Firstrade's OptionsPlay Wizard - Explore Options Strategies

Options Wizard

The What, Why, and How of Options Trading

Firstrade's Options Wizard provides you instant feedback on the value and likelihood of success of any options trades that you are considering. Our sophisticated analytics transforms market data into actionable information, helping you formulate the best options strategies. Open a personal investment account at Firstrade to get started today!

Professional-grade options analytics made for all types of investors

Trading strategy checklists
1-month/6-month trend indicators
Support/resistance levels
Proprietary OptionsPlay Score

65+ technical indicators
Technical/fundamental rankings
Profit and loss simulations
40+ complex options strategies

Options Trading Made Simple
- Unbiased historical analysis of thousands of stocks every day, searching for technical buy and sell signals.
Trade Strategy Comparison
- Compare any three trading strategies for any stock with ease. The proprietary OptionsPlay Score makes it simple to evaluate the risk and reward, probability of profit, and breakeven price for any trade. Build complex orders instantly and validate the trade using the strategy checklist.
Plain-language Analytics
- Trade signals and supporting technical data are presented in plain language terms that anyone can understand. Additional price action analysis, support and resistance levels, and trend indicators for any stock are easily identifiable to help your research.
Covered Call Income Generator
- Use the Income Generator to find the optimal call to write against your stock positions, or the optimal put to write as an alternative to purchasing stock.

OptionsWizard Education Videos

Options 101 Course

Complete Options Trading Course

Beginner I

Intermediate

Beginner II

Advanced

Options Education Video Archive

Important Notice:

The Options Wizard is powered by OptionsPlay. OptionsPlay and Firstrade are not affiliated. OptionsPlay provides equity and option investing tools, daily trading ideas and strategies, and technical analysis for informational purposes only and Firstrade does not attest to its reliability, performance, accuracy or completeness. Firstrade makes no representation or warranty that any data or information supplied to or by OptionsPlay is complete or free from errors, omissions, or defects. No information contained in or supplied by OptionsPlay is intended to constitute a recommendation by Firstrade to buy, sell, or hold any stock, option, or a particular investment. Firstrade makes no investment recommendations and does not provide financial, tax, or legal advice.

You may incur significant losses by transacting in options. With your use of OptionsPlay, you are solely responsible for your own investment and trading decisions, and for any losses, damages, or costs resulting from your reliance on any data or information that is provided by OptionsPlay. Firstrade is not responsible for determining whether any transaction you may enter into is suitable, appropriate or advisable.

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Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. An investor should understand these and additional risks before trading. Carefully consider the investment objectives, risks, charges and expenses before investing. All investments involve risk and losses may exceed the principal invested. Past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice.

Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.

ETF trading involves risks. Before investing in an ETF, be sure to carefully consider the fund's objectives, risks, charges, and expenses. Please read the prospectus carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. ETF Information and Disclosure.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing service@firstrade.com.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. For more information please see Margin Disclosure Statement, Margin Agreement, FINRA Investor Information. These disclosures contain information on our lending policies, interest charges, and the risks associated with margin accounts.

Online trades are $0 for stocks, ETFs, options and mutual funds. See our Pricing page for detailed pricing of all security types offered at Firstrade. All prices listed are subject to change without notice.

Crypto trading on Firstrade platforms is served by Firstrade Crypto LLC and offered through APEX Crypto. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Firstrade Crypto LLC. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Crypto trading involves substantial risk of loss and there can be significant volatility in the price of cryptocurrencies. The value of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. Crypto trading involves substantial risk of loss and is not suitable for every investor, please ensure that you fully understand the risks involved before trading.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transaction.

System response and access times may vary due to market conditions, system performance, and other factors.

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