Finding The Best Stock Options Advisory Service – Reviews for 2023 To Help You Find The Best Option Alert Service to TradeLast Updated: March 1, 2024
A large number of experienced traders, professionals and analysts run Stock Options Advisory Services to provide alerts on the right options contract to buy or sell and at the right time and price. The most appealing characteristic of such services is their structure which saves you from having to perform any research or analysis on your own. You can simply copy and paste the trades you receive from them and follow their instructions and stand a good chance of turning a profit.
A good Stock Options Advisory Service allows you to follow along with their trades and generally offers some sort of training resources as well, so you can learn as you go. You can find a wide range of service providers, each having its own strategy, trading frequency and medium of signal delivery & you can choose the one that matches your requirements. However, it is important to stay away from scams run by inexperienced traders.
We want to help by separating the good ones from the scams and have come up with the best Stock Options Advisory Services to consider:
The Empirical Collective - An Incredible Options Trading Alert ServiceThis service is incredibly unique, as it blends the combination of custom trading tools with incredible option trade alerts.
Where most options services seem to offer one or the other, The Empirical Collective seems to have combined them all into one membership.
They only offer one level of membership (so you aren't bombarded with upsells like so many other services) that gives you access to their trade alerts (which have averaged over 24% return per trade and win rates up to 95%) as well as their custom trading tools designed to keep you ahead of the competition.
And the cost of a membership with them is incredibly low when you take the time to compare what they have to offer with the competition. (It seems they're having a promotion right now, so pricing may change at some point - which may change how things stack ujp.)
But all things considered, I feel that when you stack them up against any other service, they offer way more value. Plain & simple. You can find more about what they offer by following this link.
Options Intelligence ReviewIf you have been searching for the best Options Signals Services you may have already heard about Options Intelligence. It is one of the most popular and reputed stock options advisory services out htere. They deliver alerts on a weekly and monthly basis through different platforms including email, text message and Twitter. Their trading strategies are focused on single-leg, short-term opportunities.
A lifetime average winning history of more than 75% with a track record of more than 15 years makes it a reliable option. It has an updated track sheet and offers a 30-day free trial offer. Both of these features go a long way to show that the service is reliable. You can subscribe to the alerts for free and check the performance for 30 days before spending anything.
Options Intelligence service claims to have a win rate of 77% on 3425 trades over a time span of 15 years and this can be verified from the track sheets displayed on their website. It strives to serve traders who are serious about making good stock option trades every month. If you are trying your hand at options trading, this service is definitely one to look into.
Trade-Alert ReviewThe next on our list of the best Stock Options Advisory Services is Trade-Alert.com which provides real-time stock alerts along with some order flow analysis tools to help traders make informed decisions and maintain account coverage. Established in 2005, Trade-Alert has always worked to set the standards for accurate, timely flow analysis. This service is directed specifically towards experienced traders. While they don't necessarily spoon feed people, they have an incredibly extensive list of tutorials and training options.
As the system automatically alerts you in real-time to potential trade setups, they give you an incredible amount of setups to consider.
This service is geared towards artificial intelligence trading (as it analyzes the entire US & Canadian stock markets each and every day) and they typically provide you with a list of setups & timeframes for trades in anticipation of the next trading day.
You can check them out here.
Trade-Alert generates alerts from a wide range of strategies covering a variety of events including Earnings, Merger-arbs, etc. and you can customize the alerts to fit a particular trading setup or strategy.
We highly recommend this service if you're looking to trade seriously on your own while placing your own trades. If you want to just follow along and place trades with someone else advising you, then we recommend signing up for our service or one of the others we recommend here.
We recommend this advisory service because it offers a vast array of real-time alerts through web and instant messaging, provides live support, features customization ability and facilitates on-demand flow recaps.
This is the stock charting service that we use, and you can see our previous in depth review here.
SteadyOptions ReviewListed at number three on our list is another nice service dedicated to helping subscribers trade options accurately without having to have deep knowledge about trading. SteadyOptions provides guidance on financial as well as risk management to make sure that risks assumed by users don’t destroy them.
This service offers three different strategies that you can select from depending on your risk profile, target returns and portfolio value.
Steady Options provide trading strategies, mainly non-directional in nature and intended to help active traders with a portfolio in the range $10,000 to $100,000. Another strategy is Anchor Trades aimed to generate annual positive returns. This long-term strategy involves buying ETFs correlated to the S&P 500. Steady Condors is a strategy aimed at mid-term investors. It involves risk management in options trading, 2-3 hedged non-directional trades targeting 2-3 percent returns each month.
SteadyOptions lists all the trades, winners as well as losers, on the track record to let users check out their performance. They send trade alerts during market hours so that you can place them at the right time. They offer a free 10-day trial to let you see if the service suits your requirements. here.
