Iron Condor Options vs OptionClaws

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.

OptionClaws is an options research app: scan the whole market for trades, build and stress-test any strategy, let the optimizer suggest a position for your price target, and keep a journal of what you actually traded. TOP TRADES A short ranked list of today's ideas across strategies (high-probability puts, wheel candidates, iron condors, covered calls and more), picked with liquidity and fill guardrails. Tap any one to see the full breakdown. STRATEGY BUILDER Start from a template or add legs straight from the option chain: calls, puts and shares, up to multiple expirations. See the payoff at expiration and on any date before it, breakevens, max profit and max loss, probability of profit and net greeks, and adjust strikes until the trade fits. OPTIMIZER Enter a symbol, where you think it will be and by when. The optimizer prices spreads, condors, butterflies, calendars and diagonals across the option chain and ranks them by return at your target, chance of profit, or a blend of the two. Set a budget or a max loss to keep it within your risk. WHOLE-MARKET SCANNER 23 strategies across every optionable stock and ETF: covered calls, cash-secured and naked puts, credit and debit spreads, iron condors, straddles, strangles, butterflies, ratio spreads, calendars and diagonals. Every row shows credit or debit, return on risk, probability of profit, max loss, breakevens and days to expiration. CUSTOM MULTI-LEG SCANS Build your own strategy, up to 4 legs picked by delta, percent from the stock price or strike width, and scan for it across the market, your watchlist or a list. 80+ FILTERS, NOW WITH FUNDAMENTALS Delta, IV rank, probability of profit, return on risk, liquidity, earnings and dividend dates, RSI and moving averages, plus fundamentals such as P/E, EPS and revenue growth, payout ratio and profitability. Start from 28 curated presets or save your own scans. TRADE JOURNAL Log trades by hand, straight from a scan or the builder, or import your broker's CSV. Close, roll and settle with a review step, then see win rate, expectancy, profit factor, drawdown, an equity curve, a P/L calendar and breakdowns by strategy, symbol, DTE and more. Paper trade any idea without real money. VOL REACTION See how a stock's implied volatility usually reacts to its price moves, and find the names whose IV broke that pattern today. LISTS AND WATCHLIST Star tickers, build named lists, or scan the members of a major index. EVERY TRADE EXPLAINED Payoff chart, greeks, breakevens, expected value, ATR scenarios and plain-English context on what the trade is and when it works. DATA Live stock prices during market hours, options data refreshed intraday. CONNECT YOUR AI Use OptionClaws from Claude, Grok and other MCP-compatible assistants through our MCP integration, and get real scan results back in the chat. ONE SUBSCRIPTION One Premium subscription unlocks every feature. Choose monthly or annual; current prices are shown in the app. OptionClaws is a research tool, not an investment advisor. Options involve substantial risk and are not suitable for every investor. You can lose more than your initial investment on some strategies. Nothing in the app is a recommendation to buy or sell any security, and past results do not predict future results. Subscriptions are billed to your Apple ID and renew automatically unless cancelled at least 24 hours before the end of the current period. Manage or cancel any time in your App Store account settings. Terms of Use: https://optionclaws.com/terms Privacy Policy: https://optionclaws.com/privacy