OptionsPlay’s Partnership with National Bank Direct Brokerage

12 March 2021 by OptionsPlay
OptionsPlay x National Bank Partnership

Whether you are brand new to options trading and learning the basics, or have never traded options before and are trying to figure out where to start, the OptionsPlay platform can be a good starting point. Even experienced options traders can save time and gain insight by leveraging the power of OptionsPlay.  

What is OptionsPlay?

OptionsPlay is designed to show investors of all experience levels, even those that don’t intend to use options, new ways to find opportunities on either bullish or bearish markets by integrating technical indicators into their research analysis, all while providing quick and easy starting points for trading and income strategies.

Whether you’re a stock, ETF or options investor, our proprietary analysis of trends and relative strength is merged with traditional technical analysis scans to provide actionable ideas each morning.  You can also create watchlists to have a quick view of the stocks or ETFs that interest you.

OptionsPlay watchlist


 

Charts

The OptionsPlay charting tool displays support and resistance zones, trend analysis and overbought/oversold levels, as well as price action analysis to help you gauge the directional movement of a stock or ETF at a glance.

OptionsPlay chart


 

Options Strategies

For options investors, the trading and income panel provides an interactive, easy to use interface. Investors can effortlessly compare different options strategies while adjusting for price targets, implied volatility, and expiry dates. Our proprietary options scoring metric, the OptionsPlay Score, allows investors to compare any 3 strategies side by side and gauge risk/reward metrics.  

OptionsPlay strategies


 

Our P&L Simulator provides insights into the risks and rewards of each strategy and how they will perform under various circumstances.

OptionsPlay simulator


 

Lastly, the strategy checklist ensures investors are aware of the possible risks and barriers to each trade.

Income section

Investors looking to generate additional income by writing covered calls on their existing securities, or selling cash-secured puts to buy shares at a lower price or to pocket the income, will certainly appreciate the income section.  Just like the trading section, it provides a starting point and will allow them to unlock investment opportunities by modifying their expiration and strike prices, and easily determine their potential payoff and risk. 

OptionsPlay income


 

With access to over 65 technical indicators, profit and loss simulations, more than 40 complex strategies, strategy checklists, and much more, OptionsPlay is the must-have tool for investors of all experience levels!


 

OptionsPlay logo

The information and data contained in OptionsPlay was obtained from sources believed to be reliable, but accuracy is not guaranteed. Neither the information, nor any opinion expressed, constitutes a recommendation to purchase or sell a security, or to provide investment advice.

The information contained on this site is provided for general informational purposes, as a convenience to clients. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. OptionsPlay is not engaged in rendering any legal or professional services by placing these general informational materials on this website.

Legal disclaimer

The articles and information on this website are protected by the copyright laws in effect in Canada or other countries, as applicable. The copyrights on the articles and information may belong to the National Bank of Canada, its subsidiaries or other persons. Any reproduction, redistribution, communication by telecommunication, including indirectly via a hyperlink, or any other use thereof that is not explicitly authorized, of all or part of these articles and information, is prohibited without the prior written consent of the copyright owner.

The content of this Web site is provided for general information purposes and should not be interpreted, considered or used as if it were financial, legal, fiscal, or other advice in any way. In addition, the information presented on this Web site, whether financial, fiscal or regulatory, may not be valid outside the province of Quebec.

This article is provided by National Bank Direct Brokerage (NBDB) for information purposes only. It creates no legal or contractual obligation for NBDB and the details of this service offering and the conditions herein are subject to change.

The hyperlinks in this article may redirect to external websites not administered by NBDB. NBDB cannot be held liable for the content of external websites.

Views expressed in this article are those of the person being interviewed. They do not necessarily reflect the opinions of NBDB.

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