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:

Bullish, Bearish and Hedging Options Strategies

Trade your view on the names you follow, or hedge a position you already hold.

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Income-Generating Options Strategies

Collect premiums against positions you already hold, with covered calls and cash-secured puts.

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Volatility and Neutral Options Strategies

Trade volatility itself rather than direction, with straddles, strangles, and multi-leg structures.

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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.

Explore Option Strategy Lab

Options Liquidity Tool

Post bids and offers inside the NBBO and interact with IBKR order flow, using IBUSOPT.

Explore Options Liquidity Tool

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.

Explore Performance Profile

Hands-on Lessons

Interactive, drag-and-learn

Option Chains Vertical Spreads

Go Deeper

Traders' Academy

Bull Call Spread Bear Put Spread

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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.

Explore Write Options

Rollover Options

Find positions approaching expiration and roll them to a later date in a single order.

Explore Rollover Options

Risk Navigator

Check how a written position changes portfolio exposure before you place it, and where delta, gamma, theta, and vega sit afterwards.

Explore Risk Navigator

Hands-on Lessons

Interactive, drag-and-learn

Hedging with Options Option Chains

Go Deeper

Traders' Academy

TWS Write / Rollover Tool Trading Covered Calls

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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.

Explore Volatility Lab

Probability Lab

See the market-implied probability distribution, set your own outlook, and find strategies that fit it.

Explore Probability Lab

OptionTrader

Quote and work your orders in volatility rather than price terms, alongside chains, market data, and the underlying, all in one workspace.

Explore OptionTrader

Hands-on Lessons

Interactive, drag-and-learn

Straddles and Strangles Iron Condors

Go Deeper

Traders' Academy

Trading Option Volatility Neutral Market Strategies

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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.

Explore Risk Navigator

Options Lattice

30-day price history with volume, open interest, and implied volatility across every strike.

Explore Options Lattice

Options Strategy Builder

Build a strategy from the chain and see the payoff before you send it.

Explore Options Strategy Builder

Probability Lab

Set your own probability distribution against the market-implied one and find the structures that fit.

Explore Probability Lab

Write and Rollover Options

Scan positions for eligible calls and puts to write, then roll them as expiration approaches.

Write Options

Rollover Options

ORATS Backtester

Backtest options strategies and combinations on the 100 most popular symbols, in the Discover tool.

Explore ORATS Backtester

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.

Open the Interactive Module

See Full Options Curriculum

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

See All Awards

Try IBKR Options Tools

Open an account to access every platform and options tool in this tour.

Open Account

Where to Access IBKR Options Tools

Every options tool on this page and the platforms they run on.

Compare All Platforms

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

Interactive Brokers offers Probability Lab, Options Lattice, Option Strategy Lab, OptionTrader, Performance Profile, Write Options, Rollover Options, Options Analytics, Volatility Lab, Options Strategy Builder, Risk Navigator, the Options Liquidity Tool, and the ORATS Backtester. Together they cover strategy discovery, risk analysis, volatility research, multi-leg orders, and position management across IBKR platforms.

Option Strategy Lab compares the strategies that express a view, the Options Liquidity Tool posts the order between the NBBO, and Performance Profile shows how the position behaves across a range of underlying prices. Together they cover bullish and bearish trades and hedges such as protective puts, from same-day expirations to longer-dated positions.

Writing a covered call collects premium against shares you already hold, without selling them. A cash-secured put collects premium against cash set aside to buy them. At Interactive Brokers, Write Options scans for eligible positions, Rollover Options handles expiration, and Risk Navigator shows how a written position changes portfolio exposure. These strategies carry risk, including assignment and giving up gains above the strike, and are not suitable for all investors.

Volatility Lab compares implied against realized volatility, Probability Lab sets your own distribution against the market-implied one, and OptionTrader quotes in volatility terms. Together they support long and short straddles and strangles, and iron condors. Review the risks, costs and approvals required before placing any options trade.

Risk Navigator runs what-if scenarios across a portfolio, showing where delta, gamma, theta and vega sit and how those exposures may respond to changing market conditions. It supports position sizing, hedging and portfolio risk review.

Options Strategy Builder builds multi-leg orders straight from the option chain, showing the payoff before the order is sent. It handles strategies whose legs must be entered together, including vertical spreads, straddles, strangles, condors, and calendars.

IBKR clients can connect Claude, ChatGPT, Grok, and other AI tools to their account to research and analyze options using live data. Review outputs independently, since AI models have limitations and do not account for an individual trader's objectives or risk tolerance.

You can initiate an incoming account transfer through Client Portal by selecting Transfer & Pay > Transfer Positions > Incoming. For U.S. brokerage accounts, eligible assets can generally be transferred electronically through ACATS.

Yes. ACATS supports eligible U.S.-listed options, as well as U.S. stocks, warrants, mutual funds, bonds and USD cash. You can request a full transfer or select individual positions to transfer.

Generally, no. Eligible securities can be transferred directly from your current broker to your IBKR account without selling and repurchasing the positions.

Under normal circumstances, ACATS transfers typically take 3 to 8 business days. Certain assets, including some mutual funds and non-U.S. securities, may require additional processing time.

IBKR does not add a fee for incoming ACATS transfers. Your current broker may charge a transfer fee, which IBKR will pass through where applicable.

Yes. You can request either a full ACATS transfer or a partial transfer of selected eligible assets.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Options Trading Tools Built for Your Strategy