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OptionsPilot vs Robinhood: Best App for Covered Calls (2026)

Compare OptionsPilot and Robinhood for covered calls and cash secured puts. See which app offers better tools, analysis, and features for options income.

OptionsPilot7features better
2ties
Robinhood1features better

Feature Comparison

Feature
OptionsPilot
Robinhood
Winner
Covered Call Calculator
Advanced with AI recommendations
Basic premium display only
✓ OptionsPilot
Cash Secured Put Screener
Full screener with filters
Not available
✓ OptionsPilot
Strike Recommendations
AI-powered optimal strikes
No recommendations
✓ OptionsPilot
Probability Analysis
Detailed probability of profit
Not shown
✓ OptionsPilot
Options Greeks
Full Greeks display
Limited Greeks
✓ OptionsPilot
Position Rolling
One-click roll analysis
Manual close/reopen
✓ OptionsPilot
Home Screen Widgets
iOS widgets for tracking
No widgets
✓ OptionsPilot
Commission
Free (info only)
Commission-free trading
Tie
Trade Execution
Analysis tool (no execution)
Full trade execution
✓ Robinhood
Ease of Use
Simple, focused interface
Very simple interface
Tie

Frequently Asked Questions

Is OptionsPilot better than Robinhood for covered calls?

OptionsPilot provides superior analysis tools including an AI-powered covered call calculator, probability analysis, and strike recommendations that Robinhood doesn't offer. However, Robinhood allows you to execute trades while OptionsPilot is an analysis companion tool. Many traders use OptionsPilot to find and analyze trades, then execute on Robinhood.

Can I trade on OptionsPilot like Robinhood?

OptionsPilot is a covered call calculator and analysis tool, not a brokerage. You use OptionsPilot to find optimal covered call and cash secured put opportunities, then execute trades on your broker (like Robinhood, Fidelity, or Schwab).

Does Robinhood have a covered call calculator?

Robinhood shows basic option premium and Greeks but doesn't have a dedicated covered call calculator with return analysis, probability calculations, or strike recommendations like OptionsPilot does.

Which should I use for options trading?

Use both! OptionsPilot for analysis and finding the best covered calls, then Robinhood (or another broker) for execution. This combination gives you the best analysis tools with easy, commission-free trading.

Our Verdict

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

Use Robinhood for: Executing trades and managing your brokerage account.

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

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