OptionsAI.com is a platform designed to help investors make informed decisions and manage risk in the options trading market.
The platform uses advanced algorithms to analyze market data and create customizable options trading strategies that aim to achieve financial goals while minimizing risk.
These are displayed in simple boxes that show a PnL graph, potential profit, max risk, and probability of profit.
Contents
Introduction
Options AI offer a user-friendly interface, risk management tools, access to real-time market data, pre-built strategies, and educational resources such as webinars and a comprehensive knowledge base.
The platform caters to investors of different experience levels and budgets, offering various subscription plans.
OptionsAI.com aims to empower investors to make smarter decisions and achieve greater success in the options trading market by providing sophisticated tools and a supportive learning environment and all for $19/month.
In Addition, if you want to streamline your experience, you can also apply for a brokerage account right through them and link everything together.
Features of Options AI
As mentioned above, OptionsAI offers many features and tools that make options trading more user-friendly.
After looking through their site, testing some of their tools, and reading through their FAQs, here are five amazing features of OptionsAi.com.
Visualization of Trades: OptionsAI.com uses advanced algorithms to help the trader identify some potential spread trades on a particular equity.
While you can visualize a regular purchased put or call, they bill themselves as more useful for finding spreads to fit your needs.
You can select whether you want “All” options trades or Income(the feature is still in the works at the moment), whether you are bullish, bearish, or neutral, the type of spread you want to execute, and the size of the trade.
It then produces a chart with a quick visual of where you make money and where you lose it.
And you can do all from a smooth dashboard that moves us into our second feature!
User-friendly interface: The platform has an incredibly user-friendly interface.
It looks like a phone app on a website. It is very simple in design but incredibly effective in execution.
All the options are clearly marked, there are no hidden menus, and most importantly, all of the options data is front and center.
Even someone who is not completely computer literate will have no problem using the site.
Risk management tools: OptionsAI.com provides risk management tools that help investors manage their risk exposure in the options trading market.
These tools can help with position sizing, visualizing losses and gains, and a portfolio tool that allows you to duplicate your trades if you do not use OptionsAI as your brokerage.
Scanner Tool: A lot of tools and apps have scanners built into them, but the OptionsAi one feels and operates a bit differently.
You select from a host of pre-defined scanners such as gainers, losers, Unusual volume, sectors, and others, or add your own symbols to the scan.
It will then walk you through comparing the same trade on each stock.
It is an incredibly useful tool, especially if you are curious about whether you are placing the best trade on the best stock for a given set of parameters.
This is truly a one-of-a-kind tool currently on the market.
Educational resources: OptionsAI.com offers a range of educational resources to help investors learn more about options trading and make informed decisions.
These resources include webinars, a comprehensive knowledge base, and other educational materials.
The platform is designed to be accessible to investors of all experience levels, from beginners to advanced traders.
They help guide you through the process of getting comfortable with spreads and options in general and walk you through how to use the products on their site.
Also tangentially connected here is their customer service.
I had a small issue getting everything set up, and they responded and fixed the issue within a few hours of my sending the email.
Price: Finally is the price; as far as trading tools are concerned, $19/month is a steal for a tool of this magnitude.
It’s possible, and likely, to spend significantly more on less when you are getting started.
It’s common for new traders to hesitate to spend anything more than the bare necessities when starting, but this is well worth the small monthly investment.
Drawbacks of The Platform
As with all tools, nothing is perfect.
There are a few drawbacks to the site, but nothing that is so large that it is worth not using it.
It is just fair to mention both the good and the bad of a product.
Commissions: This first drawback is not even really a function of the tool itself.
The commissions through their brokerage account are flat rate, which means you pay the same regardless of how many options contracts you open or close.
At the time of this writing, it is $5/trade for unlimited contracts for options + obligatory reg fees.
In the age of commission-free trading, this is considered expensive for a lot of new traders.
It is worth noting that this is only a drawback if you are trading a smaller account size.
Once you cross the 5-10 contract mark, it can become savings when compared to some other brokers.
There are a few more things to note on this; first, you get what you pay for.
Commission-free trades are great, but those brokers are making up the profit somewhere. In the case of many of the popular apps, it’s through selling your trades to HFT firms.
This is not an illegal practice, but it doesn’t put you in complete control of your orders. Second is that if you plan on trading stocks, those are commission free + the reg fees.
So that is in line with many of the more popular apps.
The rest of their fees are in line with industry standards.
Spread Options: The other drawback is the limited number of spreads available through the platform.
As of this writing, there are only call spreads, put spreads, iron condors, and butterflies available.
This can more than likely be attributed to the fact that these are among the most popular spreads.
It would still be nice to see some other options available in the future.
Wrapping It Up
In conclusion, OptionsAI.com is an excellent platform designed to provide investors with sophisticated tools and educational resources to make informed decisions and manage risk in the options trading market.
The platform’s advanced algorithms, user-friendly interface, risk management tools, scanner tool, and educational resources make it an attractive option for investors of all experience levels and budgets.
With a low monthly subscription cost of $19 and the option to streamline the experience through their brokerage account, OptionsAI.com provides a valuable service.
While there are a few drawbacks, such as commission fees and limited options for spreads, they are minor and should not deter investors and traders from checking out the platform.
Overall, OptionsAI.com is a fantastic tool for investors looking to succeed in options trading.
We hope you enjoyed this Options AI review.
If you have any questions, please send an email or leave a comment below.
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
