All About Option AI, Features, Pros and Cons, Alternatives

Jul 8, 2024

man with his trading set up - option AI

Trey Munson

Option Trading Strategy

Are you ready to supercharge your options trading strategy and step up your game? Option AI can transform how you approach options trading and help you take advantage of market opportunities like never before. Explore the world of Option AI with this guide to learn how to master your options trading strategy and make informed decisions online.

Looking to learn and do options trading online? Digital Dollar Standing's Options Trading Room is your go-to solution for valuable insights and tools to enhance your trading experience.

Table Of Contents

What Is Option AI

woman learning about option AI

Options AI is a unique brokerage platform that simplifies the trading experience for retail investors. Founded by John Foley, Alex Griffiths, and CC Lagator, it aims to provide everyday traders with access to the same sophisticated strategies typically reserved for institutional investors. 

The platform allows users to seamlessly switch between stocks, options, and spreads, all within the same intuitive chart. Say goodbye to complex user manuals and hello to a streamlined, visual approach to trading.

Visual Patented Platform

Options AI stands out for its visually engaging platform and patented methodology that quickly helps traders discover smarter trading strategies. With Options AI, setting up and comparing different trading strategies takes seconds. 

Users can leverage the expected move feature to assess potential outcomes or customize spreads by dragging and dropping zones on a chart. The real-time stock chart allows traders to monitor their trades and make informed decisions.

Defined Risk Strategies

Options AI focuses solely on defined risk strategies, ensuring users understand the risks involved in their trades. The platform offers expert options and support to help traders navigate the complexities of the market. Plus, with a flat $5 commission fee, users can trade any strategy and size that suits them best.

The Smart Way to Trade

Options AI is designed to help you trade smarter regardless of your trading goals. From visually comparing strategies to managing trades in real-time, the platform offers a comprehensive solution for novice and seasoned traders. With a focus on simplicity, transparency, and expert support, Options AI makes trading options and spreads a seamless and rewarding experience.

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How Much Does Options AI Cost?

man holding money - option AI

1. Flat Commission for Stock & ETF Options  

Options AI charges a flat commission of $5 for each opening and closing Stock & ETF option trade. This applies to both Multi-leg options (spreads) and Single-leg options.

2. Per Contract Commission for Index Options  

For each opening and closing Index options trade, Options AI charges a per-contract commission. The commission for S&P 500 Index PM Settled trades is $0.45.

3. Flat Commission for Stock Orders  

A $1 flat commission is charged for each buy or sell stock order, regardless of the share quantity.

4. Regulatory and Exchange Fees  

Options AI passes on applicable regulatory and exchange fees as follows:

  • OCC Options Regulatory Fee: $0.02685 per contract

  • FINRA Trading Activity Fee - Stock Sales: $0.000166 per share (max. $5.95)

  • FINRA Trading Activity Fee - Option Sales: $0.00279 per contract (max. $5.95)

  • SEC Fee – Stock Sales: $8 per $1,000,000.00 in sales

5. Clearing Fee on Option Transactions  

All Equity, ETF, and Index option transactions incur a clearing fee of $0.05 per contract.

6. Transaction Fee for CBOE Proprietary Index Fees  

A Transaction Fee covers the CBOE proprietary index fees on SPX options. The fee for SPXW is $0.59 per contract.

7. Margin Rates  

The rate on all debit balances at Options AI is 7.45%.

Unlock Financial Freedom with Digital Dollars Trading Today!

Unlock financial freedom through expert options and crypto trading guidance with us at Digital Dollars Trading. We provide a premier community, mentorship program, and proven strategies to help you master profitable trading. 

We've helped our students to make upwards of $30,000+ in a single day through our 1-1 mentorship, Exclusive Workshops & VIP Events, Daily trading signals, live calls, and expert tips from Trey. Escape the rat race with Trey and the rest of the Digital Dollars Trading community today. Try it out today!

Features Of Options AI

man exploring features of option AI

1. See the Move, Trade the Move 

Options AI is equipped with AI-powered tools that analyze market trends and recommend trades based on unusual volume, implied volatility, and technical analysis. These tools can help traders see the move in the market and make informed decisions about how to trade it effectively. 

2. Educational Resources

Options AI offers an extensive library of educational resources, including courses, videos, and guides for traders of all levels. This feature ensures that traders can access all the information they need to enhance their trading skills, regardless of their experience level. 

