Whether you’re buying put options or selling covered calls for income, the goal is to earn high returns with as little time and stress as possible.

Easier said than done, of course.

There are so many moving pieces associated with options trading, from the underlying stock itself to the strike price, expiration date, and more. What is it that sets the most successful options traders apart from those who struggle to earn consistent profits?

Simple – they’re working smarter, not harder, leveraging the best options trading alerts service. We’re here to help you do the very same by unveiling the top 10 choices here in this guide:

  1. VectorVest OptionsPro
  2. The Trading Analyst
  3. Stock Market Guides
  4. Benzinga Options
  5. Market Chameleon
  6. Delta Options
  7. The Speculator
  8. Motley Fool Options
  9. Mindful Trader
  10. Sky View Trading

See where each has an edge below and learn how you can take your options trading strategy to the next level. But, you can save yourself the hassle and just hit the ground running by pairing the VectorVest stock software with the OptionsPro integration.

This dynamic duo helps you effortlessly uncover the best stocks to sell covered calls on while pinpointing the strike price and expiration date that maximizes premium income while minimizing the likelihood of covered call assignment. See it in action today!

The 10 Best Options Trading Alerts Service Providers in 2024

Maybe you’re just getting started with trading stock options for beginners and want to eliminate the stress and uncertainty associated with this stock investment strategy. Or, maybe you’ve been struggling to find a sense of consistency in your strategy and want to fine-tune things.

Either way, these options trading alerts will help you feel more confident navigating the options market with confidence and clarity. We’ll show you what each does to help you execute your strategy with precision, starting with the #1 choice.

VectorVest OptionsPro

VectorVest is a proprietary stock rating system that distills complex technical stock indicators and fundamental data into clear, actionable insights.

It’s the best stock picking app because it gives you everything you need to make calculated, emotionless investment decisions in just 3 simple ratings, saving you time and stress while empowering you to win more trades.

Each of the 18,000+ stocks tracked in the VectorVest system is backed by a buy, sell, or hold recommendation, too.

Plus, you never have to stress about how to pick a stock for options trading again. The system has a variety of stock screeners that bring the best opportunities straight to your fingertips, whether you’re looking for the best dividend stocks or the best stocks for covered calls.

But, the stock advisory is just one piece of the puzzle. OptionsPro is an integration that unlocks an array of features to streamline your options trading strategy, no matter your approach.

It helps you effortlessly uncover the best stocks for options trading from a list of opportunities based on which has the highest probability of delivering impressive profits.

You also gain access to candlestick pattern recognition and scanning solutions to automatically scan, identify, and color-code 10+ high-probability candlestick patterns based on daily or weekly timeframes and bullish or bearish patterns.

You never have to play the guessing game or when to buy or sell single-leg options or spreads again, either. The proprietary Volatility Range Indicator quickly identifies whether an option is overpriced or undervalued so you can stack the odds in your favor as a buyer or seller.

If you’re selling covered calls, the Sweet Spot Calculation helps you identify the best date range for selling options, maximizing time premium before time decay sets in. This helps you write more winners with higher premiums and quicker profits.

Probability Envelopes is another unique feature that actually shows you what your odds are so that you can skew them in your favor from a strike price and expiration date perspective. It’s one of the most useful features for spread traders.

If you’re serious about learning how to make money trading options, VectorVest with OptionsPro is the only solution you need. It’s the #1 investment app for beginner and seasoned options traders alike.

Still not convinced? Try it for 30 days and see for yourself how much simpler and more profitable options trading can be!

The Trading Analyst

Now, if you’re trying to swing trade options specifically, you might find the Trading Analyst to be a better alert service because it specifically highlights range-bound stocks that are poised to break that range on heavy trading volume.

That being said, there’s no telling just how effective it will be for you. While its average win greatly exceeds the average loss, the losses will be frequent. The platform itself admits it only wins about 53% of trades.

Do you really want to bank your options trading strategy on a coin toss?

You get 2-5 alerts per week and the service costs just under $150 per month. This is cheaper than the $250 per month you’d pay for OptionsPro with VectorVest, but just keep in mind that you tend to get what you pay for.

Stock Market Guides

Stock Market Guides is built on seven years of backtested data and presents strategies based on historical price behavior. It’s quite a bit more comprehensive than The Trading Analyst as you get 1-3 alerts per day.

