Let’s get one thing straight – options trading is not child’s play. 🧸🪀
In here, you can profit hundreds or even thousands, but at the same time, you can also be wiped out within just a few minutes.
If you are genuinely interested in this opportunity, then I invite you to read on my Option Alpha Review today to see whether this is something that you should try on or not.
There is no denying that options trading is overwhelming. 😵
Aside from the fact that the charts change from time to time, just like in the stock market, note that a high level of risk is involved here.
If you have been doing your research about your possible brokers, you might have seen tons of disclaimers and warning boxes before executing a position that is somewhat similar to this:
“Options involve risks and are not suitable for everyone. Options trading can be speculative and carry a substantial risk of loss. Only invest in risk capital.“
Now, if you’ve seen that kind of disclaimer and you felt a sudden rush of blood to the head, then maybe it’s time that you think about whether you are making the right decision or not.
You see, a simple move and an uncalculated position can put your investments in such jeopardy to the point that it may be wiped clean!
You might have seen posts on social media showing their ports and how much money they are making.
However, trust me. Options trading can be very complicated, especially if you don’t have the slightest idea of its works.
If you remembered, just last year, a young trader even committed suicide because he thought that he had lost hundreds of thousands of dollars while trying his hands-on options!
Please understand that I’m not saying this to drive you away from the idea of investing. My main goal here is to make you realize how different it is from other assets, such as ETF’s, bonds, stocks, REITs, and mutual funds. 💡🤓
I am not saying that the ones mentioned above are safe, but the chances of making it out alive even as a beginner are very much possible compared to options.
Having said that, if you have landed on this page and have no idea what options trading is, try to watch this short but comprehensive video so you can at least have base-level knowledge about what it is, why it is widespread, and how it works.
As seen on the video, options income trading may seem easy at first, but if you dive into it without learning the basics, you might not avoid the pitfalls that many other traders fall into.
None the less, if you are pretty determined to learn the basics and get the best mentors, then you just might have a chance in this opportunity!
And this is where Option Alpha comes in. 😊
Basically, it is an educational platform with all sorts of video courses and materials about options trading.
They have been making rounds on the internet because they offer well-produced and informative videos on YouTube and social media.
But the critical question that bothers many is whether it’s legitimate and worthy of the investment of time or just another shady, overhyped platform that teaches nothing but recycled content.
Please find out more about this in my Options Alpha Review! ✅
Before we start, let me just clarify that I am not in any way, share or form connected with the company, nor am I being sponsored to write this post.
What you will find here are my honest opinions about their platform and nothing more.
So if you are expecting to get the real hard truth about this, then stick around as I reveal some of the secrets regarding this educational trading centre.
Now that that is out of the way – let’s get into it! 🚀
Option Alpha Review
You can always do a simple YouTube or Google search to learn more about this form of investment.
However, if you are interested in having all the latest information in just one spot, Option Alpha is undoubtedly the one for you.
Run by Kirk du Plessis, the founder, CEO, and lead analyst, this platform remains a massive following because of its *free* option.
Yep, you read that right! A free subscription to the platform! 🆓
The fact that you do not need to pay for anything to take advantage of the comprehensive video lessons related to trading makes this learning platform a solid choice for total newbies!
All the lessons are developed by Kirk himself and his team of professionals. With its unique value proposition, there is no surprise that the Option Alpha community just kept on expanding throughout the years.
They have one of the most significant numbers of subscribers in their field, such as 211k on YouTube, 21k on Facebook, 10k on Instagram, and 28k on Twitter!
Add to this its incredible community of around 50,000 traders worldwide!
Part of their mission is to provide high-quality education and tools that will allow you to navigate the treacherous realities of options trading masterfully.
They are not promising that you can get tons of money out of their system or through the strategies they teach you.
Instead, they reiterate in all of their lessons that the company’s goal is to give you confidence and not let you gamble your money away.
