Options Industry Council (OIC)
optionseducation.org
Free, exchange-backed options education from OCC: self-paced courses with quizzes, webinars, podcasts and calculators using 20-minute delayed data.
What it is
The Options Industry Council (OIC) is the investor-education arm of the US listed options industry. It is provided by OCC, the Options Clearing Corporation that clears every US-listed option, and supported by the major options exchanges, including Cboe, Nasdaq, NYSE, MIAX, MEMX and BOX. Because it is funded by the industry rather than by course sales, everything is free and there is nothing to upsell.
The core is the OIC Options Academy, a self-paced, multi-course curriculum for beginners through experienced traders. Courses include Options 101 on basic concepts and terminology, Getting to Know the Greeks, options volatility and selling options, with videos, podcasts, knowledge checks, quizzes and progress tracking. Around it sit on-demand webinars, a podcast, a digital options strategy guide and an Investor Services contact for questions.
The tools section, powered by iVolatility data delayed 20 minutes, includes an options calculator for American and European options with Greeks, a probability calculator, a position profit and loss simulator, historical versus implied volatility charts, an options monitor, a stock monitor and a list of the day's most active options. They are well suited to learning and checking a trade idea, but the delay and single-position focus mean they do not replace a broker's trading tools.
OIC explains how options work; it does not recommend trades or strategies for your account.
Key features
- OIC Options Academy
- Free self-paced courses from basics to Greeks, volatility and selling strategies, with quizzes, knowledge checks and progress tracking.
- Webinars and podcasts
- On-demand webinars on topics such as buying options, and a podcast on market structure and options topics.
- Options calculator
- Prices American and European options on stocks, ETFs and indexes and shows the Greeks, with editable inputs.
- Probability calculator
- Estimates the chance that an underlying finishes above or below chosen price targets.
- Position P&L simulator
- Models a hypothetical trade's profit and loss as price, volatility, interest rates, time and dividends change.
- Volatility and market monitors
- Historical versus 30-day implied volatility charts, an options monitor, a stock monitor and the day's 20 most active options symbols.
- Strategy guide
- A digital options strategy guide covering common strategies and when they are used.
Pricing
| Plan | Price | What you get |
|---|---|---|
| Free | $0 | All courses, webinars, podcasts and calculators |
OIC is funded by OCC and the options exchanges; there are no paid plans.
Free option: Everything: the Options Academy courses, webinars, podcasts, strategy guide and all calculators, with market data delayed 20 minutes.
Checked September 25, 2026 on optionseducation.org. Prices change; confirm on the provider's site before you subscribe.
Strengths
- Completely free, with no course sales or upsell
- Backed by OCC and the US options exchanges, so it is neutral about brokers and products
- Covers beginner through advanced topics, including Greeks and volatility
- Useful calculators for pricing, probability and position P&L
Limitations
- Quotes and calculator data are delayed 20 minutes
- Education only: no trade ideas, alerts or portfolio tools
- Calculators model one position at a time and are not linked to a brokerage account
- The site does not mention course certificates
Good fit for
- Beginners learning how options work before trading
- Stock investors considering covered calls or protective puts
- Traders who want neutral explanations of the Greeks and volatility
Look elsewhere if
- Traders who want real-time options analytics or flow
- Anyone looking for trade signals or recommendations
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Options Industry Council (OIC) questions
Is the Options Industry Council free?
Yes. Courses, webinars, podcasts and calculators are all free; OIC is funded by OCC and the options exchanges.
Who runs the Options Industry Council?
OIC is provided by OCC, the Options Clearing Corporation, and supported by exchanges including Cboe, Nasdaq, NYSE, MIAX, MEMX and BOX.
Are OIC's options calculators real time?
No. The data, supplied by iVolatility, is delayed 20 minutes for stocks, options, dividends and interest rates.
What courses does OIC offer?
The self-paced OIC Options Academy, with courses such as Options 101, Getting to Know the Greeks, options volatility and selling options, plus quizzes and progress tracking.
Written from Options Industry Council (OIC)'s own website and documentation. All Trading Tools lists and compares tools; it does not recommend trades or give financial advice. Sources: optionseducation.org, optionseducation.org/theoptionseducationcenter, optionseducation.org/options-quotes-calculators.