Yeah but if that original service costs ten times more, this could be a bargain (legalities aside)
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Chasing stocks with massive call options going off.
- Thread starter TrailerParkTed
- Start date
True, legality aside
Yeah but if that original service costs ten times more, this could be a bargain (legalities aside)
BBIG caught my eye with the 33,300 June 18 $5s going off. Same thing happened with RIDE and UXIN trades I posted earlier.
I also have a script scanning for unusual option activity and I can confirm a massive CALL buying on BBIG for strikes 2.5 and 5, expiring May through October. However, it should be also noticed that the heavily bought CALL 5 expired last Friday way out of the money. So the question is: how much these signals are trustable?
Script based on what data? You mean scan within some platform like TOS?I also have a script scanning for unusual option activity
Script based on what data? You mean scan within some platform like TOS?
No. I buy the Times&Sales data from a vendor (iqfeed). Then, I scan them for unusual option activity.
46,000 June $5 pounding the offer all day as IV climbed until day traders starting hitting the $0.30 bid last hour. The same was happening with two other stocks I bought with on Friday with calls on strikes way out. I found MUDS last month watching a strike acting up when price was cheap. Paid .4-.75, some hit 7x and than Eisner says MUDS is a NFT play after price jumped $4. Last month I mentioned buying RAIL(Look it up) at $4.80 the $5s and $7s going bananas. In June I am thinking of posting a $3500 account I turned in to $97,000 YTD to show the merits.I also have a script scanning for unusual option activity and I can confirm a massive CALL buying on BBIG for strikes 2.5 and 5, expiring May through October. However, it should be also noticed that the heavily bought CALL 5 expired last Friday way out of the money. So the question is: how much these signals are trustable?
$300/month for a tool that makes me money on a consistent basis and saves me a lot of time from researching qualifies in my mind as a worthwhile expenditure.I thought this adjective only pertains to profit. Since when are high costs impressive? Most likely any discord channel that charges money for trading related information just recycles a paid feed from somewhere and publishes it to the paying masses.
46,000 June $5 pounding the offer all day as IV climbed until day traders starting hitting the $0.30 bid last hour. The same was happening with two other stocks I bought with on Friday with calls on strikes way out. I found MUDS last month watching a strike acting up when price was cheap. Paid .4-.75, some hit 7x and than Eisner says MUDS is a NFT play after price jumped $4. Last month I mentioned buying RAIL(Look it up) at $4.80 the $5s and $7s going bananas. In June I am thinking of posting a $3500 account I turned in to $97,000 YTD to show the merits.
Congratulations. We all believe you are a great trader: no need to post your account. However, what we are trying to understand here is how to discriminate between 'good' signals (the ones you posted) and the 'fake' ones, (like the one I posted). In my experience, the latter ones largely outnumber the good ones and I have not found a good way to say which is which. To tell you the truth, even the $300/month services, while duly posting the whole unusual option activity, don't go a long way in telling you which trades have a greater change to be successful.
Of course, agree. But it's like advertising an Audi or Porsche at the local dollar store in the strip mall. If the service was so splendid the provider would most likely not have to tout his wares on discord. Exceptions exist of course... Just a general observation.
$300/month for a tool that makes me money on a consistent basis and saves me a lot of time from researching qualifies in my mind as a worthwhile expenditure.
Of course not, else you would be charged 30k per month, not 300, and I bet what you get for 300 is already overpriced.
Congratulations. We all believe you are a great trader: no need to post your account. However, what we are trying to understand here is how to discriminate between 'good' signals (the ones you posted) and the 'fake' ones, (like the one I posted). In my experience, the latter ones largely outnumber the good ones and I have not found a good way to say which is which. To tell you the truth, even the $300/month services, while duly posting the whole unusual option activity, don't go a long way in telling you which trades have a greater change to be successful.