6 Best Options Trade Alerts & Trading Services in 2024

Table of Contents

• The 6 best options trade alerts: Examining the top trading services in 2024
• 1. The Trading Analyst – The best options trading service overall
• 2. Benzinga Options – Weekly options trade alerts for an affordable price
• 3. Motley Fool Options – A premium options trading advisory service
• 4. Mindful Trader – A budget options alerts platform
• 5. Stock Market Guides – More than 150% average annualized returns
• 6. CloseOption – A robust binary options trading platform
• Options trade alerts FAQ
• What is the options price alert?
• What is the best options alert service?
• How do you predict options trading?
• How do you read and trade an options alert?
• The bottom line

Options, with their unique ability to hedge risks and generate income, have garnered the attention of a diverse range of investors. Whether you're a crypto enthusiast diversifying your portfolio or a traditional market investor seeking new opportunities, understanding the best options trade alerts and trading services can make a significant difference in your financial journey.

However, with a large number of platforms available to choose from, it can be difficult to decide which might be the best for you and where you should spend your hard-earned money. If you are reading this article, you probably already know that options trade alerts don’t come cheap.

In this article, we will examine the five best options trade alerts and options trading services available in the market right now.

The 6 best options trade alerts: Examining the top trading services in 2024

In the following sections, you will find the best options trade alerts and trading services. It is worth pointing out that the list is based on our personal experience and opinions and doesn't necessarily entail that one platform is “better” than another. Also, the following products focus primarily on traditional options trading. If you want to explore crypto alternatives, we suggest you check out our selection of the best crypto options trading platforms.

1. The Trading Analyst – The best options trading service overall

The Trading Analyst is the leading options trade alert platform on the market, notifying traders about potentially lucrative market opportunities. According to The Trading Analyst, their success ratio is 53%, with 337 wins and 302 losses since July 2018. 

The platform aggregates tens of thousands of data sets to spot any potential market opportunities. When these opportunities are identified, they are relayed to users via Telegram, text messages, and email. On average, the platform sends 1-2 swing trading-related alerts per month and 2-5 momentum trading-related alerts. Each trade targets 10%-20% gains.

The Trading Analyst sends both “buy” and “sell” alerts, notifying users when to enter and exit positions. Per the team, the profit per profitable trade is $4,324, and the average loss for a losing trade is -$2,604, amounting to an overall profit factor of 1.66.

Key features: 

• An easy-to-use alert system
• A dedicated educational section for new traders
• Alerts are sent via Telegram, text message, and email
• Covers swings, momentum, and intraday trades
• A high-profit factor of 1.66 (since July 2018)

Visit The Trading Analyst

2. Benzinga Options – Weekly options trade alerts for an affordable price

Benzinga Options is one of the more comprehensive options on our list, with a starting annual price of $297. On top of that, the platform has a 30-day refund policy, which means that you can try out the service in full and easily cancel your subscription if you are not happy with the results.

Benzinga Options is run by Nic Chahine, a professional trader with over 20 years of experience. He blends options alerts with precise strike prices and expiration dates with market analysis and educational material. 

The platform features an options screener that allows users to filter for options contracts based on a variety of criteria, such as strike price, expiration date, and implied volatility. In addition, the integrated options calendar allows users to view upcoming options expirations and other important dates for the stocks and ETFs they are interested in.

Key features: 

• Run by Nic Chahine, a prominent trader with 20+ years of experience
• Free access to Benzinga Boot Camps
• Newsletter with educational and market analysis material
• 30-day refund policy

Visit Benzinga Options

3. Motley Fool Options – A premium options trading advisory service

The Motley Fool Options service is a subscription service that provides investors with access to research and analysis on options trading. It includes educational and research materials as well as tools like an options screener and option chains.

The service has a 30-day money-back guarantee, which allows you to test out the features and get familiar with the platform without risking any money. Motley Fool Options boasts an 81% success when it comes to profitable trades since its launch in 2009. Their trades mostly target 5-10% returns over a few weeks.

The service is headed by Jim Mueller, who is a Chartered Financial Analyst (CFA) and keeps users updated about his stock picks and best investment approaches. Overall, Motley Fool’s options offering is not cheap but is generally considered to be one of the best in the market.

