What is the Best Options Trading Alert Service to think about if you want to have good time trading options? This article discusses the distinctions between five reputable options trading firms, as well as the fees and best deals.
There are several success tales on the internet of people who have made a lot of money day trading options, with gains of 1,000 percent or more. Options trading appears to be simple at first glance, but it is more sophisticated than it appears. Options trading services make it quick and easy with options trading, and options trading alert services take it a step further by recommending trade ideas and trades.
1. Benzinga Pro: Best Options Trading Alert Service for All-In-One Solution
Benzinga Pro is an outstanding solution for stock and options traders and investors. Alerts, a community chat room, stock screeners, options scanners, newsfeed, squawk radio, and trading signals are all included with a Benzinga Pro subscription.
The Unusual Options Activity feature in Benzinga Pro notifies you to big block and sweep transactions in options contracts. As filters, you may use the price/earnings ratio, market capitalization, dividend yield, a variety of businesses and categories, and price change bands. Furthermore, the Benzinga Pro Unusual Options Calendar gives you access to previous options data for further research.
For further study, the Options Calendar gives access to historical options data.
Benzinga Pro may be used for advanced charting, as a market news source, or as a stock screener, in addition to the options scanner.
The Benzinga Options Membership is $347 per month before discounts and provides full access to Benzinga Pro. A 70% discount is available on the quarterly and annual subscriptions, bringing the average monthly price down to $86.7.
2. Motley Fool Options: Best Options Trading Alert Service of Long-Term Service
For investors who wish to focus on options recommendations from a team of research professionals and market analysts, Motley Fool Options is the finest options trading alert service. The Stock Advisor and Rule Breakers newsletters are the major offerings of the Motley Fool. The Motley Fool Options service was added to the company’s product offering in 2009. Over 84 percent of options alerts closed for a profit over a decade with thousands of customers, making it one of the most successful options trading alert services.
The Motley Fool’s options trading alert service sends out monthly emails to customers informing them of fresh trade alerts. The email alert includes trade aid with trade information, income techniques used, community access, and options education courses to properly master options strategies.
The fees for Motley Fool Options are on the upper end of the spectrum. Monthly memberships are not available, and one-year access costs $999. Motley Fool, on the other hand, offers a 30-day money-back guarantee.
3. Mindful Trader: Best Options Trading Alert Service for Swing Trading
Mindful Trader’s creator, Eric Ferguson, spent over $200,000 and four years creating the tactics that are employed in his business. During a 20-year backtest of his ideas, the median yearly return was 181 percent. Eric began live-trading his techniques in November 2020, and the account’s total return has outperformed the S& P500.
Eric began by only trading equities and the micro Emini S&P500 future, but in April 2021, he introduced options choices. Mindful Trader is a hybrid trading service that provides stock choices, options picks, and, on occasion, micro future contracts for the S& P500 index.
Mindful Traders distinguishes itself from other providers by offering details on the trading strategy employed. Subscribers have access to a library of explanatory films that cover anything from options trading tactics to trading system creation.
Members of Mindful Trader pay $47 per month and get three stock purchase signals, stock options trading alerts, and futures choices every day. The purchase includes access to instructional resources as well as email assistance. The minimum contract length is simply one month, and users can cancel their subscription at any moment.
4. Optionsonar: Best Options Trading Alert Service to Order Flow Capabilities
Optionsonar isn’t the same thing as a traditional options advisory service. This is an options canner that tracks, monitors, and locates the market’s greatest options-related order flows. Options traders utilize the program to track institutional smart money using a proprietary algorithm to discover the best option deals. Unusual options activity frequently suggests that important market players are aware of major news ahead of time, and Optionsonar assists subscribers in spotting such trading chances.
Optionsonar is one of the top options analysis services for investors who want to pick the best option contracts based on pre-defined or customized screener findings. You specify the scanner criteria in the first stage, and as a consequence, you will get option trade notifications automatically. Potential bullish and bearish trades in stock options are examined. You’ll receive an email or SMS alert as soon as the trade is spotted if your scanner conditions are satisfied. You may also use your Chrome or Firefox browser to activate web-push alerts.
Optionsonar premium subscriptions start at $35 per month and include the Unusual Activity Scanner. On the other side, the Multiple Plan Scanners option costs $75 per month and includes web-browser push alerts. The all-in-one Multiple Option Scanners + Alerts plan, which costs $109 per month, is the most costly payment tier.
You can cancel your monthly subscriptions at any moment, and you can switch plans every month. In addition, annual paid plans are eligible for a 30 percent discount.
5. Market Chameleon: Best Options Trading Alert Service for Options Data Analysis
Market Chameleon also has trading suggestions for options. Customers utilize the tool to investigate option activity. It isn’t the most aesthetically pleasing option trading alert service, and some may argue that the website design is obsolete. But the key is that Market Cameleon concentrates on data and, unlike any other tool on our list, allows investors to evaluate options contracts.
Utilizing Market Chameleon with Google Sheets or Microsoft Excel is similar to using a financial API. All of the findings are displayed in tables that you may sort and filter to meet your needs. Users may log in and look for catalyst events, implied volatility movers, open interest changes, and implied volatility ranks in the price data and other fundamental data points. You may also backtest trade ideas, monitor pre-market and after-hours activity, and look for gaps and unusual trading volume, among other things.
To generate all kinds of statistics, there are millions of choices and stock data points accessible. You may utilize the data to discover high-yield trade ideas with a high chance of success, for example.
Market Chameleon, an all-in-one research tool, costs $99 per month. This activates the Stock Trader, Options Trader, and Earnings Trader modules. For $69 per month, you can have only the Options Trader.
Options can be utilized to hedge current holdings as well as traded in their own right. Before making a transaction, keep an eye on strike prices, expiry dates, and volatility. Before investing money, trade options notifications from a trading provider in a simulator.