paperTRADE

CBOE is proud to offer paperTRADE™, designed to let you test your trading knowledge and market savvy without putting any money on the line.

paperTRADE™ is a simulated trading system that packs both ease-of-use and exceptionally sophisticated tools. Since trades are simulated, you are not risking real money! Start with $50,000 in your paperTRADE and receive access to delayed quotes, charts and options chains, drag and drop customization, stock fundamentals and reports cards, easy spread creation using spreadMAKER, performance charts, what-if and risk analysis and much more!

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Navigate the Online Trading Process

paperTRADETMprovides research ideas to execute online trades. Manage your portfolio with paperTRADETM's integrated tool suite, charts, proprietary research, position analysis tools, and more to make smarter decisions.

paperTRADE™ is Flexible and Easy to Use

Take your investing to the next level using our advanced proprietary analysis and risk management tools. The paperTRADE™ platform is completely browser based so you can trade from anywhere. Get the power of a downloadable application without the hassle of a download.

Professional Grade Market Analysis

Spot a trading idea but need research? paperTRADE™ saves you time with at-a-glance report cards that give you the essential story of a company via an array of fundamental data. Detailed data and peer comparisons of data are only a click away from the report cards.

spreadMAKER™

An innovative trading tool that allows you to build option spread trades quickly, efficiently, and easily. You can build different spreads using drop-down boxes, available expiration dates, and strike prices. When building a trade, the risk graph is instantly updated to show you your expected profit or loss, based on the possible future price changes of the underlying stock.

Spread Pricing in Option Chains

Change the expirations, width or wingspan to customize your spread views and the option chains will recalculate instantly. The NBBO bid/ask is shown as well as the midpoint. And you are always one click from a trade ticket.

adjustTRADE™

adjustTRADE™ is a tool that assists you in creating an adjustment for a strategy, including simply closing the strategy. Once you select the action you would like to take from a choice of adjustment goals, adjustTRADE™ shows you a way to accomplish it. You may edit the adjustment shown or proceed to create an order with one click of a button.

Please note that, as of February 1, 2014, tradeMONSTER (www.trademonster.com) requires that all paperTRADE users have active tradeMONSTER trading accounts in order to access the paperTRADE tool. The paperTRADE trading program is provided by tradeMONSTER, and is located on the tradeMONSTER website. tradeMONSTER is an independent, registered broker-dealer not affiliated with Chicago Board Options Exchange, Incorporated (CBOE) or any of its subsidiaries or affiliates. The tradeMONSTER website is a separate website from the CBOE website. CBOE is not involved in any manner in your virtual trading account with tradeMONSTER or with any other account you may have or establish with tradeMONSTER. CBOE is not responsible for or liable with respect to any activity on the tradeMONSTER website or with respect to any use of tradeMONSTER service.