Option Alpha provides tools to build and run automated trading bots for options and stocks. Users create automations that scan markets, open positions, and manage trades based on defined rules. Bots execute strategies continuously, on schedules, or manually triggered, with full control to pause or adjust at any time. The platform includes backtesting to evaluate strategies on historical data, a screener, Trade Ideas, and the 0DTE Oracle. Positions appear in a centralized view for monitoring open, closed, filled, or canceled orders across accounts.
No-code bot creation automates strategies without programming
Real-time monitoring checks positions every minute for adjustments
Backtesting validates strategies on historical data before live use
Educational resources include courses, webinars, and tutorials
Features may overwhelm inexperienced traders
Requires subscription fee
Focuses on options trading
