CBOE is proud to offer the new, state of the art Virtual Trade Tool designed to let you test your trading knowledge and market savvy without putting any money on the line.
Ever wanted to test a new strategy before putting it into action? With virtual options trading, you can and best of all, this virtual options tool is completely free to use! You'll even get to experiment with complex orders and advanced strategies like one-cancels-other (OCO), and much more.
Trade Screens
- Get a feel for the real thing by using our virtual trade screens.
- Virtually trade stocks, options, spreads, straddles and covered call trades.
- Experiment with advanced order strategies like triggers and one-cancels-other (OCO).
Research Data
- Integrated stock and option quote detail screens.
- Get quotes at any time from any screen using our integrated quote window.
Helpful Features
- Analyze your performance thoroughly by downloading your positions.
- Set reminders for yourself by using our notes feature for positions.
- Get up to speed quickly using our links to glossary terms and how-tos.
- Free live chat support is available to help whenever you need it.
- And don't worry, you can "reset" your account and start fresh at any time.

The Virtual Trading System accessible via CBOE.com is provided by optionsXpress, Inc. ("OX"). OX is an independent, registered broker-dealer not affiliated with Chicago Board Options Exchange, Incorporated ("CBOE") or any of its subsidiaries or affiliates. OX provides account services and support for the Virtual Trading System. Acceptance and execution of virtual trading orders or administration of your virtual trading account with OX constitutes assent to the OX Terms and Conditions delivered and then posted on the OX Website and in effect regarding virtual trading. CBOE is not accepting or otherwise involved in virtual trading orders or involved in any manner in your virtual trading account with OX.
Options involve risk and are not suitable for all
investors. Prior to buying or selling an option, a person must receive a copy
of Characteristics and Risks of Standardized
Options (ODD). Copies of the ODD are available from your broker, by
calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North
Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this
website is provided solely for general education and information purposes and
therefore should not be considered complete, precise, or current. Many of the
matters discussed are subject to detailed rules, regulations, and statutory
provisions which should be referred to for additional detail and are subject to
changes that may not be reflected in the website information. No statement
within the website should be construed as a recommendation to buy or sell a
security or to provide investment advice. The inclusion of non-CBOE
advertisements on the website should not be construed as an endorsement or an
indication of the value of any product, service, or website. The
Terms and Conditions govern use of this website and use of this website
will be deemed acceptance of those Terms and Conditions.