PaperTRADE, a customizable, web-based platform that replicates trading on trade MONSTER, lets investors learn more about trading options and other securities without risking any capital.

"From beginners learning about covered calls to more advanced traders exploring advanced strategies such as calendar spreads and iron condors, paperTRADE provides the real-world experience that investors need to help them understand the options markets," said Jon "DRJ" Najarian, co-founder of trade MONSTER and optionMONSTER.

The CBOE has long been a leader in the development of educational tools and services to individual investors, with a wide range of resources available at CBOE.com and through the Options Institute, its educational arm.

"It is important to us that CBOE.com offer as much high quality investor education as possible, and we believe that trade MONSTER's very unique and intuitive web-based paper trading application is a great addition to our toolkit," said Cynthia Elsener, CBOE Vice President of Marketing and Education Services.

Added Wade Cooperman, trade MONSTER CEO, "CBOE.com is most investors' first stop when looking for top-tier content on how to use options in a portfolio. For paperTRADE to earn a spot in their educational portfolio is very exciting."