There is no single best options trading signals service available. The best service for you depends mostly on your trading style. Some services offer a trial period or have multiple plans to suit different cost ranges while others show you real time market updates along with their own proprietary analyses so that you can make better decisions more quickly.
Choosing the right option trading signal provider can be difficult because there are many factors that go into selecting one for yourself -- it's not just a matter of price.
Each service is unique in its own way, and you'll be able to decide which one fits your needs best.
Table of Contents
1. Why use an options trading signals service?
2. 5 Best Options Trading Signal Services
3. How to choose the best options trading signals service?
1. Options trading signals can help you make better trades.
Options trading signals services help you make better trades by providing guidance, educational content, and some even offer real-time integration with your broker. Many alert services offer expert or algorithm-based insight into making smarter trades.
Options trading signals can help you forecast the market by providing you with timely information about the market. The seven best options trading alert services can help you improve your performance. The signals offered by these services are easy to understand and use.
2. Options trading signals can help you find new opportunities faster
Trading requires a great deal of time, and not every investor has the time to analyze multi-day chart patterns and trading opportunities based on technical indicators, investment research, technical analysis, and market news. It's a time consuming process. Signals for options trading can help you find new opportunities with high returns faster.
3. Options trading signals can help you stay up to date on the market.
Option trading signal services can help you gauge where the market is going. So even if you’re not exactly taking the same trades as the service, you have an idea of the market direction. This can be used to make informed investment decisions.
What are the 5 best options trading signals services?
1. Foolproof Options – Best Overall
Foolproof Options is perfect for both swing traders and investors who want to take a swing trade approach. We teach our members different option trading strategies, and after that we send out alert with price targets and our recommended strategy.
The price of our service is very fairly priced, at just $97 per month.
- We send out a minimum of 3 trade alerts per week.
- We offer a 30-day free trial.
- We offer a 200% money-back guarantee. No other service is willing to take the risk to offer this type of guarantee.
Pros
- Guidance. The service is comprehensive and provides real time alerts.
- Track record. 75% win rate
- See results fast. Suited for swing-traders and long-term investors
- Education. The educational section will teach you advanced option strategies
- Free Trial. There is a 30 days free trial you can take risk free.
- Affordable. Most members make more than the monthly fee in just one trade.
- 200% Money back gurantee. If you follow our trades and you don’t make money, we will send you twice your membership fee back.
Cons
- Limited number of alerts. Some weeks we might send out less alerts depending on market conditions.
- Some services are cheaper. (Although they dont offer any type of guarantee and probably suck.)
- Not suitable for day traders. Some people are looking to day trade, we don’t offer that. This service is not suited for swing-traders or investors who want to take a short-term approach.
Pricing
$97 per month
2. Bullseye Trades – Weekly Options Trade Signals
Swing-trading service Bullseye Trades is operated by Jeff Bishop. Every Monday, he emails subscribers one trade idea. Raging Bull App users can also find video updates within the dashboard as well as a video update via the Raging Bull App.
Alerts are typically sent out before the market opens. Detailed information about the picked stock with charts is included in the email along with an overall market overview.
- In addition to 52 trade alerts per year, this service provides detailed analysis and trade management insights.
- You can make informed investment decisions with access to the Raging Bull dashboard and video library. And because each alert comes with detailed analysis, you can be sure that you're making safe and profitable choices.
- You can join Bullseye Trades for $97 per quarter.
- Plus, you'll also receive a free 3-month subscription to InsiderFinance , a low-cost order flow capabilities newsletter.
Pros
- Weekly alerts. Bullseye Trades sends out a new trade alert every Monday with detailed analysis and contract details.
- Education. The Raging Bull dashboard contains a comprehensive library of stock options trading videos.
- Track record. Jeff is a wall street veteran with 20+ years of experience.
- Guidance. You will be able to get all the information you need on a weekly basis.
- Cheap. You can join Bullseye Trades for $97 per quarter.
Cons
- No free trial. Bullseye Trades does not offer a free trial.
- Limited number of trade alerts. Some people might want more volume of alerts.
- No guarantee: Bullseye Trades does not offer a money back gurantee if you lose money because of them.
Pricing
$399 per year
3. Market Chameleon – Best for Options Data Analysis
The all-in-one research platform offered by Market Chameleon is one of the best in the business. It offers a detailed options scanner, useful strategy screener, and tons of other features that will help you make informed decisions. The market data available through Market Chameleon is unlike anything you'll find elsewhere – allowing you to scan for unusual volume activity, implied volatility movers, open interest changes, and more. With millions of stock and option data points at your disposal, you can calculate statistics like win probabilities and portfolio values with great accuracy. It costs $99 per month for all-in-one research, but you can start for free with full access to all tools with their free trial. However, experienced traders will find a lot of value in its advanced features while beginners will struggle to understand how it works altogether.
- This all-in-one research platform offers detailed options scanner, useful strategy screener, and tons of other features that will help you make informed trading decisions.
- The market data available through Market Chameleon is unlike anything you'll find elsewhere – allowing you to scan for unusual volume activity, implied volatility movers, open interest changes, and more.
