Welcome to my article on the Best Options Trading Alert Service,
By now you probably already know that options trading can be a lucrative investment strategy, but it requires careful attention and knowledge of market trends.
That's where an options trading alert service can come in handy.
These services provide real-time alerts regarding potential trades, and other critical information that can help you make informed decisions with your money.
However, with so many options trading alert services on the market, it can be a challenge to determine which one is the best.
Today, we'll take a closer look at what I believe to be the "best options trading alerts service". We'll discuss the types of alerts that are offered, the accuracy and frequency of alerts, ease of use and accessibility, customer support and community, and finally the pricing and value you get for your hard earned money.
Whether you're a seasoned options trader or just starting out, I'd love to hear from you so be sure to leave your thoughts in the comments section below.
Join an alerts service that provides massive value for a fraction of the cost compared to its competitors
ThetaTraderz has been my top recommendation for over a year now and that hasn't changed. With hands on coaching, and over 10 different alerts there's a strategy for everyone.
What is an options trading alert service?
Options trading alerts services are designed to help you navigate the dynamic world of options trading. By subscribing to an alerts service, investors can save time on research, stay informed regarding important market events, and reduce the risk of missing trading opportunities.
While trading options as previously mentioned can be a great investment strategy, it can also be risky when you have no trading plan, and you have to do your own due diligence on finding options trades.
What to look for in an options trading alert service!
When it comes to subscribing to one of these services it's important to consider several factors to ensure you choose the best fit for your trading goals.
1) Relatively Passive Strategies
When I was searching for an options trading alerts service, finding a strategy that was relatively passive was at the top of my list.
Not only is it less time consuming, it's less stressful, and it requires less attention than other strategies that require a hands-on approach.
Furthermore, a good alerts service is also one that aligns with your investment goals and risk tolerance.
In my case I was looking for something that combined a need for immediate income and long-term growth.
2) Real-time alerts
Receiving real-time alerts is critical in the fast-paced world of options trading.
With working a full-time job I simply don't have time to constantly search for trade ideas and stay up to date on current market movements.
While it's possible to receive alerts via SMS or email for some services. I personally prefer one that provides instant trading notification, and other important information on multiple devices and platforms.
This allows me to get alerts as quickly as possible!
With that being said...
3) Comprehensive Education
It was very important that the alerts service I picked was one that provided comprehensive education.
What do I mean by that? I wanted one that provided an in-depth explanation of the strategies that are alerted.
I wanted to really learn the strategies myself and fully comprehend them. It was important that strategy guides, eBooks, and live webinars were included in case I had any questions.
4) One on One Coaching
One-on-One coaching has been an invaluable feature of my favorite options alerts service.
A good coach is one that is hands on and can help you pick strategies that align with your risk tolerance and income goals, providing personalized guidance and support to help you succeed.
This is especially useful if you're new to options like I was and had no idea where to start.
5) Community Support
Joining a community of like-minded individuals who share your passion for options trading can provide you a valuable resource for learning, networking, and sharing trades.
Through these communities, you can connect with other investors and learn a variety of trading strategies from each other, and gain insight and perspective you may not have considered otherwise.
6) Shares Past Results
Lastly, when it came to picking an alerts service, I wanted one that was transparent with their past results and didn't hide them.
This level of transparency not only helped me build trust it also provides valuable information on how a strategy has worked in the recent past.
If you ever come across a service that is not willing to share their results. Run away as fast as you can!
What is the best options trading alert service?
After researching and testing various options trading alerts services and evaluating them on important criteria including teaching passive strategies, providing real-time alerts, having comprehensive education, offered one-on-one coaching, has an active community of like-minded traders, and most importantly one that was fully transparent.
I found that there was only one service that check marked all the boxes: That service was ThetaTraderz.
What is ThetaTraderz?
ThetaTraderz, ran by Lance Kaminsky, stands out among other options alert services because it offers a comprehensive approach that goes beyond just providing a few alerts to follow.
Unlike some programs that charge thousands for a single alerts service, ThetaTraderz provides their members with a variety of real-time alerts and strategies for success in the options market.
So let's take a look at how ThetaTraderz checked all the boxes.
What type alerts are offered?
One of the major selling points of ThetaTraderz is that it offers multiple alerts for their members to follow.
This allows you to have access to a variety of alerts that cover different options trading strategies and timeframes, allowing you to diversify your trading and choose the alerts that align with your own goals and risk tolerance.
1) Cash Secured Put
One of the alerts provided by ThetaTraderz is the cash secured put. As it's name implies this strategy involves selling a put option to generate income and holding the cash in the account in the event you get assigned the stock.
Not only does this provide the potential to acquire a stock at a lower price, if you get assigned you have the opportunity to generate more income by selling calls from the acquired shares.
The alert provides the stock ticker, expiration date, the strike price, approximate premium you'll collect, current stock price, and he even includes technical analysis with the alert!
2) Put Credit Spread
Another of the alerts that is included with all membership options is the put credit spread. This strategy involves not only selling a put option, but buying a put option at a lower strike as a hedge.
It's a relatively passive strategy and another great way to generate income for your portfolio. Furthermore, this allows you to place trades on blue chip stocks without having to have a large balance in your account.
