There could be a number of reasons you're looking for an index options advisory service, but I suspect the primary one would be to find some guidance about the future direction of the major stock market indices, with a view to trading them.
The next question of course would be, on what exchanges and which countries would you be looking for your index options advisory service? My suggestion is, go for the place that has the largest market in the world and the most liquid index options.
That would have to be the USA. It is not only the place where you'll find the most indices to trade, but the "American Style" options trading system means that you can close out your positions at any time up until expiration date - unlike their European brothers across the Atlantic.
Since the USA is the largest stock market in the world, it stands to reason that it is also where you will find a more plentiful supply of index options advisory service providers on offer.
Now we need to decide which index options we prefer to focus on. Here I would suggest, that as far as the advisory aspect goes, you look for information on the Dow Jones, the Nasdaq 100 and the S&P500 but as far as your actual trading goes, you turn to the Exchange Traded Funds (ETF's) whose portfolio of shares attempts to mimic the indexes.
The options are much cheaper here and the open interest is spectacularly higher. Not only that, but whereas the index options themselves are European Style - i.e. cash settled at expiration date and can't be closed out until then, the ETF's are like any other stock and trade "American Style".
Here are your recommended ETF's:
QQQ - tracks the Nasdaq 100 index
OEX - tracks the S&P100 index
SPY - tracks the S&P500 index
DIA - tracks the Dow Jones Industrial Average
IWM - tracks the Russell 2000 index
EEM - tracks the Emerging Markets Index
There are a number of services available, but one that I have found most useful is the XTR ProTrader membership. It's a significant upgrade from a previous service called "The Daily Market Advantage".
It not only provides a twice daily commentary on the major indexes, but
also includes a whole training area with forum-like "comment" opportunities where you can have your questions answered. Almost as good as private mentoring.
David Vallieres' index advisory membership is called XTR ProTrader Signals. The signals are mainly focused on the Dow Jones and S&P500 indexes, but they have an uncanny accuracy.
What's even better is, that you can join for just $1 for a 7 day trial and get full membership privileges. If you don't want to continue, they've made it easy to cancel.
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