- With millions of stock and option data points at your disposal, you can calculate statistics like win probabilities and portfolio values with great accuracy.
Pros
1. Great Data. With millions of stock and option data points, accurate statistics like win probabilities and portfolio values can be calculated.
2. Strategy Screener. Market Chameleon's all-in-one research platform offers a detailed options scanner, useful strategy screener, and many other features that help with informed decision making about trading strategies.
3. Free Trial. You can test out their service for free for a week.
Cons
- Not the fanciest-looking. Market Chameleon’s user interface is not the best looking. The design looks outdated. Some members might find it hard to use.
- Not for beginners. For experienced options traders, the value of this tool is great, but for beginners it is difficult to make use of due to its complexity.
- Time Consuming. This is not for traders who want to save time. You will have to look at the data and analyze the trades yourself.
- Upsells. Market Chameleon tries to sell you additional features, which can be quite aggressive.
- Limited education and information. Market Chameleon does not offer a lot of educational or informational content, which can leave users feeling lost.
Pricing
Starts at $99 per month.
4. InsiderFinance – Best To Follow Smart Money
InsiderFinance is a service that helps traders find unusual options activity, which can indicate that insiders know about important news before it's announced. The service includes a range of pre-configured screeners and allows users to define specific scanner criteria to set up your alerts. The cost of the service is monthly, and each user has access to all features.
Pros
- Filters.You can create filters for your alerts.
- Edge in the markets. When smart money trades, they most likely know something. They also have the power to move markets, so it’s a great idea to follow what they’re doing.
- Pricing Flexibility. They offer various pricing plans. Monthly, quarterly, and yearly.
- Education. They offer educational material to help you understand their platform.
Cons
- Not for beginners. You need to understand data in order to analyze it.
- Time Consuming. Alerts are sent out without context. In order to best follow smart money, you need to understand the intentions behind their trades. You will have to look at the data and analyze the trades yourself.
Pricing
$75 per month
5. Sky View Trading – Great For Learning
For those who are just getting started with options trading, Sky View Trading is a great platform. It offers a wealth of educational material, including over 5 hours of video content and 8 chapters including quizzes.
With Sky View Trading, you will receive low-risk trades that range in time frame from a couple of days to a week.
Adam Thomas and Eli Grelecki use swing trading strategies that focus on low-risk trades that offer consistent returns over the long term, making them an excellent choice for those looking for long-term profitability rather than quick profits.
While the price tag may seem high at first, the benefits offered by Sky View Trading outweigh its cost many times over - making it one of the best educational platforms available today.
Pros
- Education. This platform has a strong focus on providing excellent educational materials, making it perfect for those who are just starting out. With over 5 hours of video content and 8 chapters divided including quizzes, you'll be able to learn everything you need to know about options trading in a safe and controlled environment.
- Chatroom.The trader chatroom and forum offer an easy way to communicate with other traders, as well as access helpful advice from other members.
- Low Risk. They focus on low risk trades and consistent returns over the long term.
- Free trial. You can try their service for free.
- Guidance. They send out 3-5 Alerts per week with full guidance.
- Track record. They have a 91% historical win rate.
Cons
- Low Profits. If you’re looking to make big money, SkyViewTrading is not the place for you. They make low risk trades to make money over the long term.
- Bad risk to reward ratio. To make high probability trades, you have to take on more risk for less profit. Let’s say you allocate $1,000 per trade. You make 10 high probability trades with 10% profit potential. When you win you make $100 and when you lose you lose $900. So the 91% win rate is a bit misleading.
- No Guarantee. Sky View Trading does not offer a money back gurantee if you lose money following their trades.
Pricing
$49 per month
How do I choose the best options trading signals service?
Step 1: Select the options trading signals service that best suits your needs
All traders have different needs and different goals. One trader might want data to analyze and make his own decisions, while another trader might want to get trade alerts with full guidance.
One trader might want to take on high probability trades for long term profits, while another might want to take on more risk to make more money faster.
Each trader is different and you need to find a service that fits your needs, your goals, and your trading style.
Do your research and select a service that fits your needs.
Step 2: Make sure that the options trading signals service you choose has a good track record
When looking for an options trading signals service, it is important to check the track record of the service. A good track record will show that the service has a history of successful trading.
Many services offer free trials, so you can test out the alerts before investing money.
If the service is not willing to show past trades, or offers a free trial, that is a red flag.
Step 3: Check out the options trading signals service's customer reviews
The research part we mentioned earlier includes reading customer reviews to get a sense of what others have experienced with the service.
Bad reviews are a red flag.
Step 4: Compare the options trading signals service's features and pricing
To find the best options trading signals service, you will want to compare the fees, features, and historical performance of each provider. Ask yourself?
- Are there any money back guarantees?
- Do they show past trades?
- Do they let you try out their service for free before committing any money?
- How much does it cost? Will you make a return on your investment?
- Are the reviews positive?
Conclusion
There are a lot of good options trading signals services out there. Which one is right for you? That’s for you to decide. At Foolproof Options we offer a 30 days free trial, education, we win 75% of our trades with a favorable risk to reward ratio and if you lose money using our trades, we will refund you 200% of the money you paid us. So, consider trying us out.