Looking for the best options trading alert service to pair with other tools like forex signals? These services are designed to make your life easier by monitoring the markets and providing real-time alerts for options trades that match your trading criteria. They analyze market data and conditions so you can focus on your day-to-day activities while receiving alerts on opportunities.
The main advantage of using options alert services is the convenience they offer. Of keeping an eye on the markets, these services do it for you. Whether you’re a beginner or an experienced trader, there are options for trading alert services that can cater to your specific needs, risk tolerance, and trading style.
To help you choose the one, here’s a list of some recommended options trading alert services based on their features and customer reviews;
- PowerX Optimizer
- TheoTrade
- Benzinga Options
- Motley Fool Options
- Market Chameleon
- InsiderFinance
- Mindful Trader
PowerX Optimizer
The PowerX Optimizer platform provides traders a user solution for identifying and executing options trades. By scanning thousands of stocks, PowerX can pinpoint the ones that align with your trading criteria. This automated scanning process saves you time that would otherwise be spent on search and analysis.
PowerX focuses on two strategies for options trading: the PowerX Strategy and the Wheel Strategy. The PowerX Strategy requires a capital investment, usually around $5,000, while aiming for aggressive growth. On the other hand, the Wheel Strategy excels with account balances of $20,000 or more as it involves “selling premium” and adjusting positions accordingly.
TheoTrade
TheoTrade is an encompassing trading education platform primarily catering to options traders who seek educational content, expert guidance, and a supportive community. TheoTrade offers two membership options tailored to meet needs and budgets;
- Monthly Membership ($99/month): Provides access to a trading chat room, market analysis updates, and live events. Ideal for traders looking to grasp the basics.
- Annual Subscription ($997/year): This plan includes all the benefits of the subscription, such as access to a range of prerecorded video lessons and archived chat sessions, as well as the added advantage of one-on-one coaching. It is designed for traders seeking expert guidance to enhance their trading skills.
Whether you are new to options trading and want to learn the fundamentals or an experienced trader looking for advice, TheoTrade offers a community and valuable resources to help you succeed.
Benzinga Options
Benzinga Options provides real-time insights and actionable trade ideas to empower you in your options trading endeavors. Stay updated with alerts on market news analyst ratings changes and insider trading activities to promptly seize opportunities. The experts at Benzinga analyze the markets daily to identify options trades.
Additionally, Benzinga Options offers a variety of resources designed to strengthen your knowledge and skills in options trading. You can learn the basics. Develop strategies through engaging video courses, informative webinars, insightful blog posts, and an extensive knowledge base.
The Motley Fool Options
The Motley Fool Options focuses on providing its members with recommended options trades. As a subscriber, you will receive two detailed options trade alerts each month and step-by-step instructions for executing these trades.
The Motley Fool Options provides a range of features to traders, including recommendations for buying calls, puts, spreads, and more. It also offers resources to assist with options trading and a member’s community for connecting with fellow traders.
The subscription fee for The Motley Fool Options is $999 per year upfront. Please note that refunds are not permitted. Although the initial cost may seem high, this service has the potential to yield returns through executed options strategies.
Market Chameleon
Market Chameleon is a platform designed for options research. It offers traders access to various tools and resources to identify and analyze trading opportunities. One noteworthy feature is its service, which notifies traders about events that could impact options prices and present trading possibilities.
Additionally, Market Chameleon closely tracks over 5,000 companies. Sends out alerts before the market opens on days when earnings releases occur. Furthermore, it provides Options Alerts to inform traders when unusual options activity is detected that may indicate a trading opportunity.
InsiderFinance
InsiderFinance is an options trading alert service geared towards day and swing traders. It diligently monitors millions of options contracts well, as dark pool prints to identify securities that can potentially move the market.
For a $75 quarterly subscription, at $195, or an annual subscription at $660, you gain access to InsiderFinance’s platform. This comprehensive platform provides data and an intuitive dashboard that allows you to identify opportunities.
Mindful Trader
Mindful Trader is a trade alert service that primarily focuses on swing trading in the stock market. Their approach relies on data-driven strategies that have consistently delivered digit returns.
What sets Mindful Trader apart is their emphasis on authenticity and transparency; rather than relying on sales tactics, they prioritize providing a high-quality service. While their monthly fee of $47 may be higher than some buy-and-hold services, it is significantly lower than day trading services.
Mindful Trader distinguishes itself in the trading service market through its swing trading methodology. They prioritize backtesting, diversification, and risk management while maintaining a track record of returns.
Final Thoughts on the Best Options Trading Alert Service
The best options trading alert services that can help turn you into a savvy options trader. Whether you’re a beginner looking to dip your toes in the options trading waters or an experienced trader wanting to take your skills to the next level, one of these services should fit the bill.
Remember, the key is to start small, learn the ropes, and don’t risk more than you can afford to lose as you navigate the exciting world of options trading. With the right tools and education, options trading can be rewarding.