The alert provides the stock ticker, expiration date, the strike prices, the approximate premium you'll collect, current stock price, stop loss if the trade goes against you, and also includes technical analysis.
3) 0 DTE SPX Trades
ThetaTraderz offers a unique twist on day trading, which involves opening a trade within 30 minutes of market open and then if you decide to you can take a set it and forget it approach.
The real-time alert includes current price of SPX, the type of trade, the strike prices, approximate premium you'll collect, and stop-loss level.
Lance also monitors the trade throughout the day and provides updates and recommendations as needed.
The day trading alerts are especially valuable for traders who are looking to generate income without holding positions overnight.
4) 3 Month SPY
This trade type focuses on the S&P 500 ETF (SPY). The trade is placed with an expiration date 3 months in the future and far out of the money.
While there are 3 months until expiration, in most cases you're able to close the trade in less than a month for a healthy profit. I should also mention that there is only 1 of these alerts every month.
The alert includes the expiration date, strike prices, approximate premium you can collect, alert prices where you might need to get out of the trade.
5) Weekly Futures Recommendation
The weekly futures naked put is another alert that ThetaTraderz provides, and it happens to be one of my favorite strategies.
This strategy involves selling a put contract that is set to expire in about a month. This allows you to collect premium upfront, and if the price of the futures contract remains above the strike price, the put expires worthless, and you keep the premium.
What's particularly impressive is that since it started being alerted in May of 2022, it has yet to lose!
All of these are provided with your quarterly membership, but of course let's not stop there's more.
The below alerts are included with either an annual or lifetime subscription.
6) Covered Strangle
This alert includes selling 2 naked puts with different strike prices. The strategy if you get assigned on 1 or both contracts is to sell calls to collect premium.
If the price of the futures contract stays above your sold puts you are able to profit from time decay, and in the event the contracts get assigned ThetaTraderz teaches multiple strategies to manage the risk and in most cases allows you to come out with a net profit.
6) 112 Futures Trade
Another one of my favorite strategies that is alerted is the 112 futures trade. The goal of this trade is to create a buffer between the strike price of 2 naked puts by hedging with a debit spread.
This can be an incredibly effective way to generate income while also limiting risk.
7) Iron Fly
A relatively new addition to the alerts that are provided is the Iron Fly. This strategy allows you to profit if the price of the stock, etf, or index stays within a certain price range.
The alert that is provided in the Discord server is typically on XSP which is the mini S&P 500 index. This allows people with a small account to join in on trading the Iron Fly.
If you become a lifetime member there's even more that's included AND you never have to pay again.
8) Gold Futures
When it comes to diversifying your trades, the gold futures alert offered by ThetaTraderz is an excellent option.
Gold typically moves differently than the stock market, so it's an excellent way to spread out your trades and include commodities in your strategy.
The alert is given as either a strangle or iron condor, but keep in mind that the former does require more buying power.
9) Oil Trading Futures
Oil trading is another excellent opportunity for diversification, and also has low correlation with the stock market.
The alerts are placed on Micro Crude Oil futures, and are placed as strangles. Adding oil trades to your portfolio can be a smart way to maximize profits while limiting risks when using the risk management strategies that are taught.
10) Hot Commodity Trades
The last of the alerts provided by ThetaTraderz is simply known as Hot Commodity Trades.
This alert allows further diversification in your trading by trading other commodities such as corn, soybeans, lean hogs, etc.
For example one of the alerts that I took was on /HE leans hogs and I was able to close for a $100 profit after commissions and fees.
What do all of these alerts have in common?
I started with the alerts first so I could point out something very important about this specific alerts service.
Since they're sell side strategies they can be passive when implemented as taught. Furthermore, you can adjust the strike prices or expiration dates to fit your risk tolerance and income goals.
This means that this alerts service can cater to both conservative and aggressive trades, and you can choose the follow the alerts based on your own individual preferences.
What else makes ThetaTraderz the best options trading alert service?
The coaching and support allows even novice traders to learn these strategies and take advantages of the unique opportunities that options and futures trading provides.
For each of the alerts that are included there is also either a strategy guide or eBook for you to read so that you can understand the alerts in full. And if you need further help...
Lance is available on a consistent basis throughout the day, and even when he's not there's a very active community that is able to help as well.
Lastly, what set Lance's program apart from all of the other ones I've come across is that he doesn't hide anything. He shares and logs every single trade he places in a google sheets document and shares access to them inside of the Discord.
Best Options Trading Alert Service: Final Thoughts!
In conclusion, if you're looking for a comprehensive alerts service that provides diverse sell side strategies for options and futures trading, ThetaTraderz is my #1 recommendation.
Not only does it offer a wide range of alerts, but Lance the owner behind the service is highly experience and passionate about teaching and helping members grow their wealth.
With one-on-one coaching and a very supportive community I can guarantee that you'll be confident in your trading journey.
The bottom line is that can actively grow your wealthy while not being tied to your screen all day.
Joining ThetaTraderz could be a game-change for your financial future. So take a bit to check out their website, and if you have questions fill out the contact form and send Lance a message.
Thanks for taking time to read my post, if there's any specific questions or comments you would like to leave I'd love to hear from you.
P.S. Grab your FREE Ultimate Guide to Credit Spreads!
