10 Best Options Trading Alerts Services
Jun 9, 2024
Trey Munson
Option Trading Strategy
Looking to enhance your Options Trading Strategy and make more informed decisions when trading online? Options Trading Alerts can be a game-changer for traders who wish to learn and do options trading online.
With real-time notifications on market trends and shifts, these alerts can provide the data and insights you need to optimize your trading strategy and take advantage of opportunities as they arise.
Digital Dollar Standing's Options Trading Platform offers a complete suite of alerts to help traders learn and trade options online. These alerts can help you stay ahead of the game, make strategic decisions, and confidently maximize your trading potential.
Table of Contents
What Is Options Trading?
Options trading involves contracts between two parties, the buyer and the seller, where the buyer pays a premium to obtain the rights specified in the contract. The two main types of options are call options and put options. A call option allows the holder to buy the asset at a predetermined price within a specific timeframe. In contrast, a put option enables the holder to sell the asset at a specified price within the same timeframe.
Each call option has a bullish buyer and a bearish seller, while put options have a bearish buyer and a bullish seller. Traders and investors engage in options trading for various reasons. For traders, options speculation enables them to maintain a leveraged position in an asset at a lower cost than purchasing it outright. On the other hand, investors use options as a hedge to reduce the risk exposure of their portfolios.
Options trading can be a powerful tool when used strategically and intelligently, and I can guide you through the process to help you make informed decisions and maximize your profits. Let's explore the world of options trading together and unlock its full potential.
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Option Trading Strategy
How Do You Track Options Trades
To track my options trading easily, I utilize an options trading journal to record all my trades. In this journal, I document various data points that provide insight into my trading performance. These data points include:
1. Entry Price
This is the price at which I purchased the contract/share to enter a trade.
2. Exit Price
The cost at which I sold the contract/share to exit the trade is recorded here.
3. Entry Date
The date when I opened my position for the trade is noted in the journal.
4. Exit Date
The date when I closed my position for the trade is documented.
5. Call/Put
I mentioned whether the trade was a call or a put.
6. Position Size
The number of contracts I bought or sold to establish the position is logged.
7. Strike Price
This is the contract's strike price, a key detail to note.
8. Expiry Date
The date on which the contract expires is added to the journal.
These eight data points are crucial for understanding trading performance. However, I also recommend tracking additional information to gain deeper insights, such as setups, strategy, and mistakes made.
I document my reasons for entering and exiting the trade and my rationale for adding to the position. Doing so allows me to analyze my performance and identify my options trading edge.
Unlock financial freedom through expert options and crypto trading guidance with Digital Dollars Trading. We provide a premier community, mentorship program, and proven strategies to help you master profitable trading.
We've helped our students make upwards of $30,000+ in a single day through our 1-on-1 mentorship, Exclusive Workshops and VIP Events, Daily trading signals, live calls, and expert tips. Escape the rat race with the Digital Dollars Trading community today. Try it out now!
What Is An Option Alert?
Options alerts are an invaluable resource that every trader should have at their disposal. These real-time notifications can help traders track and manage their options positions more effectively, ultimately leading to better investment decisions. As you navigate the complex world of options trading, alerts can provide critical information on price fluctuations, upcoming expirations, earnings, dividends, and changes in and out-of-money status.
Options alerts on mark price changes are particularly useful. The mark price represents the midpoint between an option's bid and ask prices. When the mark price changes, it can provide valuable insights into the market's assessment of that option's value. By receiving alerts on these changes, traders can stay informed about price movements and significant market events. With this information, traders can take timely action to protect their investments.
Options alerts are an enhanced tool for staying on top of your options positions, providing the information you need to make informed decisions. Whether you're a beginner or an experienced trader, alerts can help you navigate the complexities of options trading more effectively. Trading options can be a complex process, but with the help of options alerts, you can stay informed and make smarter decisions.
10 Best Options Trading Alerts Services
1. Digital Dollars Trading
Digital Dollars Trading offers premier options and crypto trading guidance to help traders achieve financial freedom. Our community provides a mentorship program and proven strategies aimed at helping individuals master profitable trading. Our mentor, Trey Munson, has helped many students make upwards of $30,000 daily through our 1-1 mentorship, exclusive workshops & VIP events, daily trading signals, live calls, and expert tips. Escape the rat race with the Dollars Trading community today.