So, here’s what you can expect from their platform – systematic and scientifically tested strategies to help you trade options alone. 📊👌
Again, they will not touch on other assets such as penny stocks or forex. Their primary focus is on options trading and how to get you the most value for your investment.
And for me, this is something incredible! 👍
I mean, we have seen lots of financial newsletters that charge significant amounts of cash and are clearly investing in different areas thinking that diversification is the way to go.
Of course, diversification is good, but don’t you want to focus on the assets that will allow you to profit more in the long run?
And this is what Option Alpha is all about. It is straight to the point that their only concern is options and nothing more. Add to that is that it does not charge anything for its members!
I mean, no hidden charges or “clicks”, and ads will lead you to checkout services. The free account already holds phenomenal lessons that can comfortably rival what other “gurus” on the market are presenting.
However, in terms of credibility – I couldn’t really find any other companies that mentioned this platform at all.
Usually, you can see a lot of hypes around a trading course. Still, for the case of Option Alpha, they were never mentioned by any media powerhouse, celebrities or anyone for that matter.
Honestly, this is what made me question their legitimacy. 🤔
Upon checking the quality of their lessons, I was quite surprised that they do not have many followers because, as mentioned earlier, the courses’ quality can rival those that you can get from Udacity or Udemy, only in here, everything is free.
I guess this is just the classic notion that we have at the back of our mind where if a course is given for free, then there must be something wrong with it. That is not the case of Option Alpha.
Please note this video, for example, and see for yourself the quality of instruction that they offer.
Is Option Alpha Worth It?
Once you sign up with the site, you will be tasked to choose the track you want to follow for a more personal experience. You can choose beginner, intermediate, and advanced.
For our review, I have chosen track one for beginners to try and test out the options available for rookies and see if there will be any upsells during the lesson.
Once you are inside the dashboard, you will see three major sections: 👇
• Education center.
• The trading research for actual analysis.
• Toolbox software – where you can launch all the options trading tests and scan for profitable trades.
In the education center, you can take advantage of: 🔽
• about nine downloadable guides (around 4 to 90 pages each)
• video lessons for beginners (16), intermediate (15), advanced (17)
• specific video lessons for options basics (20), entries and exits (26), options expiration (11), bullish strategies (12), neutral strategies (7), bearish strategies (13), portfolio management (16), pricing and volatility (12), trade adjustments (15), and professional trading (14)
• weekly podcasts
• blog updates
• answer vault
• common trading glossary
In the trading research section, you can access the following reports: 🔽
• Covered Call Performance Research Report
• Profit Matrix: The Most Profitable & Consistent Strategies Revealed For Every Market Setup
• SIGNALS: The 20-Year Technical Analysis Backtesting Report
Please Note: these are full-blown reports with actual analysis!
In the toolbox section, you can access the following built-in tools within site: 🔽
• Watchlist (there is a pro version for paid subscriptions)
• Earnings (there is a pro version for paid subscriptions)
• Backtesting (still under development as of writing)
• Optimizer (still under development as of writing)
To be honest, I really think that their free membership is already enough for beginners, and I do not see any reason why you should pay for the premium membership.
Just by looking at the things you can access upon payment, the pro membership of $99 per month, the elite at $299, and the lifetime at $1997 are not worth it.
I am saying that the trading alerts and strategy calls are not worth the payment because if you are genuinely interested in options trading, you should be the one checking and continuously reviewing your positions.
Once again, online courses like Option Alpha are just there to give you some advice and real perspectives about the market. But at the end of the day, it is you who should call the shots.
It is nice to know that they have trading alerts, but please remember to never follow these blindly with the hopes of just adding your money on your broker and letting Option Alpha’s team do the heavy lifting.
In terms of content, the platform is really in its best shape, and there is nothing more that I can say about its well-developed lessons, easy-to-understand discussions, and downloadables that are worth your time.
