Benzinga Options Review (2023): Is Benzinga Reputable?

Benzinga Options Review (2023): Is Benzinga Reputable?

Are you considering subscribing to Benzinga Options for your options trading needs? With so many financial products and services available, knowing which ones are reputable and trustworthy can take time and effort. 

In this article, we’ll take a closer look at Benzinga Options and provide an in-depth review of the platform. We’ll examine its features, pricing, and overall reputation to help you determine if it’s the right choice. 

Whether you’re a seasoned options trader or just getting started, this review will provide you with the information you need to make an informed decision about Benzinga Options.

What are Benzinga’s Options?

Benzinga Options is a trading platform that provides options traders with market insights and various tools, such as real-time alerts, trade ideas, and an options trading community. 

They offer real-time market analysis, educational resources, and other tools to help traders make more informed decisions. The platform also offers a mobile app that allows users to stay connected and trade on the go. 

As an options trader, having access to up-to-date pricing data and expert recommendations is crucial. Benzinga’s options newsletter offers a convenient solution by providing traders with essential information and suggestions for the day’s top stocks and options. Instead of researching which stocks to trade, subscribers can rely on the expertise of the newsletter’s team. 

For active traders who want to stay informed of the latest market news and movements, subscribing to Benzinga Options, as part of the Benzinga Pro news platform, is a great way to keep on top of the market.

Benzinga Options Features

Note: Benzinga Options comes with additional features that are exclusive to subscribers. One of the subscriber-only features is the Benzinga Options Mentorship, which includes the Pro Essential features listed below.

Inner Circle Chat Room Access

As a member of Benzinga’s inner circle chat room, you will have the opportunity to connect with a vetted community of experienced traders. The chat room provides an open platform to interact and connect with a diverse group of professional traders, providing an opportunity to expand your network and gain valuable insights.


The Benzinga Options package includes mentorship from Nic Chahine, an expert in options trading. As a subscriber, you will benefit from Nic’s guidance, which will aid in refining your trading strategies and provide valuable trading ideas and recommendations tailored to current market conditions. 

Nic’s expertise in options trading will be a valuable asset to help you navigate the market and make informed decisions.

Options Picks

As a subscriber of Benzinga Options, you will have access to six new options recommendations monthly. This feature allows you to explore different investment options and see which ones have been carefully selected by the experts at Benzinga. With a wide range of choices, it becomes easier for active traders to identify profitable investment opportunities.

Market Overview And Trading Strategy

With the market overview feature, it becomes effortless to identify stocks with high trading activity. The developers modeled this tool after the successful trading method of Nic Chahine, an expert in the field. 

The market overview serves as a helpful tool that helps traders better understand the industry, which can be beneficial in making informed decisions. It’s an excellent way to gain insight into the market trends and identify opportunities that align with Nic’s methods.

Benzinga Pro Essential Features

Advanced News Feed

Benzinga Pro’s advanced news feed feature allows you to filter and customize your news based on categories, watchlists, market cap, and other criteria. This feature allows you to personalize your notifications and alerts, including the option to receive email alerts, desktop alerts, and audio news alerts. 

Audio news alerts are particularly beneficial for day traders who spend significant time monitoring multiple charts, level 2 displays, or scanners. It’s a convenient way to stay on top of the market and receive important news updates without taking their eyes off the screen.


The scanner feature in Benzinga Pro was designed specifically for day traders. Day trading is the practice of buying and selling stocks within the same trading day. Success in day trading largely depends on the ability to make quick and decisive decisions. 

With Benzinga Pro’s scanner, day traders have access to real-time market data and insights that enable them to make informed and prompt judgments, which is crucial for success in the fast-paced world of day trading.


The Benzinga Pro Essential plan includes a feature called “squawks,” which allows customers to listen to critical financial news in audio format. This feature is ideal for individuals who prefer to listen to information rather than read it online. 

The Squawks feature also offers the great advantage of filtering out irrelevant real-time news and providing only the most critical financial information, making it a time-efficient tool for keeping up with the market.

