How to Get Started with OptionsPlay
May 14, 2020
At eOption, we're focused on providing our clients with the tools they need to have the trading experience they want. As part of this commitment, we offer access to OptionsPlay, an easy-to-use online tool that lets traders of any level visualize option strategies, compare outcomes and take advantage of the opportunities the market has to offer. OptionsPlay helps to demystify options trading, no matter what level you’re at.
Benefits of OptionsPlay
As part of the growing collection of initiative tools offered by eOption, OptionsPlay provides a wealth of benefits for you, including the following:
OptionsPlay provides historical analysis that is unbiased. This analysis of thousands of stocks includes technical signals for buys and sells. This approach removes the complexity of option trading so you can find a strategy that works for you.
Easily Visualize Trades
With OptionsPlay, it's simply a matter of clicking a few buttons in order to compare any position using three trading strategies. Using the OptionsPlay Score, you can easily evaluate outcomes such as the probability of profit, breakeven price and risk and reward for any trade. Instantly build complex orders before validating the trade with the OptionsPlay strategy checklist.
Ideal for Traders of Any Level
OptionsPlay was developed to provide the information, data and signals that every trader needs, whether you’re a novice or experienced investor. Using plain language and terms that anyone can digest, OptionsPlay leads the way in assisting your research. Trend indicators, price action analysis and resistance and support levels are all easy to identify.
Outsmart Covered Calls
Using the Income Generator that's part of OptionsPlay provides the information you need to discover the optimal put to write as a stock purchasing alternative. It can also help you find an optimal call to write in regard to your stock positions. The Income Generator also assists that you won’t be taken advantage of by high premiums.
Bringing clarity to your investment decisions is what OptionsPlay is designed to do. Regardless of your experience level, features such as technical/fundamental rankings, trend indicators, trading strategy checklists, profit and loss simulations and 65+ technical indicators are here to assist you.
FREE for all eOption Customers!
OptionsPlay normally charges a fee. But once you open an account at eOption, as an added extra benefit, eOption will offer OptionsPlay immediately free to you! To open an account with eOption, learn more here: https://dev1.eoption.com/
To learn more about OptionsPlay, please see the instructional videos on our website at: https://dev1.eoption.com/optionsplay/
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eOption strives to provide you with the cutting-edge tools you need to enhance your options and stocks trading. OptionsPlay is designed to streamline the exploration and analysis that you need in order to make informed trading decisions.
eOption offers commission-free trading for stocks, 10¢ option contracts, a powerful & intuitive trading platform, mobile app, free trading tools including OptionsPlay and live expert support.
Make sure to “Like’ eOption on Facebook to get the latest market news, advance notice of free trading webinars & daily investment tips to inspire you!
This information provided for general informational purposes only and should not be considered recommendations or advice by eOption.
Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to eOption review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.
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