Best Option Trading Newsletters

Option Trading Newsletters

Best Option Trading Newsletters:

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There are a lot of traders, brokers, websites, and newsletters out there that try to get you to subscribe to their service or register on their website. Some of them are free, and some of them are paid subscription services. A bit problem with these services is that by the time the company sends out their trade alerts to hundreds of subscribers, the price of the recommended call or put has moved so much that the trade's potential profit has greatly been reduced. For the last 20+ years I have read, subscribed, or tested dozens of these services and have narrowed down my list. Without a doubt, my favorite options trading newsletters are:

  1. Phil's Stock World--Phil issues several emails a day telling you what he his seeing in the markets and what he is thinking. He seems to make several trades a day and almost always trades spreads. His type of trading style looks for easy, relatively risk-free profits over a few day holding period.
  2. Bernie Schaeffer--Bernie has a variety of email newsletter services ranging from free to expensive. I like the ones that send a recommended trade every week or so. Bernie does a great job of explaining his rationale for his picks, as well as being careful to recommend an early exit if the trade starts to lose money.
  3. Motley Fool has also started a few call and put trading recommendation emails. I have tried one of them and found it to be very timely and profitable.

A Word of Advice-- If you try any of these services, you can expect to double your money on 25% of the trades, lose money on 50% of the trades, and just get your money back on the other 25% of the trades. You must watch your positions carefully so that you never lose more than 25% of your investment on any trade.

Options Trading

Options Resources and Links

Options trade on the Chicago Board of Options Exchange and the prices are reported by the Option Pricing Reporting Authority (OPRA):