An option alert service can help you find good trades and steer you toward profitable strategies. It is important to choose a service that matches your trading style and has a good track record. An option alert service will notify you when a trade is about to expire or reach a certain strike price. There are several options alert services that you can use to determine the best times to buy and sell. A good service will provide you with trade recommendations based on their algorithm.

Help You Choose The Service That Suits Your Needs

An option alert service with defined trade recommendations typically keeps records of its past trades and performance. These records can show you if the service is profitable or not. However, many option alert services are expensive, especially those that provide multiple trade recommendations. Some may be justified by their high price, but you should consider your expected return from a service before spending a lot of money on it. If you want to take advantage of an option alert service, be sure to compare the cost with other options alert services.

Another benefit of an option alert service is that it helps you to keep track of your options positions. These alerts can also let you know when price changes are imminent. You can choose to receive alerts about earnings, dividends, and in-the-money changes. The alerts are triggered when the mark price changes, which is the mid-point between the bid and ask prices. Aside from that, the alerts are only sent when certain thresholds are met.