Will I pay for the added alerts? Certainly not. ❌
That’s my answer because when I tried options back in the day, I realized that it is something that you should give your full attention to. Therefore, you do not need trade alerts.
All you need is to check your positions from time to time and make sure everything is running as it should be.
Is Option Alpha A Scam?
If there is one thing that I like about Options Alpha, then that would be its clear disclaimer that their sole purpose for existing is to properly educate all the newcomers looking to profit out of options trading.
They always explain the risks involved and remind you that this is not a get-rich-quick scheme.
Instead, they ask you to understand that dealing with the market can be challenging, but at the same time, it’s very much possible to ride it out like a pro if you know the basics.
With this being said, I believe that Option Alpha is not a scam, and I highly recommend its free membership since it offers tons of helpful content that can help you out in the trading world. ✅🤟
Add to that the company’s fantastic YouTube channel that offers free training, and you have a platform worthy of subscribing to.
However, in terms of the paid-membership schemes, trust me when I say that it is not worth your time.
Alerts are great, but they shouldn’t come at such a hefty price! If your goal is to become a real trader, I do not recommend investing your hard-earned cash in such schemes.
Instead of getting alerts, you can simply look at the charts yourself! 😁
You don’t have to worry about not being a professional and all of that because with the lessons you can find at Options Alpha, understanding the charts will be much more comfortable!
As I always say – you are still the captain of your ship. 🚢🏴☠️
Never allow yourself to be hyped up by the perceptions of other traders and their earnings. I have been in your situation before, thinking you can follow the crowd on where they are investing.
However, that is not the path to success. 🛑✋
Following someone’s advice blindly is pretty much the same as gambling, and we as aspiring traders should never fall for it.
How I Made $4.376 Last Month! (And how you too can!)
Options trading can indeed be an excellent way to put that extra money to fair use, but please be aware that many traders out there try to portrait it to be a whole lot easier than it really is.
I mean, you do not need to invest a lot to earn a few hundred bucks here, but allow me to burst your bubble by saying that you shouldn’t expect to turn $50 into $1000 just by doing this alone.
It is indeed possible, but only if your stock pick suddenly enters the big leagues, and I’m sorry to say, but the chances of that happening are slim and not as common as we would like them to be.
In other words – don’t expect significant returns without a big investment! 🙂
With this in mind, I would love to take this chance to introduce you to a more stable, sustainable, and scalable business model in which your profits do not depend on your initial investment.
I know it may sound like a cliché, but it’s the very same earning method that has allowed me to become financially independent at the age of 24, and I have no doubts in my mind that it can help you achieve the same, if not better, results.
My most recommended way to legitimately make a living online is something widely recognized as affiliate marketing.⭐
In here, you don’t have to deal with any external factors, and your earnings solely depend on the amount of work you put in and all the decisions you make along the way.
I’m not sure if you’ve heard of it before, but AM represents an arrangement by which an online retailer pays commissions to an external website (in this case, yours) for traffic or sales generated from its referrals.
To put it in another way, you get paid to promote products and services that you don’t own, meaning that you don’t have to deal with things like customer support, inquiries, shipping, wide fluctuations, and all that fun stuff.
All you have to do is partner up with companies with affiliate programs, grab the unique links that they share with you, promote them on your site, and get paid each time a visitor clicks on them and buys the thing you’re recommending.
I’m an affiliate marketer myself, and the site you’re currently on is an ideal example of an affiliate marketing website.
Although it seems modest at first, I assure you that it gets the job done, and by that, I mean that it’s earning me a steady four figures each month.
My last month’s earnings are $4.376, and believe it or not, they continuously keep on increasing every month.
I don’t want to lure you into trying AM by ‘bragging’ about how much I earn, as I’m not particularly fond of that promotion method.
Instead, I want to share some of the reasons why this business model is so appealing and let you decide for yourself whether it’s worthy of pursuing or not.
