Options strategies you can understand, practice, and automate
Odessati makes defined-risk options strategies easier to explore. See every trade in plain English, understand the potential gain and maximum loss, practice at your own pace, and automate a strategy only when you're ready.
Start with $10,000 in fake money and a limited practice symbol catalog—no brokerage account or credit card required.
New to options? Read the plain-English guide.See a trade in plain English
This guided example uses fictional stocks and prices. Let it play, or adjust the controls yourself.
If ACME stays $44.00 for 7 days, you will keep the $20.00 credit.
See how credit and collateral work
Credit is the amount collected when a trade opens. Collateral is money set aside to cover its defined maximum loss. Follow the example to see what happens in either outcome.
You start with $1,000 in your account. Nothing at risk yet.
Follow a trade from start to finish
Choose any winning or losing example to see how its value changes over time. The examples play automatically, and you can take control at any point.
Turn your rules into a repeatable strategy
When you find criteria you like, save them as a strategy. Odessati checks on your schedule and only trades when every rule is met.
"Every Monday, find put credit spreads on SPY and QQQ with 14-45 DTE, at least 8% return on risk, and no more than $500 collateral per trade."
Your strategy is saved and ready. It checks every Monday, so you don't have to watch the market.
Learn at your own pace
You don't need to know options terminology to explore Odessati. Open the guide whenever you'd like a little more context.
Learn how credit spreads work A plain-English overview · about two minutes
A credit spread is a defined-risk options trade. You collect money, called a credit, when the trade opens. In return, you accept a known maximum loss if the stock moves beyond the price range you chose.
Credit upfront
You collect the credit when the trade opens. Your final result depends on what it costs to close or settle the trade.
Risk shown first
Your collateral and maximum loss are calculated before you place the trade.
Rules you choose
You choose the price, time frame, and amount of risk that fit your plan.
An iron condor combines two credit spreads: one below the stock price and one above it. The trade can work when the stock stays between those two sides, while the maximum risk remains defined in advance.
Practice mode lets you explore these choices, watch trades change, and build confidence without putting real money at risk.
Start where you are
Learn the basics, practice without pressure, or build a repeatable strategy. You decide how far to go.
Understand each trade
See the idea in plain English before diving into the details: what needs to happen, what you could gain, and the most you could lose.
See the important numbers
Credit, collateral, maximum loss, potential return, and estimated probability are updated as you adjust a trade.
Practice without pressure
Use fake money and a limited catalog of supported stocks and ETFs. Take your time and learn without risking real capital or connecting a brokerage.
Automate only when you're ready
Choose what to trade, when to look, and how much risk to allow. Odessati follows the schedule and rules you set.
Questions are welcome
Open any answer when you'd like a little more detail.
I'm new to options. Is that okay?
Absolutely. Odessati starts with plain-English trade summaries and guided examples. You can learn one idea at a time, practice for as long as you like, and leave the advanced details closed until you want them.
Can I try Odessati without real money?
Yes. During beta, you can sign up free and start with $10,000 in fake money. Practice mode uses a limited catalog of supported stocks and ETFs and does not require a brokerage account or credit card.
Do I need a brokerage account?
Not for practice mode. If you later choose live trading, Odessati connects to Tradier through OAuth, so we never see or store your brokerage password.
Can Odessati trade automatically?
Yes, when you decide you're ready. You choose the symbols, schedule, entry rules, exit rules, and risk limits. Odessati only acts when the strategy meets the rules you set.
How much money do I need for live trading?
The amount depends on the width of the spread you choose. Many credit spreads require $100–$500 in collateral per trade. Odessati shows the collateral and maximum loss before you place anything.
Can I lose more than the amount shown?
Odessati currently focuses on defined-risk credit spreads and iron condors. The interface calculates the maximum loss from the trade you build, so you can review the risk before deciding whether to place it.
Explore at your own pace
Create a free account and follow your first practice trade in about two minutes. No credit card or brokerage account required.
Get started freeRisk Disclosure: Options trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Historical data and backtested strategies shown on this platform are for informational purposes only and do not guarantee future performance. You could lose some or all of your investment. Please consult with a qualified financial advisor before making any investment decisions. Odessati is not a registered investment advisor or broker-dealer.