Key features: 

• A long track record of profitable trades 
• 81% success rate since 2009
• 30-day money-back guarantee
• Recommendations mostly target 5-10% returns over a few weeks

Visit Motley Fool Options

4. Mindful Trader – A budget options alerts platform

Mindful Trader is a comprehensive options trading service offering educational content, trading strategies, and trading alerts. The weekly contests are a unique opportunity for traders to earn more profits by placing high on the leaderboard ranked by the most successful trades in a given week.

The service is run by Eric Fergusson, a professional trader who has leveraged his personal trading experience to build the Mindful Trader platform. Eric provides a complete track record of his trading strategies spanning 20 years, which allows users to see how his strategies work in practice. Most trading alerts shared by Eric are focused on week-long trading opportunities.

On occasion, Eric shares his stock picks and options trading recommendations for free to his community, which can be considered free option trade alerts – which others on our list don’t do.

Key features: 

• Trading alert services start at just $47
• A budget-friendly options alert service
• Run by Eric Fergusson, a professional trader with over 20 years of experience
• Easy to understand and follow entries and exits

Visit Mindful Trader

5. Stock Market Guides – More than 150% average annualized returns

Stock Market Guides is an options and stock alert service that notifies users about potentially lucrative investment opportunities in real-time. The platform claims higher than 150% average annualized returns and promises to alert users about tips that outperform the S&P 500 significantly. Trade alerts are sent via email and text, with each trading idea backtested thoroughly before being shared with the user base.

The service supplies users with multiple options and stock picks per day, including pre-market and market hours picks. In addition to trading tips, Stock Market Guides provides users with tutorials about trading strategies used by experts working for the company. In addition to day-to-day alerts, users also get access to the newsletter which focus on broader market trends and commentary on the reasons behind them.

The option alert service starts at $69/month, and the stock picking service carries the same price tag. The options and stock bundle cost $95 per month or $675 for a full year.

Key features:

• Instant notifications on critical market movements and trade opportunities
• Each alert is backed by thorough research and analysis
• Subscribers receive access to a wealth of educational content
• Options to customize alert settings according to personal trading strategies and risk preferences

Visit Stock Market Guides

6. CloseOption – A robust binary options trading platform

CloseOption is an options trading service that supports 17 fiat currency pairs as well as several crypto pairs, including ETH/USD and LTC/USD. The minimum deposit amount is $5, with trade sizes ranging from $5 to $1,000.

The platform allows traders to try out trading strategies using a Demo account, which comes with $100,000 in virtual currency. CloseOption is primarily focused on short to medium-term traders, with expiration dates ranging from 30 seconds to 1 month.

CloseOption supports a variety of traditional payment methods, including PayPal, MasterCard, and wire transfers. In addition, the platform supports several crypto payment methods, including Bitcoin, Tether, Ethereum, TRON, and several more.

Key features: 

• Focused on binary options
• Supports traditional and crypto payments
• A wide range of educational content
• Easy-to-use interface
• Weekly contests

Visit CloseOption

Options trade alerts FAQ

What is the options price alert?

The options price alert, in the context of alert services, is a notification sent by a professional trader or organization informing users about potentially lucrative trading opportunities.

What is the best options alert service?

The best options alert service is The Trading Analyst. It uses an easy-to-understand alert system, offers plenty of educational material, supports Telegram, text message, and email alerts, and has a profit factor of 1.66.

How do you predict options trading?

Predicting options trading outcomes is a complex endeavor, as it involves making educated guesses about the future price movements of underlying assets. In general, traders use technical analysis, fundamental analysis, implied volatility, options greeks, and other tools and strategies to make educated guesses about potential price movements.

How do you read and trade an options alert?

Reading and trading an options alert involves understanding the information provided in the alert and taking appropriate action based on your trading strategy. Options alerts typically contain key details about a specific options trade, including the underlying asset, the type of option, the strike price, the expiration date, and the trader's recommended action. 

The bottom line

The world of options trading is a dynamic and potentially rewarding arena for investors and traders. The ability to use options to hedge risk, generate income, and speculate on price movements offers a wide range of opportunities. However, navigating this complex field can be challenging without the right tools and guidance.

Options alert services can help you navigate the complexities of options markets and enable you to leverage the financial knowledge of experienced traders to your advantage. 

If you want to explore other trading instruments apart from options, we suggest you give the following articles a read: 

• 8 Best CFD Trading Platforms & CFD Brokers
• 8 Best Bond Trading Platforms & Brokers
• 8 Best Commodity Trading Platforms & Brokers
• 8 Best Futures Trading Platforms & Brokers
• 8 Best Algorithmic Trading Platforms & Brokers