# Strikes: Options Paper Trading — Test trading ideas risk-free!

> Options trading strategy analysis and market sentiment tool. (iPhone/iPad app by UNBIASED & INTUITIVE LTD.)

- Source: https://appshunter.io/ios/app/strikes-options-paper-trading/id1590757331 (this page in markdown: same URL + `.md`)
- Developer: [UNBIASED & INTUITIVE LTD](https://appshunter.io/developer/1590545620)
- Category: Finance, Business
- Price: Free with in-app purchases
- Rating: 3.25/5 from 8 App Store ratings · 2 written reviews indexed
- Age rating: 12+
- Requires: iOS 13.0 · 66 MB
- Languages: English
- Released: 2022-10-11
- Data updated: 2026-06-10
- Monetization: freemium
- User reviews in markdown: https://appshunter.io/ios/app/strikes-options-paper-trading/id1590757331/reviews.md

## What is Strikes?

CALCULATOR:

Analyze the likely outcomes of options strategies using a real-time calculator and strategy-builder:
a) Performance metrics: Probability of Profit, Max Gain &Min/Max Loss
b) Risk metrics. The so-called “Greeks”: delta, gamma, theta, etc.
c) Strategy builder. Generate options strategy based on expectations about the price move.


CALENDAR OF KEY EVENTS:

Keeping track of upcoming important events that are likely to have a significant impact on prices:
a) Earnings calls. Affect virtually all listed companies. Stock prices tend to significantly fluctuate depending on whether the results were better/worse than expected. Options prices almost always tumble post-announcement due to the decrease in uncertainty.
b) FDA decision announcements. Potential make-or-break event for pharmaceutical companies. The effect is more pronounced for smaller firms that have higher dependency on that particular drug/treatment that’s being reviewed by the FDA.
c) SPAC-related events. SPACs (Special Purpose Acquisition Companies) have a set of scheduled events that could drastically affect the future of the company.


MARKET VIBES/SENTIMENT:

By analyzing the options prices, we can cut out the noise and uncover what the market actually feels, not what the analysts say:
a) Stock/ETF price direction. By measuring the so-called implied volatility skew we can identify whether market is valuing more calls or puts, and as such determine which move is likelier: up or down.
b) Move magnitude. By analyzing options prices we can judge the expectations about the move: the higher the options prices the larger is the expected move.
c) Future volatility. By analyzing options prices of different maturities (expiration dates) we can determine whether the market expects volatility to subside or increase in the future.


DISCLAIMER:

Options trading involves a high degree of risk and is not suitable for all investors. Strikes is not a registered investment advisor. The calculations, information, and sentiment in this app are for educational purposes only and do not constitute investment advice. Calculations are estimates and do not account for all market conditions and events.

You can check our Terms of Use here:
https://firebasestorage.googleapis.com/v0/b/strikes-fb13d.appspot.com/o/strikes_terms_of_service.pdf?alt=media&token=2c26b7b1-c795-4b15-ac37-f8fe29eb6b04

And our Privacy Policy here:
https://firebasestorage.googleapis.com/v0/b/strikes-fb13d.appspot.com/o/Privacy%20Policy.pdf?alt=media&token=21f99967-a270-482f-af8e-d12a882ce9e9

## Key features

- Real-time options strategy calculator
- Performance and risk metrics (Greeks)
- Strategy builder based on price expectations
- Calendar of key market events (earnings, FDA)
- Market sentiment analysis via options prices
- Implied volatility and price direction indicators

## Pricing and in-app purchases

Base price: Free.

**Subscriptions**

| Subscription | Price | Period |
| --- | --- | --- |
| Monthly Subscription | $6.99 | per month |
| Yearly Subscription | $49.99 | per year |


## Recent user reviews (2 of 2)

All indexed reviews: https://appshunter.io/ios/app/strikes-options-paper-trading/id1590757331/reviews.md

### 1/5 — Can’t close positions.

*2024-06-25*

Refuses to load any open positions half the time and switches to a gray screen when I try to close my calls. Terrible functionality.

### 5/5 — Easy to practice spreads

*2023-07-29*

Easy to paper-trade spreads although I also want being able to sort based on volume, implied, etc.

## Frequently asked questions about Strikes

### What is Strikes?

Strikes is a paper trading application designed to help users analyze options trading strategies. It offers a real-time calculator, strategy builder, and market event calendar for educational purposes.

### Does Strikes offer a free trial?

Yes, Strikes offers a 7-day free trial for both its monthly and yearly subscription plans. After the trial, the monthly plan is $6.99 and the yearly plan is $49.99.

### What are the subscription options for Strikes?

Strikes offers a Monthly Subscription for $6.99/month and a Yearly Subscription for $49.99/year. Both plans include a 7-day free trial.

### Is Strikes suitable for beginners?

Yes, Strikes is designed for educational purposes and allows users to test trading ideas risk-free. It provides tools to understand performance metrics and market sentiment without financial commitment.

### What kind of market events does Strikes track?

Strikes tracks key market events that can significantly impact prices, including earnings calls, FDA decision announcements, and SPAC-related events.

### How does Strikes analyze market sentiment?

Strikes analyzes market sentiment by examining options prices to gauge expected stock/ETF direction, move magnitude, and future volatility, cutting through analyst noise.

### Is Strikes available on all devices?

Strikes is currently supported on iPhone, iPad, and iPod. It is rated for users aged 12 and older.

### When was Strikes last updated?

The latest version of Strikes, 1.3.9, was last updated on May 15, 2023. The app was initially released on October 11, 2022.

## Version history (last 5 releases)

### 1.3.9 — 2023-05-15

- Bug fixes

### 1.3.8 — 2023-01-21

- Bug fixes

### 1.3.6 — 2023-01-19

- Bug fixes

### 1.3.5 — 2023-01-07

- Bug fixes

### 1.3.4 — 2023-01-05

- Bug fixes

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*