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Option Alpha Review – Proven Strategies for Options Trading

Option Alpha Review

The true advantage lies in the commitment to the individual traders. However, it’s important to find a firm that you can trust to kickstart that journey. Option Alpha is an online platform dedicated to empowering traders with education, tools, and strategies for successful options trading. 

It offers a range of resources including courses, videos, and a free Telegram channel, focusing on advanced trading techniques and emphasizing the importance of mastering a single setup before diversifying.

We will thoroughly assess Option Alpha’s legitimacy, examining all essential aspects expected of a reliable AI trading company. Stay tuned as we delve into its offerings and values, providing a comprehensive evaluation.

General information
Name Option Alpha
Type of the company AI Trading Tool
Regulation status Not expected
Warnings from Financial Regulators No official warnings
Website link 
Active since Use Active since info
Registered in USA
Contact info [email protected] / +1 (305) 396-9118 
Trading platforms N/A
Majority of clients are from United States, Canada, United Kingdom, Australia
Customer support Email. Webform
Compensation fund Available

About the Founder

Kirk Du Plessis, the Founder of Option Alpha, holds a BS in Finance from the University of Virginia’s McIntire School of Commerce. Kirk’s expertise spans various aspects of finance and trading, including options, technical and fundamental analysis, understanding company financials, and the impact of economic indicators on stocks. Additionally, Kirk is experienced in utilizing trading platforms and tools for order execution, data feeds, and market access. 

Option Alpha – Calendar

Option Alpha calendar spread is a multi-leg, risk-defined strategy used in options trading. This strategy profits from a slightly higher move in the underlying stock within a given range, as well as from a rise in implied volatility. It is considered a low-cost way to take advantage of low implied volatility options. 

Calendar spreads can be lost if the underlying stock moves too far in either direction. Additionally, the risk in this strategy is limited to the width of the net debit paid for the spread. Profit potential is maximized if the stock settles at the strike price at expiration. On another note, for users looking for a reliable brokerage firm, check out our Finansero Review, a broker with a regulatory license. 

User Reviews

Delving into Option Alpha reviews, we found mixed statements reflecting user experiences. Potential clients can visit the popular source Trustpilot for an in-depth evaluation of the reviews. The platform received only 5 reviews with an average score of 3.5 out of 5.

Some users laud Option Alpha as the premier option trading website, praising its wealth of free education that is easy to follow and professionally presented. However, cautionary voices are advising against a new service offering automated Option Alpha bots for trading stock options, suggesting that it may not be a reliable means to earn profits.

One of the key concerns raised is that users do not own the bots or the data, and their connections are made via API to avoid direct control over funds. This lack of ownership might be a deterrent for some traders. 

By the look of the reviews, and despite some challenges, users find Option Alpha automated trading to be great for beginners, particularly praising its auto-trading features and the option for paper trading, which allows users to test their strategies before transitioning to live trading.

Additional Feedback

We also found some Reddit comments which provide a range of perspectives on Option Alpha. Some users express concerns about the authenticity of the reviews on Option Alpha’s website, suggesting that some reviews may have been fabricated. They point out that a lot of ‘clients’ can be found on different websites, indicating potential falsification.

Others, on the other hand, defend Option Alpha, noting that educational videos and podcasts are highly informative and valuable. They appreciate the free content and training provided by Option Alpha.

All in all, while there are concerns about the Option Alpha trading platform, many users value Option Alpha for its educational content and their overall transparent approach to trading education. However, going through mixed reviews can be challenging, so be sure to review every option before committing to any platform.


Going through Option Alpha pricing, we were pleased to see the platform offers a free trial as well, including their pricing options as well. There are 3 plans available for any trader, concerning their requirements and budget.


  • USD 79 / Monthly or USD 69 / Monthly – with an annual plan
  • 10 bots
  • 100 backtests per month
  • USD 25k limit per bot


  • USD 99 /Monthly or USD 79 / Monthly with an annual plan
  • 20 bots
  • 250 backtests per month
  • USD 50k limit per bot


  • USD 199 / Monthly or USD 159/ Monthly with an annual plan
  • 50 bots
  • 500 backtests per month
  • $100k limit per bot

As stated, users can try Option Alpha completely free for 30 days. We always value the firm more when they also introduce a free trial, allowing users to get familiar with their options. Users be sure to sign up for a free trial before deciding on a pricing point.  Users should take advantage of the free trial to assess the platform’s suitability for their needs.

Does Option Alpha Offer a Refund?

On a positive note, the platform offers traders a flexible refund policy, ensuring their subscriptions are more intriguing to users. With no contracts or commitments, traders can cancel at any time, making it easy to manage their accounts. The platform also provides a 30-day free trial, allowing users to explore the features before committing.

For annual plans, refunds are available within 7 calendar days of an automatic renewal billing. This policy ensures that traders have the opportunity to receive a refund if they are not satisfied with the service. This transparency and flexibility in the refund policy demonstrate Option Alpha’s commitment to customer satisfaction and confidence in its service.

Telegram Channel

The platform offers a free Telegram channel for trading enthusiasts. Their content includes sharing videos on trading and exchanging insights on options professionally. Additionally, the channel provides updates on market trends, trading tips, and opportunities, enhancing the trading experience for its community members. Currently, the Option Alpha Telegram channel holds 36.2K subscribers.

Conclusion – Option Alpha

To sum up, Option Alpha’s strategies, education, and tools for successful options trading seem legitimate. Despite mixed user reviews regarding automated trading and concerns about review authenticity, many users value Option Alpha for its educational content and transparent approach. 

With a flexible refund policy and a range of pricing options, Option Alpha remains a valuable resource for traders seeking to enhance their trading skills and strategies. Nonetheless, we strongly recommend that potential clients conduct valid data independently. Considering all advantages and disadvantages, as well as consulting online reviews, is crucial for gaining a comprehensive understanding of the company.


What is Option Alpha?

Founded by Kirk Du Plessis, it’s a platform that offers a range of resources, dedicated to empowering traders with education, tools, and strategies for successful options trading.

Is Option Alpha Legit?

The platform seems legitimate. However, as with any trading platform, users are advised to evaluate the platform's offerings further to determine if they align with their trading goals and preferences.

How to Choose the Right Trading Firm?

Seek firms that are transparent about their services, research, and compare different firms which can help in the decision-making process.

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