Best Options Trading Alert Service
The internet is full of success stories from people making a lot of money day trading options with gains of 1,000% and more. It looks easy, but options trading is more complicated than it appears at first.
The best options trading courses help beginners to understand options basics like how to read an options chain and how to sell weekly put options for income. At the same time, trade alert services combine the theory of options trading with trading signals based on that knowledge and experience.
So, options trading services help you get into options trading fast, and option trading alert services go even a step further by coming up with trade ideas and recommendations.
What is the best options trading service to consider to ensure a positive experience trading options? This guide describes five credible options trading services, explains the differences, reveals the costs and best offers.
Transparency: We may get compensated when you click on links in this article.
Options Trading Service List
- Bullseye Trades: Best for Weekly Options Trade Alerts with Education
- Lightning Alerts: Best for Daily Options Picks
- Market Navigator: Best for Daily SPY Options Trading
- LottoX: Best for Short Time to Expiration Options
- PowerX Optimizer: Best Options Scanner to Identify High Options Premium
- InsiderFinance: Best Order Flow Capabilities
- Market Chameleon: Best for Options Data Analysis
- Benzinga Options: Best Mentorship Bundle with Benzinga Pro
1. Bullseye Trades – Best for Weekly Options Trade Alerts with Education
Bullseye Trades is an options trading alert service operated by the co-founder of Raging-Bull, Jeff Bishop. Jeff shares a new trade idea every Monday with Bullseye subscribers, 52 times per year. Each trade alert comes with detailed analysis, options contract details and trade management insights for the profit target and stop-loss level.
In addition, subscribers have access to the Raging Bull dashboard with a comprehensive stock options trading video library, which covers the basics of options trading but also trading strategies in 20 lessons.
Jeff uses the strategies he teaches as the baseline for the weekly options trade alerts. Besides the detailed trade alerts, a weekly video with a trade alert and market recap gets posted within the dashboard.
The Bullseye Trades membership usually comes with an upfront payment of $399 per year.
Best Offer: Here, you can join Bullseye Trades for $47 per quarter (51% Off) or $147 per year (63% Off) (30 days money back guarantee included).
2. Lightning Alerts – Best for Daily Options Picks
Jason Bond is well-known for his penny stock trading and continuously listens to subscribers. Due to high demand, he started the Lightning Alerts service. A nightly watchlist with trade ideas, real-time trade alerts and access to a chat room with charts and portfolio streaming is what you get as a Lightning Alerts subscriber.
The service is helpful for investors who struggle to scan for trade opportunities on their own every day. The trade alert service notifies subscribers before the market open about the trade ideas with details about the trade, including the options contract specifications.
Lightning Alerts’ focus is the trade alert component, and subscribers receive live trade alerts using the app and within the member dashboard. In addition, access to Jasons’ digital vault of trading secrets with how-to guides and videos is included in the price.
The Lightning Alerts membership costs $1,499 per year.
Best Offer: Here, the subscription to Lightning Alerts costs $699 for the first and $1 for the 2nd year ($700 in total for both years). (76% off compared to the regular annual price paid for two years).
3. Market Navigator – Best for Daily SPY Options Trading
Market Navigator is an options trading alert service led by Jeff Williams, an options trader with over 20 years of experience in trading. The Market Navigator concept differs from the other services in this curated list.
Instead of trading stock options contracts on multiple stock tickers, Jeff trades only one ticker – the SPY. So while the options contract changes in terms of strike price and expiration date, the ticker of the underlying asset always remains the same.
Beginners often consider the consistency of staying with one ticker helpful. It helps to understand the broad market and its implications better.
Jeff’s service has three main components.
- The trading plan, shared daily at 9:00 AM EST, comes in 30 minutes before the market opens.
- In addition, Jeff starts streaming his screen every trading day at 9:00 AM.
- Finally, the trading chat room can be used by subscribers to interact or ask questions.
There is also a solution if someone misses a trading or educational session since the video vault contains many helpful video recordings.
The retail price of the service is $1,499 per year.
Best Offer: The current promotion is $499 per year (you save $1,000 annually).
4. LottoX – Best for Short Time to Expiration Options
LottoX is what the name suggests and is entirely different from all other offers. Instead of swing trading options contracts during a day, over a couple of days or even weeks, LottoX holds highly volatile options for a very short time.
