Choosing the best options subscription service requires considering a number of factors. It’s important to check a service’s track record and understand how much it might be willing to lose on each trade so that you can determine whether it matches your risk tolerance. It’s also helpful to see how many trades a service puts on per week, as that can help you gauge its consistency.
Sky View Trading is an options alert service that puts a lot of focus on educational materials. This makes it ideal for newbies who are just getting started with options trading. The service provides daily options trade alerts by email and SMS, and it offers an in-depth training course designed for beginners. Sky View Trading also has a Discord chat room to help its members network with other traders. Its downsides include a hefty price tag and the need for significant capital to hold positions.
The Motley Fool Options service best options subscription service has a solid track record and focuses on providing thorough explanations of its options picks. The service’s $999 a year subscription fee is relatively high, but it can be worth it for those who are looking to build an options trading portfolio.
Stock Advisor is another option service from the Motley Fool and has a long history of market-beating returns. This service is a bit less consistent than the others in this list, but it is an excellent choice for those who are willing to accept a higher level of risk.
Lightning Alerts provides options trade alerts via an app and within its member dashboard. The service is led by Jeff Williams and includes access to his digital vault of trading secrets with how-to guides and videos. The service costs $1,499 a year.
Market Chameleon is an all-in-one research platform that has a lot to offer users. It allows them to scan millions of options and stock data points for catalyst events, implied volatility movers, and more. It also lets them backtest trading ideas and analyze pre-market and after-hours activity. The service is not cheap, however, and the user interface can be clunky.
Traders looking for a reliable options service that provides actionable trade recommendations should consider Benzinga Pro. The service’s options trading alerts are delivered to subscribers’ desktops through notifications and provide them with a calendar of previous trades. Its Traders’ Lounge provides subscribers with a community of fellow traders and educators. Benzinga Pro also has an extensive library of educational materials and webinars.
Zero Days to Expiration is an options trading advisory that specializes in US-listed options with expiration dates on Fridays. The trades that the service recommends are typically very high-risk, but they can be profitable if they work out. The service also offers a free trial that gives users an opportunity to test out the strategies for themselves. However, it’s important to note that the service only recommends trades for US-listed options.