For this reason, the service is appealing for those looking for a reliable, data-driven approach they can use on a daily basis. The alerts are simple to follow and cater to both stocks and options, making it user-friendly for beginners. It’s just $69 per month, too.

However, it may be too fast-paced for more conservative or long-term investors who prefer fewer trades, focusing more on quality over quantity. Still, it does have a slightly better win rate than The Trading Analyst at 58%.

Benzinga Options

Benzinga is a reliable free stock analysis website that aligns with a number of strategies, and the company has its own options alert service as well.

The service is run by Nic Chahine and is widely considered one of the top options available, especially for those new to options trading and investing with a smaller account size.

That’s because an emphasis is placed on education, helping you learn options trading along the way. You’re not just getting options alerts, but also the rationale behind each one so that over time, you can start to do your own research and execute winning trades all on your own.

Plus, the 91% win rate is hard to ignore. This is among the most high-probability services on our list, and it’s only $297 for the entire year! So, what’s the catch? You’re just not going to get many alerts, with 2-3 per month being fairly standard.

That means to really make money using this service you’ll need to go all in on each trade you make, really putting all your eggs in one basket. Should one of those trades not pan out, you’re stuck facing a massive loss.

Market Chameleon

Market Chameleon is a research and analytics platform rather than a traditional alert service, but it deserves mention nonetheless since you get access to a wide array of tools. That includes screeners, options flow data, and volatility tracking.

You can even set custom criteria and receive trade notifications based on your preferences, making it perfect for experienced traders who like to build their own strategies.

Just be aware that the platform can be overwhelming for beginners, and it requires a higher level of expertise to navigate and make the most of its features.

That’s not a bad thing if you’re willing to put in the hours learning the platform – but those who want to hit the ground running ASAP might be better suited to a more beginner-friendly solution.

Delta Options

Delta Options is a unique service that focuses on deep-in-the-money calls to simulate stock ownership with less capital, helping you make the most of every trade you make.

A team of experts identifies high-performing stocks that are outpacing their industry and assesses value to make sure they’re a sound long-term investment. This basic stock analysis is coupled with other qualitative measures to find the best possible candidates.

However, those trying to earn consistent income will not find that this alert service meets their needs. It’s a momentum strategy that involves holding trades for as long as 3 years in some cases.

Sure, the method works well and can deliver impressive profits when executed with precision. But is it worth the wait, or is there a better way to earn regular returns? This might not be the most practical options alert service for you depending on your goals.

The Speculator

If you find yourself aligning with more aggressive stock trading strategies, the Speculator might be a perfect addition to your investment arsenal. It uses LEAPs (Long-Term Equity Anticipation Securities) to make big bets with small amounts of capital.

The service is run by Eric Fry and sends out anywhere from 2-4 alerts per month. While its win rate is under 50%, the size of winning trades is intended to far outweigh the losses. So even if you have trouble stomaching losses, you’ll still find yourself in the green in the long run.

Nevertheless, this service is suited for traders with a high risk tolerance and enough capital to withstand potential drawdowns. If you would rather rack up more consistent albeit smaller wins, stick with a different service like OptionsPro.

Motley Fool Options

Motley Fool falls under the same umbrella as Benzinga in that it’s a more comprehensive investment platform with options-specific features.

The conservative approach involves selling out-of-the-money puts and brings in a fairly impressive 86% win rate on average. This makes it a great option for low-risk, steady returns.

But, the high subscription cost means it’s better suited for those with larger accounts, as the fees can quickly eat up the profits for smaller traders. It’s $2,000 a year and you only get 2-3 new trades a month – making it a bit difficult to justify the expense.

Still, the service has a track record that speaks for itself, dating all the way back to 2009. It’s a tried and true options alert service worth considering further.

Mindful Trader

Mindful Trader is another swing-trading-specific options alert service. This one is run by Eric Ferguson and skews more toward beginners with a simple, transparent approach. The focus on education is also a plus for those looking to learn while they trade.

As a Stanford graduate, you can rest assured Ferguson knows what he’s doing, and his alerts can be trusted to deliver impressive returns – in fact, he recently generated more than 200% growth in just 18 months!

