Get a FREE Option Alpha Pro+ membership with a qualifying Tradier Brokerage account
Connect your qualifying* Tradier Brokerage account and unlock Option Alpha at the Pro+ level for free (save $2,400/year) + still get $0 commissions** when trading through Tradier!
2% of your subscription helps bring clean water to families with CharityWater.org
FAQs
Everything you need to know about our plans at Option Alpha. Can't find the answer you're looking for? Please email our friendly team.
Is there a free trial available?
Yes, you can try Option Alpha completely free for 30 days. During your trial you'll have a chance to kick the tires on every part of the platform so you can make the best decision. Plus, there's no credit card required to sign up.
How long is the Tradier promotion available?
This promotion is valid until at least December 31st, 2023. You will enjoy a free Pro+ account if you maintain a qualified* Tradier Brokerage account and have an active integration with Option Alpha.
Can I change my plan later on?
Of course. Our plans can scale with you as you get more comfortable with Option Alpha and your trading needs grow. At any time, you can upgrade to the next level and we'll just prorate the difference.
What is your cancellation policy?
We understand that things change. Rest easy knowing there are never any contracts or commitments, and you can cancel at any time. In fact, we make it easy to cancel your subscription with one-click inside your billing profile.
Do I need to download anything?
No, Option Alpha is a web-based trading platform that runs completely in the cloud which means you never have to download any local desktop software. We're always running, accessible from anywhere.
Can I trade index options such as SPX?
No, SPX as well as other index options are not supported at this time.
Can I start by paper trading?
Yes, 100%. We built our own paper trading engine right here at Option Alpha that comes with every account by default. This means you can always test your ideas and strategies inside your Option Alpha paper trading account before switching to live trading.
Can I backtest bots that I create?
At Option Alpha we believe that backtesting and strategy research comes first, not last. Therefore, we built our platform with the ability to backtest option strategies and then quickly and easily create a bot from a backtest. This helps you focus your time and attention on testing and comparing backtests faster, while giving you the power to spin up new bots from those backtests quickly.
What ticker symbols are supported?
Option Alpha supports more than 350 of the most popular and active stocks and ETFs. Additional symbols may be added to the database based on popularity and liquidity. Click here to view the full list.
What is your refund policy?
We offer a clear refund policy for our traders. This is on top of our full-featured 30-day free trial. Your subscription remains active for the remainder of your paid billing period. Annual plans are refundable within 7 calendar days of an automatic renewal billing.
Is Option Alpha a broker?
No, we are a software service provider that connects to your brokerage. We never charge you extra commissions and your money stays with established brokerage account. See broker integrations more details.
What options strategies are supported?
Long equity (stock) and risk-defined options strategies including; long debit spreads, short credit spreads, iron condors, and iron butterflies. Calendars, diagonals, straddles, strangles are currently not supported.
Do you support traders from Canada?
No. Unfortunately at this time there are no active broker integrations that support Canadian traders. However, you can still use Option Alpha for backtesting, finding new trade ideas, and paper trading options strategies while using email notifications to help alert you to trades you can place manually.
Is there a mobile app?
Not at this time. Developing a mobile app is on our roadmap for the future but there's no firm ETA yet.
Do I need to know how to code?
Nope, you don't need to know how to code or program to use Option Alpha. Our entire platform was built with a no-code framework which means everyone can learn how to use bots and automations with no prior experience.
Do you offer accounts for Professional subscribers?
Not at this time. Currently, the platform is only intended for use by Retail, non-professional investors as defined by the NYSE.
When will new broker integrations be added?
We're always working to add new broker integrations and expand our offering for our traders. Please make sure to review our full list of integrated brokers and add your vote to help us bring more connections to Option Alpha.
I have more questions...
Great! We'd love to help answer your questions and make sure that Option Alpha is the right choice for you. Feel free to contact us via email and we'll help point you in the right direction.
Option Alpha calculates probabilities for millions of potential options positions using live market data so you can find new ideas without the guesswork.
