# Options Alerter vs OptionWave

The clearest difference is rating: OptionWave at 5.0 against Options Alerter's 3.4. OptionWave also leads on monetization model (free with in-app purchases vs subscription) and ads (none vs shown). Options Alerter's advantage is ratings volume (331 vs 1). On price, in-app purchases and device support there is nothing between them.

Both are free to download. Options Alerter sells 5 in-app purchases, starting at $49.99 per month and OptionWave sells 2 in-app purchases, starting at $29.99 per month. Whichever you choose, the download price is not the number that matters.

OptionWave holds the better App Store score, 5.0 against 3.4. That said, the two scores are not equally well evidenced: Options Alerter has 331 ratings behind it against 1, so its average is the more settled of the two.

Options Alerter ships an update every 6 weeks, OptionWave every 3 weeks. The most recent releases landed on October 11, 2026 and October 2, 2026 respectively.

## The numbers

| Metric | Options Alerter | OptionWave |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [3.4 (331 ratings)](https://appshunter.io/ios/app/options-alerter/id1559917159/reviews) | **[5.0 (1 ratings)](https://appshunter.io/ios/app/optionwave/id6657758818/reviews)** |
| Number of ratings | **331** | 1 |
| Positive reviews | 3.1% of reviews | — |
| In-app purchases | Yes | Yes |
| Ads | Yes | **No** |
| Update frequency | Every 6 weeks | **Every 3 weeks** |
| Monetization | Subscription | **Free with in-app purchases** |
| Size | 62 MB | 146 MB |
| Requires iOS | 15.6 | **13.0** |
| Devices | iPhone, iPod | **iPhone, iPad, iPod** |
| Age rating | 4+ | 4+ |
| Developer | [Taplistic, LLC](https://appshunter.io/developer/963200041) | [Jiakuan Li](https://appshunter.io/developer/1562633690) |

## What reviewers say

### Options Alerter

[App page](https://appshunter.io/ios/app/options-alerter/id1559917159)

This app simplifies options trading by using sophisticated algorithms to monitor the options chain. It provides buy signals for optimal entry, projected gains, and alerts for taking profits or adding to positions.

**Highlights:** Algorithmic options chain monitoring, Buy signals for optimal entry, Projected gain calculations, Profit-taking alerts, Position management alerts

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (5)**

| Purchase | Price | Billing |
| --- | --- | --- |
| 1-Month Subscription | $49.99 | per month |
| 1-Month Subscription | $49.99 | per month |
| Trial | $49.99 | per month |
| 1-Year Subscription | $399.99 | per year |
| 1 Year Pro | $399.99 | per year |

**What reviewers like**

- 👍 Easy to navigate interface (mentioned once)
- 💡 Provides real-time information (mentioned once)
- 💡 Delivers useful options data (mentioned once)

**What reviewers complain about**

- ❌ No new signals/alerts
- ❌ Old alerts only
- ❌ Abandoned app
- ❌ Waste of money/time
- ❌ Scam

**Reported bugs**

- App crashes
- Login screen freezes
- Incompatible with older devices
- Signals are old and outdated
- Notifications are missing or delayed

**Requested features**

- Ability to ask for a refund
- Clearer explanation of line graph on main page
- More frequent updates/signals
- Real-time updates for signals
- Notifications for signals that reached target gain


### OptionWave

[App page](https://appshunter.io/ios/app/optionwave/id6657758818)

Monitor unusual option trades in real-time with live data and customizable filters. Receive smart notifications for trades matching your criteria to optimize your trading strategy and stay ahead of market trends.

**Highlights:** Real-time live feed of unusual option trades, Customizable filters for trade data, Personalized smart notification alerts, User-friendly interface for all experience levels, Detailed analysis and reporting for market insights

**Features:** macOS Compatibility

**In-app purchases (2)**

| Purchase | Price | Billing |
| --- | --- | --- |
| OptionWave Premium Membership | $29.99 | per month |
| OptionWave Premium Membership | $299.99 | per year |


## Frequently asked questions

### Is Options Alerter free?

Options Alerter is free to download, with in-app purchases available.

### Is OptionWave free?

OptionWave is free to download, with in-app purchases available.

### Which has better reviews, Options Alerter or OptionWave?

OptionWave is rated higher. Options Alerter averages 3.4 out of 5 from 331 ratings, while OptionWave averages 5.0 from 1 ratings.

### Do Options Alerter or OptionWave have ads?

Options Alerter shows ads; OptionWave does not.

### Which is updated more often, Options Alerter or OptionWave?

Options Alerter ships an update every 6 weeks, and OptionWave every 3 weeks. Most recently, Options Alerter was updated on October 11, 2026 and OptionWave on October 2, 2026.

---

*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*