shows how the position will impact your portfolio.

Trade Ideas action now includes debit spreads to automate long call spreads and long put spreads inside your bots.

Option Alpha's Trade Ideas now includes debit spreads to give options traders thousands of more trading opportunities when looking for positions.

XSP, the Mini-SPX Index Option, is now available for autotrading with Option Alpha.

Manual position closing now includes the ability to exit only the short legs of spreads and partially close multi-contract positions for increased trade management.

You can now customize your Trade Ideas, Bots, Positions and Screener columns to display the key information you want to see.

The open and closed position pages have been updated to display more of the essential details traders want to see. Plus, the stock's last price is now colorized to quickly show a position's moneyness.

A new decision recipe allows traders to compare key position stats such as EV, Alpha, and more to give you more control of position management.

Trade Ideas now includes a filter option leg open interest. Plus, you can also filter to see the most popular Trade Ideas in the community.

Trade Ideas ‘Presets’ lets you save one or more filters to quickly view all potential trading opportunities with your favorite settings.

Analyze your trading performance and filter live or paper results by strategy type, ticker symbol, account, bot, and tags for in-depth portfolio analysis.

A new calendar displays key dates and market events to give you all the essential information you need before entering a trade.

Export your bot data to easily analyze and compare closed position performance history.

Top Strategies makes it easier than ever to find the best-performing option trading setups using historical data from the Option Alpha community.

We've enhanced the Open Position screen to include Expected Value (EV), Alpha, and more probabilities.

There's a new leaderboard that tracks the top performing bots shared in the Option Alpha community to help you discover new ideas and strategies.

You can now move positions between any two bots that are connected to the same Option Alpha account so you can manage your portfolio with more control and flexibility.

Trade Ideas 2.0 revolutionizes the way you find potential trading opportunities using math and probabilities. Plus, you can now autotrade using Trade Ideas.

With the addition of EV and Alpha, we've expanded Exit Option so you now have more ways to manage your positions.

Let you bots scan a list of ticker symbols and find the best trade idea across up to 10 different symbols.

You can now add notes to any bot to include ideas, updated versions, data, research, links, images, and more. Stay organized and track your strategy insights.

Use Trade Ideas to analyze the entire database of potential trades and sort, rank, and autotrade the best available position based on your defined criteria.

Using pre-trade opportunity filters is always a best practice. This update gives you an easier format to add entry and position criteria for more efficiency and reduced friction in your automations.

Trade Ideas now include additional probability and symbol filters to help you customize your search criteria to find exactly what you're looking for.

New SmartPricing settings empower you to combat wide bid/ask spreads and abnormal price fluctuations.

Two new decision recipes give you added control when targeting specific dates, including FOMC meetings and CPI releases.

Say hello to a more intuitive, easier to use automation editor with color coded actions and collapsible decision blocks.

Exit options now include trailing stops for the most advanced automated position management available.

VXX and UVXY are now available for autotrading. These volatility ETFs provide exposure to the VIX short-term futures index.

The latest update includes two new decision recipes for targeting past earnings dates.

The January 2023 platform release includes new stats and charts to give you upgraded visual tools when monitoring your bots’ activity and key metrics.

In-app help docs and the new 'Get Started' checklist will guide you around Option Alpha to find everything you need to know as an autotrader.

The latest upgrade to Exit Options now supports custom SmartPricing settings for each scenario, plus we added the ability to send Market Orders if you choose.

Create Presets for your Exit Options to quickly reuse custom settings for long and short option positions.

Trade Ideas calculate probabilities for millions of potential options positions using live market data so you can make smarter trades.

Introducing faster position management! Pre-set your exit options when opening a position and let automation manage your position every minute.

Manual trading is getting a huge upgrade. We reimagined the user experience of manual trading to solve problems and simplify your life.

New, interconnected bot logs show you exactly what's happening in your bots and automations. Right where you need them.

Every position now includes an interactive real-time option payoff diagram that uses live pricing to update key metrics and probabilities, so there's no guesswork on your position's current status.

The 0DTE backtester includes technical indicators so we can use multiple entry criteria when researching historical option strategy performance.

Creating a bot has never been easier! The new bot wizard helps you go from idea to automated strategy in a few simple steps.

Unlock new autotrading opportunities with these two decision recipes that evaluate a symbol's open, high, low, or closing price using a specific look-back period.

We’ve improved the bot dashboard significantly in the latest platform update. The equity P/L graph is enhanced so you can now view more detailed bot performance stats. Plus, you can edit your closed positions and order history.

Easily discover and explore targeted Community conversations on specific topics in four main categories.

We’ve expanded the way you can select strike prices. There are now four options for choosing a strike price, so you always have pinpoint accuracy and control of your positions.

Two new updates improve sequencing so you have more control. Bots now have more intelligent decision timing when looping symbols and running automations.

We’ve upgraded standard deviation properties so you can use decimal precision for pinpoint accuracy.

Edit automation paths with negated decisions to save time and increase flexibility.

Intelligently manage your positions with this new decision recipe that evaluates return on risk to exit positions at defined targets.

With this platform update, you have even more control of your bots' event automations. You can now automatically check in on your automations and positions at the beginning and end of every trading day.

Now you can split automation decisions using a recipe to evaluate if the underlying ticker symbol is a stock or an ETF.

Four new decision recipes help you reference a bot’s trade history and active orders. Find out what this means for you and your bots!

Now you can create, add, and remove bot and position tags to take your automations to a whole new level.

Bot errors are divided into two categories to help you identify soft and fatal errors and troubleshoot their impact on your portfolio.

Check out these new updates that are all about improving your experience.

The automations library now gives you more organization and customization in your portfolio.

Bot switches make your automations more flexible by allowing you to turn parts of an automation on or off.

You can loop through symbols to create and scan a watchlist of tickers inside your bots. Learn how this powerful feature lets you apply a single strategy to multiple ticker symbols.

You can now import positions from your brokerage account into Option Alpha for your bots to manage!

You can now specify market days or calendar days in an automation. This new feature gives you pinpoint accuracy and flexibility when making decisions.

The Automation Editor just got a lot better. Now you can customize your automations with improved “choose your path” flexibility.

New bot-level decisions give you more capital and position flexibility when building bots.

Learn how the strike price selection process is enhanced with our new platform update. It’s never been easier to choose the right contract!

New scanner and monitor automation ordering gives you even more customization options for your bots. Check it out!

We've added new platform features to enhance your account management, organization, and portfolio visibility. Check it out!

Order controls got a major upgrade in our latest platform update. Keep reading to learn about all the new improvements!

SmartPricing is Option Alpha’s proprietary technology that uses timed intervals to dynamically adjust pricing to optimize your entries and exits.

The new bot template versioning update keeps your freshest ideas in the spotlight.