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OptionsPilot vs TD Ameritrade: Best for Covered Calls? (2026)

Compare OptionsPilot with TD Ameritrade for covered call trading. Note: TD Ameritrade is now part of Schwab. See how our tools compare.

OptionsPilot7features better
0ties
TD Ameritrade3features better

Feature Comparison

Feature
OptionsPilot
TD Ameritrade
Winner
Covered Call Calculator
Dedicated, simple
thinkorswim (powerful)
✓ OptionsPilot
AI Recommendations
Yes
No
✓ OptionsPilot
Ease of Use
Very simple
Complex (thinkorswim)
✓ OptionsPilot
Options Research
Income-focused
Comprehensive
✓ TD Ameritrade
Commission
Free analysis
$0.65/contract
✓ OptionsPilot
Trade Execution
Analysis only
Full brokerage
✓ TD Ameritrade
Paper Trading
No
Yes
✓ TD Ameritrade
Mobile Experience
Modern
Functional
✓ OptionsPilot
Learning Curve
Minutes
Weeks
✓ OptionsPilot
Home Screen Widgets
Yes
No
✓ OptionsPilot

Frequently Asked Questions

Is TD Ameritrade now Schwab?

Yes, TD Ameritrade accounts have been migrated to Charles Schwab. The thinkorswim platform is still available through Schwab. See our OptionsPilot vs Schwab comparison for current details.

How does OptionsPilot compare to thinkorswim?

OptionsPilot is much simpler to use for covered calls with AI-powered recommendations. thinkorswim is more powerful but has a steep learning curve. For covered call-focused traders, OptionsPilot offers faster analysis with less complexity.

Can I use OptionsPilot with my TD/Schwab account?

Yes! Use OptionsPilot to find optimal covered call opportunities with AI recommendations, then execute trades on Schwab (former TD Ameritrade). This gives you the best of both worlds.

Which is better for beginners?

OptionsPilot is significantly better for beginners learning covered calls. thinkorswim is powerful but overwhelming for new traders. Start with OptionsPilot to learn the strategy, then use Schwab/thinkorswim 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 TD Ameritrade for: Executing trades and managing your brokerage account.

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

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