Trade Options with Confidence at Firstrade
Options are an important part of an investor’s toolbox, and Firstrade has partnered with OptionsPlay to give our clients access to a full suite of options analytics tools and weekly options education events for free.
Firstrade clients can access comprehensive education and analytics to help them learn and execute options with confidence. Options trading can carry a high amount of risk and the complexities can be daunting for many beginners – Firstrade aims to make it easier for investors to advance their options knowledge by teaching strategies with best practices in mind, and by providing trading reports and ideas that would work for any portfolio.
The Firstrade Options Wizard platform provides instant feedback and analysis for up to 3 different option strategies, side by side. With access to over 65 technical indicators, profit and loss simulations, 40+ complex strategies, strategy checklists and much more, this tool is a must-have for options investors of all experience levels.
Option Wizard, powered by OptionsPlay
This options strategy tool takes the complexity out of idea generation and options strategies analysis. With an interactive, easy to use user interface, investors can effortlessly compare different option strategies while adjusting for different price targets, implied volatility and expiry dates. The charting tool displays support and resistance zones, trend analysis and overbought/oversold levels and price action analysis to help you gauge the directional movement of a stock at a single glance.
Educational Webinars
Take your trading to the next level with our Bi-Weekly Educational Webinars. Join Tony Zhang, Chief Strategist at OptionsPlay and CNBC's Options Action Contributor, on Wednesdays at 4:15 PM EST to learn all options strategies, concepts and best practices. With topics ranging from Using Options to Hedge your Portfolio to Maximizing Technical Analysis for Security Selection, our educational webinars will help you get the most out of your trading! Register for the next education event here.
Weekly Market Outlook Sessions
Keeping up to date with what's happening in the markets is vital for an investor. Join us every Tuesday at 8:30 AM EST for the Weekly Market Outlook Session where Tony Zhang will catch you up to speed with the technical levels and economics that are impacting markets. We discuss the broad market overview, sector analysis, trade ideas and symbols of interest. You will also have the opportunity to ask Tony any questions you may have regarding the broader markets and trading strategies. These events are not to be missed so be sure to book your spot here.
Sign-up to get weekly trade ideas
For investors seeking income from their portfolios, options provide a unique opportunity to generate income on your equity investments through covered calls and cash secured puts. Receive OptionsPlay’s weekly optimized Covered Call and Short Put reports to understand the best income opportunities each week. Each income report will help you find the income strategy that is right for your portfolio by analyzing over 500 symbols' strike prices, expiration dates and implied volatilities. You will also receive 2 trade ideas - one bullish and one bearish, each week on Friday’s. Open an account and get access to our weekly options newsletter here.
Trade with Confidence
Whether you are a complete beginner, or an experienced options trader, we have the tools to help you learn and execute your trades with confidence. Learn how our award-winning platform can help you manage your portfolio by using options here.
Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.
