Option Alpha Review

Option Alpha is an educational option trading website run by Kirk du Plessis, a former M&A Investment Banker, and REIT Analyst. It is safe to say that Kirk du Plessis has been in the financial industry for some time and he definitely seems to know what he is doing.

In this article, I will tell you about my experience with Option Alpha, its features, software, memberships and more. After reading this Option Alpha review, you should have a pretty good idea if Option Alpha is something for you.

What You Will Get – Option Alpha’s Features

Option Alpha offers loads of different features. They have everything from podcasts, options trading courses to backtesting software, live trade alerts and more. Instead of presenting each of these features separately, I will divide the features into three categories: free, pro and elite. Those are the three membership options at Option Alpha and with each, you get access to different features.

The Free Membership

The free membership at Option Alpha is much better than that on most other trading sites. You don’t have limited access to a few resources only. With Option Alpha’s free membership, you can access all of the following features:

Educational Video Courses
PDF Guides and Checklists
Podcast
Blog Articles
Live Trade Example Videos
Video Tutorial Library
*(Live Webinars)

*The reason why I put ‘Live Webinars’ in parenthesis is that I have never seen a webinar be available. If you go to the live webinar page, you can read that the registration for the webinar will open soon. This has been like that for years now which is a bummer.

As you can see, Option Alpha’s free membership offers tons of valuable education. This isn’t a free trial. You can actually gain access to all of the above through the free membership.

The Pro Membership

This membership gives you access to the following:

Daily Option Trades Alerts
Nightly Trade Review Videos
Access to Current Portfolio Overview
Forum Access

Obviously, you will still have access to everything included in the free membership. Basically, the pro membership is a trade alerts membership. However, instead of following the trade alerts, you could also just learn from them in real-time.

I personally am not a huge fan of this membership. But more on that later.

Pricing:

Monthly: $99
Yearly: $990

The Elite Membership

With this membership, you gain access to all of the pro features and:

Weekly Strategy Calls
Monthly Live Q&A Calls
Small Group Coaching
Recordings
Software Discounts
Forum Access

Pricing:

Monthly: $299

Toolbox

Besides the three memberships, Option Alpha also has other products for sale. These products can be purchased in a so-called toolbox. Here is a list of the products:

Watch List Scanning & Filtering Software
Weekly Earnings Calendar
Options Strategy Backtesting Software
Trade Optimization Software

Furthermore, Option Alpha offers two research reports. One on technical analysis and one on options trading strategies.

If you purchase any of these products, you will have lifetime access to them.

Pricing:

Toolbox: $497
Technical Analysis Report: $197
Options Strategy Report: $397

Lifetime

The last membership option at Option Alpha is a lifetime subscription. This gives you lifetime access to all of the above and to future product releases. So with this membership, you gain access to the elite membership features and all the reports and software.

Price: $1997

Is it any Good?

Now you know about all the different memberships and products at Option Alpha. But are they any good?

Let’s start with The Free Membership. I think the free membership is amazing. Option Alpha offers tons of free, high-quality education. Therefore, I definitely recommend the free membership.

However, I don’t necessarily recommend The Pro Membership because it is just an alerts membership. You pay to receive trade alerts. The idea behind this concept is that you follow Kirk’s alerts and don’t actually do any thinking or trading yourself. I don’t like that concept. The goal of trading websites and education is to make you a self-sufficient trader. A trader that relies on no one but himself/herself. Later on, you ideally, want to be trading based on own research, analysis and generally, you want to make your own decisions.

If you just blindly follow someone else’s alerts, you won’t learn. You will completely rely on that other person. If that other person makes a mistake, you would probably just blindly follow it. That is not a good approach to trading.

Of course, you could use trade alerts and especially the review videos to learn about the thought process that goes into trading. However, if that’s your goal, you could also just watch the live trade example videos that are included in the free membership.

So what about The Elite Membership?

I think the elite membership is much more valuable than the pro membership. The reason why I think so is, that the elite membership focuses on options trading education, unlike the pro membership. The weekly strategy calls and monthly live Q&A calls are there to help you understand options, strategies, and other concepts. The Q&A calls give you the ability to ask questions and receive instant feedback.

With that being said, I still think that it is quite pricey. $299 per month is definitely not cheap. I can’t tell you if this is worth it. You have to decide that by yourself. You have to find out how much you value regular small group coaching.

In my opinion, the two most valuable Option Alpha membership options are the free membership and the lifetime membership.

The free membership is just awesome for those that only want access to the education.

But if you want more than that, I think the lifetime membership is the most valuable premium membership. Compared to all other paid memberships, it has so much more to offer.

Just compare the lifetime membership to the elite membership. For the $1997 price tag, you couldn’t even buy seven months of the elite membership.

However, by buying the lifetime membership, you would gain lifetime access to:

The Elite Membership ($299 per month)
The Toolbox ($497)
All Current Research Reports ($594)
All Future Research Reports ($500+)

Hopefully, you get my point. The lifetime membership just has much more bang for the buck than all other paid memberships.

Don’t get me wrong. I am not saying that you have to sign up to the lifetime membership. All I am saying is that if you want to sign up to a paid membership at Option Alpha, I think that the lifetime membership is the way to go.

But like I said earlier, if you only are interested in the education, the free membership is best for you.

What to Expect from Option Alpha

Before I draw a conclusion for this Option Alpha review, I want to talk about what you should expect. Option Alpha teaches the trading strategy high probability options selling. I too, teach this trading system and therefore, I can tell you with absolute certainty that it is a legitimate trading system.

However, it is not a ‘get rich quick’ scheme. You won’t make tons of money just by joining Option Alpha and you should not expect that either. You won’t make millions of Dollars in the next few months or probably even years. Option Alpha’s trading strategy tries to teach you how you can trade options for consistent profits in every market environment.

Note that just like with any other trading course, you will be required to put in some work. You won’t learn how to trade options by doing nothing. You will have to put in time to make it work. Ideally, you should put in at least a few hours every week. If you don’t have that much time, it will take longer to learn. But it is still possible. Just don’t expect to not have to do anything.

Kirk du Plessis – The Founder of Option Alpha

One thing that I really like about Kirk’s teaching style is that he is very non-promotional. Many other trading educators tend to promote their own products constantly, especially in their free content. Sometimes the free content of others isn’t even anything else than a promotion for their paid services.

This isn’t the case at Option Alpha. The free educational content and courses actually offer value.

Generally speaking, Kirk seems like a very humble and honest guy.

Is Option Alpha for You?

If you want to learn how to trade options, then yes, Option Alpha is for you. There is absolutely no risk in trying their free courses and other education.

The real question is, is the lifetime membership for you?

I can’t really answer that question for you. This totally depends on where you are at. If you are just starting out and getting into options, you could start out with the free membership instead.

However, if you are further down the road and are already familiar with options, then you should consider the lifetime membership. It allows you to take your options trading to the next level. You will be able to backtest your strategies, learn from Kirk directly, ask questions very regularly, optimize your trading strategy and much more. But once again, this depends on how you value this offer. I now told you my opinion about it. But it is you that has to make the decision.

Short Recap

I do recommend the free membership.
I do not recommend the pro membership (because it’s an alert membership).
I do not recommend the elite membership (because compared to the lifetime membership it is very pricey)
I do recommend the lifetime membership.

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