Preview
Description
Leaving desktops in the dust! Invest in stocks, options, and ETFs, all with competitive commissions. Minimum initial deposit of $5,000. Optionality by Lightspeed is a modern trading app designed to bridge the gap between brokerage and technology, creating meaningful trading experiences for retail investors. We aim to empower active investors by enhancing the world of options trading, bringing real accessibility to the market for the first time. We all want a leg up in the market, so we aim to meet you where you are, whether you're just getting started or have been searching for a new way to trade. We believe knowledge is power, but you shouldn't have to do it alone. So we’ve created a mobile trading app designed to filter options trades based on your risk tolerance and affordability. No more confusing options chains! Utilize proprietary algorithms to shop for available trades by expiration. Our technology filters trades by max loss and max gain, so you can measure your risk tolerance before placing a trade. Navigate volatile markets like never before: Access unique market sentiment gauges, trending tickers, and educational data through our Discover tab -Crowd wisdom -Hedge fund trends -Blogger sentiment -Analyst consensus -News sentiment OUR REVIEWS SPEAK FOR THEMSELVES! "For me, they strike the perfect balance between wanting to trade equities and naked options. I get better upside potential than trading equities, but there is less risk than trading calls & puts: - Raylosophy “The experience you get trading on Optionality is unmatched. It's extremely easy to understand even if you've never touched options. It explains your max profits and loss for each trade which is awesome" - Shahd N *Testimonials are from past Optionality users. No compensation was given* Disclosure: Disclaimer: Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). The Optionality mobile trading app is offered exclusively by Lightspeed Financial Services Group LLC (“Lightspeed”). SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck. All investments involve risk and past performance of any security does not guarantee future results or returns. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Lightspeed makes no guarantee as to the accuracy or quality of information published and/or archived on the platform, nor will Lightspeed accept any responsibility for other organizations, businesses, and private persons that provide information on this platform. All information on the platform regarding products and services provided on the Optionality app is subject to change without notice. Lightspeed is not responsible for misprints, out of date information, or errors. Lightspeed does not provide any financial or investment advice. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Options trading involves a high degree of risk and may involve total loss of investment. Options spreads, specifically, offer the benefit of projected maximum gain and loss positions defined as “defined risk trades” and “defined outcomes”, but in rare situations may result in gain/loss in excess of the projected cap. For more information on options, please read Characteristics and Risks of Standardized Options before deciding to invest in options.
What's New
Version 4.1.4 2025-02-02
Temporarily disabled credit spreads trading. Version 4.1.3 2025-01-28
- Onboarding features and functionality - Market Data agreement updates - Banking status updates Version 4.1.2 2024-09-24
Onboarding Enhancements Version 4.1.0 2024-09-21
UI Enhancements Version 4.0.9 2024-09-07
Onboarding Flow Update Version 4.0.8 2024-09-03
UI enhancements Onboarding flow update Sign In Fix Version 4.0.7 2024-08-14
Trading Enhancement Patched Onboarding Notifications Version 4.0.6 2024-08-02
Time In Force Banking UI Enhancements Version 4.0.5 2024-07-25
Updated support phone and email Version 4.0.2 2024-07-09
-Improved UI -Enhanced user messaging App Store User Reviews
Shahd N. 2023-01-27
By far the best app for trading options and actually making a good profit
The experience you get trading on Optionality is unmatched. It’s extremely easy to understand even if you’ve never touched options. It explains your max profits...The experience you get trading on Optionality is unmatched. It’s extremely easy to understand even if you’ve never touched options. It explains your max profits and loss for each trade you make which is awesome. I had some funding issues and the CEO, Alec, reached out to me himself to see if there was anything he could do and helped resolve the issue. I also reached out with some questions about my max gain and selling options and he was extremely helpful in explaining how it works. You will not get that kind of client service from any other brokerage from Robinhood to Charles Schwab unless you have millions in your account. Download the app!! It’ll be beyond worth it.
guitrmakr 2022-10-10
Too slow on closing order execution
The app is easy to use and makes trading certain option types very simple to trade. My complaint is order execution, getting into a trade is fairly quick but cl...The app is easy to use and makes trading certain option types very simple to trade. My complaint is order execution, getting into a trade is fairly quick but closing a position even on a liquid stock like Tesla can take all day and still may not execute the closing trade so you have to try again the next day or the next. When the price you set is lower than the market for at least half of the time through out the whole day and the order doesn’t execute, that is frustrating. I’ll trade the identical option ( type, price, expiration date etc. ) on 2-3 other brokers and when I enter the same closing order it usually executes within a few minutes and if it doesn’t, I can edit the order by as little as 2¢ ($2.00) and it will usually execute instantly. Too slow on closing order execution. If they can get closing order executions up to a speed that resembles other platforms, I’d give it 5 stars but not until it accomplishes one of the most important parts of taking your profits where you want to.
