If you’re looking for a best stock option service that offers a wide range of tools and alerts, you’ve come to the right place. There are many different companies and subscriptions available, and it can be difficult to find the best option service. Fortunately, we’ve compiled a list of the top three options services that are well-known in the investment community. Here’s a look at each.
Help You Decide When To Buy Or Sell A Particular Stock
Motley Fool Options is an online option service that employs a team of experts to continuously scour the market for great options trades. The team only recommends companies with long-term holding potential. That means you won’t waste time and money on a bad company. This service also includes a watchlist so you can track options activity tied to a specific stock. In addition to getting alerts when stocks hit certain levels, the service also includes detailed analysis of options trades.
Market Chameleon is another great resource for stock option trading ideas. Its user interface is antiquated, but it delivers essential information in a clean and easy-to-understand way. Its volume scanner tool allows you to find stocks that have high option activity and determine whether those stocks will see a spike in price due to catalysts. While this may not be the most visually appealing option service, it’s easy to get started with their powerful option analysis tools and educational database.
The Market Chameleon options screener allows you to set up unlimited watchlists for stocks and options contracts, and you can also create custom alerts and notifications for these trades. This service offers a variety of options trading tools, including a market sentiment indicator. You can also monitor options trading activity with Market Chameleon’s order flow screener. This option screener uses concrete data to determine what stocks are bullish and bearish and highlight any opportunities for trades.