Best Options Trading Alert Services for 2024

Top Options Trading Alert Services

Our top picks for the best options alert providers include The Trading Analyst, Optionsonar, Market Chameleon, Sky View Trading, and Mindful Trader.

Market Chameleon

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Market Chameleon is a platform specializing in stock options and stock market research for investors and traders. Established in 2007 by William McBride, it is based in Philadelphia, Pennsylvania. The platform's primary objective is to deliver valuable insights by providing unique tools and data that may be challenging to access for individual investors or smaller research firms. Its services concentrate on three key time horizons: Forward-Looking, Present, and Historical.

Catering to both novice and experienced options traders, Market Chameleon boasts a wide array of features and tools. Users can filter and search for options trading possibilities using stock screeners based on criteria like the underlying stock, expiration date, and option type. Furthermore, Market Chameleon presents an assortment of trading ideas, such as earnings alerts and options strategies, to assist traders in making informed choices.

For users seeking the most comprehensive experience, the Total Access plan costs $99 per month and provides access to the complete suite of products and tools, including all reports and screeners.

The Trading Analyst

The Trading Analyst has evolved from its humble beginnings to offer a robust options trading alert service, delivering real-time alerts not just through SMS, but also via email and Telegram. This service, suitable for both novices and seasoned traders, ensures that members are always in the loop for well-informed trading decisions. With transparent pricing, a proven track record of profitability, and a diverse range of educational resources, The Trading Analyst stands out in the crowded options trading space.

Members of The Trading Analyst are privy to real-time alerts, ensuring they're always informed about new options positions. Buy alerts are dispatched when entering a position, and sell alerts are sent upon exit, all in real-time. This ensures that traders are always on top of potential trading opportunities. Every position is updated in their real-time portfolio tracker with targets and stop/loss parameters.

The Trading Analyst offers alerts from multiple trading systems, including swing trades and momentum trades. The purpose here is to provide a steady flow of alerts in different market environments. So, in certain market conditions, one system might generate more alerts, while the inverse can be true when market conditions change.

The Trading Analyst’s swing trades are typically longer-term, held for 3-30 days. Momentum trades are shorter, and are typically held anywhere from a few hours to a few days. The rate of alerts can always fluctuate, but the average between the two systems is about 2-5 trade alerts per week. They also offer an intraday alerts Telegram channel, which will broadcast up to 10 alerts each day.

Every Monday morning, The Trading Analyst’s trading team shares a Trading Report, which details exactly where the market currently is, what to expect in the upcoming week, and what to keep an eye on. This report is highly favored among The Trading Analyst’s community due to its valuable insights.

Subscribers have a range of billing options to choose from. The monthly subscription is priced at $147, offering an average of 2-5 meticulously curated trade alerts per week (not including Intraday Alerts).

For those looking for even better value, the annual subscription is available at $787. Beyond the alerts, members also benefit from a live portfolio tracker, watchlist, a vibrant Telegram channel, where they can access real-time alerts, custom charts, trade explanations, and other exclusive content, and a plethora of educational material (options trading courses in PDF format included).

In conclusion, The Trading Analyst, with its commitment to transparency, education, and consistent profitability, offers a comprehensive package for traders looking to navigate the options market with confidence.

Mindful Trader

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Mindful Trader is an options trading alert service that’s very comprehensive and ideal for both beginners and advanced traders who want to get into swing trading. The platform’s noteworthy advantages include top-notch strategies, a proven history of returns, and signals from one of the best professional traders in the industry. However, Mindful Trader also has its disadvantages, which include a lack of algorithmic signals and a relatively old-school approach to providing options advisory services. With Mindful Trader, traders can access advice related to stock picks, options recommendations, and future contracts recommendations. The subscription cost for this options trading alert service is $47.

Mindful Trader Platform

Options Trading Club

The Options Trading Club is a trading alert service for traders who are looking for a practical and relatively affordable program. That is because the Options Trading Club is an exclusive Discord chatroom, and Discord Chat Rooms are familiar to most people. This simple approach makes it a great starting point for beginners.

The Options Trading Club has a training program with videos that explains basic concepts in an easy format, allowing traders of all levels to easily understand what they need to do. Traders can easily rewind videos which is an extra advantage that allows learning to happen at an individual’s desired pace.

In addition to that, the Options Trading Club allows members to learn and discuss trading ideas with each other and trading experts.

However, the platform is slightly exclusive and new members need to submit an application before being admitted. The reason for this exclusivity is to ensure that only serious traders access their resources and to limit spam. Since Discord is the primary way of receiving signals, this controlled traffic is a definite win.

Once a trader is accepted, they will pay a membership fee of around $3 for the first month and then $29 for the succeeding months. However, that is a limited offer; the new membership fee to be rolled out in a few months will be $1000/year. The rate is probably derived from all the resources offered that promise successful trading and how convenient it is to receive signals.

Benzinga Options Alerts

Founded in 2010 by Jason Raznick, Benzinga has grown into a significant data technology and media startup, with its website, Benzinga.com, attracting approximately 16 million monthly visitors. Benzinga Pro, an advanced newswire tool, was launched a few years later, continually evolving and enhancing its technology and usability, with a brand new stock screener and chat function being the latest additions.

Initially designed as an event- and news-based platform, Benzinga Pro's functionalities have significantly expanded to include a stock scanner, stock screener, trade signals feature, and a trading chat room. The platform is web-based and can be accessed from any device, including mobile phones, through the Benzinga App, though using a personal computer provides the best user experience.

