Been using the options alert service for a couple months now and the signals they send are extremely shaky. You may be able to win on a trade then you might lose the next three trades. I’ve also noticed that sometimes when they send their signals, the entry they suggest is long gone thus making me wonder how accurate their winning percentage really is.
For example, a signal for an option trade was sent at 11:00am with a suggested entry at $5.15 and take profits at $5.92. I went to check on this option immediately, maybe 11:01am and at the time the option price was already at $5.92 strike and the app had the nerve to say take profits as if they were really able to execute that trade. I am 100% certain there’s no way they were able to get that entry price and execute that trade for a gain in a matter of 1 minute. In fact when I checked the option the price had moved from $5.84 to $5.92 within that minute and hadn’t been at $5.15 since the open.
In conclusion, be very careful and mindful when using this service. Some of the options they send will have very low volume and low IV % making these options not very profitable. Ultimately at $50 a month I would say it’s not worth it unless you have a lot of capital and can afford to make a ton of trades that you may end up going 50/50 on.
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