Finding The Best Options Alerts Service To Trade & Uncover Amazing Trading Opportunities
Before you make the plunge and sign up for a membership, it’s important that you look for the best options alerts service that will suit you the best.
This goes beyond just win history, but involves a careful assessment of if the service will fit your trading style.
So with that in mind, let’s look at a few of the most popular services out there.
Options Trading Service List
The Empirical Collective
The Empirical Collective is our #1 choice. We feel that they offer more value than any other alert service out there, as they not only give you alerts, but access to data and unique trade ideas that nobody else does.
And their membership cost is a fraction of what the competition charges.
As for their trading style, The Empirical Collective only buys options. This keeps things simple for members who want to follow their trade alerts.
As we briefly mentioned before, they also provide their users with different alternative sources of data. Like their social sentiment tracker, which scours different social forums in order to determine what stocks millions of retail traders think will go up or down.
A really unique service they offer is their tracking data on insider trading. This tracker records the buying & selling of stock of the employees of publicly traded companies (after all, if the employees are buying stock, that’s often seen as a bullish sign).
They also have a similar tracker where they monitor the stocks government employees have bought or sold within the last 45 days.
And their trading record looks great. You can see more information on their website here.
When trading options, the majority of the people out there claim that you’ll make more money by selling options rather than buying them.
But Felix Frey of Options Geek claims that the top 1% of options traders buy options.
This swing trading service is based on Felix’s trading experience and there is a lot of time that is spent on educating new traders.
We looked, but couldn’t find a list of any current trades or what their win rate was when we visited their website.
Options Trading Club
The Options Trading Club is primarily a service for people who are looking to sell options (not buy them).
In addition to this, their trades are run through a Discord server, which many customers have found hard to follow.
They mentioned the server is organized well, but there are a lot of different traders posting trades, so some found it a bit confusing.
FAQ Related to Finding The Best Options Alerts Service
What is an Options Alert Service?
An options alert service helps traders by sending out trade notifications about potential good trade set ups for them to take advantage of. By monitoring the markets and issuing alerts when certain conditions are met, these services can provide traders with a helpful way to spot lucrative trading opportunities. Many options alert services offer unique trading features, allowing users to receive alerts that are specifically tailored to their investment strategy and preferences. Options alert services can be extremely useful for active traders who don't have the time to constantly monitor the markets. By automating the process of finding tradeable situations, these services can help users make better and more informed decisions
How to become an options trader?
There is no one direct path to becoming an options trader. However, a few things you could do include studying finance and economics as you practice trading on a demo account. Networking with other traders can also help. There are also various courses and programs available that can teach you about options trading. The Options Industry Council website is a great resource to look into as well. Finally, remember that the most important thing is to practice and keep learning as much as you can.
What is an options trading alert service?
There are a few different types of options trading alert services. The most common is a service that sends you an email or text message whenever they feel that there is a trade opportunity that looks profitable. Some traders also set up trade alerts within their trade platform, where they get notified when a particular stock hits a certain price point, or when the volatility of a particular stock increases above a certain threshold. Other people might use an alert service to notified them when certain technical indicators are met, such as when the Relative Strength Index falls below 30%. The goal of using an options trading alert service is to help traders make more informed and timely decisions about when to enter and exit trades.
What is the best options trading advisory service?
The best options trading advisory service is The Empirical Collective. They offer more value than any other trade alert service currently on the market at a fraction of what the competition charges.
Who are the best options traders?
There are a number of different opinions on the subject of finding out who are the best options traders. Some people say it's the experienced traders who have been in the business for a long time. Others say it's the traders who are able to think outside of the box and come up with new & innovative strategies. Regardless of the difference of opinion, what is clear is that successful options trading requires skill, experience, knowledge, and discipline. It's not something that can be learned overnight. So if you're looking to become one of the best options traders, be prepared to put in a lot of hard work and dedication.
Are option alerts good?
Option alerts can be a very useful tool for traders, but you shouldn't just blindly follow them. You will still need to ensure you are trading within your own individual risk tolerance and in alignment with your personal investment goals.
How to Choose the Best Options Alert Service?
There are a few things to keep in mind when choosing an options alert service: 1. How timely are the alerts? Make sure you can get the alerts quickly by SMS text or email. 2. How accurate are the predictions? No service will ever be perfect, but you want a service that gives you a good chance of making money off the alerts they send out. 3. What do other users say about them? A quick Google search should turn up some reviews from customers. Make sure you have a look & see what they have to say about the service before signing up.
What are put options?
A put option is a contract that gives the holder of the put contract the right to sell a specified amount of an underlying asset at a specified price within a specified time period. Typically, puts are used as a Hedge against drops in the value of stock portfolios or as speculations that pessimistic investors makes about certain stocks.
What is the most important thing to keep in mind when evaluating an options trading alerts service?
When evaluating an options trade, the most important thing to keep in mind are your goals and objectives. What are you looking to achieve with the trade? Are you trying to make a quick profit, or are you holding the position for longer-term gains? Make sure the service you sign up for matches your trading style - whether it's high frequency trading, day trading or swing trading.