Best Options Trading Alert Services

Learn to trade options like a pro with Benzinga Options.

If you’re ready to take your options trading to the next level but need reliable guidance and profitable trading ideas, an options trading alert service may be what you need. 

Option alert services are valuable for beginners and experienced traders. They can offer users novel trading ideas and save time. Subscribers can gain practical experience and reduce risk by following expert advice.

In this article, Benzinga looks at the best options trading alert services.

Quick Look at the Best Options Trading Alert Services:

Benzinga’s choice of the best option alert services includes:

• Best for Budget-Friendly Subscriptions: Benzinga Options
• Best for Identifying Investing Opportunities: Stock Market Guides
• Best for Novice Options Traders: CloseOption
• Best for Novice Options Traders: The Trading Analyst
• Best for Swing Trades: Mindful Trader
• Best for Detail-Oriented Options Traders: Motley Fool Options

1. Best for Budget-Friendly Subscriptions: Benzinga Options

Benzinga Options is a trading alert service run by the experienced Nic Chahine. The service sends out two alerts every month. Chahine has years of trading experience and demonstrates a 90% success rate based on early news with expert market analysis. Benzinga Options alerts come with high-conviction ideas for ideal strike prices and expiration dates. Chahine shares information about his trading strategy and market rationale. His real-time market analyses help traders learn actionable strategies they can use. Benzinga has a 30-day refund policy, so if you’re not happy you can opt out.

2. Best for Identifying Investing Opportunities: Stock Market Guides

Stock Market Guides provides investors with a unique look at the options markets as a whole. It looks for the best options opportunities based on how popular trade setups have performed historically. It sends you alerts throughout the day, depending on the service you choose. Each service listed is $49 per month, but it offers alerts at different times that will match up with your availability:

• Pre-Market Stock Picks (avg. 10 per day)
• Market Hours Stock Picks (avg. 4 per day)
• Pre-Market Option Picks (avg. 10 per day)
• Market Hours Option Picks (avg. 2 per day)

They say their option alerts have an average annualized return of 136% in backtests. Their alerts are for simple call options. They indicate the exact option to buy and alerts are sent by email or text. You can also use the site to learn about investing with:

• Investing calculators
• Terms you should know
• Strategies to try

3. Best for Novice Options Traders: CloseOption

CloseOption is a great place to invest in stock options, commodities, currency pairs, indices and more. You will enjoy bonuses, low minimums, competitive payout figures and a setup where you know exactly what could happen when you make that trade.

This is a safe place to invest that makes it easier for you to learn the process educate yourself about how options can impact your portfolio and expand this portion of your portfolio with some wisdom.

4. Best for Novice Options Traders: The Trading Analyst

The Trading Analyst uses a swing trading method, focusing on volume trade. The idea is to manage risk so that the loss impact is lower. This strategy looks to ensure overall profitability, which tracks significantly above S&P performance. Trading Analyst boasts a win rate of 53.4% and a 1.67 profit factor. The company provides extensive educational resources covering various trading and risk management strategies.

5. Best for Swing Trades: Mindful Trader

Mindful Trader has been in business since 2020, so it is relatively new to the industry. The company offers alerts on trades that run for three to five days, so it is the best options alert company for traders who prefer swing trades. Founder Eric Fergusson has years of trading experience. He combines his expertise with mathematical analysis to alert traders when to buy and sell.

Mindful Trader sends users between six and eight alerts per week. The platform provides users with useful educational video training, offering details of the strategies used. There are also videos with general information about stock trading and futures and options trading. You’ll pay a monthly subscription for alerts from Mindful Trader. You can unsubscribe at any time.

6. Best for Detail-Oriented Options Traders: Motley Fool Options

Motley Fool Options was launched in 2009, so the company has a long performance history, and profits run at three times the average S&P performance. Traders receive two alerts per month. The alerts come with extensive information on the rationale. The alerts also contain explicit instructions on actions to take. 

Motley Fool Options offers users extensive educational facilities under three levels, starting with the basics and moving up to advanced training. Motley Fool offers subscribers a 30-day money-back guarantee with no questions asked.

How Does it Work?

An options trade alert service provides subscribers with real-time alerts and recommendations. This is how the service works.

• Subscription: Traders pay a recurring fee for the service. The fee structure may be monthly, quarterly or annual.
• Alert generation: A team of analysts and experts track the options market, looking for trading opportunities. They analyze market conditions, technical indicators, news events and other factors affecting options prices.
• Trade alerts: Analysts send trade alerts to subscribers when they spot an opportunity. The alerts contain details like the option contract, strike price, expiration date and recommended entry and exit prices.
• Market analysis: Some services also provide market analysis and commentary so subscribers can understand why the trade was recommended. 
• Risk management: A reputable alert service will include risk management guidelines. They may suggest position sizing, stop-loss levels and risk mitigation strategies.
• Trade execution: Subscribers place orders with their brokers, specifying the option contract, strike price and expiration date.

How to Choose

You’re looking for an options trading service to save time and effort. Here’s what to consider.

Reliability

Assess how the service delivers trade alerts and communicates with subscribers. Consider the ease of use, reliability and responsiveness of the communication channels used for alerts.

Accuracy

Consider the analyst and research team's expertise. What are their qualifications, experience in options trading and ability to provide in-depth market analysis? 

Affordability

While cost shouldn't be the sole determining factor, affordability is important. Weigh the cost against the potential benefits and the company’s performance track record.

Ease of Use

Choose an options alert trading service where you can easily receive the alert, analyze its contents and act. The decision on whether to buy or sell is yours, so you need clear, unambiguous information you can trust. 

Frequently Asked Questions