Advantages of Options Trading
Options trading is getting more popular by the day. It has many advantages over conventional trading. Options trading can be cost-effective and generate higher potential returns. The biggest benefit of options trading is that you can invest in smaller amounts compared to
stocks. Options trading, therefore, is a lucrative investment opportunity for traders with relatively small portfolios.
Options are a flexible tool that offers you a variety of strategic investment alternatives.
Why go for an Options Trade Alert Service?
Despite its benefits, options trading can get risky and complicated. It’s hard to formulate the right strategy and make the right moves unless you are an expert. That’s where options trading alert services come into the picture. These specialized services will do all the hard work for you – looking for patterns, watching charts, and keeping you posted on the changes in the market. Options trading alert services make use of all the vital information, market behaviour, and insights to arrive at a key decision concerning a particular trade. That is, what move should you make for that trade? This info will be sent as an alert or notification to your email or mobile phone.
9 Best Options Trade Alert Services
InsideOptions is a full service stock and options trading group based in California that provides technical analysis, market research, trading signals. David Chau has created an SPX income program where users can make a consistent $200-300 in daily cash flow by leveraging 16% accuracy rate for correct investments. Our team of experts perform a deep analysis to share top entry and exit orders. You will even get VIP Support for all alerts in the slack group to stay in winning trades.
If you do not see a return on your investment on your membership in less than 20 days, InsideOptions will issue a 100% refund. As long as you follow the instructions, and perform tactics outlined in the designed training system.
2. Options Trading Club
Options Trading Club is a highly recommended trade alert service for options trading. Known for its stringent selection criteria, this service requires traders to fill in an application and undergo a rigorous screening procedure. The Options Trading Club sends you trade alerts daily. They have many experts and moderators who share a range of innovative options strategies with the traders who have registered with them. Their strategies include options wheels strategy, credit spread, calls and puts, iron condor, selling spreads, etc.
The Options Trading Club are equally good for new and experienced traders as they offer you multiple options strategies, and you can pick one based on your need and situation. Their winning trading strategies have a proven track record and have been developed after painstaking research.
3. Mindful Trader
The Mindful Trader is one of the new options services on the block known for its solid scientific analysis. Ideal for both beginners and experienced traders, this service uses the principles of historical probabilities and price movement tendencies to figure out the right trade. The founder, Eric Ferguson, has long-term expertise in options trading. He makes trading strategies based on an algorithmic coding approach and applies these to historical data to
test their performance.
The trading alerts sent by Mindful Trader are quite well-researched and evident backed as they typically analyze over 20 years of historical market performance statistics before sending out the recommendations. Also, they are regular with their alerts. Subscribers can expect to receive at least 1 or 2 options everyday via text or email.
4. Benzinga
Benzinga is one of the fastest-growing options trading platforms. Their USP lies in the range of educational content they provide for traders at all levels. Benzinga sends its subscribers a low-cost newsletter that provides two trades every month. But they also offer more specialized advice and suggestions through their chatrooms.
Their options trading strategies include covered calls, puts, and calls, as well as other innovative strategies for options trading. Benzinga is an ideal platform for beginner traders looking to gain knowledge and expertise in the field of options trading.
5. Optionsonar
Optionsonar is a well-known options trade alert service known for its incredible research function. It provides an edge over other options trade services in that it not just provides alerts but also analyses the activities of the options market. Optionsonar is a browser-based platform with main focus on stock analysis. They have an activity scanner feature that enables you to monitor options for the whole day and provides you with a market overview. Using this feature, you can get a detailed overview of major market moves; you get an insight into the patterns underlining the
trading activities of institutional investors.
Optionsonar also has scanner tools for monitoring any unusual activity amongst the option contracts. This service also provides traders with an order flow screener that utilizes clear-cut visualization tools. Overall, Optionsonar is a great options trade alert service meant for experienced traders. It provides you with all the necessary tools for the best decision-making, but it’s not that good at giving you directly actionable information. So it’s not really meant for beginners.
6. The Trading Analyst
The Trading Analyst offers great value at affordable prices. It is easy to use and thus suitable for beginners as well. This service utilizes an options strategy that focuses on swing trading. The recommendations given to traders are easy to follow, and you don’t need to spend much time analyzing the information.
The Trading Analyst is backed up with an incredible record. It has a profit factor of 2.05, with almost 52 percent of trades being profitable. This options trade alert service sends its registered users about 2-10 trade alerts every week. Users receive alerts via SMS messages. They also have access to a real-time portfolio tracker and an educational database. The Trading Analyst also provides you a weekly report on current market trends. This service is ideal for traders who don’t have much time to conduct research.
7. Market Chameleon
Market Chameleon is the ideal options trade alert service for experienced traders. It’s a tool-oriented platform well-suited to options traders looking to gain in-depth expertise, insight, and knowledge. This service has many useful analysis tools that can offer you a ton of valuable actionable information. But, it’s a sophisticated platform, and users need some experience to be able to navigate these resources. So it’s not that ideal for beginners.
The user interface of Market Chameleon utilizes dated technology. But on the upside, the format for presenting information is orderly and easy to understand. They also have an innovative volume scanner tool that gives you information on stocks with above average options activity. Traders who have subscribed to this service also get access to catalyst-driven market activity reports.
Market Chameleon can be a great tool in the hands of an experienced trader, but with its multiple features, can be confusing for a beginner.
8. Sky View Trading
Sky View Trading is an educational content-driven options trade alert service. It is ideal for beginners. Members can access more than 5 hours of multimedia content divided into eight chapters. You can also solve quizzes to test your knowledge of the subject matter. Another unique feature of Sky View Trading options trade alert service is the kind of interactivity and connectivity it offers with other traders. Besides the usual trading alerts, this service allows you to connect with other traders through a trader chatroom and forum. You can interact with other options traders and mutually exchange knowledge and insights. Sky View Trading offers their subscribers speedy real-time alerts not commonly found in other options trading platforms.
9. OptionsGeek
OptionsGeek is a balanced service that provides both options trading educational content and trading alert services. It offers subscribers detailed video content explaining the basics of options trading. They also offer blog posts that provide traders with an insight into the market dynamics of
options trading. OptionsGeel has a specialized trading alert service that provides users with 2-4 trading ideas every week. Full results for the month can be accessed on the website.
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