Stronghold Research ReviewThis research service used to offer option trades, but has more recently has shifted its focus toward providing longer-term buy and hold advice. 🤑
Their primary mission is to identify stocks that can remain resilient during economic downturns and stay abreast of companies that will benefit from the mining, energy and natural resource boom currently underway. ⛏️
They provide comprehensive company research (with perspectives from different investment banks and analysts - setting them apart from most stock pickin g services) at a very reasonable fee. 💼
You can access an example copy of one of their reports here📄 , or visit their website here for further details.
Princeton Research ReviewUPDATE: They have discontinued this service
Established in 1997, Princeton Research aims at helping traders make money regardless of what the market is doing. It offers all the stock options picking, research and analysis information so that the users can profit without having to learn any trading skills or analysis. Specific buy and sell trading alerts are directly sent to the members by text message and email. This enables them to use them quickly to make informed decisions at the right time. You can see their site here
With more than 75 years of combined experience in investing and market trading, Princeton Research follows the Profit Performance Proven, Time-Tested, Market Weathered rules which ensure that your investment is protected from losses so that you keep the profit you make. It has developed numerous strategies in Stock Options, ETFs and balanced equity investments allowing users to generate good returns irrespective of the market conditions. It lists ‘Recent Trade’ to let users verify performance and offers a ‘Free Trial’.
InTheMoneyStocks ReviewUPDATE: They have discontinued this service
A proprietary trading, consulting and investment alerts company, InTheMoneyStocks is aimed at guiding swing traders, day traders, options traders and investors to financial success. They use a ‘PPT Methodology’, an amazing combination of pattern, time and price discoveries utilized and perfected with more than two decades of experience in the industry. Market strategists in their team constantly analyze the stock markets and make calls on everything from stocks to currencies and commodities. They work to not just guide members with detailed and precise market calls but to teach them the PPT methods of investment and trading unique to them, in order to help them progress towards financial independence.
The company was established back in 2007 and they have only progressed ever since. A look at their performance track record can give you an idea about their talent revealed from their consistently profitable market calls. With InTheMoneyStocks.com, you learn how to become a profitable options trader and how to consistently profit in any market condition. They claim more than 2000% returns from their offerings and some people have questioned their methods and results. However, the services they offer can outweigh the complaints and it is something you can give a try.
When searching for the best options trading alert service people also wondered about these questions
How do I choose which options to buy?There really isn't a single answer that can answer question properly for each individual who is asking it.
Ultimately, what's best for you depends on your individual investment objectives and risk tolerance.
That said, there are a few general guidelines that can help you make informed decisions when select ing your options:
Who is the best advisor for options trading? And, who has the best options trading advisory service?Based on our in-depth review, The Empirical Collective is the best advisor for options trading.
How do you read option alerts?When you sign up for an alert service, the company will provide you with everything you need to know in order to place the trade, including the: stock symbol, whether it's a call or put trade, strike price, expiration date, the price of the option contract when the trade was placed as well as an estimated price target.
Which tool is best for options trading?Options trading requires a range of 🛠️that vary according to each trader's style and objectives. There is no one-size-fits-all solution; rather, there are various 🛠️ that may be beneficial depending on your individual trading style and objectives.
Technical Analysis - Options traders often employ technical analysis to detect trading opportunities based on price patterns and other indicators. This is an essential skill to master if you wish to become successful as a trader; we offer resources here to help make you an incredibl trader.
Fundamental Analysis - This approach examines the underlying elements that could influence a security's price, such as economic news or earnings reports.
Sentiment Analysis - This examines market participant perceptions about an asset, which can be gleaned from things like social media activity or surveys. (The Empirical Collective has developed a custom tool that monitors the sentiment of over 19 million traders for certain stocks.)
Are options gambling?Trading options is distinct from gambling 🎲. Gambling is quite often defined as being "the activity / practice of playing at a game of chance for money or other stakes." Trading options, on the other hand, is an efficient way to use financial instruments as hedges or to speculate on potential price movements in an underlying asset.
Gambling and option trading both carry some risk, though gambling tends to be seen as more speculative and uncertain than option trading due to its reliance on chance whereas options trading requires you to use your knowledge of market dynamics to make informed decisions based on current conditions. While both involve some degree of uncertainty, gambling tends to involve greater speculative potential.
Options trading offers a greater potential for profit than gambling does, since you are in control of your risk before placing trades.
Can you make a living day trading options?Yes, it is possible to make a livin' trading options but only with hard work and dedicatin.
Most people who try trading options fail 😑 miserably and end up losin' a substantial amount of money.
The key to becoming successful lies in finding your niche where you have an edge over other market participants; discipline in execution; capital management techniques that protect against downside while allowing for profitable opportunities 🤑; these attributes combined will allow anyone to make money trading options full time.
With these qualities in place, there should be no reason why anyone couldn't make a living trading options!