Options trading alert services provide real-time notifications about trading opportunities to help you make the most of the options market. These platforms scan the market for you and alert you when certain criteria are met, like a price target or volatility trigger.
No matter your skill or trading style, options alert services can help point you to opportunities you might otherwise miss. They do the heavy lifting, so you can spend less time monitoring the markets and more time trading. With the right service, you’ll be primed to capitalize on volatility and maximize the profit potential of your options portfolio.
Best Options Trading Alert Services
The options trading alert service industry has exploded in recent years, with many services now available to help traders find and act on the best opportunities. Here are some of the best options trading alert services based on your needs:
- PowerX Optimizer is best overall, especially if you want a tool that combines powerful analysis with an easy-to-use interface.
- TheoTrade is ideal if you’re looking for a service with extensive educational resources.
- Benzinga Options is best for real-time trade alerts and an active trading community.
- Motley Fool Options is a great choice if you want access to lots of educational resources.
- InsiderFinance is ideal for those who prefer a high volume of alerts per week.
- Mindful Trader is perfect for traders seeking a high success rate.
The PowerX Optimizer tool helps simplify the wheel strategy for options trading. This web-based platform provides alerts and analysis to guide you through the multi-step process. The most used platform feature is the wheel strategy.
The wheel strategy works in two parts:
- Sell cash-secured put options on stocks you want to own. You pocket the premium if the stock price stays above the put strike price. If the stock is assigned to you, you get paid to buy the shares at a lower price.
- Sell covered call options on the shares you now own. This generates income from the call premium. If the stock is called away, you earn a profit from the shares plus the call premium.
This cycle then repeats as you sell more put options. The key is choosing stocks you want to own long-term in case you get assigned on the puts. The wheel strategy allows you to earn income through options while building a portfolio of value stocks.
For options traders with at least $20,000 to invest, the PowerX Optimizer platform provides an easy way to take advantage of the wheel strategy. This tool can help you find and act on the best opportunities in the options market by simplifying the multi-step process.
TheoTrade offers two membership options for options traders looking to improve their skills. Their Monthly membership is $99, providing access to all of TheoTrade’s video library and live webinars.
For $997 annually, the Annual membership also includes one-on-one coaching calls and weekly live trading sessions with Don Kaufman and his team. The Monthly membership gives you access to TheoTrade’s entire video library, including training on options basics, analysis techniques, and trading strategies.
You’ll also get access to TheoTrade’s weekly live webinars covering the latest market analysis and trade ideas. This is a great way to learn the fundamentals of options trading at an affordable price.
TheoTrade’s Annual membership builds on the Monthly membership by adding one-on-one coaching calls, live trading sessions, and early access to new content. The one-on-one calls provide guidance tailored to your needs from Don Kaufman and his expert team.
Benzinga Options is a powerful yet intuitive tool for active traders. It provides everything you need to identify opportunities and take action.
Benzinga Options generates real-time alerts for attractive trades as opportunities emerge in the market. These alerts outline suggested trades with details on underlying assets, contracts, expiration dates, and recommended entry and exit points. Rather than constantly monitoring the markets, you’ll get alerts right on your desktop or mobile device.
With Benzinga, you can stay on top of the latest news and events that could impact your positions or present new opportunities. Benzinga Options aggregates news from thousands of trusted sources and filters it for the most relevant content for options traders.
Benzinga’s expert analysts and contributors offer actionable trade ideas. They outline their rationale for specific trades and provide details so you can evaluate the opportunity and potentially take action. These ideas span strategies like bullish or bearish bets, covered calls, spreads, and more.
The Motley Fool Options
The Motley Fool Options service provides monthly options trading alerts and guidance to help you generate income and grow your portfolio.
Each month, members receive two options trade alerts with step-by-step instructions for executing the trades. The service offers strategies for investors of all experience levels, from basic covered calls to more advanced spreads. You’ll have access to resources to help you learn the basics and improve your options trading skills over time.
The Motley Fool Options costs $999 per year, billed upfront. The service may be worth the investment if you’re looking to generate income, hedge risks, or enhance portfolio growth using options. However, if you’re new to options trading, you may want to start with some of their free resources before committing to a paid subscription.
Overall, Motley Fool Options provides a flexible service with the potential for basic or more advanced options strategies. But as with any investment, do your due diligence to determine if their recommendations match your financial objectives and risk tolerance.
Market Chameleon is a diverse and comprehensive options research platform that caters to beginner and advanced options traders.
They offer several membership plans at different prices, so you can choose the one that suits your needs and budget.
- The Stock Trader plan starts at just $39/month and gives you access to stock screeners to find trading opportunities.
- The Options Trader plan at $69/month is ideal for those looking to trade options.
- The $79/month Earnings Trader plan focuses on trading around earnings announcements.
- For most features, the Total Access plan is $99/month.
Whether you’re just getting into options trading, have been doing it for years, trade stocks and want to expand into options, or are a long-term investor, Market Chameleon has a plan for you. They may not suit those on a tight budget or who prefer an ultra-simple platform, but for the options trader looking for a robust set of resources, Market Chameleon is worth a look.
InsiderFinance is an excellent alert service for options traders seeking an edge. Their proprietary system scans the market for unusual options activity and sends you alerts with details on the trade so you can try to capitalize on it.
With InsiderFinance, you’ll receive alerts on big money moves in the options market that could indicate a stock is poised for a quick price swing. They look for unusual volume in calls and put options that could signal a move is coming.
The service costs $75/month, $195/quarter, or $660/year. There are no tiers or upsells. For the price, you get access to their web-based platform with a full suite of tools, unlimited SMS and email alerts, and 24/7 support. The platform provides an intuitive way to view unusual options activity, see details on each alert, analyze charts, find new trade ideas, and more.
Mindful Trader is an ideal alert service for swing traders and busy individuals who want data-driven trade ideas. At $47/month, Mindful Trader provides affordable access to a statistical trading approach with a proven track record of triple-digit returns.
Mindful Trader utilizes a data-driven strategy to identify swing trade opportunities rather than relying on hype or personal interests. By leveraging statistics and market data, Mindful Trader spots trades with a high probability of success. These trades typically last 3 to 5 days, allowing busy individuals to benefit without closely monitoring the markets.
While Mindful Trader appeals to many types of traders, it may not suit long-term investors, day traders, or those with low-risk tolerance. Short-term swing trades require actively managing positions, and any trade always has a chance of loss. However, Mindful Trader’s track record demonstrates an edge in the markets, leading to impressive returns over time.
Overview of The Best Options Trading Alert Service
Options trading alert services provide real-time notifications about potential trading opportunities based on options market analysis. These services analyze options data and metrics to identify trades that meet certain criteria, like a high probability of success or sizable potential returns.
For novice traders, options alert services offer guidance and recommendations from more experienced analysts. The alerts provide details on the recommended trade so you can confidently mirror it. Even experienced traders can benefit from an extra set of eyes analyzing the options market.
The alerts may identify opportunities you would otherwise miss. The options alert service that is the best fit depends on your experience level, trading goals, and budget. Compare the features and offerings of different services to determine which aligns closest with your needs.