Option Alpha

Option Alpha is a unique options trading platform focused on automating options selling strategies through a visual, no-code bot builder. Founded by Kirk Du Plessis, the platform has evolved from a popular options education site into a comprehensive automation platform that helps traders build, backtest, and deploy mechanical options strategies. The platform's standout feature is the Autotrading Bot Builder, which lets traders create automated options strategies using a visual flowchart interface — no coding required. Traders can set entry criteria (Delta, DTE, IV Rank), position sizing, adjustment rules, and exit criteria, then backtest the strategy against historical data before deploying it live through connected broker accounts. Option Alpha includes SmartPricing (algorithmic order management that works limit orders between bid/ask), a comprehensive position management dashboard, and one of the largest free options education libraries in the industry with over 200 video courses. The platform connects to major brokers including Interactive Brokers and Tradier for live automated execution. The free tier provides education and basic tools, while the Pro plan ($99/mo) unlocks automation, backtesting, and SmartPricing.