OptionsKing: Options Trading

OptionsKing

About this app

Learn options trading, then practice with virtual money. OptionsKing combines short lessons, quizzes and an options paper trading simulator with a trade checker for covered calls, cash-secured puts and credit spreads.

LEARN OPTIONS STEP BY STEP

Start with your first options contract and work through 107 lessons in 11 series. Study calls and puts, strike prices, expiration, assignment, premium, collateral and the Greeks. Worked examples explain the arithmetic. Each lesson ends with five questions, and missed questions return for review.

Follow a learning path, continue where you left off and track completed lessons in Progress. Bundled lessons remain readable without an internet connection.

PAPER TRADE WHAT YOU LEARN

Practice with virtual cash. Explore a strategy, record what you expect to happen and follow the paper position through its outcome. Review the result and use the replay to explore a different stock price. Lesson practice missions connect the explanation to a paper trade.

Paper trading is simulated practice. No real money is deposited or traded. Simulated outcomes do not predict live fills or investment results.

CHECK A TRADE BEFORE YOU PLACE IT

Type the stock price, strike and premium your broker shows for a covered call, a cash-secured put, or a put or call credit spread. Compare up to three strikes at once.

Each check gets a deterministic confidence score from 0 to 100, based only on the numbers you enter, and plain answers: what you'd keep, what the strike means, what assignment costs and what could go wrong if the stock moves against you. Enter an earnings date before expiration and the trade is ruled out. Tap unfamiliar terms for an explanation.

There is no minimum score: a weak trade still gets a number. A confidence score is not a probability of profit or a promise that a trade will succeed.

RUN THE NUMBERS

The Calculators tab works out a covered call, a cash-secured put, the wheel, a roll, break-even, annualized return or position size, with a profit and loss chart.

FOLLOW YOUR PRACTICE

Progress brings together lessons completed, reviews due and paper trades practiced. Sign in to sync your saved progress and settings across devices. An optional daily reminder keeps your lessons going.

AVAILABLE ON IPHONE, IPAD, ANDROID AND THE WEB

OptionsKing is free to use. The current trading mode is Paper. It does not connect to a brokerage account or place, modify or cancel real orders. It shows no market quotes: you bring the prices from your broker, and checking a trade needs an internet connection.

OptionsKing is an educational and informational tool, not a financial adviser or broker. Options trading carries substantial risk of loss, including assignment and losses larger than the premium received. It is not suitable for every investor. Confirm prices and contract terms with your broker before making a real trade.

Explore the app and walkthrough: https://optionsking.app/how-it-works.html
Learn about paper practice: https://optionsking.app/options-paper-trading.html

What’s new

Top Options is now Confidence. OptionsKing no longer shows market prices: type the prices your broker shows for a covered call, a cash-secured put or a credit spread, and get a confidence score with what you'd keep, what assignment costs and what could go wrong.

Compare up to three strikes at once, or check a put or call credit spread.

Bug fixes and performance improvements.