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OptionsPilot vs Interactive Brokers (IBKR): Covered Call Tools (2026)

Compare OptionsPilot with Interactive Brokers for covered call analysis. See how our simple calculator compares to IBKR's powerful but complex platform.

OptionsPilot6features better
1ties
Interactive Brokers3features better

Feature Comparison

Feature
OptionsPilot
Interactive Brokers
Winner
Covered Call Calculator
Simple, instant
Powerful, complex
✓ OptionsPilot
AI Recommendations
Yes
No
✓ OptionsPilot
Ease of Use
Beginner-friendly
Professional complexity
✓ OptionsPilot
Options Analytics
Income-focused
Comprehensive
✓ Interactive Brokers
Commission
Free analysis
Very low
Tie
Trade Execution
Analysis only
Professional-grade
✓ Interactive Brokers
Global Markets
US-focused
Global access
✓ Interactive Brokers
Mobile App
Modern, simple
Functional, complex
✓ OptionsPilot
Learning Curve
Minutes
Weeks/months
✓ OptionsPilot
Home Screen Widgets
Yes
No
✓ OptionsPilot

Frequently Asked Questions

Is OptionsPilot better than Interactive Brokers for covered calls?

OptionsPilot is much easier to use for covered call analysis with AI recommendations. IBKR is more powerful but has a steep learning curve. For dedicated covered call traders who want simplicity, OptionsPilot is better. For professional traders wanting comprehensive tools, IBKR excels.

Does IBKR have a covered call calculator?

IBKR has sophisticated options analytics including their Option Strategy Lab, but it's complex to use. OptionsPilot offers simpler, instant covered call calculations with AI strike recommendations that IBKR doesn't provide.

Can I use OptionsPilot with Interactive Brokers?

Yes! Many IBKR users use OptionsPilot to quickly find optimal covered calls with AI recommendations, then execute on IBKR for low commissions. This combines OptionsPilot's simplicity with IBKR's professional execution.

Which has lower costs?

IBKR has very low commissions (as low as $0.65/contract). OptionsPilot is free for analysis. For the lowest total cost, use OptionsPilot for analysis and IBKR for execution.

Our Verdict

Use OptionsPilot for: Finding and analyzing covered calls with AI-powered recommendations, calculating returns instantly, and tracking positions with iPhone widgets.

Use Interactive Brokers for: Executing trades and managing your brokerage account.

Best approach: Use OptionsPilot to find optimal covered call opportunities, then execute on Interactive Brokers.

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