Benzinga Pro boasts various features that make it a comprehensive tool for traders. These include a real-time news feed for keeping up with market developments, a detailed analysis window for in-depth market analysis, an event calendar for tracking market events, and a watchlist feature for monitoring selected stocks. It also features a top movers list, stock scanner, signals, stock screener, squawk, and chat room to help traders make informed decisions.

The Speculator

The Speculator is a trading alert service that is best for traders who are looking for high opportunity selections. This feature is made possible by an innovation known as LEAPs, popularised by respected stock picker, Eric Fry.

Although the chances of success are usually placed at 50%, when the trades do succeed the profits can get to triple-digit percentage returns.Therefore, the speculator is best suited for traders who are a little more experienced and who have enough capital to trade with higher risks.

Due to the possibility of such high returns, and the average annual return placed at 50%, the annual cost of the service is $1499/year. Also Eric Fry’s selections have been reported to win an impressive 64% of the time.

One downside is that the resources available on the platform are not as rich as those on other trading alert services. They mostly focus on educating users on the options that Eric Fry prefers. So the platform is best for traders who want to base their trades primarily on his decisions. However, this is not a bad strategy given the fact that most of the trades have a high return potential and any losses made can easily be made back. Traders need to remember that although these trades have a great profitability projection, capital is still at risk and careful consideration needs to go into the decision.

Options trading alerts from The Speculator are received via notifications on the platform. However, more trading alert signals will be availed in future.

Sky View Trading

Sky View Trading is very focused on providing educational materials. That makes it ideal for newbies who are just getting started in options trading. This platform’s advantages include fantastic educational materials, speedy real-time alerts, and a number of social attributes not typically found in options trading alert services. However, Sky View Trading also has its disadvantages, which include a hefty price tag and the need for significant capital to hold positions. With Sky View Trading, traders can receive alerts and spend time in chatrooms to network with other traders. The subscription cost for this options trading alert service is $199 per month.

Sky View Trading Platform

What is an Options Trading Alert?

An options trading alert service is a specialized service used by options traders to make trades that are more profitable. These services will notify traders who are subscribed to their services when options experts, algorithms, and analyzed information result in a key decision that one should make a particular trade. This notification or alert will be sent to a trader’s phone or email. They are used by both novice traders and expert traders alike. Such alerts can also detail new trading strategies, ideas, ways to save time trading, and ways to reduce risk.

How Do Option Alerts Work?

Option alerts are timely notifications that give traders insights into possible moves in the options market. Here's a breakdown of the essential details they provide:

Such alerts are invaluable to traders looking for opportunities in the options market. They provide up-to-date information, helping traders decide when to buy or sell options.

However, diving into options trading isn't without risks. Before trading, it's crucial to obtain approval from your broker. It's equally vital to grasp how option prices function, recognize the inherent risks, and choose the most suitable trading platform. Always stay informed to ensure wise trading decisions.

How to Use Option Alerts – Step-by-step Guide

Examples Of Successful Option Alert Strategies

Options trading alert services offer traders the advantage of timely notifications and clear trading directives. These can significantly enhance the chances of successful trades and empower traders with the data they need to make well-informed decisions. Below are some exemplary strategies:

Price Alert for a Breakout

Traders can set a price alert to be informed when a stock's price moves beyond a specified range. Such breakouts might signify a potential trend shift or continuation. Armed with this alert, traders can pinpoint lucrative trade opportunities and strategize their moves with precision.

Volume Alert for Unusual Activity

This alert notifies traders when a stock witnesses unusual trading volumes, hinting at possible price shifts. Recognizing these anomalies early can be the difference between capitalizing on a trend or missing out.

Technical Indicator Alert for Buy or Sell Signals

Traders can set alerts based on specific technical indicators like moving averages or the Relative Strength Index (RSI). When these indicators signal a buy or sell opportunity, the alert ensures traders are in the loop, primed to act decisively.

However, it's crucial for traders to exercise caution. Not all options trading alert services prioritize the trader's welfare, and following recommendations without due diligence can be risky. It's always recommended that traders research extensively and select an options trading alert service that aligns seamlessly with their trading objectives.

Should I Try Options Trading Alert Services?

We would recommend trying out an options trading alert service. Many of these services are excellent and quite helpful – especially the service providers on this list. There are many different ways that a trading alert service can help you improve your returns and learn more about the market as a newbie trader. By following these alerts, you can enjoy better guidance and education about the market. Let’s take a look at some pros and cons of using options trading alert services.

The Pros of Options Trading Alert Services

There are a number of advantages to using options trading alert services.

The Cons of Options Trading Alert Services

There are a few disadvantages worth mentioning when it comes to options trading alert services:

Best Options Trading Platforms

There’s no real point in using options trading alert services in 2024 if you aren’t trading on an options trading platform. There are many different brokers and exchanges out there that offer options trading, each with their own benefits and downsides. We recommend either eOptions and Webull for options trading. It’s quite easy to trade on these platforms as a beginner, and you can easily set up your options trading alert services to send you notifications during your trading times on these platforms.

eToro

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. It has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC and eToro (UK) is licensed by the British regulator FCA. The broker also has a representative office in Australia and the USA.

eOption

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The eOption broker (eoption.com) is an American stockbroker headquartered in Glenview, Illinois. It has been operating since 2007 and is a member of FINRA and SIPC. It specializes in options trading and also acts as an intermediary in trades involving the popular securities classes. The company offers low trading commissions, super-fast execution of orders, and modern platforms with an advanced set of analytical tools. In 2020-2021, eOption was recognized as the best options broker by several resources such as Investopedia, The Tokenist, Benzinga, Investormint, and NerdWallet.