Is Market Chameleon Legit?

Jeremy BiberdorfBy: Jeremy Biberdorf

March 7, 2023March 7, 2023

Market Chameleon Logo

The stock market is a vast and complex world that can be overwhelming for new investors. It’s essential to find reliable resources and tools to help you navigate the landscape and make informed decisions. Market Chameleon is a web-based trading research platform that claims to simplify stock analysis and options trading.

However, with so many services promising the same thing, it can be challenging to determine which ones are legitimate. In this blog, we’ll give you an honest review of Market Chameleon and help you decide if it’s a service worth investing in. So, let’s dive in and explore the world of Market Chameleon.

For a more detailed analysis of Market Chameleon check out our full review.

Learn More About Market Chameleon

Company Background

Market Chameleon was founded in 2007 by William McBride, and is located in Philadelphia, Pennsylvania. With over a decade of experience in financial markets, Market Chameleon has established itself as a credible options research platform that provides valuable insights for investors and traders.

The company was created to offer tools and data that are not readily available to individual investors or to advisors and research firms with limited resources. Market Chameleon offers these insights with a focus on the three major time horizons: Forward-Looking, Present, and Historical.

As a company that has been in the options trading industry for over a decade, Market Chameleon has gained a reputation for being a reliable and trusted source of options information. Its longevity in the market is a testament to the credibility and reliability of its services.

Market Chameleon has a goal to be the premier provider of options information, using both stock fundamentals data as well as options analytics to provide better insight for those who wish to make informed investment decisions. Its combination of option analytics and stock fundamentals in the same easy-to-read displays, with both tabular and graphical views, provides swift, actionable trading insights.

Furthermore, Market Chameleon offers a lower cost, easy-to-use solution with minimal market delay compared to other data services which charge high fees for options information. Additionally, Market Chameleon provides premium subscribers with a unique opportunity to download a wide variety of data into industry-standard spreadsheets such as Excel, with a single click.

External Market Chameleon Reviews & Ratings

Newton Advisor4.3

Market Chameleon: Key Features

At its core, Market Chameleon is an options research platform designed to help traders develop effective strategies and uncover new trading opportunities. Some of the key features of this platform include:

  • Stock and options screeners: These tools allow you to quickly sift through mountains of stock market data to identify new trade opportunities based on criteria such as market cap, price, and volume.
  • Earnings reports: Market Chameleon provides comprehensive earnings reports and calendar features that help you understand how stock prices react to earnings announcements.
  • Customizable watchlists: The platform’s customizable watchlists allow you to track the stocks and options that are most important to you, with data and analysis tailored to your specific needs.
  • Newsletters: Market Chameleon offers a range of free newsletters that provide earnings alerts, day trading ideas, and more.
  • Unusual options volume scanner: This tool helps you identify stocks that are seeing higher-than-expected options trading volume, which can be a sign of potential trading opportunities.
  • Options chain: The platform’s options chain feature provides a comprehensive view of all available options contracts for an individual stock, including pricing and other important details.
  • Powerful options strategies: Market Chameleon offers a wide range of options strategies to help traders maximize their profits and limit downside risk.

Competitive Pricing

Market Chameleon offers a competitive pricing structure with several tiers to choose from, based on your specific needs and budget. The free starter subscription provides a limited range of tools and articles, along with pre-set screens for market research and trade ideas. For those primarily interested in stock market research, the Stock Trader subscription is available for $39 per month and includes a range of stock research tools as well as some basic options breakdowns.

If you’re an options trader, the Options Trader subscription is a great option. For $69 per month, it includes every options feature available on the platform, as well as some stock research tools (excluding dividend reporting). For those interested in trading based on earnings reports, the Earnings Trader subscription includes most of the options tools from the Stock Trader Plan, along with some earnings-based stock and option screeners. This plan costs $79 per month.

For those who want it all, the Total Access subscription provides access to all the features on the Market Chameleon site. This plan is priced at $99 per month, making it an affordable option for experienced options traders who need access to a wide range of tools for options strategy generation, price reactions, unusual options volume scanning, and much more.

With its competitive pricing structure and wide range of options and stock research tools, Market Chameleon is an excellent choice for both individual investors and financial advisors looking to make informed, profitable trading decisions.

Final Thoughts – Is Market Chameleon Legit?

Market Chameleon is a powerful and reliable market research tool that offers traders a wide range of features and tools to help them make informed investment decisions. The platform’s options research tools are particularly impressive, and the earnings report pattern tools are second to none.

While the website may be a bit overwhelming as a beginner, and there is no mobile app, the sheer number of tools and features available more than make up for these minor issues. And with a 7-day free trial and five different pricing tiers to choose from, Market Chameleon is an affordable and accessible platform that is suitable for both novice and experienced traders alike. We can say with confidence, Market Chameleon is worth checking out.

Whether you’re an options trader, a stock trader, or just someone looking to explore trading opportunities, Market Chameleon has something for everyone.

So, is Market Chameleon legit? Yes, absolutely. This market research tool is a game-changer for individual investors, and it is definitely worth exploring if you’re looking to take your trading strategies to the next level. Click here to check out Market Chameleon today.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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