Trade options.
Without the risk.
Your paper account moves with the market, decodes every Greek, and tells you in plain English exactly what has to happen for a trade to pay.
Try the translation layer.
Paste any contract. Ticker, strike, expiration, call or put, and read what it actually means. What it costs per day. What has to happen for you to make money. What could quietly kill it.
Translate a contract →Other ways in
IF TRANSLATING ISN'T WHERE YOU WANT TO STARTFind a contract.
Bullish or bearish? Pick a target price and date. We'll surface the contracts most likely to pay if you're right.
Learn the basics, properly.
Calls, puts, strikes, expirations, the Greeks, breakeven, IV. A primer that assumes you're smart, not that you're a pro.
Why trade options?
AN EXAMPLE TRADE · MAR 2020 → JAN 2021It's March 23, 2020. SPY closes at $222.95 after a 35% drop. You believe the market recovers by January. You have $10,000 to deploy.
Same conviction, one of two bets. But leverage cuts both ways — options multiply not your money, but your read on the market.
History: SPY actually closed at $368.79 on January 5, 2021 — a 65% recovery from the bottom.