Swanky Savings: Option Alpha One Review: Does it Justify the Cost? (2024)

What is Options Alpha?

Option Alpha is a platform and community made to help people trade options using math and automation. It has educational resources and a trading platform with automated bots for placing options.

What are Option Alpha Bots?

Bots are software programs equipped with instructions, much like a flow chart. They place trades based on predefined criteria, operating without the human touch. This absence of human influence enables them to capture optimal opportunities, irrespective of your schedule. Bid farewell to impulsive buying and selling under stress – allow the bots to manage emotions. At the same time, you concentrate on the broader perspective. Now, this post is not about how to automate trades.

Now, let us look at each component and see if it is worth the high price.

• 50bots
• 500backtests per month
• $100klimit per bot

To fully justify the Pro+ price point,I believe increasing the bot limit to 250 (ideally unlimited) and offering unlimited back tests would significantly enhance the value proposition for advanced traders like myself.

Bot Supercharging is a handy feature that turbocharges your bots in automated trading. It makes them work faster and better. With this feature, your bots can look at more markets quickly, helping you spot good trading opportunities faster. You can also handle more trades simultaneously, trying out different strategies and having a variety of investments. It allows you to trade a more comprehensive range of stocks and other things, uncovering opportunities others might miss. Your bots might work even quicker, making your trades more efficient. In a nutshell, Bot Supercharging gives your bots more power to swiftly catch good trading chances, try out advanced plans, and trade in a wider variety of markets.

1. Enhanced Scanning Speed:

• Analyze a greater number of markets and symbols more quickly.
• Identify potential opportunities faster, allowing for quicker decision-making.

2. Increased Position Capacity:

• Manage a larger number of positions simultaneously.
• Expand your trading strategies and portfolio diversification.

3. Expanded Symbol Access:

• Monitor and trade a wider range of stocks, ETFs, and other instruments.
• Uncover niche opportunities that might not be available to all users.

4. Potential Performance Improvements:

• Possible optimization of bot execution speeds and data processing.
• Lead to quicker order placement and more efficient trading.

Priority Support: This perk feels like a life raft for high-volume traders. Imagine juggling thousands of options contracts, then picture having expert help one email away if something goes sideways. It’s peace of mind on autopilot, but admittedly not everyone needs it. However, with a 70% discount, it becomes a tempting safety net for those playing bigger games.

Live Training Webinars: Forget generic tutorials! With Priority Support, you get VIP access to live training sessions whenever Option Alpha unveils new features. It’s like having your own private coaching session with the platform’s gurus, ensuring you master the latest tools and strategies firsthand. This alone makes it a valuable bonus for any serious trader.

Overall, while Priority Support might not be for everyone, the discounted price and exclusive training webinars make it a compelling option for traders juggling hefty portfolios. It’s not just about fixing problems, it’s about staying ahead of the curve and maximizing your potential on the platform.

Kirk excels in simplifying the basics and providing clear explanations. His teaching style ensures that every concept is thoroughly understood. The Options Alpha One account brings a fantastic opportunity – a 5-week boot camp promising a comprehensive learning experience. From trading with mathematical precision to mastering position sizing and utilizing bots, this Options Alpha review highlights the program’s excellence. It’s not just for beginners; professionals can also deepen their understanding of advanced concepts through this well-structured boot camp.

My Personal Experience with Option Alpha

I jumped into Option Alpha with high expectations, and I must say, they delivered on the education front. Their learning resources, including videos, strategy calls, and a responsive support team, are top-notch. They provide a constant stream of trade ideas, keeping inspiration flowing.

However, the challenge arose when dealing with their core strategy centered around iron flies and condors. These strategies aim to extract every bit of profit, but the tight profit targets often result in minimal gains, around $50-$100 after commissions for a successful trade. Dealing with losing trades involves rolling them forward, a temporary solution at best.

The real hurdle for me was the constant need for adjustments. Getting trade tweak alerts at 2 PM on a Friday is less than ideal for those who want a life beyond trading.

In summary, Option Alpha is an excellent resource for learning about options and gaining trade ideas. Yet, if your goal is substantial wealth, the small profit margins and constant need for adjustments may make you feel like you’re trading valuable time for minimal returns.

Should you get an Options Alpha One subscription?

When thinking about getting Options Alpha One, you need to think about whether it’s worth the high price. In my experience, I’m not sure if the expensive subscription is really worth the money. The platform has some features and promises a lot, but I’m not convinced that what you get is equal to what you pay. Before you decide to spend a lot on this subscription, it’s important to think about whether it really gives you what you need for your trading.