Options Trading Prop Firms: Complete Guide to Options Proprietary Trading 2025
Discover the best prop firms offering options trading opportunities. Compare funding amounts, profit splits, trading platforms, and evaluation rules to find the perfect options prop firm for your trading style.
What Are the Best Prop Firms for Options Trading?
The top options trading prop firms include FTMO, The5ers, and E8 Markets, each offering specialized options trading programs with competitive funding amounts and profit splits. These firms provide access to options markets with professional trading platforms and risk management tools.
Below you'll find a comprehensive comparison of all major options prop firms, including their funding amounts, supported options strategies, and specialized features for options traders.
Complete Options Trading Prop Firms List 2025
Based on comprehensive research and industry analysis, here are all the major prop firms that support options trading, organized by funding amounts and reputation.
| Prop Firm | Max Funding | Profit Split | Years Active | Options Support | Special Features |
|---|---|---|---|---|---|
| FTMO | $400,000 | Up to 90% | 10+ | Limited Options | Industry Leader, Proven Track Record |
| The5ers | $4,000,000 | Up to 90% | 8+ | Full Options Support | Highest Funding, Instant Funding |
| E8 Markets | $5,000,000 | Up to 85% | 5+ | Advanced Options | Multi-Asset Trading, Advanced Analytics |
| FunderPro | $200,000 | Up to 80% | 3+ | Basic Options | Trading Bots, Daily Rewards |
| City Traders Imperium | $400,000 | Up to 85% | 7+ | Options Trading | Unified Trading Environment |
| Alpha Capital Group | $150,000 | Up to 75% | 4+ | Multi-Asset Options | Multi-Asset Trading |
| FundingPips | $200,000 | Up to 90% | 3+ | Options Available | Modern Platform Support |
| Goat Funded Trader | $200,000 | Up to 85% | 2 | Flexible Options | Flexible Trading Rules |
| BrightFunded | $100,000 | Up to 80% | 2+ | Standard Options | 24/7 Support |
| Blue Guardian | $100,000 | Up to 80% | 4 | Risk Management Focus | Advanced Risk Management |
Top Options Trading Prop Firms Detailed Analysis
1. The5ers - Full Options Support Leader
The5ers offers the most comprehensive options trading support among prop firms, with full access to options markets and the highest maximum funding at $4,000,000.
- Maximum funding of $4,000,000 per account
- Profit split up to 90%
- Full options trading support including spreads, straddles, and complex strategies
- Access to major options exchanges (CBOE, NYSE, NASDAQ)
- Advanced options analytics and Greeks calculations
- 8+ years in operation with strong options trading reputation
Best for: Experienced options traders seeking maximum funding and comprehensive options market access.
2. E8 Markets - Advanced Options Analytics
E8 Markets provides sophisticated options trading capabilities with advanced analytics tools and multi-asset options support.
- Maximum funding of $5,000,000 per account
- Profit split up to 85%
- Advanced options analytics and risk management tools
- Multi-asset options trading (equities, indices, commodities)
- Real-time options chain analysis
- 5+ years in operation with rapid growth
Best for: Options traders who need advanced analytics and multi-asset options capabilities.
3. FTMO - Options with Proven Track Record
While FTMO's options support is more limited compared to other firms, they offer the most established reputation and proven track record in the industry.
- Maximum funding of $400,000 per account
- Profit split up to 90%
- Limited but reliable options trading support
- Focus on basic options strategies (calls, puts, covered calls)
- Industry-leading reputation and stability
- 10+ years in operation with proven track record
Best for: Traders who prioritize firm stability and reputation over comprehensive options features.
4. City Traders Imperium - Unified Options Trading
City Traders Imperium offers a unified trading environment that integrates options trading with other asset classes seamlessly.
- Maximum funding of $400,000 per account
- Profit split up to 85%
- Unified trading environment for options and other assets
- Integrated risk management across all asset classes
- Professional options trading tools
- 7+ years in operation
Best for: Multi-asset traders who want seamless options integration with other trading activities.