3. Flexible Payment Methods

Options AI supports deposit methods like bank transfers and credit/debit cards, making it easy for traders to fund their accounts and start trading. The flexibility in payment options ensures that traders can choose the most convenient method. 

4. Flat Commission Structure

AI has a $5 flat fee per trade with no per-contract fees. This flat commission structure lets traders know exactly how much they will pay for each trade, providing transparency and predictability in trading costs. 

5. Paper Trading Account

Options AI offers a paper trading account feature that enables traders to test strategies with a simulated account before trading with real money. This feature is invaluable for traders who want to try different strategies and gain confidence in their trading skills without risking their capital.

5 Best Alternatives To Option AI

trading effectively with option AI

1. Digital Dollars Trading

Digital Dollars Trading offers a unique opportunity to unlock financial freedom through expert options and crypto trading guidance. With a premier community, mentorship program, and proven strategies, Digital Dollars Trading helps traders master profitable trading. 

By leveraging 1-1 mentorship, exclusive workshops & VIP events, daily trading signals, live calls, and expert tips from Trey Munson, traders can earn upwards of $30,000+ in a single day. Join the Digital Dollars Trading community today to escape the rat race and embark on a journey toward financial success.

2. Hedged

Hedged is an AI-based trading platform designed to assist traders in making informed decisions in options trading. By utilizing artificial intelligence to analyze market trends, predict price movements, and generate trade recommendations, Hedged provides traders with real-time data and insights. With Hedged, traders can automate their trading strategies, manage risks effectively, and maximize their trading experience.

3. TradeStation

TradeStation is a powerful trading platform equipped with advanced tools and analytics for options traders. The platform utilizes artificial intelligence to identify trading opportunities, execute trades, and manage risk efficiently. With TradeStation's advanced charting tools and customizable trading strategies, traders can enhance their performance by leveraging AI to make smarter trading decisions.

4. Robinhood

Robinhood is a popular trading platform offering a range of tools and features tailored to options traders. Using artificial intelligence, Robinhood helps traders identify opportunities and manage risks effectively. With real-time market data, fast trade execution, and on-the-go portfolio management, Robinhood empowers traders to optimize their trading experience.

5. Thinkorswim

Thinkorswim is a comprehensive platform for options traders seeking advanced tools and analytics. It uses artificial intelligence to identify trading opportunities and execute trades based on specific risk tolerances and investment objectives, providing traders with real-time data insights. With Thinkorswim, traders can customize their trading strategies, manage risks effectively, and maximize their trading journey.

Pros and Cons Of Options AI

person on computer working with option AI

Pros

1. Flat $5 Fee per Trade

Options AI charges a flat $5 fee per trade, which can result in significant cost savings for active traders compared to other platforms that may charge per contract or percentage of trade value. This straightforward pricing structure lets users focus on their trading strategies without worrying about escalating fees.

2. AI-Powered Trade Recommendations

AI generates trade recommendations based on user input and market data. The AI algorithms can quickly analyze thousands of trade scenarios to provide users with optimized strategies that align with their risk tolerance, investment goals, and market conditions.

3. Extensive Educational Resources

Options AI offers a wealth of educational resources to help users improve their options trading skills and knowledge. From basic options trading concepts to advanced strategies, users can access articles, videos, and webinars to deepen their understanding of the market and enhance their trading performance.

4. Flexible Payment Methods

Options AI supports a variety of payment methods, making it easy for users to fund their trading accounts using their preferred financial instruments. This flexibility enhances the user experience and reduces barriers to entry for traders who may have limited options for depositing funds.

5. Paper Trading Accounts for Risk-Free Practice

Options AI provides paper trading accounts that allow users to practice trading options without risking real money. This feature is invaluable for beginners who want to familiarize themselves with options trading concepts and strategies before committing their capital to the market.

Cons

1. No Standalone Trading Platform; Relies on Brokerage Platform Integration

Options AI does not offer a standalone trading platform but operates through integration with brokerage platforms. This arrangement may limit users' customization and functionality and require additional steps to execute trades through the brokerage platform.

2. Not Regulated, Increasing the Need for Compliance Research

Since Options AI is not a regulated trading platform, users must conduct additional due diligence to ensure compliance with relevant financial regulations. This lack of oversight may raise concerns for some users who prioritize trading on regulated platforms to protect their investments.

3. Limited Customer Support Options

Options AI provides limited customer support options, which may be frustrating for users who require immediate assistance with technical issues or account inquiries. Users should be prepared to rely on self-service resources or wait for responses from customer support agents.