- Its straightforwardness makes it suitable for beginners.
- It gives you the chance to work anytime and anywhere.
- Compared to other business models, AM has a low startup cost.
- Two-thirds of the sites you see online are AM sites.
- It becomes passive with time. You’re building an asset.
- Whether you fail or not is entirely up to you.
- You don’t have to have any expertise to get started.
- Thousands of people are doing, and so can you.
- To reinforce my last statement, see a list of success stories. 👈
As much as I would love to sit here and teach you how it’s done, I still believe it’d be better to save us both some time and have you read my ultimate affiliate marketing guide instead.
Inside, you will find everything there is to know about this business model, including what it is, how it works, the income potential, and even how to get started with less than a dollar per day.
Like any other business, it’d be best if you learned a thing or two about the process from a credible institution, or otherwise, you’ll be wasting time trying to reinvent the wheel on your own.
Having said that, I believe that now would be the perfect time to introduce you to the very same community that gave me all pieces of training, tools, and support to help me get to where I am today.
Without their continuous encouragement throughout the years, I probably would have been just another broke blogger trying to figure out what goes where and who does what. 😅
In the past decade or so, Wealthy Affiliate has been the go-to educational platform for affiliate marketers of all levels.
It doesn’t matter if you’ve been doing this for years or if this is your first time hearing about AM – Wealthy Affiliate can give you the features you need to succeed as it has done the same for countless bloggers worldwide.
Inside, you have everything you need to master affiliate marketing, including industry-leading education, the much-needed tools to suceed, and top-notch support every step of the way.
On top of that, it will be my pleasure to welcome you inside personally and mentor you until you surpass the ‘1K a month’ milestone.
I’ll unselfishly share all of my knowledge with you, and that’s only one of the benefits you’ll have as the newest edition to our close-knit AM community.
The Wealthy Affiliate starter membership is free and forever will be. 🆓✅
With it, you have zero risks and obligations whatsoever, meaning that you can test out the platform and some of its features without paying a dime.
You’ll be able to participate in the first few lessons for free, and that should give you plenty of time to make up your mind about whether you want to pursue a career as an affiliate marketer.
It’s time for me to end this Option Alpha review, so just in case you have any questions, type them down below, and I’ll make sure to get back to you as soon as I can. 👋
This does seem hard to understand, but the video made us know more about options trading and its works.
We weren’t that familiar with options trading, and honestly, it sounds exciting and something to look into, but we’ll probably stay away from it now that you have warned us that we can lose lots of money as we are rookies.
With your help and informative review of Option Alpha, we decided that it might be best to skip this altogether and have a try at affiliate marketing instead.
We will be looking around for your posts in the future!
Mathew & Deloris
I’m glad I was able to help, guys! I wish you the best of luck to both of you, and I hope to see you once again on this blog very soon!
This is an excellent review on Option Alpha; thank you.
I had a hard time understanding what it was about when I came across some videos online. Now thanks to your review, I get what it’s about.
I really enjoy investing, of course, and I have to agree 100% with you that we should not rely on anyone else to do our investing for us.
I agree that (now that I know what it’s about) it is a great place to gain a lot of knowledge without looking for it all over the place — all in one excellent convenient location.
And I am definitely with you when you say you don’t believe it’s worth paying for the monthly subscription.
Have you come across an excellent source to depend on for advice for investing online yet?
Thanks for the detailed review; it was beneficial. I am looking forward to your next article.
Hey Richard, thanks for stopping by and leaving a comment.
I suggest you pass up on the opportunity and try affiliate marketing as a more viable business model instead.
Don’t get me wrong, trading can pay off tremendously, but it has a steep learning curve, and it’s kind of dicey on top of that.
You can always start by subscribing to some trading educational newsletters, but there are also some courses like Warrior Trading, Investopedia’s methods, etc.
Just google ‘best trading courses 2021’, and I’m sure you’ll find something.
Comments are closed.