Trading Zero Days to Expiration Options contracts is the focus of the service, led by Ethan Harms. US-listed weekly options typically expire Fridays, and the newsletter, which goes out to subscribers every Thursday, only features options trading ideas with contracts that expire within the next 24 hours.
The win rate of those trades is relatively low, but if they work out in the right direction, the profits can be exceptionally high.
The best way to use the service is by getting started testing the waters of this high-risk strategy using an options paper trading account while subscribing for a short period. Those who feel comfortable with it after trying it can subscribe for a more extended period at any time.
The good news is that the current offer enables new users to join for $79 per quarter or $249 per year with the annual membership.
Best Offer: The $79 per quarter offer is the best way to get started for testing purposes, while the $249 offer per year saves another $67 compared to four quarterly payments.
5. PowerX Optimizer – Best Options Scanner to Identify High Options Premium
The PowerX Optimizer is a powerful options scanner developed by Rockwell Trading. The company was founded by Markus Heitkoetter and belonged to the top 10 independently rated trading platforms for profitability, consistency and low risk.
The tool currently has two main components.
The stock-options scanner The Wheel within the PowerX Optimizer was developed with the idea of helping traders collect high premiums by selling options. Usually, researching stock options with high options premiums, specific expiration dates, and strike prices are time intensive and requires a deep understanding of the options market. The Weel scanner helps traders find opportunities with high annualized ROI faster.
The identified options can be used for covered call options trading strategies and to collect options premiums considering the risk of getting assigned by becoming an owner of the underlying stock for a discounted price. There are various ways to use the scanner beneficially; the most important thing is knowing what you are doing. The daily live sessions, learning center, community and explainer videos help to understand everything in depth.
The options scanner settings are multi-fold, and a couple of nice features are integrated within the platform. For example, users can choose between different risk-reward ratios, see the historical performance per strategy and stock, compare options contracts and even connect a broker to the platform. New features are added continuously, and the web-based scanner works on any device.
There is also a second tool integrated within the PowerX Optimizer. It is the PowerX Analyzer, primarily designed for stock trading signals. The identified signals include a buy-to-open price, stop loss level, the number of shares, trading strategy historical performance, profit factor and win-ratio per stock ticker. The platform shows the chart and comes with various drawing tools, indicators and a list of all historical trades.
But The PowerX Analyzer system also identifies the best call and put options for each trade so that options traders use the signals to trade options instead of the underlying stock. The identified options are shown with bid and ask strike prices and price projections (stop loss and price target).
In addition, users can scan for various risk reward levels, financial markets and cryptocurrencies. The results can be shown for only long, short or both directions, and it is possible to define multiple scanner values.
The PowerX Optimizer lifetime license typically costs $3,997. There are no recurring fees.
Best Offer: Here, you get a 50% discount on the lifetime license. The one-time payment of $1,997 unlocks permanent access to the PowerX Optimizer without any recurring fees. (the offer includes a 30-day money-back guarantee.)
6. InsiderFinance – Best Order Flow Capabilities
InsiderFinance is different from a traditional options advisory service. InsiderFinance is an options scanner to follow, monitor and find the largest options-related order flows in the market. Options traders use the tool to follow the smart money from institutions with a proprietary algorithm to find the best possible option trades.
Unusual options activity often indicates that big players in the market know about major news before they are announced, and the InsiderFinance trading software helps subscribers to identify such trading opportunities.
InsiderFinance belongs to the options analysis services best for investors willing to choose the best possible options contracts based on pre-defined or customized screener results. Various pre-configured screeners are implemented, but it is also possible to define specific scanner criteria.
Stock options are analyzed for potential bullish and bearish trades, and the results are shown in real-time. A sweep scanner and dark pool prints analysis is also included, and the analysis and chart functionality makes the offer complete.
Each InsiderFinance plan provides access to all features. There are three paid plans available. A subscription costs $75 paid monthly, $195 paid quarterly (equals $65 per month), or $660 paid yearly (equals $55 per month). The link below reduces the price for all subscriptions by 20%.
Best Offer: 20% InsiderFinance Discount on all plans (use the promo code DAYTRADINGZ20 during checkout in combination with the link).
7. Market Chameleon – Best for Options Data Analysis
Market Chameleon is another great source for option trading ideas. Customers use the tool to analyze options activity. It is not the fanciest-looking options trading alert service, and some may say that the website design looks outdated. But the point is that Market Cameleon focuses on numbers and allows the investor to analyze options contracts like no other tool in this list.
