Optionality: Options Trading

Okay, this review is long overdue, but here it is: I love Optionality. As someone who's been successfully trading options since 2013, I've tried almost every trading app on the market, and Optionality is my favorite. I've used TOS, TD Ameritrade, E-trade, Firstrade, eTorro options (formerly Gatsby), Aries, Tradestation, etc., but the ease-of-use and streamlined approach offered by Optionality is the best. After choosing your ticker and direction, Optionality presents the entry cost, max/potential gain, risk level, and breakeven price. They also section off the prepackaged options by "Risk Bucket," allowing you to instantly choose the best option (pun intended) for your risk tolerance. In my opinion, having that readily available information improves confidence and speed of execution. For me, they strike the perfect balance between wanting to trade equities (shares) and naked options. I get better upside potential than trading shares, but there's (a lot) less risk than trading naked CALLS and PUTS. Here's an oversimplified Example: If I'm bullish on AAPL, I can find a prepackaged credit spread on Optionality for half the cost of a naked CALL, and the upside is exponentially more than buying shares. Lastly, let's talk about support. I've been able to reach customer support via phone and email. Email is a lot easier and pretty responsive (less than 30 minutes), but at least on one occasion (I've only called twice), I've been able to speak with someone and receive the support I needed. They’re nimble, thoughtful about app updates and open to feedback. Oh yeah...I don't Day Trade on Optionality, so I can't speak to any of that, but as someone who prefers to swing trade—I find it best to use limit orders (as opposed to market orders) on this platform.

They really need to just focus on getting faster execution & sell times. Takes too long to get an order filled.

Great platform, especially if you are a newcomer to the world of financial derivatives. want to dip your toes into options without risking the house or the approval of your wife? Optionality is for you! Great, seamless UI. Demystifies the options trading experience!

A very pleasant experience using the app . Easily understand the risk/reward your taking while playing with options which is very helpful

Fast support team. Alec the CEO of the company is always quick to answer a call and solve an issue over the phone. Withdrawal only takes a few hours to hit your bank account. Complain: Please improve close order execution to avoid loosing money. Other than than, this broker is a hidden gen in option trading space.

Great app to use makes it easy to trade I’ve been using this app for about 90 days now and made lots of money trading! For anyone learning stocks market this should app should be great for you

update: Spoke with support via email+voice and was given a lot more clarity and best practices. My account is still active and I’m looking forward to trading on Optionality. — Overall I like the app but execution was a little shaky for me. Especially during the first and last hour of trading. Limit orders didn’t get filled which led to losses.

By far the easiest way to trade options. From beginners to elite trader’s this app is for you. I’ve enjoyed since downloading it. I’d love to see a black theme though.

The experience you get trading on Optionality is unmatched. It’s extremely easy to understand even if you’ve never touched options. It explains your max profits and loss for each trade you make which is awesome. I had some funding issues and the CEO, Alec, reached out to me himself to see if there was anything he could do and helped resolve the issue. I also reached out with some questions about my max gain and selling options and he was extremely helpful in explaining how it works. You will not get that kind of client service from any other brokerage from Robinhood to Charles Schwab unless you have millions in your account. Download the app!! It’ll be beyond worth it.

A+++++++