written by reader Has anyone found an options service they are happy with?

By global_citizen, August 24, 2016

Would anyone like to recommend an options service that they have extensive experience with and are satisfied with? I understand that no one can deliver winners every time but hopefully there’s a reputable option service that picks more winners than losers for a significant net gain.

Also, what do you think is the minimum stake needed to develop a healthy monthly income? I know this is relative to individual needs but any guidance here would be much appreciated. Option services are not free and few if any make a point of telling you how much you should be prepared to invest in options to make some money. I’m equating monthly income to profit and I’m assuming that profit is return on the amount invested after expenses (e.g. options service subscription, trading fees and taxes.) I would also be interested in the amount of time you spend on developing or analyzing trades.

I thank you in advance for your responses! Chip

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Jay Ram
Member
August 25, 2016 8:03 am

Have you tried Option Alpha? The guy who runs it did a presentation for Investor in the Family’s Online Investing Conference this past spring. He seems pretty good, but I haven’t subscribed since my brokerage wants me to have more cash available before I can do anything beyond covered calls. If you have tried it, or do decide to check him out, I’d be curious to know what you think!

👍 73
guatdodger
Member
August 26, 2016 10:34 am