Optionality: Options Trading

Optionality: Options Trading icon

Optionality: Options Trading

Optionality, LLC

In this trading app, you can analyze options, stocks, and ETFs using proprietary algorithms and risk filters. Includes market sentiment data, educational tools, and trade planning features.

AppRecs review analysis

AppRecs rating 4.5. Trustworthiness 72 out of 100. Review manipulation risk 26 out of 100. Based on a review sample analyzed.

★★★★

4.5

AppRecs Rating

Ratings breakdown

5 star

82%

4 star

3%

3 star

4%

2 star

1%

1 star

10%

What to know

Low review manipulation risk

26% review manipulation risk

Credible reviews

72% trustworthiness score from analyzed reviews

High user satisfaction

85% of sampled ratings are 4+ stars (4.5★ average)

About Optionality: Options Trading

Leaving desktops in the dust!

Invest in stocks, options, and ETFs, all with competitive commissions. Minimum initial deposit of $5,000.

Optionality by Lightspeed is a modern trading app designed to bridge the gap between brokerage and technology, creating meaningful trading experiences for retail investors. We aim to empower active investors by enhancing the world of options trading, bringing real accessibility to the market for the first time.

We all want a leg up in the market, so we aim to meet you where you are, whether you're just getting started or have been searching for a new way to trade.

We believe knowledge is power, but you shouldn't have to do it alone. So we’ve created a mobile trading app designed to filter options trades based on your risk tolerance and affordability.

No more confusing options chains!
Utilize proprietary algorithms to shop for available trades by expiration. Our technology filters trades by max loss and max gain, so you can measure your risk tolerance before placing a trade.

Navigate volatile markets like never before:
Access unique market sentiment gauges, trending tickers, and educational data through our Discover tab
-Crowd wisdom
-Hedge fund trends
-Blogger sentiment
-Analyst consensus
-News sentiment

OUR REVIEWS SPEAK FOR THEMSELVES!

"For me, they strike the perfect balance between wanting to trade equities and naked options. I get better upside potential than trading equities, but there is less risk than trading calls & puts: - Raylosophy

“The experience you get trading on Optionality is unmatched. It's extremely easy to understand even if you've never touched options. It explains your max profits and loss for each trade which is awesome" - Shahd N

*Testimonials are from past Optionality users. No compensation was given*

Disclosure: Disclaimer: Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). The Optionality mobile trading app is offered exclusively by Lightspeed Financial Services Group LLC (“Lightspeed”). SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck. All investments involve risk and past performance of any security does not guarantee future results or returns. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Lightspeed makes no guarantee as to the accuracy or quality of information published and/or archived on the platform, nor will Lightspeed accept any responsibility for other organizations, businesses, and private persons that provide information on this platform. All information on the platform regarding products and services provided on the Optionality app is subject to change without notice. Lightspeed is not responsible for misprints, out of date information, or errors. Lightspeed does not provide any financial or investment advice. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Options trading involves a high degree of risk and may involve total loss of investment. Options spreads, specifically, offer the benefit of projected maximum gain and loss positions defined as “defined risk trades” and “defined outcomes”, but in rare situations may result in gain/loss in excess of the projected cap. For more information on options, please read Characteristics and Risks of Standardized Options before deciding to invest in options.
Optionality: Options Trading Screenshots
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Reviews for Optionality: Options Trading

RXSXSX

It’s official, I love Optionality!!

Okay, this review is long overdue, but here it is: I love Optionality. As someone who's been successfully trading options since 2013, I've tried almost every trading app on the market, and Optionality is my favorite. I've used TOS, TD Ameritrade, E-trade, Firstrade, eTorro options (formerly Gatsby), Aries, Tradestation, etc., but the ease-of-use and streamlined approach offered by Optionality is the best. After choosing your ticker and direction, Optionality presents the entry cost, max/potential gain, risk level, and breakeven price. They also section off the prepackaged options by "Risk Bucket," allowing you to instantly choose the best option (pun intended) for your risk tolerance. In my opinion, having that readily available information improves confidence and speed of execution. For me, they strike the perfect balance between wanting to trade equities (shares) and naked options. I get better upside potential than trading shares, but there's (a lot) less risk than trading naked CALLS and PUTS. Here's an oversimplified Example: If I'm bullish on AAPL, I can find a prepackaged credit spread on Optionality for half the cost of a naked CALL, and the upside is exponentially more than buying shares. Lastly, let's talk about support. I've been able to reach customer support via phone and email. Email is a lot easier and pretty responsive (less than 30 minutes), but at least on one occasion (I've only called twice), I've been able to speak with someone and receive the support I needed. They’re nimble, thoughtful about app updates and open to feedback. Oh yeah...I don't Day Trade on Optionality, so I can't speak to any of that, but as someone who prefers to swing trade—I find it best to use limit orders (as opposed to market orders) on this platform.

Huckelbjoirn

Execution times

They really need to just focus on getting faster execution & sell times. Takes too long to get an order filled.

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