Unusual Options Activity

Benzinga Pro subscribers can access unusual options activity alerts for an additional cost of $28 per month. This feature provides real-time alerts for block trades and sweeps, which users can view in a calendar format to track the changes. It enables traders to stay up-to-date with the latest market trends and identify potential opportunities, making it an essential tool for traders who want to stay ahead of the game.


The calendar feature in Benzinga Pro offers traders a wide range of applications. It allows you to research historical events and their impact on the market, reviews past unusual options activities, and check upcoming earnings schedules or recent earnings reports by stock symbol. This feature is a valuable tool for traders who want to stay informed of market trends, identify potential opportunities, and make more informed decisions.


The activity monitor feature in Benzinga Pro enables traders to keep track of multiple parameters, including block trades and stock points. This feature lets you keep a close eye on crucial market activity and the movement of stocks by monitoring block trades in real time. It’s a powerful tool that can help traders stay up-to-date on market trends and make more informed decisions.

Other Features You Can Get With Benzinga Pro

Benzinga Pro is a live market news platform that will provide you with the other financial news, trading ideas, primary live news feed, trading strategies, etc., that you will need to become a much more effective and informed trader.

  • Alerts: Benzinga Pro’s alerts feature offers customers a range of options for notifications, including desktop, email, and sound alerts. It also enables users to customize the alerts by differentiating between different types of news, making it easier to identify and prioritize essential news updates. This feature offers flexibility and convenience to stay on the market and make informed decisions.
  • Real-Time News: The most valuable component of Benzinga Pro is its ability to deliver real-time news updates. Traders using the platform have access to the most recent financial news as soon as it is published, allowing them to stay informed and make quick decisions. Its real-time news feature goes beyond just providing headlines and includes trade alerts and an audio squawk box, enhancing the overall experience for traders.
  • News Desk: The Benzinga news team offers support to its users by providing answers to any questions they may have about a specific stock. To make the most of this feature, select the news sources and stories most relevant to your needs. This feature is a great way to stay informed and make informed decisions by having access to a dedicated support team who can provide you with the information you need.
  • Market Cap: To effectively monitor multiple stocks, it is essential to understand their market capitalization clearly. Knowing a stock’s market cap can provide valuable insights into its relative size and value and help you make more informed decisions in real-time. This knowledge is crucial for any trader looking to track and analyze multiple equities.
  • Screener: Investors and swing traders will find the stock screener feature helpful. It is a fundamental stock screener that allows users to filter stocks based on various criteria, such as financial ratios, dividends, and company performance. This feature is a valuable tool that can help investors and traders identify stocks that meet their investment criteria and make more informed decisions.

Benzinga Options Pricing

Benzinga Pro offers simple and transparent pricing plans for its users. You can select from three plans: the Basic plan for $99 per month, the Essential plan for $147 per month, or the Options Mentorship plan for $347 per month. You can save up to 34% by opting for an annual subscription. You can also start with a free trial to test the platform before committing to a subscription.

If you are new to news streaming services, starting with the Basic plan is recommended, which is the most cost-effective option while still providing access to a wide range of tools. This choice will also give you time to evaluate the platform and determine if it meets your needs.

For more experienced traders focused on news and fundamentals, the Essential plan may be a better choice. This plan provides additional features such as audio squawk and sentiment indicators. It also offers an add-on for unusual options activity alerts for $27.97 per month.

The Options Mentorship plan is best suited for traders looking to enter the world of options trading. It includes access to a trading chat room led by Nic Chahine and comes with the unusual options activity add-on.

Conclusion: Is Benzinga a Scam?

No, Benzinga Options is not a scam. It is possible to make money with the service, but it is more complex than advertised. It’s essential to remember that any financial product, especially in trading, comes with a significant amount of risk. 

While the potential for significant gains exists, it is essential to be prepared for potential losses and have the financial means to weather them. It’s also important to have realistic expectations and understand that success is not guaranteed.

Previous Post
Can You Add Tron Network to MetaMask?

Can You Add Tron Network to MetaMask?

Next Post
Best Crypto Press Release Distribution Platforms

Best Crypto Press Release Distribution Platforms

Related Posts