- SI Score
- 74/100
- Pricing
- Freemium
- Free plan
- Not confirmed
- Sign-up required
- Not confirmed
Ask SI about Option Alpha
Answers use saved listing facts and recorded sources.Homepage screenshot
What it does
Option Alpha is a platform for options traders. It lets you define entry and exit rules, backtest variations, and run bots that enter and exit positions automatically. It connects to TradeStation, tastytrade, and Tradier, and includes free educational tracks.
Option Alpha is built for options traders who want to automate rule-based strategies. You can start with a custom plan or browse backtested plans from other traders, then test variations before running a bot. Bots enter and exit positions based on your rules, which can reduce screen time and emotion. Trade Ideas are ranked by expected value. The platform connects to TradeStation, tastytrade, and Tradier. Free access depends on a qualifying account with one of those brokers, and each has its own minimum balance. A Pro plan is also listed. Paper trading is available without connecting a broker. The site does not state whether an API or open source code is available.
- Automates options trades with rule-based bots
- Backtesting and educational tracks are included
- Paper trading is available without a broker
- Free access requires a qualifying broker account
- Broker integrations are limited to TradeStation, tastytrade, and Tradier
- No public API or open source details are stated