Market Chameleon is like using a finance API with Google Sheets or Microsoft Excel. All results are visualized in tables where you can sort and filter based on your requirements.
Users can sign in and scan the price data and other fundamental data points for catalyst events, implied volatility movers, open interest changes, and implied volatility rankings. You can also backtest trade ideas, analyze pre-market and after-hours trading, scan for gaps and unusual trading volume.
Millions of options and stock data points are available to calculate all sorts of statistics. For example, you can use the data to find high-yield trade ideas with high probabilities of success.
The all-in-one research platform Market Chameleon costs $99 per month. This unlocks the modules Stock Trader, Options Trader, and Earnings Trader. You can also subscribe solely to the Options Trader module for $69 per month.
Best Offer: The Market Chameleon free trial with full access to all features is the best way to get started with this service.
8. Benzinga Options – Best Mentorship Bundle with Benzinga Pro
Nic Chahine is a full-time options trader and the lead options trading educator at Benzinga. Nic issues one of the Benzinga premium newsletters called Benzinga Options. The track record for the newsletter looks convincing, with an average win rate of currently over 90% and an average return per trade of over 23%.
The Benzinga Options Starter Package is a good choice for people who want to test the product and includes two trade ideas per month. The options trade ideas are shared with newsletter subscribers via email and SMS message. Each email includes an explanation of the trade with in-depth analysis, the ideal price target and an estimated timeline for each trade.
The higher-tier subscription to Benzinga Pro’s Options Mentorship includes access to the Inner Circle chat room and full access to the Benzinga Pro platform with trade alerts, community chat room, charting, stock screeners, and options scanners, newsfeed, squawk radio, and trading signals.
In addition, Benzinga Pro’s Unusual Options Activity feature alerts users about large block trades and sweep trades of options contracts. Filters like the price/earnings ratio, market cap, dividend yield, various industries and sectors and price change bands can be used.
Users get notified about trade alerts via audio or desktop notifications. In addition, the Benzinga Pro Unusual Options Calendar provides access to historical options data for further analysis.
It is possible to sign up for the Inner Circle offer, including the live chat with Nic Chahine and full Benzinga Pro access for $457 per month, or $4,570 per year.
Best Offer: Here, you can sign up to the Inner Circle with Benzinga Pro access with a 35% discount.
Best Options Trading Alert Service Conclusion
The world of options trading alert services and education services is complex, and it takes time to find the best one that suits your needs perfectly. Your experience level, budget, and expectations make a big difference. Therefore, a well-structured plan is needed to calculate the total expenses and find the best from all available options trading services.
|Options Trading Services||Monthly Subscription||Annual Subscription|
|Lightning Alerts||✘||$700 (2 years)|
|PowerX Optimizer||✘||$1,997 lifetime|
How to become an options trader?
As an options trader, you need to use options education services to improve your skills to ensure a positive experience trading options. Learn what calls and puts are. Understand the role of the options chain, the importance of greeks and time decay. There are plenty of trading opportunities out there, and they will always be there. Before you start options trading, you need to define if you want to follow options analysis services to use their scanners for your own trading ideas or if you want to go with the best options trading advisory service by getting trade recommendations directly. In the first 6 months, you should only trade options in a trading simulator or paper trading account.
What is an options trading alert service?
Investors and traders use options trading alert services to make more profitable investment decisions with less analysis work. Trade alert services notify subscribers when experts and gurus come up with a new trade idea. Those trade alerts typically include the stock symbol, entry price, stop loss level and additional background information for the trade. Alert services differ in terms of analysis methodology, trade alert frequency, historical trade transparency and pricing. Some trading options, some trade stocks and others trade futures contracts. Some alerts services have an options trading course, or at least basic options trading education included.
What is the best options trading advisory service?
The best option alert service is the one that suits your needs the best. For example, a options picking service is excellent for investors who don’t have the time for extensive analysis. In contrast, options screeners are a perfect tool for independently operating data-driven investors.
Who are the best options traders?
The best options traders are well educated, have strong analysis skills, trade their plan. A trading plan needs a well-defined options strategy and utilizes excellent tools. Finally, all trades are tracked, and a report is used to analyze the profits and losses to improve the trading strategy.
Are option alerts good?
Yes, option alerts are suitable for day traders and swing traders. Options can be used to hedge existing positions and can also be traded solely. Strike prices, expiring data and volatility should be monitored closely before making a trade. Options alerts from a trading service should be traded within a simulator before investing money.