Rags to Wreckages.. to Riches

A new, free digital magazine

Read our new magazine with new features. We have fresh writers
and we hope to cover every single incident. According to new plan
we have decided to give opportunity to new writers also.

Which is the Best Option Picking Service?

The internet is full of stories about people making huge profits trading options, with gains of 1,000% and more. However, trading options is not easy and requires a lot of time and effort to master. The good news is that there are several services that can help you make money trading options by providing trade ideas and alerts. But which one is the best? We have reviewed five legitimate picking services, comparing costs and benefits.

Motley Fool Options is a subscription-based option best option picking service advisory service that provides investors with specific recommendations for option trades. The service’s alerts are based on the company’s research and analysis, which has a winning track record. The service also provides a robust educational section titled Options U, which is geared towards beginner traders.

Benzinga Options is another option-based stock alert service. It is authored by Nic Chanine, Benzinga’s star options trader. It is designed for beginner option traders and has a winning track record of 91%. The service’s alerts are strategized for simple implementation and they have a high profit factor.

Another option-based stock alert service is Mindful Trader, which was launched in 2020. It uses trading strategies that have been tested over a period of many years to deliver high returns. The service also offers a free trial, so you can try it before buying a subscription.

Optionsonar is a browser-based options trading alert service that works like an options activity scanner. It analyzes large movements in the market that indicate the activity of institutional investors. It also comes with a useful options block trade screener that utilizes clear-cut visualization tools and customizable parameters. Optionsonar has a user-friendly interface and an attractive price tag.

Zacks is one of the most well-known investment information providers in the industry, and its options trading alert service is no exception. The service has a winning track record and offers a free trial. Its options alerts are based on an earnings-based strategy that emphasizes the probability of a company beating its consensus estimate.

Market Chameleon is a tool for analyzing option activity that has a somewhat outdated design, but is very powerful. Its options screener allows you to backtest 18 different strategies, and you can set up custom alerts when a particular stock behaves in a certain way. The service also offers a number of other features, including a watchlist and an article library. Its price is a little steep, but its functionality and ease of use make it worth the money. You can get a 14-day free trial to test out the tool.

Leave a Comment

Your email address will not be published. Required fields are marked *