4. Additional Regulatory and Clearing Fees May Apply

In addition to the flat $5 fee per trade, users may incur additional regulatory and clearing fees imposed by the brokerage platform used to execute trades through Options AI. These extra costs should be factored into the overall trading expenses to ensure accurate profit and loss calculations.

5. No Professional Financial Advice Provided

Options AI does not offer users professional financial advice or personalized investment recommendations. While AI-powered trade recommendations are valuable tools for generating trade ideas, users should research and consult with financial advisors before making investment decisions.

Try Digital Dollars Trading Community Today!

Unlock financial freedom through expert options and crypto trading guidance with us at Digital Dollars Trading. We provide a premier community, mentorship program, and proven strategies to help you master profitable trading. 

We've helped our students to make upwards of $30,000+ in a single day through our 1-1 mentorship, Exclusive Workshops & VIP Events, Daily trading signals, live calls, and expert tips from Trey. Escape the rat race with Trey and the rest of the Digital Dollars Trading community today. Try it out today!

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How To Use Options AI In 4 Simple Steps

man learning to use option AI

1. Sign Up

When you decide to harness the power of Options AI, the first step is to register on the platform. Here, you can choose between different types of accounts, depending on your needs. You can opt for Brokerage Accounts (Margin or Cash) or Subscription Accounts. The setup is seamless and user-friendly, ensuring you get started quickly. 

2. Fund Your Account

After registering, the next step is to deposit funds into your Options AI account. The platform provides various methods to help you fund your account with ease. You can use bank transfers or credit/debit cards to top up your balance. This flexibility ensures you can conveniently start trading options without any hassle.

3. Trade

One of Options AI's standout features is utilizing AI-powered tools to find and execute trades. The platform deploys cutting-edge technology to assist you in making informed trading decisions. These tools help you scan the market swiftly for opportunities, ensuring you can trade effectively and efficiently. Options AI simplifies the trading process, allowing you to focus more on your strategy rather than getting bogged down by the complexities of the trading platform. 

4. Learn

Educational resources are essential for enhancing trading knowledge and skills. Options AI provides access to a wealth of educational materials to improve your understanding of trading options. With Options AI, learning is an ongoing process, ensuring you continuously expand your knowledge and refine your trading strategies. This valuable resource is instrumental in making you a more informed and astute trader in the options market.

Learn How To Trade Profitably in The Digital Dollars Trading Discord

Are you ready to start on a journey towards financial freedom through expert options and crypto trading guidance? Look no further than Digital Dollars Trading, your gateway to unlocking the true potential of your investments. 

Our premier community, mentorship program, and proven strategies are designed to help you master profitable trading, ultimately paving the way to a life free from financial constraints. With our guidance, some of our students have made upwards of $30,000 daily, a testament to the effectiveness of our methods.

Join the Elite Community of Digital Dollars Traders

At Digital Dollars Trading, we pride ourselves on offering a VIP experience to our members. When you sign up, you can access exclusive workshops, daily trading signals, live calls, and expert tips from industry leader Trey Munson. 

Our community is not just a group of traders; it is a close-knit family that supports and guides each other towards success. The sense of camaraderie and shared goals within our community is unmatched, making your journey towards financial freedom all the more enjoyable.

Expert Mentorship Program

Our one-on-one mentorship program is one of our students' key pillars of success. With personalized guidance from Trey Munson, you will receive tailored advice and strategies to maximize your trading potential

Trey's expertise in the field is unrivaled, and his mentorship has been instrumental in helping numerous traders achieve their financial goals. The value of having a mentor who has been through it all cannot be overstated, and at Digital Dollars Trading, we ensure that you have access to the best in the business.

Leverage Proven Strategies for Success

Success in trading is not just about luck; it is about having a solid strategy in place. At Digital Dollars Trading, we offer you access to proven strategies that have been tried and tested in the market. By following these strategies diligently and with discipline, you can significantly increase your chances of success in the trading realm. Our goal is not just to help you make money in the short term but also to equip you with the knowledge and skills needed to thrive in the long run.

Escape the Rat Race Today

Are you tired of the daily grind and the limitations of a traditional job? Join us at Digital Dollars Trading and start your journey towards financial freedom today. With our guidance, support, and expert tips, you can finally break free from the shackles of the rat race and take control of your financial future. Don't let another day go by without acting towards a brighter tomorrow. Join us today and unlock the true potential of your investments with Digital Dollars Trading.

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