An Honest Review
Option Alpha vs Options Auto Trader?
Options Auto Trader is the Option Alpha alternative that is easy to use (not complex or overwhelming) and supports options selling strategies. It also supports futures options and index (SPX) options unlike Option Alpha.
Feature Comparison Chart
Options Auto Trader
Option Alpha
Options Strategies Supported
Options Auto Trader: Sell Puts, Sell Calls, Credit Spreads, Debit Spreads, Iron Condors, Sell Strangles, 111s, 112s, Ratio Spreads, Strangles, Straddles, Butterfly Spreads, Hedges, And Build Any Custom 4 Leg Strategy
Option Alpha: Buy Puts, Buy Calls, Credit Spreads, Debit Spreads, and Iron Condors
Assets Supported
Options Auto Trader: Futures Options, Index (SPX) Options, ETF Options, and Stock Options
Option Alpha: ETF Options and Stock Options
Supported Brokers
Options Auto Trader: TastyTrade, Charles Schwab, TradeStation, and Tradier
Option Alpha: Tradier, TradeStation, and TastyTrade
Live Trading
Options Auto Trader: Yes
Option Alpha: Yes
Paper Trading
Options Auto Trader: Yes
Option Alpha: Yes
100% Automated
Options Auto Trader: Yes
Option Alpha: Yes
Webhooks
Options Auto Trader: Yes, connects to TradingView and TrendSpider for advanced entry rules and requirements
Option Alpha: Yes, connects to Tradingview
Trading Analytics
Options Auto Trader: Yes, see how close your trades are to the take profit, stop loss, or early management, trade performance charts, and more.
Option Alpha: Yes, see performance charts and trade analytics.
Take Profit
Options Auto Trader: Yes
Option Alpha: Yes
Stop Losses
Options Auto Trader: Yes, uses a Stealth Stop Loss method so that your stops can't be seen or manipulated by market makers
Option Alpha: Yes
Early Management
Options Auto Trader: Yes
Option Alpha: Yes
Support Options
Options Auto Trader: Email, Live Chat, Phone Call, and Zoom Screen Share Support
Option Alpha: Email
Monthly Price
Options Auto Trader: $97 - $497 per Month
Option Alpha: $79 - $199 per Month
Cancellation Policy
Options Auto Trader: Cancel anytime on the site
Option Alpha: Cancel anytime on the site
Refund Policy
Options Auto Trader: 30 day unconditional refund policy
Option Alpha: No refunds on monthly plans and 7 day refund for annual plans
Who Option Alpha Is Best For?
Option Alpha works best for advanced options traders who like buying options (not selling options) and love customizing every detail of a trade. This does make Option Alpha more complex, complicated and overwhelming especially if you are new trader but makes it perfect for very tech savvy options traders who have a lot of experience. Overall, it's a great platform and the pioneer in the options trading bots space!
Who Options Auto Trader Is Best For?
Options Auto Trader works for options sellers who love simple strategies because they know that the more simple the strategy, the more profitable the strategy. It is designed to work for any option trader even beginners who aren't tech savvy and don't like complexity. This program is designed for traders with at least $10,000 since it allows options selling.
Ready To Start Automating Your Options Selling In Less Than 10 Mins?
