Option Alpha Review
Welcome to my Option Alpha review!
Disclaimer: There are affiliate links on this page. This means that if you click through and purchase anything, I might earn a commission for the introduction with no extra cost to you. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of stockalertsreviewed.com. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Option Alpha is owned and operated by Kirk Du Plessis. It is an options trading site that offer options trading strategies and alerts to premium subscribers.
FREE FACEBOOK GROUP AND FREE EBOOKS!
Check out my Facebook Group for a community of traders that are interested in stock alerts services.
Side Note: If you are looking for something a little BETTER and faster paced (options trading with a few days hold time) I suggest giving Nate Bears Profit Surge Trader a look here.
Nate Bear Turned $37k into $2.7MM in 4 years and now he is teaching YOU how to do it!
Given the price, quality of alerts and the simple strategy of Bullseye trades – Option Alpha has A LOT to live up to!
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Let’s get started with the Option Alpha review.
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE! <<
Option Alpha Owner Kirk Du Plessis
Kirk Du Plessis started out as an investment banker at Deutsche Bank. That is a pretty prestigious and impressive resume right there! He worked in that niche for many years – that gives him some credibility in my eyes.
Years later, Kirk Du Plessis (that is an interesting name for sure!) started working on Wall Street trading stocks and options.
He was pretty darn successful and started to document his trades on his own blog. This eventually led to him starting Option Alpha as a premium subscription service.
FREE FACEBOOK GROUP AND FREE EBOOKS!
Check out my Facebook Group for a community of traders that are interested in stock alerts services.
Side Note: If you are looking for something a little BETTER and faster paced (options trading with a few days hold time) I suggest giving Nate Bears Profit Surge Trader a look here.
Nate Bear Turned $37k into $2.7MM in 4 years and now he is teaching YOU how to do it!
Option Alpha Review: Track Record
One of the most important things that matter when choosing an options trading service is their track record. Nobody wants to learn from someone that has a poor record!
I like how the Option Alpha team is pretty open about their successful track record. Of course, like any of these stock/options alerts service, you just have to take their word for it.
You can find the Option Alpha track record on their website. Kirk has made thousands of trades, but what is quite odd is that he trades with a very small account.
He only claims to make a few tens of thousands of dollars a year trading his options strategy! This is extremely low for someone that runs a service like this one.
While this is a little worrying, it does show transparency, honesty and it is a refreshing change from all the gurus out there that advertise how they make a million dollars a year.
They must be doing something right because the Option Alpha community has hundreds of thousands of members!
You can watch a video that Kirk has put together to show you his track record AND he shows you an example of his live trading.
FREE FACEBOOK GROUP AND FREE EBOOKS!
Check out my Facebook Group for a community of traders that are interested in stock alerts services.
Side Note: If you are looking for something a little BETTER and faster paced (options trading with a few days hold time) I suggest giving Nate Bears Profit Surge Trader a look here.
Nate Bear Turned $37k into $2.7MM in 4 years and now he is teaching YOU how to do it!
How Much Does Option Alpha Cost?
Option Alpha has a free membership that gives you some basic options trading education. It is a pretty comprehensive free membership that allows you access to video lessons, podcasts, training guides and trade examples.
The Option Alpha platform sells licenses for a few different proprietary scanners and other software to help with your trading.
Here are the two tiers for the monthly Option Alpha subscriptions. You can read all the details on their website.
- Option Alpha Pro ($99 per month)
- Option Alpha Elite ($299 per month)
They also offer lifetime memberships as well. These prices seem pretty much in line with all of these types of programs.
Option Alpha Trading Strategies
Kirk is almost always short premium – basically an income trading strategy. This is not exactly the normal way to trade options that everyone else is focusing on.
To me, it is not a strategy that I personally would use. The potential for large losses and small wins goes against everything that I have learned as a trader.
Kirk swears by this strategy though and shows numerous previous trades on the Option Alpha website that shows this success he has had with this strategy.
Here is a short video that gives you an introduction into this kind of options trading strategy.
Option Alpha Review: Daily Commentary
Kirk’s daily commentary is very similar to the other services out there – nothing special. He gives some basic info while explaining the technical chart.
Option Alpha Testimonials
Kirk has a plethora of positive testimonials for his service. Here is a video that shows you many of the reviews for the Option Alpha program.
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Give Yourself the Edge
One reason I love playing iron condors so much is the built-in advantage you get as a seller of options premium.
Options lose time value every day until expiration, and the rate of decay is non-linear — it happens at an accelerating pace. So the closer your expiration date, the more value you’re losing every day.
This is obviously a built-in detriment to the option buyer, and all the more reason that you should buy options only on your highest-conviction ideas for big directional moves.
But as an options seller, time decay works in your favor. No need to fight the system — just sit back and let those contracts depreciate. Then, if and when you need to, you can buy back your spreads at a lower price than you sold them for to unwind the position ahead of expiration.
Confidence in your strategy doesn’t mean you get sloppy, though. That’s rookie stuff.
FREE FACEBOOK GROUP AND FREE EBOOKS!
Check out my Facebook Group for a community of traders that are interested in stock alerts services.
Side Note: If you are looking for something a little BETTER and faster paced (options trading with a few days hold time) I suggest giving Nate Bears Profit Surge Trader a look here.
Nate Bear Turned $37k into $2.7MM in 4 years and now he is teaching YOU how to do it!
Option Alpha Review: Conclusions
I love how Kirk is so open and honest about his track record. To be able to proudly display a track record that indicates he only makes a small amount of money per year is something that I find endearing.
So many of the gurus out there will market their services about ‘how they made $100,000 in a single trade’ without mentioning that they used a $500,000 position size to make that money!
Unless you can use bigger position sizes than Kirk Du Plessis, you will make a relatively small income, even if you can replicate his trades exactly.
This might be fine for some people though.
The strategy is relatively passive and many people just want to supplement their income.
I guess, my main worry is that there is always slippage between a guru’s performance when you try to replicate their trades. The small profits and large losses might makes this service difficult to piggy back on.
However, if you just want to learn a new options trading strategy that is a bit less common than the typical options trading strategy – this service might interest you!
Good Luck!
Wesley
Related Articles
Motley Fool Everlasting Portfolio Review
My Option Alpha review revealed that I don’t think this is a strategy for me. It works for Kirk Du Plessis and it MIGHT work for you as well!
Comments are closed.