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A successful option trader can use research to its fullest potential and teach you how to trade. Good research enhances your options trading strategy, helps you be patient, and can enable you to make good profits. Options trading skills are not something you are inherently born with. It takes time to develop a level of expertise. Following a vetted trader can help speed up the process of learning how to trade outside of reading books and subscribing to options alerts . If you are brand new to trading you might want to learn about the best brokerage to use first as there are several including TD Ameritrade.
Best Options Traders
Top 11 Best Options Traders You Need to Follow Right Now
Here are 10 best options traders that are great resources and can help you build your options trading skills.
1. Options Trading Club
This is one of the best discord servers out there when it comes to options trading and if you are looking to potentially be a profitable trader. Often Discord servers face the problem of too much noise. OTC has ensured that the quality of people who come in to learn and trade is maintained at a high level. It provides several different options strategies so there is definitely something for any level of trader. While it started as a premium closed group community for selected individuals, it is now open via application to maintain the quality of the community with only serious traders looking to level up their options trading skillset. You’ll understand why people are lining up to join the Options Trading Club discord. Click here to apply for a membership with Options Trading Club.
2. Fuzz from Stock Dads
3. OptionMillionaires
This is a community of stock traders specializing in trading options. Their Twitter handle @OMillionaires has over 127,000 followers. They call themselves the Best Options Trading Community. Their website has a bunch of fantastic resources for stock trading. The flagship product is the livestock options chat room. The chat room gets active an hour before markets open.
They have different membership tiers, ranging from $29.99 to $149.99 a month. They have a 3-day free trial period. A full membership gives you access to the chat room and regular weekly webinars. Their track records include one member who transformed a $200 trade into $48,000 and another who transformed $2,000 into $150,000.
4. Johns Charts
This Twitter handle, @johnscharts, has over 164,500 followers. John has been trading for over 23 years and is known for delivering the right investment strategies according to market conditions. The site says, “We realize most traders don’t like doing the research when investing in stocks, so this platform may give you ideas if they meet your strategy and financial goals.” This is a great tool to find the best 50 from 9,700 listed stocks. Membership to JohnsCharts includes Stock/Options ideas from Focus/Momentum Lists, Zoom and Chat, Market Environment Signals, and access to watchlist archives. Membership prices start from $69 a month to $799 for a lifetime membership service.
5. OptionsMike
Mike Pisani is an options swing trader. Mike “follows the options flow while looking for unusual activity to show him where big money is flowing.” This could be a sectoral bet or a repeated call buying a single stock where he makes his money for that day. His Twitter handle @OptionsMike has almost 82,000 followers.
Membership to his services starts at an introductory $25 monthly and is later charged at $100 monthly. Membership gives you access to a “Live Trade Room running from pre-market through the close, including Alerts, Option flow, news, and tradable ideas delivered real-time via our private Twitter feed.” You also get a weekly newsletter and one-on-one training. This is an excellent resource if you are a beginner.
6. OpenOutcrier
This great integrated newsfeed tool ensures you are always on top of stock and options news. It’s Twitter handle @OpenOutcrier has around 79,000 followers. Its main feature is the Open Outcrier Feed which delivers info from its Twitter and StockTwits feeds. This info reaches subscribers first and social media later. It also features unusual options activity, large block trades, and commentary. The feed also includes trader chatter and rumors outside of standard news services. You can sign up for a free two-week trial; the charges are $99 per month. It’s an excellent resource for experienced options traders.
7. SteadyOptions
Kim Klaiman is the founder of this site, which is an excellent resource for options education and trade ideas. His Twitter handle @SteadyOptions_ has over 53,400 followers. SteadyOptions has a track record of 10 years of steady profits. It provides four types of plans across different trading styles.
The Steady Options plan is suited for options traders. It starts at $147 for a month, $385 for a quarter, and $1,295 for a year. The site says, “SteadyOptions is a Premium Options Trading advisory service. We offer a combination of high-quality education and actionable trade ideas. The forum focuses on non-directional strategies like earnings plays based on Implied Volatility, Long Straddles, Iron Condors, Calendar Spreads, Butterflies, etc.”
8. OptionsHawk
This is one of the best idea generation and research sites for options and stock trading. It prides itself on the “accurate, unique, and high-quality analysis of the equity and options market in real time.” It provides a full suite of research and analysis to allow investors to make better-informed decisions. OptionsHawk has two products: Hawk Max and Hawk Elite plans. The Hawk Max costs $300 for 30 days, while the Elite costs $149 for the same period. You can opt-in for a trial plan where you pay $99 for 15 days for Max and $49 for Elite. The Twitter handle @OptionsHawk has almost 97,000 followers.
9. Schaeffer’s Investment Research
When you check out its Twitter handle @schaeffers, you might be put off by only 7,200 followers. But don’t let this small number fool you. Schaeffer’s is the longest-running options trade alert provider in the world. It prides itself on outstanding stock and options trading recommendations, options education, and market commentary. It enables retail investors to trade at a professional level. Its flagship offering is The Option Advisor; a monthly newsletter started in 1981 that features a variety of options, trade recommendations, and educational market commentary. It has a multitude of plans for everyone, from beginners to experts.
10. Option Strategist
Founded by Lawrence G. McMillan, Options Strategist has provided options-oriented advice, money management, and education since 1990. While you can subscribe to the newsletter and educational content here, hardcore options traders will make a beeline for its analysis products. A monthly subscription for the McMillan Spike-Peak Index Buy Signals starts at $30 and goes to $249 monthly for the Expected Return Calculator. There are also a bunch of products in between. McMillan’s Twitter handle @Optstrategist has only 14,700 followers, but you are not paying him for his takes on social media.
11. Option Alpha
Their philosophy is best summed up by the first words you read on their website: Every investor should have access to pro trading tools. They have used technology in many ways to enable great trading for retail investors. The monthly membership for its Basic plan is $29.95, while the Elite plan will cost you $199.95 monthly. It’s no surprise that their Twitter handle @OptionAlpha has over 30,500 followers.
This Options Discord Chat is The Real Deal
While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.