Options Trading Alpha Review
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Option Alpha is an online coaching service and trading platform, that specializes in options. The Optionalpha.com website offers a wide range of options trading strategies. It primarily focuses on a quantitative and spread-based trading styles using many different features. Option Alpha is a useful online resource for those traders who want to learn how to trade options successfully, as well for those traders who already have a particular experience in this area. According to the opinions of many international users, Option Alpha occupies a leading position as an educational company for options traders.
Over 47,000 traders are registered users for this online resource. Option Alpha offers free training courses on how to trade options, what are the best and most effective tools, which software is it better to choose, how to configure alerts, etc. Besides the free option that provides access to educational material available upon subscription, Option Alpha also provides traders with various paid services according to either professional or elite memberships. In this fashion, both beginners and advanced traders can find a lot of useful information, services, and functions on this website.
As a software development company, Option Alpha was ranked 215th among 5,000 US private companies in the list issued by the Inc. Magazine in 2018. It also has a number 6 ranking among top software companies registered in the state of Pennsylvania.
Several Words about the Option Alpha Owner
The Option Alpha Company was founded by Kirk Du Plessis, a professional trader, who actually lives in Indiana, USA. He started his career as an investment financier at Deutsche Bank. Then, he moved to BB & T Capital Markets, where he used to work as a financial analyst. After that stint, he devoted his entire time to trading on Wall Street using his personal account. He managed to show a growth rate in trading of more than 2,000 percent in just three years. Judging by everything, Kirk can honestly be considered a real expert in the financial market.
Kirk transparently talks about his current trades on the website pages dedicated to tracking his performance. He demonstrates and explains different features, for example of trades that have yielded the best results and what the likelihood is of success in this or that deal. More importantly he talks about subjects such as trading strategies, risk management, psychology, option pricing, and portfolio allocation are always in his focus.
Options Alpha also offers a free registration that gives access to a vast amount of quality training and tutorial videos. After completing the free Option Alpha course of education, you will know exactly how to place your trades, adjust trading settings, and manage your positions.
Besides that, users can also select the Professional or Elite paid memberships.
Professional memberships cost $99 a month, and it comes with daily optional trading notifications, reviews of trades, and forum access. This allows users to follow Kirk’s trades, ask questions, and instantly get answers.
The price for Elite memberships is $299 a month. It provides users with access to all other membership functions and opportunities, such as weekly reports and workshops, options-related coaching, video commentary with analysis, and discounts for the newest software.
Both Professional and Elite packages enable users to follow Kirk’s real-time transactions and receive his comments about his trades. Kirk devotes much of his time and effort to extensive analysis and research. You will know which options are the most liquid for trading, and you will be able to filter them according to their values, possible future income, and an offered trading strategy.
Alerts and Signals
Option Alpha members have access to alerts provided by this trading service. It can assist users by planning and executing their trades. The Signals report is formed on the basis of extensive back-testing of the most significant technical indicators to find the most predictable positions and make the most convenient settings for analysis.
Option Alpha has also developed a specialized software to assist traders. Several variants of Toolbox software, which come with a lifetime license, allow users to quickly analyze options trade based on scanning, back-testing, and optimizing methods.
The Toolbox of the Lite type costs $47. It gives access to the scanning and filtering functions of watch lists. The weekly earnings calendar and updates are provided.
The fee for Toolbox Plus is $497. This includes a back-testing function, unlimited back-tests, and real-time trade optimization in addition to all the features of the Lite version.
Users can contact the Options Alpha team using the enquiry form found on the website. Kirk pays close attention to quick and complete answers. Most often, he replies personally the same day. The FAQ section is absent on the site. However, users can find almost all data on the website pages.
The company is active on Facebook, Twitter, Instagram, YouTube, Google+, and Periscope. The links to these resources can be found on the website. Also, a personal Kirk’s blog is often updated with new amazing articles.