Iron Condor Options vs OptionMice

Iron Condor Options is an options simulator and a structured course in one app. Build the Iron Condor, learn what calls and puts actually do, and watch the payoff diagram of any options strategy redraw as you change it. THE STRATEGY SIMULATOR Build any position up to four legs. Combine calls and puts, long and short, across different strikes and expirations. Move spot, IV, and DTE and watch the payoff curve, the breakeven, and the aggregated delta, gamma, theta, and vega update on every frame. Pull a live options chain for a real ticker to start from current strikes and IV, or work fully offline from typical values. Save any position to your library and reopen it later. LEARN OPTIONS, ONE LESSON AT A TIME 55 lessons across four tracks, each one written to be read in 4 to 8 minutes. Foundations: what an option is, calls, puts, premium, strike, expiration. Greeks: delta, gamma, theta, vega, and how each one moves a position. Mechanics: vertical spreads, the Iron Condor, butterfly, calendar, strangle, and how every one is built. Mastery: adjusting, rolling, and managing a position that moves against you. A free Iron Condor Fast Track links nine of these lessons into one path, from your first call to the namesake trade in about half an hour. 24 OPTIONS STRATEGIES, EVERY PAYOFF DRAWN A reference card for every named structure: long call, long put, vertical spread, the Iron Condor, iron butterfly, calendar, strangle, straddle, ratio spread, covered call, and the rest. Each card lays out the structure, max profit, max loss, breakeven, when to use it, and a worked numeric example. The payoff diagram on each one is drawn by a real Black-Scholes pricer, not a stock image. FOUR CALCULATORS A Black-Scholes pricer with the full set of Greeks. Implied volatility solved backward from a market price. Probability of touching a level and of finishing ITM at expiration. A DTE counter for any expiration date. PRACTICE AND REFERENCE 60 quiz questions across four categories. Answer three in a row and the category is marked as mastered. Test out of lessons you already know. A glossary of 50 terms in plain language, searchable, each with an example. Typical IV ranges for 63 popular tickers, useful as a sanity check on a chain or a starting point for the simulator. HOW IT WORKS Lessons, strategies, glossary, calculators, and quiz are bundled in the app. No account, no signup. The simulator fetches a live options chain only when you want real strikes and IV, and falls back to typical values when you are offline. Every calculation runs on your device. No subscription. The app is free, with one optional Remove Ads purchase for US$4.99. Languages: English, Português, Español. Educational reference only. This app is not investment advice. Trading options carries a substantial risk of loss.

OptionMice makes learning options trading as addictive as a game. Bite-sized lessons, real understanding, no jargon, no boredom. Most options courses bury you in formulas. OptionMice teaches the way your brain actually learns: short, gamified lessons that start with a plain-English analogy and build to real fluency, one concept at a time. WHAT YOU'LL LEARN • Calls, puts, and how options really work • The Greeks (Delta, Gamma, Theta, Vega), finally explained simply • Buying vs. selling, spreads, and volatility • Earnings plays, risk management, and the trader's mindset • 300+ lessons across 12 modules, from Beginner to Advanced • Ten guided strategy paths: Market Basics, Options Quick Start, Covered Calls, The Wheel, Credit Spreads, The Poor Man's Covered Call, Trading Earnings, Finding the Trade, Position Management, and The Part-Time Trader (start each one free, full paths with Premium) WHY IT WORKS • Learn by doing. Drag interactive payoff diagrams, strike builders, and volatility simulators • Daily challenges to keep your streak alive • Earn XP and level up from Paper Trader to Market Wizard • Unlock hidden rewards and collectible journal entries as you master each module • Fun Facts: eight true stories from the history of options, waiting in your Notebook • Most lessons take just 5 minutes • Track your XP, streak, and progress through every module Whether you've never bought an option or you just want to finally understand the Greeks, OptionMice meets you where you are and makes the climb genuinely fun. OPTIONMICE PREMIUM Free users get the full course, all 300 lessons, with a daily limit. Premium unlocks: • The full practice market: all eight fictional tickers, five positions at a time, with rolls and defenses (free opens one position on the week's featured name) • Ask Warren, the AI tutor: any question re-explained a fresh way, right inside the lesson • Trading DNA: your accuracy and mastery by topic, strongest and weakest areas at a glance • A personalized study plan built from your weak spots • An adaptive daily challenge that targets what you miss • No daily lesson limit • The ten guided strategy paths in full, past their free opening lessons Premium is $9.99/month or $59.99/year (7-day free trial on the annual plan). Subscriptions renew automatically until canceled in your App Store account settings. Terms of Use: https://app.optionmice.softwaremice.com/terms Privacy Policy: https://app.optionmice.softwaremice.com/privacy IMPORTANT OptionMice is an educational app. It does not provide financial, investment, or trading advice, and nothing in the app is a recommendation to buy or sell any security. All examples are hypothetical and for illustration only. Options trading involves significant risk. Always do your own research or consult a licensed professional.