Options brokers with options analysis tools

E*Trade$0.65 per contract · $0 exercise and assignment · naked

E*Trade opens options accounts for residents of the United States. It charges $0.65 per contract ($0.50 at 30+ trades per quarter). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.

Options analysis toolsPower E*TRADE (web and app) and Power E*TRADE Pro (desktop) have Snapshot Analysis (risk/reward, probabilities, break-evens, risk profile graph), TradeLab and Spectral Analysis what-if views with Greek risk metrics, and Strategy Seek and Strategy Optimizer idea scanners. They also have Live Action preset scans, Earnings Move Analyzer, customizable option chains with Greeks and the Risk Slide portfolio stress view vs the S&P 500, and E*TRADE web adds the Options Analyzer and Options Income Backtester.

Moomoo$0 per contract · exercise fee not published · naked

Moomoo opens options accounts for residents of the United States. It charges $0 per contract (Index, non-retail and other fees extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.

Options analysis toolsThe moomoo app and Moomoo Desktop have Strategy Builder with 13 strategy templates, live Greeks and implied volatility with expected move, P/L Analysis, Options Calculator, Probability Analysis, Earnings Options Analysis, Options Volatility Analysis, Trend Projection, an options screener and unusual options activity. The paid Moomoo Engine (Options Engine) adds P&L modeling, gamma exposure, unusual activity alerts and no-code algo trading, and no beta weighting or options backtesting is published.

Schwab$0.65 per contract · $0 exercise and assignment · naked

Schwab opens options accounts for residents of the United States. It charges $0.65 per contract (Additional fees may apply). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.

Options analysis toolsthinkorswim (desktop, web, mobile) has the Option Hacker and Spread Hacker scanners, the Analyze tab with Risk Profile (P&L graph and theoretical probability of profit), Probability Analysis and thinkBack options backtesting, Beta Weighting of positions, and Delta and other Greek studies. Schwab also lists options probabilities, options statistics, an options screener and simulated trade and portfolio risk analysis across its platforms.

Webull$0 per contract · exercise fee not published · naked

Webull opens options accounts for residents of the United States. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.

Options analysis toolsThe Webull platform has an Options Screener (filter contracts by quote and Greeks criteria) and a configurable options chain with real-time Greeks, implied volatility and probabilities of ITM, OTM and break even. It also has the Option Profit-loss Diagram, Probability Analysis, Options Calculator, Volume Statistics, Unusual Options Activity, Top Options, Options Discover and paper trading for options, and no beta weighting or options backtesting is published.