I use this tool by far the most. Here is where I identify all of the big moving transactions happening in the market. I generally look for Strikes that are OTM and are weekly or bi-weekly expirations, this shows urgency.
As promised, here is a thread on how I use @unusual_whales to help me find actionable plays.
Please note that these are TOOLS, they are not a magic perfect tool for you to get rich quick. There will be winners, there will be losers.
@snorlax_support
I use this tool by far the most. Here is where I identify all of the big moving transactions happening in the market. I generally look for Strikes that are OTM and are weekly or bi-weekly expirations, this shows urgency.
Emoji's - All selected besides Bid Side, ETF, Monthly, and Leaps.
EXPIRY - Nearest 4-5 Dates
Ask Side - ON
Bid Side - OFF
Exclude Deep ITM - ON
I start by looking at the 1K, 5K, 15K, and 30K to get a good feel for the volume for each expiry and strike price. I then go to the history to look at the options breakdown for each day. I mainly focus on Call Prem %, anything over 65%
EX. $MU
This isn't a lesson on TA, but when I'm charting im looking for Supply/Demand zones, Trend lines, Candlestick patterns - various time frames, and support/resistance levels (Yes, these are different from Supply/Demand) that are confluent with what im seeing from flow
After all this is done I go through Social media (mainly twitter) as well as various news outlets looking for things that can give me any indication on whether the ticker i'm looking at is trending / has any reason to be moving quickly near term.
Once all this is done, I take all the information i've gathered and put together a thesis for my trade. I plan it in great detail and I NEVER deviate from the plan (very important). This outlines areas to enter and exit as well as when to scale in / out.
Big shout outs go to @YourBoyMilt @SharkofTraders @Just2Traders @tradinggrounds for being great resources in the UW community! If anyone needs further help / has questions my DM's are open. Happy Trading!
More from Options
If you're looking for some content to help build upon your flow skills, here are 3 threads I created that go over how I hunt the flow to find winning trades 🌊
https://t.co/MVK4lV4ZmK
https://t.co/33PH8ILV9C
https://t.co/MjP7Dtzqkm
@unusual_whales @snorlax_support
https://t.co/MVK4lV4ZmK
https://t.co/33PH8ILV9C
https://t.co/MjP7Dtzqkm
@unusual_whales @snorlax_support
As promised, here is a thread on how I use @unusual_whales to help me find actionable plays.
— SpyGuy \U0001f575\ufe0f\U0001f3fb\u200d\u2642\ufe0f (@SpyGuyTrading) August 26, 2021
Please note that these are TOOLS, they are not a magic perfect tool for you to get rich quick. There will be winners, there will be losers.
@snorlax_support
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✨📱 iOS 12.1 📱✨
🗓 Release date: October 30, 2018
📝 New Emojis: 158
https://t.co/bx8XjhiCiB
New in iOS 12.1: 🥰 Smiling Face With 3 Hearts https://t.co/6eajdvueip
New in iOS 12.1: 🥵 Hot Face https://t.co/jhTv1elltB
New in iOS 12.1: 🥶 Cold Face https://t.co/EIjyl6yZrF
New in iOS 12.1: 🥳 Partying Face https://t.co/p8FDNEQ3LJ
🗓 Release date: October 30, 2018
📝 New Emojis: 158
https://t.co/bx8XjhiCiB
New in iOS 12.1: 🥰 Smiling Face With 3 Hearts https://t.co/6eajdvueip
New in iOS 12.1: 🥵 Hot Face https://t.co/jhTv1elltB
New in iOS 12.1: 🥶 Cold Face https://t.co/EIjyl6yZrF
New in iOS 12.1: 🥳 Partying Face https://t.co/p8FDNEQ3LJ
So it's now October 10, 2018 and....Rod Rosenstein is STILL not fired.
He's STILL in charge of the Mueller investigation.
He's STILL refusing to hand over the McCabe memos.
He's STILL holding up the declassification of the #SpyGate documents & their release to the public.
I love a good cover story.......
The guy had a face-to-face with El Grande Trumpo himself on Air Force One just 2 days ago. Inside just about the most secure SCIF in the world.
And Trump came out of AF1 and gave ol' Rod a big thumbs up!
And so we're right back to 'that dirty rat Rosenstein!' 2 days later.
At this point it's clear some members of Congress are either in on this and helping the cover story or they haven't got a clue and are out in the cold.
Note the conflicting stories about 'Rosenstein cancelled meeting with Congress on Oct 11!"
First, rumors surfaced of a scheduled meeting on Oct. 11 between Rosenstein & members of Congress, and Rosenstein just cancelled it.
He's STILL in charge of the Mueller investigation.
He's STILL refusing to hand over the McCabe memos.
He's STILL holding up the declassification of the #SpyGate documents & their release to the public.
I love a good cover story.......
The guy had a face-to-face with El Grande Trumpo himself on Air Force One just 2 days ago. Inside just about the most secure SCIF in the world.
And Trump came out of AF1 and gave ol' Rod a big thumbs up!
And so we're right back to 'that dirty rat Rosenstein!' 2 days later.
At this point it's clear some members of Congress are either in on this and helping the cover story or they haven't got a clue and are out in the cold.
Note the conflicting stories about 'Rosenstein cancelled meeting with Congress on Oct 11!"
First, rumors surfaced of a scheduled meeting on Oct. 11 between Rosenstein & members of Congress, and Rosenstein just cancelled it.
Rep. Andy Biggs and Rep. Matt Gaetz say DAG Rod Rosenstein cancelled an Oct. 11 appearance before the judiciary and oversight committees. They are now calling for a subpoena. pic.twitter.com/TknVHKjXtd
— Ivan Pentchoukov \U0001f1fa\U0001f1f8 (@IvanPentchoukov) October 10, 2018