The service has a less than amazing win rate at just 50% though. Plus, those who are already experienced traders might find the recommendations lacking depth and crave something a bit more sophisticated.

Sky View Trading

Last but not least we have Sky View Trading, another beginner-friendly options alert service. This one claims it can help you generate 30% returns on your trades and boasts a really solid 91% win rate.

You get a minimum of three alerts a week, but that leaves a bit to be desired for those who are trying to make a full-time income trading options. It’s just not enough to deliver large enough returns, even if the percentage is there.

What makes it unique is that you’re paying per alert rather than a fixed monthly cost. Each alert costs you approximately $12, which doesn’t sound too expensive until you factor in how few of these alerts will actually pan out into trades.

What Separates the Best Options Trading Alerts From the Rest?

There are clearly a lot of great options trading alert services out there, but which of these is right for you? How did we end up choosing these over the other countless options at your disposal? Let’s provide a bit of context for this review before we wrap things up.

Accuracy and Success Rate of Alerts

Of course, there’s no point investing in an alerts service that isn’t going to help you win more trades. The win rate is the top consideration in choosing a solution. If the service doesn’t make it crystal clear what you can expect, there is probably a reason for it – they’ll fall short!

Top-tier services often have win rates of 60-80%, but even more important is profitability over time. That is to say that a high win rate alone doesn’t guarantee success. Look at the service’s track record over a more extended time frame.

The depth of alerts matters, too. What exactly is the service telling you? Ideally, you’d get actionable insights on entry and exit points in ample time to execute the trade. If you’re using an alert service to help you write covered call contracts, the alerts should feature specific details on strike prices and expiration dates.

User-Friendly Platforms and Tools

What good are detailed, accurate alerts if you have trouble interpreting them or actually executing them? A service is only as effective as it is user-friendly.

You should be able to easily choose the types of alerts you want and specify where and how you want them sent to you so that you can act upon them. This way you get sent opportunities no matter where you are.

Platforms that integrate charting tools and screeners also enhance the experience so you can conduct your own research alongside the alerts.

Access to Educational Content

You know what they say – if you give a man a fish, he’ll eat for a day. But if you teach a man how to fish, he’ll never go hungry again. That’s why the best options trading alerts service helps you understand the principles at play so you can find your own trades eventually.

The best services offer comprehensive educational support, catering to both beginners and advanced traders. This might include video tutorials, written guides, or even live coaching sessions.

Here at VectorVest, we’re passionate about inspiring the next wave of options trading. We have a wealth of resources, many of which are free. Browse our blog for articles like:

We also have more advanced options courses where you can learn deeper insights to give yourself an unfair advantage in the options market. These resources will pay for themselves fast!

Risk Management Tools

A good options alert service will provide insights on position sizing, stop-loss orders, and risk-to-reward ratios, recognizing that options risk management is just as important as profit. This way you can keep your losses as small and infrequent as possible.

Cost Considerations

We know that cost is something you need to consider, but we want to caution you against looking at price alone. As mentioned earlier, you tend to get what you pay for.

So instead of cost, think in terms of value. If a service costs a bit more but streamlines your trading strategy and helps you earn higher returns, it’s well worth it, right?

Look for services that offer trials or money-back guarantees so you can try the alerts out yourself before committing to anything.

Final Thoughts on the Best Options Trading Alerts Service

Options trading is a lucrative strategy that can offer incredible leverage, leading to high returns with little work. Yet, it can get quite complex. This is why investing in the best options trading alerts service is worth every penny.

We hope this guide helps you find the right service for your specific needs. We have shared 10 of the top choices, each with its pros and cons. You can’t beat the comprehensive capabilities of VectorVest with OptionsPro, though.

Our blog has more resources on topics like trading futures vs options, why covered calls are bad, dividend vs growth stocks, how to find undervalued stocks, covered call ETFs, long calls vs covered calls, rolling covered calls, risks of covered calls, falling stocks to buy, safe dividend stocks, how to find stocks to day trade, how to find stocks to swing trade, and more.

But why not start reaping the benefits of trading stock options today with VectorVest? It’s the best stock analysis app whether you need the best iPhone stock app or the best Android stock app.

With a free stock analysis just a few clicks away, see for yourself how much simpler investing can be. Skew the odds in your favor and streamline your trading strategy today!