25/12/ · Options trading is a type of investing which allows investors to see quick and effective results with limited investments. Trading in options requires a relatively low upfront financial commitment compared to regular stock trading, and there is the potential for incredibly high returns on investment as a result. However, it’s not exactly easy money – options trading also comes with its fair share of risks 16/05/ · The service does a nice job with visualization and offers customizable scans and alerts to help put actionable trading information in front of traders. But it isn’t cheap, so Optionsonar is best suited for options traders who can do the legwork required to go from data on unusual activity to profitable trading.4/5 I didn't include true personal information because Options Trade King is that toxic that I didn't feel comfortable providing that. Trustpilot requested invoices and proof that I paid for their services, and I promptly provided my invoices that I received from OTK. Most of the 5 star reviews here are nonsense and so are his call outs below/5()
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Home » Service Reviews » Optionsonar Review — A Platform For Monitoring Unusual Options Activity. Posted by Dave May 16, Service Reviews. Optionsonar is a platform for monitoring unusual options activity. Is Optionsonar right for you? Read our thorough review of Optionsonar and get all the information you need to decide for yourself.
The service does a nice job with visualization and offers customizable scans and alerts options trade review help put actionable trading information in front of traders.
Optionsonar offers a free plan tier, called Preview, that delays data by three hours and limits you to keeping three stocks on your watchlist. From there, you can get additional types of options scanners and alerts with the higher-tier plans. Optionsonar offers a few unique features that can help traders discover options trading opportunities. Scanners for options trading activity are at the heart of Optionsonar. The first and most prominent scanner that Optionsonar includes is one for net unusual options activity.
This covers the major market-wide ETFs as well as the FAANG stocks to give traders a quick overview of the market.
Several other versions of this scanner are available, focusing on unusual activity among options contracts that are expiring within one week, options trade review, one month, or longer. There are also scanners for new and opening positions and for options sweeps. These are listed in tabular form, but they can be easily filtered by stock or by puts and calls.
Both scanners clearly display the quantity of options traded, making it easier to find extremely large trades within the unusual options activity data. The platform also includes an options block trade scanner.
This is much more visual, as it is color-coded by moneyness and offers a bar showing the size of the block trade relative to all activity around the traded contract. If you want more precision in searching for unusual options activity, Optionsonar also provides a dedicated screener with several adjustable parameters, options trade review.
You can adjust your search by days to expiration, options trade review, total amount traded in dollars or contracts, and by whether trades were in, at, or out of the money. You can save any screen to your account for future use or as the basis for alerts, options trade review. The results are visual, which makes it easy to briefly investigate unusual trading activity without leaving the overall list, options trade review.
You can also save any individual trades to your account to return to later or quickly add stocks to your watchlist from the results list. Alerts are fairly customizable. They can be applied market-wide or limited to specific stocks and ETFs. You can limit by the time remaining to expiration, moneyness, total amount traded, and more. You can also create alerts directly from the order flow screener.
You can options trade review a variety of alert types, options trade review text alerts, email alerts, options trade review, and push notifications in your browser.
some of which require higher-level subscriptions. The alerts are particularly helpful if you are interested in specific types of options trades i. OTM block trades, short-term sweeps, etc. The watchlists function much like the standard scanners that Optionsonar provides.
You options trade review quickly see the net unusual option activity and find a table of all unusual options trades made for the stocks you follow. Just note that you can only have one watchlist, although you are able to filter trades by volume and expiration date.
The watchlist provides a helpful summarization of options trading activity in stocks you may trade regularly. While the options scanners and alerts discussed above are the stars of the platform, Optionsonar has a few other unique features.
It is clear that the platform is actively developed as new features are released regularly. They also have a SPAC options trade review scanner, which offers a similar appeal, options trade review. These additional features are particularly useful for traders who like to stay on top options trade review short-term market trends as most options traders do.
The only areas of the platform that are customizable are the order flow screener, the watchlist, and the alerts, and even these are only minimally flexible. That said, Optionsonar is easy to navigate and those tools have the parameters that most traders need. The simplicity is actually a selling point. The platform is fast and easy-to-use. That in itself is important since Optionsonar gives traders the options to slice into order activity from several options trade review angles.
While it would be nice to see more customization in the dashboard and to have the ability to create multiple watchlists, Optionsonar does a nice job with visualization and data presentation. Optionsonar is best for options traders who can actually use unusual options activity data to turn a profit.
The platform stops short of helping you investigate the potential motivations underlying large options orders, so traders will need to do some significant legwork to safely trade based on Optionsonar data, options trade review. Optionsonar can also be used for developing longer-term trade ideas since it enables monitoring trading activity by expiration date. But, there are other, cheaper services dedicated to this purpose. Overall, Optionsonar is an effective and easy-to-use options scanner that is priced fairly.
You can test out the platform for free and upgrade as needed. Dave has been a part-time day trader and swing options trade review since when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, options trade review, and courses.
He continues to test and review new day trading services to this day. Your email address will not be published. Home » Service Reviews » Optionsonar Review — A Platform For Monitoring Unusual Options Activity Optionsonar Options trade review — A Platform For Monitoring Unusual Options Activity Posted by Dave May 16, Service Reviews.
Optionsonar Review. Review Contents What Is Optionsonar? Pros Cons. Try Optionsonar for Free GET STARTED NOW. Previous Moomoo vs. Webull — Which Is The Better Brokerage? Next Oxford Club vs. Motley Fool — Which Is The Better Stock Picking Service? About The Author. Dave Dave has been a part-time day trader and swing trader since when he first options trade review obsessed with the markets.
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16/05/ · The service does a nice job with visualization and offers customizable scans and alerts to help put actionable trading information in front of traders. But it isn’t cheap, so Optionsonar is best suited for options traders who can do the legwork required to go from data on unusual activity to profitable trading.4/5 The New Options Chain wants to give you a clue if trading options gives you an advantage compared to trading the underlying stock. Sometimes it is just more beneficial to trade the underlying stock instead of options. Using the new options chain gives you an 81% This is my first review. I enrolled (lifetime access) with them in Scott Bauer's Options Volatility room back in end of I wanted to learn options trading for 15 years before that but nothing seemed to be satisfactory until I heard Scott's advertisement on WMAL radio station.5/5()
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