RXSXSX 2023-08-18
It’s official, I love Optionality!!
Okay, this review is long overdue, but here it is: I love Optionality. As someone who's been successfully trading options since 2013, I've tried almost every t...Okay, this review is long overdue, but here it is: I love Optionality. As someone who's been successfully trading options since 2013, I've tried almost every trading app on the market, and Optionality is my favorite. I've used TOS, TD Ameritrade, E-trade, Firstrade, eTorro options (formerly Gatsby), Aries, Tradestation, etc., but the ease-of-use and streamlined approach offered by Optionality is the best. After choosing your ticker and direction, Optionality presents the entry cost, max/potential gain, risk level, and breakeven price. They also section off the prepackaged options by "Risk Bucket," allowing you to instantly choose the best option (pun intended) for your risk tolerance. In my opinion, having that readily available information improves confidence and speed of execution. For me, they strike the perfect balance between wanting to trade equities (shares) and naked options. I get better upside potential than trading shares, but there's (a lot) less risk than trading naked CALLS and PUTS. Here's an oversimplified Example: If I'm bullish on AAPL, I can find a prepackaged credit spread on Optionality for half the cost of a naked CALL, and the upside is exponentially more than buying shares. Lastly, let's talk about support. I've been able to reach customer support via phone and email. Email is a lot easier and pretty responsive (less than 30 minutes), but at least on one occasion (I've only called twice), I've been able to speak with someone and receive the support I needed. They’re nimble, thoughtful about app updates and open to feedback. Oh yeah...I don't Day Trade on Optionality, so I can't speak to any of that, but as someone who prefers to swing trade—I find it best to use limit orders (as opposed to market orders) on this platform.
rev williams 2022-05-12
Best App for Stock Trading!
This app offers the simplest way to trade stock on daily or weekly basis; with minimal investments. I started with $100 and profited $93 on a one week option tr...This app offers the simplest way to trade stock on daily or weekly basis; with minimal investments. I started with $100 and profited $93 on a one week option trade! I particularly like its built in risk assessment index tool for traders of varying investing appetite to easily choose an investing approach for a particular stock trade! (Within seconds). Also, the app provides a projection for the potential $$ max return and loss when choosing my investment. I find these two features are the most unique and beneficial feature for the investor. This investment app is a must have for all investors who want simple, practical, streamlined, and just easy to use way to participate in stock trading. Im on it daily!
nsjdjei ishdb sjsj 2022-10-19
Best Options App Ever!!
Such a cool app. I have been wanting to trade options for years but it was hard to get approval from my broker. Plus, I was so worried about the expense and ris...Such a cool app. I have been wanting to trade options for years but it was hard to get approval from my broker. Plus, I was so worried about the expense and risk. This app offers amazing spreads that I can trade with little money and little risk. 90% of people that want to trade options don’t because of cash, risk and confusion. This makes things easy, and one can learn fast without breaking the bank while always knowing your limited risk. I can not thank you enough for developing this Awesome App and I recommend anyone interested in trading options to start here. Wish I could give this 10 stars.
Jameson11 2022-06-08
Makes options trading so much easier!
I tried trading options through various other online platforms and didn’t really understand what I was doing - Optionality’s trading process is completely diffe...I tried trading options through various other online platforms and didn’t really understand what I was doing - Optionality’s trading process is completely different and makes way more sense to me! Everything is laid out clearly right in front of you, so it helps to make the possible scenarios understandable, while also making it easier to browse other potential trades. This has changed the way I trade options! I highly recommend to all levels of trading.
RMOM2121 2022-06-09
Great design and intuitive to use
I am a beginner when it comes to options and this awesome app takes all the guesswork out of building an options trade. I know exactly how much I can lose and m...I am a beginner when it comes to options and this awesome app takes all the guesswork out of building an options trade. I know exactly how much I can lose and make on each trade without having to build a complex options contract. Decide the direction you think the stock will go, and point and click on your pre-built trade. I use it to make extra money on the side and hedge against the market and my retirement account. This app is incredible!
Rumjungle 2022-08-18
Takes the “scary” out of option trading
I’m a casual stock trader, and have never really thought of getting into options because it’s such a foreign world to me. Optionality took the “scary” out of op...I’m a casual stock trader, and have never really thought of getting into options because it’s such a foreign world to me. Optionality took the “scary” out of option trading by making it super simple to understand what’s going on, how much I could lose or gain, how risky it is, etc. I highly recommend trying this out if you’re the type That is curious about options but concerned you don’t know enough about them to get involved.
