1. Schwab Mobile (thinkorswim)
The thinkorswim mobile app brings a surprising amount of the desktop platform's power to iPhone. You get full options chains, risk profile graphs, multi-leg order entry, and real-time Greeks. The app handles complex orders like iron condors and butterflies without forcing you to build them leg by leg.
Standout feature: The risk profile chart works on mobile, letting you visualize your position's P&L across price and time right from your phone.
Downside: The app can feel cramped on smaller iPhone screens. The sheer number of features creates a dense interface.
Rating: 9/10
2. Robinhood
Say what you will about Robinhood as a broker — their mobile app is beautifully designed. The options chain is clean, order entry is fast, and the P&L displays are intuitive. For simple options trades, no app provides a smoother experience.
Standout feature: The visual P&L graph when building an options order shows breakevens and max profit/loss clearly.
Downside: Limited analytical tools. No multi-leg strategy templates. No Greeks display beyond basic delta.
Rating: 8/10
3. tastytrade
tastytrade's mobile app carries over the desktop platform's focus on quick trade entry. You can set up strangles and spreads in a few taps. The Follow Feed and watchlist integration work smoothly on mobile.
Standout feature: Net portfolio Greeks displayed prominently so you always know your overall exposure.
Downside: The interface uses a unique design language that takes time to learn. Not intuitive for new users.
Rating: 7.5/10
4. Fidelity
Fidelity's iPhone app handles options competently. You can view chains, build multi-leg orders, and monitor positions. The research integration is excellent — pull up analyst reports and options-specific data without leaving the app.
Standout feature: Seamless integration between your investment accounts, options trading, and cash management.
Downside: Options order entry feels slower than Schwab or Robinhood. The multi-leg builder is functional but not elegant.
Rating: 7/10
5. Webull
Webull's app offers a trading-focused experience with good options chain displays and free Level 2 data. The charting tools on mobile are surprisingly robust.
Standout feature: Free Level 2 market data and real-time options flow information.
Downside: Options-specific analytical tools are limited. Multi-leg orders are basic.
Rating: 6.5/10
What to Look for in a Mobile Options App
Multi-leg order support — Can you build spreads, condors, and strangles directly? Or do you have to place individual legs?
Greeks display — At minimum, you need delta shown on the chain. Ideally gamma, theta, and vega too.
Risk visualization — Can you see a P&L chart for your position before submitting?
Alerts and notifications — Can you set price alerts on the underlying and on your options positions?
Speed — Options markets move fast. App lag of even a few seconds can mean missed fills on volatile days.
Mobile-First vs Mobile-Capable
There's an important distinction. Robinhood is a mobile-first platform — the phone is the primary experience. Schwab, Fidelity, and IBKR are mobile-capable — the desktop platform is primary, and the app is a companion.
For managing existing positions and making adjustments, mobile-capable apps work fine. For detailed analysis before entering a trade, you'll still want a desktop platform or a dedicated tool like OptionsPilot, which provides mobile-friendly analysis and covered call screening you can review anywhere.
Bottom Line
Schwab/thinkorswim wins for power users who want full analytical capability on their phone. Robinhood wins for simplicity and design. tastytrade wins for premium sellers who want fast multi-leg entry. Pick based on how you trade, not how the app looks in screenshots.