Optionality: Options Trading

Name: Optionality: Options Trading
Rating: 4.5 (73 reviews)
Author: Optionality, LLC

By: Optionality, LLC

Manage Risk & Trade Spreads

This app was removed from Apple Apps Store on 2026-06-04

Features & Capabilities

Optionality by Lightspeed is a modern trading app that bridges brokerage and technology for retail investors. Trade stocks, options, and ETFs with competitive commissions and a minimum initial deposit of $5,000.

The app filters options trades by risk tolerance and affordability using proprietary algorithms, showing expiration-based opportunities with max loss and max gain limits. Its Discover tab delivers market sentiment data—crowd wisdom, hedge fund trends, blogger sentiment, analyst consensus, and news sentiment—to help users navigate volatile markets. Designed for both beginners and experienced traders, Optionality emphasizes accessible education and clear risk-reward profiles.

User Growth & Download Statistics

App Data Education News & Magazines

By:

Optionality, LLC

Rating:

4.50

(73)

Version:

4.1.4 Last updated: 2025-02-02

Version code:

872164749

Creation date:

2022-03-30

Compatible devices:

Size:

92.03MB

URLs:

Website ,Privacy policy

Full description:

Source:

Apple Apps Store

Data ingested on:

2026-06-04

Compare stats and ranking:

Contact the developer

Chrome-Stats does not own this Apple app. Please use these information below to contact the Apple app developer.

Developed by:

Optionality, LLC

Apple Apps Store

https://apps.apple.com/us/app/optionality-options-trading/id1595826015

Website:

https://www.optionalitytrading.com/

User Reviews

Reviewers broadly praise Optionality as beginner-friendly, with an intuitive UI and prepackaged option trades that show clear risk/reward metrics. The risk-bucket approach helps users pick trades quickly and understand potential gains and losses. Support is repeatedly highlighted as fast and helpful, sometimes involving the CEO directly. The main downside cited in multiple reviews is order execution speed, especially when closing positions; several users report exits taking much longer than expected or not filling promptly. Despite this, many see Optionality as a strong learning tool and a top choice for those new to options trading, with room to improve on speed.

Pros

Beginner-friendly and easy-to-use UI that demystifies options trading.
Prepackaged options with risk buckets and clear metrics (entry cost, max gain, risk level, breakeven) for quick decision-making.
Clear risk/reward visualization and explanations of max profit/loss for each trade.
Responsive, knowledgeable support, including direct CEO involvement when needed.
Strong learning tool for new traders and a simple path to trading options with confidence.

Cons

Closing orders can take a long time to execute, making exits slow.
Overall order execution is slower than other brokers, affecting timely entries and exits.
Occasional inconsistency in order fills, with some exit orders not executing promptly.

Recent reviews

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.

by RX*****, 2023-08-18

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

by Hu*****, 2023-07-03

Great platform, especially if you are a newcomer to the world of financial derivatives. want to dip your toes into options without risking the house or the approval of your wife? Optionality is for you! Great, seamless UI. Demystifies the options trading experience!