Options AI raises $4.1 million to offer advanced options trading to investors

Rick Steves

For many, a lack of innovation combined with inherent market complexities means the path to more advanced trading remains highly challenging. Options AI wants to change that.

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Options AI has closed an oversubscribed $4.1 million seed round to develop its unique brokerage platform putting option spreads in the toolkit of retail investors.

The funding round was led by Akuna Capital, Optiver Principal Strategic Investments, and Miami International Holdings, Inc., with participation from ViewTrade Holdings.

John Foley, Chief Executive Officer of Options AI, commented: “Technology has helped fuel a resurgence in active investing, but it hasn’t levelled the playing field for retail investors.

“With options, the focus has been on getting investors to their first-trade, not improving access to more advanced trades. That puts retail investors at a disadvantage and is why we built Options AI to be the first platform where it’s as straightforward to trade multi-leg spreads as it is to buy a stock.

The options market has skyrocketed in recent years with a significant increase of retail investors in a move that has been partially fueled by government stimuli during the pandemic.

Options are attractive for retail traders seeking outsized returns and active investors wanting option spreads for purposes of income generation, to risk less capital, or as a stock alternative.

This market is very popular among professional traders and financial institutions as a hedging tool, but Options AI seems to be mostly addressing retail investors looking for a simple way to bet on the markets with a little help from artificial intelligence.

“It’s time to upgrade the entire options experience for retail investors. We’ve designed Options AI as a co-pilot through the options chain. A simple and intuitive interface that gives newer investors the confidence to graduate to spreads combined with powerful features to give savvy investors the most efficient trading experience”, chief executive Foley added.

For many, a lack of innovation combined with inherent market complexities means the path to more advanced trading remains highly challenging. Options AI wants to change that.

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