Are you looking for good recommendations for an options trading alert service, with real options trading professionals, that have a consistent track record and a good reputation? The best services offer real-time alerts with entries and exits. They also keep it simple, while also offering tutorials to help new traders get started.
I’ve seen many offering the moon, and exaggerating their trading results, and in reality, they are “only” making money from memberships, not trading, while customers consistently lose money. Some of them have ads claiming to be the best options trading alert service, which are pretty bold claims.
What Is an Options Trading Alert Service?
People love options trading right? So wouldn’t you want an options trading alert service? Sure, but some are better than others. Do you want entries and exits? Undoubtedly, it depends on what you’re looking to gain from a service like that. And how much you’re willing to pay to get it.
Why Trade Options?
Puts, calls, delta, strike prices, expiration date, implied volatility, bear put spreads, butterfly spreads. It would take months to learn and understand all the technical jargon, and this is not even the hard part.
At first glance, trading options contracts seem like a daunting and complicated task. And, like penny stocks, options have a reputation for being risky.
All things considered, this is likely why people tend to shy away from trading them. But similar to any other form of trading, if you know what you are doing, the risk is manageable.
For the most part, stock options can provide a great deal of flexibility to traders. Whether the market or the underlying asset moves up, down or sideways, you can trade and make money. Sounds attractive right?
In my opinion, the shining feature of trading options is the massive leverage you’re able to use in your trades. For example, let’s look at someone who is simply trading in shares. Most often than not, share prices only move a few points up or down each day.
Unless you hold a significant number of shares, you’re not going to make enough to cover your commissions, or be worth your time and effort. However, options contracts on the same underlying allow you access to 2 to 3 times the number of shares without costing you your shirt.
For these reasons, options trading is a fantastic way to grow a small account; you can trade large stocks without having to spend as much money. Check out our post on hedging stocks and how to protect yourself from loss.
Does Option Trading Really Work?
Option trading really does work if you know how to trade them properly. If you’re an options buyer then add Probability ITM onto your options chain. This will show you the probabilities of being in the money at expiration. They deeper ITM you go the higher probability of success on your trade. Deeper in the money options are more expensive because you have a higher probability of success on the trade.
The Top Reasons That You Might Want to Consider Learning How to Trade Options
- Leverage is your secret weapon for higher returns
- Useful for hedging on stock trades and other clever strategies
- Properly managed, they offer lower risk than stocks.
- Trading options contracts can result in significant 100%, 200% or even 300% gains.
What Is the Best Stock Options Trading Alerts Service?
There are plenty of stock options trading alert services run by experienced traders, who can give you alerts on which options contracts you want to buy or sell, at what price and at why time. In fact, these membership services are structured in a way that you won’t have to do any analysis or research of your own. Many are truly a hand off approach where all you have to do is copy and paste the trades and follow the instructions. When the dust clears, you have a good chance of turning a profit, if you can pick the best options trading alert service.
Advice On Picking The Right Options Trading Alert Service
With hundreds of options trading alert services, each offering a different strategy to make you money, how is one to choose the best?
Sadly, many of them are outright scams, run by traders with no experience. And worse yet, they fudge their trading records to show a profit. In an attempt to protect yourself, here are a few suggestions to protect yourself when looking for the best stock option picking service:
- Always opt for the ‘Free Trial.’ And if they don’t offer a free trial, ask for one!
- Make sure the ‘Options Advisory Service’ displays their trading performance accurately.
- Check for user reviews
Bullish Bears Options Trading Course and Alerts
Before you sign up for any options trading alert services, you must understand how options work. And one of the best things you can do for yourself is to invest in the right training course.
If you’re anything like me, you will find that the world of options trading can be very complicated at first. With a lot of moving parts and information, you’ll feel like you’re drinking from the fire hose.
Unfortunately, because of this, you might end up walking away from options trading all together. Luckily, Bullish Bears realized this and tried to simplify things in their options trading course.
Bullish Bears also offers a real-time stock alerts service to their community members. They are actionable trade alerts, which include entries and exits; how cool is that?
Not only are they in real-time, but they’re posted on their private Twitter page (see above). You can scroll back and review our options trades there too.
Compared to what you’ll find in other options trading courses, this will feel like a walk in the park. And that is why I think beginner traders will benefit from the Bullish Bears free options trading course.
What Is the Best Indicator for Option Trading?
- Price action is the best option trading indicator
- Open interest shows the number of open contracts
- Unusual options activity shows large blocks of open interest
- High volume is a good indicator of liquidity
- Put-Call Ratio (PCR) Indicator
Finally, learning and understanding the inner workings of options can take months or even years. That being said, you don’t have to go through much of that if all you are looking for is to make money trading them.
Come to think of it, if you have a basic understanding of how the stock market works and a simple working knowledge of options, you should be able to copy the strategies of others, effortlessly. They do the hard work of charting, finding the trade, and managing it, but it is still up to you to manage YOUR trade, as it is your responsibility, always. The market can be unpredictable. Using the 1 percent rule can help protect your trading account from black swans or rug pulls.
If this sounds appealing to you, Bullish Bears offers a 14-day, risk-free trial. During this time, you’ll have the ability to hang out with them in their trade room, access their moderators and see their option trade alerts at no cost.
If you are getting started with options trading, Bullish Bears is a service you should consider. Register for your free membership to gain access to their basic options course. Remeber, the best stock option picking service is one that teaches you how to trade while also showing you.
Best wishes on your trading journey.