Options Trading Tools Built for Your Strategy
Options Trading Tools
Built for Your Strategy
Why Options Traders
Choose Interactive Brokers
Low Commissions
USD 0.15 to 0.65 per contract, with no platform fees or account minimums.
Options Beyond US Markets
Trade options on stocks and indices worldwide, from the DAX to the Nikkei 225, all from one account in multiple currencies.
Analyze Options with AI
Connect Claude, ChatGPT, Grok, or other AI tools to your account to research and analyze your options with your live data.
Execution Built on Smart Routing
Orders routed for the best available price, not payment for order flow (PFOF).
Options Tools Built for How You Trade
Interactive Brokers offers options tools for strategy discovery, volatility analysis, risk management, multi-leg orders, and education.
Pick the Way You Trade:
Your Path
Trading a Bullish or Bearish View, or Hedging One
Buy calls and puts outright, define risk with vertical spreads (debit or credit), or hedge a holding with protective puts—all on single names or indexes, with expirations as short as same-day.
Option Strategy Lab
Enter a view on a stock and compare the strategies that express it, ranked against your price and volatility estimates.
Options Liquidity Tool
Post bids and offers inside the NBBO and interact with IBKR order flow, using IBUSOPT.
Performance Profile
See how the Greeks change across a range of underlying prices before you open a position, and how the profile shifts as expiration approaches.
Your Path
Income from What You Already Own
Write covered calls against holdings you keep, sell cash-secured puts on stocks you'd like to own, roll positions as expiration approaches, work time decay with calendar and diagonal spreads, or run box, reversal, and conversion trades.
Write Options
Scan long and short positions for eligible covered calls and protective puts, by symbol, expiration, and strike.
Rollover Options
Find positions approaching expiration and roll them to a later date in a single order.
Risk Navigator
Check how a written position changes portfolio exposure before you place it, and where delta, gamma, theta, and vega sit afterwards.
Your Path
Trading the Volatility Outlook
Trade the level of implied volatility and how it moves, not the direction of the underlying. Compare implied against realized, read the skew, then build the structure: long or short straddles and strangles, or iron condors.
Volatility Lab
Compare realized volatility against implied, set both against peers and the market, and see how implied varies by expiration.
Probability Lab
See the market-implied probability distribution, set your own outlook, and find strategies that fit it.
OptionTrader
Quote and work your orders in volatility rather than price terms, alongside chains, market data, and the underlying, all in one workspace.
Essential Options Trading Tools at IBKR
These apply whichever path you came from.
Risk Navigator
What-if scenarios across the portfolio, and where delta, gamma, theta, and vega sit.
Options Lattice
30-day price history with volume, open interest, and implied volatility across every strike.
Options Strategy Builder
Build a strategy from the chain and see the payoff before you send it.
Probability Lab
Set your own probability distribution against the market-implied one and find the structures that fit.
Write and Rollover Options
Scan positions for eligible calls and puts to write, then roll them as expiration approaches.
ORATS Backtester
Backtest options strategies and combinations on the 100 most popular symbols, in the Discover tool.
How to Transfer Your Brokerage Account to Interactive Brokers
Open Your Account
Online, in minutes.
Request a Transfer
Positions move in kind, no selling, no tax event for standard transfers.
Trade
Most transfers settle in days, with guided support for complex ones.
IBKR Campus
Learn Options Trading
with IBKR Campus
Free and open to anyone. No account, no login, no paywall. Eight hands-on lessons, from contract fundamentals and the Greeks to iron condors and butterflies. Drag, adjust, watch the payoff change.
Award-Winning Options Broker
Recognized across the industry for our complete package of options tools.
Best for professional
options traders
Best for Global Options Traders
Best for Advanced
Options Traders
Try IBKR Options Tools
Open an account to access every platform and options tool in this tour.
Where to Access IBKR Options Tools
Every options tool on this page and the platforms they run on.
| Options Tool |
Trader Workstation Most comprehensive |
IBKR Desktop Modern interface |
IBKR Mobile On the go |
|---|---|---|---|
| Option Chain & Combo Builder | |||
| Options Strategy Builder | |||
| Option Exercise / Roll | |||
| Performance Profile | |||
| Write Options | |||
| Options Analytics | |||
| ORATS Backtester | |||
| Options Lattice | |||
| OptionTrader | |||
| Options Portfolio | |||
| Option Strategy Lab | |||
| Volatility Lab | |||
| Probability Lab | |||
| Risk Navigator | |||
| Options Liquidity Tool | |||
| 3D Volatility Surface |
Available
Not Available
Options Trading FAQs
Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.