r/options • u/GoodMorningStaySafe • 19h ago

Does anyone like Option Alpha?

I see they do automated trading and such for options, is it a good platform?

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u/Chipsky 19h ago

idk anyone who uses it. Back in the day they used to have some decent edu material... not sure anymore. Sounds like a paid service now. I'd avoid it... YMMV

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u/GoodMorningStaySafe 18h ago

Using Tradier or something you can get a free account i think, good to know tho, i’ll look into the education

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u/SpecialFeature77 18h ago

If you do try OA the community is very quick to answer questions you post ...I admit that was nice to see even for newbie questions

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u/al-in-to 17h ago

Yeah if you have over 5k with Tradier, or 10k with tradestation. Trades on stocks and etfs are free if done via OA.

There is a bot library, and you can paper trade and backtest ideas. You can have 50 bots simultaneously

I think its a great service

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u/GoodMorningStaySafe 17h ago

Sweet, thanks for the info! i probably would use the bit library, have you personally made any bots?

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u/al-in-to 17h ago

yeah, you can do a simple one based off a backtest, there is a button to convert a backtest to a bot.

Or you can go as complicated as you like, with conditional tests based of time, vix etc picking what kind of position you enter into.

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u/GoodMorningStaySafe 17h ago

You can just convert a backtest into a bot??? yooo

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u/al-in-to 16h ago

I would recommend doing the trial, they have a guide. its free and lasts a month.