StacksONstocks 2022-05-09
Trading options made easy
This app makes trading options very simple and fun. It has a Sportsbook feel so it really hit home with me personally. I would recommend this app to anyone wh...This app makes trading options very simple and fun. It has a Sportsbook feel so it really hit home with me personally. I would recommend this app to anyone who has interest in trading options - whether you are a beginner or expert. The odds are clearly defined, the tickets are live, and the app is so user friendly. I’m looking forward to making some money!
tk1751 2022-06-07
Learning a lot
First time deep diving into options, the app provides a smooth user experience with intuitive designs and discernible decision points to keep things simple whil...First time deep diving into options, the app provides a smooth user experience with intuitive designs and discernible decision points to keep things simple while providing key data points to make informed trades. The easy integration with my bank was another positive in the account creation process and the news feed keeps me up to date on relevant market events.
Technical Analysis
Package Overview Basic metadata
Bundle ID
com.optionality.mobile.app Current Version 4.1.4
Minimum iOS 15.6
Package Size App Store Size
Package Metadata 0 / 41 version records
Detailed binary, privacy manifest, framework, and Info.plist results have not been indexed for this package yet. The verified App Store and archive metadata above remains available.
Developer Information
Known Version Records
0 version records with stored package metadata • 41 known version records
Stored metadata does not guarantee a package is currently available to download.
| Details | Version / IDs | Version date | Action |
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| Not archived | v4.1.4 App Store ID: 872164749Build: 4.1.4 | 2025-02-02 12:51:08 | Request Version |
| Not archived | v4.1.3 App Store ID: 871784036Build: 4.1.3 | 2025-01-28 16:45:13 | Request Version |
| Not archived | v4.1.2 App Store ID: 869219568Build: 4.1.2 | 2024-09-24 14:40:23 | Request Version |
| Not archived | v4.1.0 App Store ID: 869161372Build: 4.1.0 | 2024-09-21 18:56:13 | Request Version |
| Not archived | v4.0.9 App Store ID: 868821266Build: 4.0.9 | 2024-09-07 10:55:44 | Request Version |
| Not archived | v4.0.8 App Store ID: 868723523Build: 4.0.8 | 2024-09-04 01:33:53 | Request Version |
| Not archived | v4.0.7 App Store ID: 868188055Build: 4.0.7 | 2024-08-14 04:16:43 | Request Version |
| Not archived | v4.0.6 App Store ID: 867921139Build: 4.0.6 | 2024-08-02 06:54:28 | Request Version |
| Not archived | v4.0.5 App Store ID: 867723543Build: 4.0.5 | 2024-07-25 05:08:42 | Request Version |
| Not archived | v4.0.2 App Store ID: 867332489Build: 4.0.2 | 2024-07-09 23:15:29 | Request Version |
| Not archived | v3.9.8 App Store ID: 867012448Build: 3.9.8 | 2024-06-27 01:34:45 | Request Version |
| Not archived | v3.9.7 App Store ID: 866854621Build: 3.9.7 | 2024-06-20 18:42:02 | Request Version |
| Not archived | v3.9.4 App Store ID: 866770664Build: 3.9.4 | 2024-06-18 07:53:23 | Request Version |
| Not archived | v3.9.2 App Store ID: 866745876Build: 3.9.2 | 2024-06-17 01:12:05 | Request Version |
| Not archived | v3.9.1 App Store ID: 863425119Build: 3.9.1 | 2024-06-14 21:01:04 | Request Version |
| Not archived | v3.2.1 App Store ID: 859237844Build: 3.2.1 | 2023-08-23 21:56:59 | Request Version |
| Not archived | v3.1.1 App Store ID: 858617667Build: 3.1.1 | 2023-07-20 19:45:10 | Request Version |
| Not archived | v3.1.0 App Store ID: 857168895Build: 3.1.0 | 2023-05-18 00:03:40 | Request Version |
| Not archived | v3.0.9 App Store ID: 856994965Build: 3.0.9 | 2023-05-13 00:29:21 | Request Version |
| Not archived | v3.0.8 App Store ID: 856579169Build: 3.0.8 | 2023-04-25 01:18:03 | Request Version |
| Not archived | v3.0.7 App Store ID: 856004781Build: 3.0.7 | 2023-04-01 22:48:41 | Request Version |
| Not archived | v2.9.3 App Store ID: 854627237Build: 2.9.3 | 2023-01-27 23:32:14 | Request Version |
| Not archived | v2.9.2 App Store ID: 854201070Build: 2.9.2 | 2023-01-03 21:22:52 | Request Version |
| Not archived | v1.1.671 App Store ID: 853775989Build: 1.1.671 | 2022-12-07 23:40:40 | Request Version |
| Not archived | v1.1.670 App Store ID: 853480434Build: 1.1.670 | 2022-11-30 12:08:00 | Request Version |
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