2. The Trading Analyst
The Trading Analyst is a leading options trade alert platform that notifies traders about potentially lucrative market opportunities. With a 53% success ratio, the platform has had 337 wins and 302 losses since July 2018.
The team aggregates thousands of data sets to spot potential market opportunities and relays them to users through Telegram, text messages, and email. On average, the platform sends 1-2 swing trading-related alerts monthly and 2-5 momentum trading-related alerts, all targeting 10%- 20% gains. The team sends "buy" and "sell" alerts, indicating when to enter and exit positions.
3. Market Chameleon
Market Chameleon's wide array of features and tools caters to novice and experienced options traders. Users can filter and search for options trading possibilities using stock screeners based on criteria like underlying stock, expiration date, and option type. The platform also presents various trading ideas, such as earnings alerts and options strategies, to help traders make informed decisions.
4. Benzinga Options
Benzinga Options, run by experienced trader Nic Chahine, sends out two monthly alerts. With a 90% success rate based on early news and expert market analysis, Chahine shares high-conviction ideas, ideal strike prices, and expiration dates. The platform provides real-time market analysis, allowing traders to learn actionable strategies. Benzinga offers a 30-day refund policy for unsatisfied customers.
5. Stock Market Guides
Stock Market Guides provides investors with a unique look at the options markets based on the historical performance of popular trade setups. The platform sends daily alerts, with monthly services available at $49. Each service offers alerts at different times to match users' availability.
6. Mindful Traders
Mindful Trader sends users between six and eight weekly alerts and provides educational video training on the strategies used. The platform offers monthly subscriptions for alerts and allows users to unsubscribe at any time.
7. The Motley Fool Options
The Motley Fool Options service gives investors access to research and analysis on options trading, including educational materials, research, and tools like an options screener and option chains. With an 81% success rate on profitable trades since 2009, the service is headed by Chartered Financial Analyst Jim Mueller.
8. Options Trading Club
The Options Trading Club is a trading alert service that provides an exclusive Discord chatroom for traders looking for a practical and relatively affordable program. This approach makes it a great starting point for beginners.
9. Close Option
CloseOption is an options trading service that supports 17 fiat currency pairs and several crypto pairs. Traders can use a demo account to test trading strategies, focusing on short to medium-term trades. The platform supports traditional payment methods and several crypto-payment methods.
10. Sky View Trading
Sky View Trading focuses on providing educational materials, making it ideal for newbies in options trading. The platform offers real-time alerts, educational materials, social attributes, and chatrooms for networking with other traders. Traders can subscribe for $199 per month.
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Learn How To Trade Profitably in The Digital Dollars Trading Discord
Here at Digital Dollars Trading, we focus on helping our students master profitable trading through a combination of expert options and crypto trading guidance. We provide a premier community, mentorship program, and proven strategies designed to help you achieve financial freedom. Our goal is to help each of our students succeed in the trading world, unlocking the path to financial independence.
Unlocking Financial Freedom with Expert Mentorship
Digital Dollars Trading offers a 1-1 mentorship program to provide personalized guidance to help you navigate the trading world effectively. Our experienced mentors are here to help you develop the skills and confidence needed to make informed trading decisions. Whether you are a beginner or an experienced trader, our mentorship program can help you achieve your financial goals.
Exclusive Workshops & VIP Events
A member of Digital Dollars Trading, you gain access to exclusive workshops and VIP events designed to enhance your trading skills. These events provide valuable insights into the latest trading strategies and trends, helping you stay ahead of the curve in the trading world. Participating in these events allows you to gain an edge over other traders and maximize your trading potential.
Daily Trading Signals & Live Calls
Digital Dollars Trading offers daily trading signals and live calls to help you make informed trading decisions in real time. Our team of experts analyzes the market daily to identify potential trading opportunities, which are then shared with our students. These signals can help you make profitable trades and maximize your trading success.
Expert Tips from Trey Munson
With Digital Dollars Trading, you gain access to expert tips from Trey Munson, a seasoned trader with years of experience in the field. Trey's insights can help you navigate the complexities of trading, providing valuable guidance to make the right decisions. Following Trey's advice can boost your trading success and unlock financial freedom.
Join Digital Dollars Trading Today
If you're ready to escape the rat race and achieve financial freedom through trading, join Digital Dollars Trading today: our comprehensive mentorship program, exclusive events, daily trading signals, and live calls.
Don't wait any longer to start your journey to financial independence with Digital Dollars Trading now.
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