Find the Best Trade Ideas with Unusual Options Activity!
It's valuable to know what the Top 1% are trading.
Incredibly, You can see it in Real-Time.
The Unusual Options Activity Scanner is a tool we use to find the Best Trade Ideas in the market on any given day. It's how we find the trades being done by the Top 1%. To be clear, it's only the start of our process that includes Options Analysis combined with Technical Analysis and Event-Driven Analysis.
If you know what you're looking for and understand the logic behind the process thoroughly explained in 3 Steps to Profit, then you'll understand why this is ... a Gold mine!
Find the Best Trade Ideas with Unusual Options Activity!
It's valuable to know what the Top 1% are trading.
Incredibly, You can see it in Real-Time.
The Unusual Options Activity Scanner is a tool we use to find the Best Trade Ideas in the market on any given day. It's how we find the trades being done by the Top 1%. To be clear, it's only the start of our process that includes Options Analysis combined with Technical Analysis and Event-Driven Analysis.
If you know what you're looking for and understand the logic behind the process thoroughly explained in 3 Steps to Profit, then you'll understand why this is ... a Gold mine!
Unusual Options Activity Scanner
Among a Sea of Trades, the Best Trade Ideas are Right Here!
The Unusual Options Activity Screener pulls data from Trade Alert.
A. These are 3 Filters: Asset Type, Market Capitalization, and Implied Volatility Change. For Market Capitalization, Small Cap is under $2Bn. Mid-Cap is $2Bn to $10Bn. Large Cap is greater than $10Bn. Also note that the filters are stackable. Currently, there are no ETFs.
B. In the Stocks area, click on the Ticker to see the New Options Chain for that stock.
C. “Div” stands for Dividend. This column shows a “D” one business day before a stock goes Ex-Dividend. This helps you eliminate any flow related to “Dividend Options Trades” done by professionals.
D. In the Options Area, Calls and Puts offer a percentage breakdown of the total Volume traded on the day. For example: In SFIX, 39% of the 11,229 options were Calls. The rest were Puts. Keep in mind that this gives no indication of whether the options were bought or sold.
E. “RV” is Relative Volume weighted by time. It's the relationship between today’s volume and the 1-month average of daily total options volume for that stock during the same time period. For example: If at 11:00am the RV = 3.0, then today’s volume is 3x greater than the average volume at 11:00am over the last month. Most screeners mismatch Total Average Daily Volume versus Total Volume Today.
F. "IV" is the 1-month Implied Volatility that is extrapolated between available expirations.
G. “Chg” is the change in IV from the previous day.
H. The UOA screener filters down to less than or equal to 200 stocks each day. It draws from a pool of the stocks with the most actively traded options. This is done to increase relevance and decrease costs related to liquidity risks of the options.
I. The screener is updated every 10 minutes after the opening bell.
Unusual Options Activity Scanner
Among a Sea of Trades, the Best Trade Ideas are Right Here!
Click on image to enlarge
The Unusual Options Activity Screener pulls data from Trade Alert.
A. These are 3 Filters: Asset Type, Market Capitalization, and Implied Volatility Change. For Market Capitalization, Small Cap is under $2Bn. Mid-Cap is $2Bn to $10Bn. Large Cap is greater than $10Bn. Also note that the filters are stackable. Currently, there are no ETFs.
B. In the Stocks area, click on the Ticker to see the New Options Chain for that stock.
C. “Div” stands for Dividend. This column shows a “D” one business day before a stock goes Ex-Dividend. This helps you eliminate any flow related to “Dividend Options Trades” done by professionals.
D. In the Options Area, Calls and Puts offer a percentage breakdown of the total Volume traded on the day. For example: In SFIX, 39% of the 11,229 options were Calls. The rest were Puts. Keep in mind that this gives no indication of whether the options were bought or sold.
E. “RV” is Relative Volume weighted by time. It's the relationship between today’s volume and the 1-month average of daily total options volume for that stock during the same time period. For example: If at 11:00am the RV = 3.0, then today’s volume is 3x greater than the average volume at 11:00am over the last month. Most screeners mismatch Total Average Daily Volume versus Total Volume Today.
F. "IV" is the 1-month Implied Volatility that is extrapolated between available expirations.
G. “Chg” is the change in IV from the previous day.
H. The UOA screener filters down to less than or equal to 200 stocks each day. It draws from a pool of the stocks with the most actively traded options. This is done to increase relevance and decrease costs related to liquidity risks of the options.
I. The screener is updated every 10 minutes after the opening bell.
