OptionAlarm – Options Picking Service
Ideal for: Swing Traders
Instruments: Options
Alerts Timing: Real-time market alerts
Alerts Delivery: Email
Alerts Guidance: Entry alert, Exit alert, Stop loss level, Profit targets, Charts, Trade reasoning
Review Summary
We rate OptionAlarm highly in performance, transparency, ease-of-use, and customer support. OptionAlarm is one of the few options picking services we've tested that provide real-time guidance for all their trades. You never feel alone during a trade, and they even offer their customers the ability to have the trades automatically executed with their auto trading option. With reasonable pricing and a free trial, we think this is one of the best options trading services today. Definitely worth trying if options are for you.
9.6/10
Real-Time Trade Alerts and More
OptionAlarm is a valuable resource for anyone interested in the stock market. This service provides real-time alerts on stock options, helping users to make informed decisions about their investments. It’s like having a personal trading assistant who keeps an eye on the market for you. The reasons why someone would need OptionAlarm’s service are numerous:
- Stay Informed: OptionAlarm keeps users updated with real-time alerts, ensuring they never miss a crucial market movement.
- Save Time: Instead of constantly monitoring the market, users can rely on OptionAlarm to do the work for them.
- Make Better Decisions: With timely information at their fingertips, users can make smarter investment choices.
- Reduce Risk: By staying informed about market trends and movements, users can mitigate potential investment risks.
- Auto Trading: OptionAlarm provides auto trading services that allow for seamless, automated transactions. Whether you are an active trader or a passive investor, their system can handle your trades efficiently and effectively.
Key Factors to Consider When Assessing OptionAlarm
Performance
The options picking service provided by OptionAlarm has shown remarkable performance, easily surpassing the S&P 500. This service uses different trading strategies that focuses on selecting options with high potential for profits. Their approach is not just about picking any option, but about making informed decisions based on thorough research and analysis. This method has proven to be highly effective, as evidenced by their impressive track record. In comparison to the S&P 500, which is often used as a benchmark for overall market performance, OptionAlarm’s results have consistently been superior. This demonstrates the value of their specialized knowledge and strategic approach in the complex world of options trading.
Transparency
The transparency offered by OptionAlarm sets it apart from its competitors. Unlike other services, OptionAlarm provides clear and detailed information about their strategies and performance. They don’t hide behind complex jargon or vague promises. Instead, they openly share their trading history, allowing users to see exactly how their picks have performed over time. This level of openness builds trust, as users can make informed decisions based on real data. Furthermore, their commitment to clarity extends to their pricing structure, which is straightforward and devoid of hidden fees. In a market where many services are shrouded in secrecy, OptionAlarm’s transparency shines brightly.
Ease of Use
The alerts provided by the options picking service at OptionAlarm stand out from their competitors due to their simplicity and ease of use. Unlike other services, OptionAlarm’s alerts are clear, concise, and easy to understand, making them perfect for both beginners and experienced traders. They don’t overwhelm users with complex jargon or unnecessary information. Instead, they provide straightforward guidance on which options to pick, when to make a move, and how to navigate the trades effectively. This user-friendly approach sets Optionalarm apart in the competitive field of options picking services.
Customer Support
Our experience with OptionAlarm customer support has been positive. The team at OptionAlarm is not only knowledgeable about the ins and outs of stock options, but they also provide timely and helpful responses. They have always been ready to assist with any questions or concerns, making the entire process smooth and stress-free. This positive experience with their customer support greatly enhances the overall value of their service.
How It Works
A glimpse into OptionAlarm’s trade alerts. They only trade long calls and puts which are the most simple form of options to trade. Users can expect to be in one or more trades, but no more than six at any given time:
1. Buy Alert
The first step in the process is the buy alert. When a new trade opportunity arises, OptionAlarm sends out an alert to all subscribers. This alert includes key information such as the specific option to buy, the price range to aim for, and the rationale behind the trade. It’s like having a personal trading assistant who keeps an eye on high potential trade setups for you.
2. Continuous Updates
After the buy alert, Optionalarm doesn’t just leave you hanging. They provide continuous updates on the trade. These updates can include changes in the market that might affect the trade, adjustments to the strategy if necessary, or simply status updates on how the trade is progressing. This way, you’re never left in the dark about what’s happening with your investment.
3. Exit Alerts
Finally, when it’s time to close the trade, OptionAlarm sends out an exit alert. This alert tells you when and how to exit the trade to maximize your profits or minimize your losses. Just like with the buy alert, the exit alert includes a rationale so you understand why it’s time to get out.
Conclusion
In conclusion, OptionAlarm is a reliable and transparent options picking service that offers good value for money. Their strong track record, high transparency, and excellent customer support make them a worthwhile consideration for anyone interested in options trading. Whether you’re a seasoned trader or just starting out, OptionAlarm provides a wealth of resources to help you navigate the world of options trading with confidence.