By Investor’s Business Daily, Inc.
On the surface this could be a good app on a number of levels, but it fails miserably. The strategies presented, once you select, do not display a graph of the strategy even though there is space for it. The market direction indicator never changes even though the market direction changed days ago on the IBD website. The open interest and high volume tables have no date attached so we don’t know if we are looking at old data. I asked for support through the app help section and got no response. I would stay away until these issues are fixed.
Hello, first I would like to say that I am an AVID user and supporter of all IBD products. With that said I don’t want to leave a bad review however a few things definitely need to be addressed and fixed or it can be costly. First, the app itself has no way to contact IBD for issues/glitches related to the app nor is the link in the App Store a functional link. Second, the apps “strategies” that are given, are often given at random during the day if not after close of the market; nor a notification given that a new Strega has dropped. For those that want to use the strategy or follow along it can be difficult to get in at the given information. Thirdly, the app is riddled with mistakes. Constantly on the “learning” section when a “call” is meant a “put” is stated or vice versa. This is also, and more dangerously carried out, in the “strategy” section. If you look at the recent XOM call debit spread strategy you will notice the strategy says to purchase 2 separate calls; this is not a call debit spread. To some this mistake is not so obvious and can lead to a misunderstanding in how certain strategies work or personal losses. I know IBD strives to provide top quality education and services and I realize these are errors abnormal for the quality of IBDs typical output, and given the young age of the app I am sure will be promptly fixed.
Love this app for options trade ideas. It also makes working with options really easy due to its straightforward explanations and educational videos.
Have been using the OptionsTrader app and loving it! Great UI and gamification that keeps me coming back. Options are a bit tricky and I’ve always been nervous to trade them but feel equipped with the right knowledge to take action. I appreciate IBD is touching on newer asset options that are more affordable and relatable to my investing path. Thanks, IBD!
Wanted to learn more about options trading when I came across this app and was pleasantly surprised. It’s very intuitive and easy to use, provides lots of insights in an interactive way. I also really liked the fact you get rewarded for learning! Overall a great app I would recommend.