Options Trading Strategies for Prop Firms
Successful options trading in prop firm environments requires specific strategies tailored to evaluation requirements and risk management constraints.
1. Covered Call Strategy
Covered calls are ideal for prop firm evaluations as they provide consistent income while limiting downside risk, making them perfect for conservative profit targets.
- Sell call options against owned stock positions
- Generate consistent monthly income
- Limited downside risk compared to naked options
- Works well with prop firm profit targets
- Lower volatility in P&L compared to directional strategies
Best for: Conservative traders seeking steady income with limited risk.
2. Iron Condor Strategy
Iron condors capitalize on low volatility environments and provide defined risk/reward profiles that work well within prop firm drawdown limits.
- Simultaneously sell call and put spreads
- Profit from range-bound markets
- Defined maximum risk and reward
- High probability of profit
- Works well with prop firm risk management rules
Best for: Traders who can identify range-bound markets and want defined risk profiles.
3. Long Straddle Strategy
Long straddles profit from significant price movements in either direction, making them ideal for high-impact news events and earnings announcements.
- Buy both call and put options at the same strike
- Profit from large price movements in either direction
- Limited to premium paid as maximum loss
- Ideal for earnings and news events
- Requires careful timing and position sizing
Best for: Traders who can time high-volatility events and manage position sizes carefully.
4. Cash-Secured Put Strategy
Cash-secured puts provide income generation while potentially acquiring stocks at discounted prices, suitable for prop firm evaluations.
- Sell put options with cash backing
- Generate premium income
- Potential to buy stocks at lower prices
- Lower risk than naked puts
- Consistent income generation for prop firm targets
Best for: Income-focused traders who are willing to potentially own stocks at lower prices.
Risk Management for Options Prop Trading
Options trading requires specialized risk management due to the complex nature of options pricing and the potential for rapid losses.
Essential Options Risk Rules
- •Position Sizing: Risk only 0.5-1% of account per trade
- •Greeks Management: Monitor Delta, Gamma, Theta, and Vega exposure
- •Volatility Limits: Limit exposure to high-volatility strategies
- •Time Decay: Avoid holding long options close to expiration
Options-Specific Risk Factors
- ✓Liquidity Risk: Trade only liquid options with tight spreads
- ✓Assignment Risk: Monitor for early assignment on short options
- ✓Volatility Risk: Understand implied vs. realized volatility
- ✓Correlation Risk: Monitor correlation between positions
Best Options Trading Platforms for Prop Firms
The choice of options trading platform significantly impacts your ability to execute complex strategies and manage risk effectively.
Professional Options Platforms
- ✓ThinkorSwim: Advanced options analytics and strategy builder
- ✓Interactive Brokers: Professional-grade options trading tools
- ✓E*TRADE: Comprehensive options chain analysis
- ✓Schwab: Advanced options screening and analytics
Key Platform Features
- •Options Chain: Real-time options pricing and Greeks
- •Strategy Builder: Visual options strategy construction
- •Risk Analytics: Portfolio Greeks and risk metrics
- •Execution Tools: Advanced order types and fills
Conclusion: Your Future in Options Prop Trading
Options trading prop firms offer unique opportunities for traders to access significant capital while trading one of the most sophisticated financial instruments available. With firms like The5ers and E8 Markets leading the way with comprehensive options support, the options prop trading space continues to evolve and expand.
Success in options prop trading requires a combination of technical knowledge, risk management discipline, and the right choice of prop firm. Whether you're a covered call specialist, an iron condor trader, or a volatility trader, there's an options prop firm that can accommodate your trading style and provide the capital you need to succeed.
The key to success lies in understanding the unique characteristics of options markets, mastering risk management for complex derivatives, and selecting a prop firm whose rules and funding structure align with your trading objectives. With the right preparation and approach, options prop trading can provide a pathway to significant financial rewards in one of the most intellectually challenging areas of financial markets.