Tradivex
Back to Home
OA

Option Alpha

Options Trading

Option Alpha is a pioneering options trading automation platform founded in 2014 and headquartered in St Petersburg, Florida. The platform enables traders to find opportunities, backtest ideas, and automate options trading strategies without requiring any coding knowledge. Option Alpha's mission is to make options trading data-driven and process-oriented rather than based on guesswork. The platform offers several innovative tools including Trade Ideas for finding trades with positive expected value, 0DTE Oracle for next-day trading analysis, comprehensive backtesting capabilities, and bot automation for strategy execution.

Data status: partially verifiedLast verified: 2026-08-20Provider website

Tradivex does not independently verify every listing. Confirm fees, licence details, eligibility, and availability before using a service.

Catalog tags

Options traders seeking automation Algorithmic traders Backtesting enthusiasts Systematic traders Options strategy developers Traders wanting no-code bot building with broker integration
Visit Website Compare

Risk Warning

Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.

Key Features

No-code bot building
Automated options trading
50 bots per account
Unlimited backtesting
Paper trading engine
Trade Ideas scanner
0DTE Oracle analysis
Bot templates
Natural language automation recipes
SmartPricing technology
Risk controls
Cloud-based infrastructure
Tradier/TradeStation integration

Listed highlights

  • No coding required for bot automation
  • Free with qualifying broker integrations
  • Unlimited backtesting
  • Paper trading available
  • Natural language bot building
  • Comprehensive options analysis tools
  • Innovative research features
  • 30-day free trial

Listed considerations

  • • Free tier requires broker account with minimum balance
  • • Pro plan can be expensive for casual traders
  • • Learning curve for bot automation
  • • Primarily focused on US options market
  • • Requires active broker integration for free tier

Quick Comparison

FeatureOption AlphaCoinMarketCapFinvizORATSTradingView
RatingNot availableNot availableNot availableNot availableNot available
PricingFree with broker integration / $99/mo Pro planFree site; API free/paidFree or $39.50/month; annual plan availableProduct and subscription dependentFree basic; paid plans vary
Founded201420132007Not stated2011
Full Comparison

Frequently Asked Questions

Is Option Alpha free to use?
Option Alpha is free with qualifying Tradier (minimum $5,000 balance) or TradeStation (minimum $10,000 balance) integration. The Pro plan costs $99/month ($79 annually) for unlimited bot automation with any broker. A 30-day free trial is available with no credit card required.
Can I paper trade with Option Alpha?
Yes, Option Alpha has a built-in paper trading engine that allows you to test strategies and bots risk-free in real market conditions without connecting to a brokerage account.
How many bots can I run?
All Option Alpha plans include 50 bots per account with a $100k limit per bot. The platform offers unlimited backtesting and comprehensive automation tools for options trading strategies.
Pricing
FREE with Tradier (minimum $5,000 balance) or TradeStation (minimum $10,000 balance) integration. Pro plan $99/month ($79 annually) for unlimited bot automation with any broker. 30-day free trial available with no credit card required. All plans include 50 bots with $100k limit per bot and unlimited backtesting.
Min Deposit
$0 for paper trading / $5,000 (Tradier) / $10,000 (TradeStation) / $99/mo Pro plan
Founded
2014
Mobile App
No
Demo Account
Yes
Withdrawal
Broker-dependent
Support
Email support, help center, community support
Regulation
Not a broker - automation platform requiring broker integration

Licence number and legal-entity verification: not recorded. Check the regulator directly.

Platforms
WebTradier integrationTradeStation integration
Deposit Methods
Broker integration (Tradier, TradeStation)