Options Wizard - Firstrade Securities Inc.

Options Wizard

Options trading simplified.

The what, why, and how of options trading

Options Wizard provides you instant feedback on the value and likelihood of success of any options trades that you are considering by offering sophisticated analytics that transforms market data into actionable information.

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 Wizard Education Videos

37:42

18:39

40:09

28:27

26:50

37:42

42:58

1:07:29

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.

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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Brokerage Products and Services offered by Firstrade Securities, Inc.

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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 before you begin trading options.

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. The Margin Disclosure Statement and Agreement (PDF) is available for download, and contains information on our lending policies, interest charges, and the risks associated with margin accounts.

*Online market and limit stock trades are $2.95 for stocks priced $1 and above. Add $0.005 per share on the entire order for stocks priced less than $1.00. Online option trades are $2.95 plus 50 cents per option contract. See our Pricing page for detailed pricing of all security types offered at Firstrade. All prices listed are subject to change without notice.

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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