Options academy & simulator

Learn options.
Practise risk-free.

Short lessons that make calls, puts and the Greeks click, the tools traders use, and a simulator with $50,000 of play money and real broker rules.

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The strategy builder showing an iron condor's profit and loss

MAX PROFIT+$343

50lessons in 7 levels, from your first call to managing spreads

18strategies with payoff charts you can build and test

$50kof play money, with realistic fills, fees and assignment

Academy

Lessons you can play with

Every idea comes with a chart you can drag. Shorten the time to expiry and watch theta speed up. Move the stock and see delta change.

Calls, puts, strikes and expiry, from zero
Pricing and the Greeks, made intuitive
Spreads, iron condors, the Wheel, calendars
Position sizing, rolling and your trading plan

THETA / DAY−$9.22

Tools

See every trade before you place it

Build up to four legs on a real-looking option chain and see the profit and loss, break-evens and chance of profit before you commit.

Option chain with bid/ask, IV and the Greeks
Strategy builder with what-if sliders
IV rank scanner and earnings calendar
Price, probability and position-size calculators

The option chain with the expected move band

EXPECTED MOVE±$22.97

Simulator

Know exactly why you won or lost

Trade with play money under real broker rules, skip ahead in time to see expiry and assignment happen, and get a Verdict on every closed trade.

Limit orders, commissions and collateral
Exercise, assignment and expiry, handled for you
The Verdict: direction, time, volatility and costs
Challenges that put each lesson into practice

The Verdict splitting a trade's result into direction, time, volatility and costs

THE VERDICT+$262

In English, Español, Português, Français, Deutsch and Italiano

Understand options before you trade them.