Options.ai
Visual brokerage platform for advanced options strategies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$4.1m | Seed | ||
| Total Funding | 000k | ||
Options AI is a financial technology company that operates a brokerage platform designed to simplify options trading for retail investors. Founded in 2017 by John Foley, Alex Griffiths, and CC Lagator, the New York-based firm aims to provide individual traders with access to the advanced, defined-risk strategies used by institutional investors.
John Foley, the CEO, previously co-founded and managed an institutional brokerage firm for a decade. This experience highlighted the disparity between professional and retail trading strategies, which led to the creation of Options AI. The founding team, which includes an experienced options market maker and a serial entrepreneur, developed a platform to make complex option spreads more intuitive and accessible.
The company's core product is its patented, visual trading platform that bypasses traditional options chains. It features an interactive chart that displays a stock's expected future price range based on real-time options market data. Users can generate and compare various strategies, such as credit and debit spreads, by visually selecting price targets on the chart. The platform also offers tools for trade management, a paper trading account for practice, and a mobile app for trading on the go.
Initially operating as a FINRA-registered broker-dealer (Options AI Financial LLC), the company has since shifted its business model. It now operates on a subscription basis and partners with Tradier for brokerage services, which allows Options AI to focus on technology and feature development. Previously, it operated on a flat $5 commission per options trade, regardless of size. In October 2021, Options AI closed a $4.1 million seed funding round with investment from firms including Akuna Capital, Optiver Principal Strategic Investments, and Miami International Holdings.
Keywords: options trading, brokerage platform, visual trading, option spreads, retail investors, financial technology, defined risk strategies, stock trading platform, institutional strategies, trade management, investment tools, mobile trading, credit spreads, debit spreads, expected move, John Foley, Akuna Capital, Optiver, MIAX, Tradier