๐Ÿณ Watchlists + @unusual_whales ๐Ÿณ

Unusual Whales is an incredible tool that can take anyone's trading to the next level. It presents a ton of data, which can often be hard to synthesize.

This thread will provide a simplistic approach to analyzing and utilizing flow data. ๐ŸŒŠ

1. Where To Start

Start with the "Hot Chains & Tickers" page. Not only does this display the tickers with the most option volume, but it also shows the most active chains. Better yet, you can filter by sector and market cap.

Below are some specific filter examples:
2. Analysis

The "Intraday Analyst" page is your best friend here. The first thing I do is scroll down to the "Most Active Chains" table.

I'm looking for short-term exp. OTM contracts with heavy volume that look "unusual."

Examples are included below:
$LCID - Closed Wed. 11/3 ~$36.50. 40c weeklies required a 10% move in 2 days to go ITM. $LCID closed at $41.80 on Friday.

$AMD - Closed Tues. 11/2 ~$127.60. 130c got hit hard. Closed the week over $136.

$NVDA - Closed Thurs. 10/28 ~249.40, 250c ๐Ÿ”จ. Closed Friday ~255.70.
Weekly OTM strikes with heavy volume can lead to huge moves. Now what makes these so unusual?

- OTM with little time to exp. = urgency
- Heavy volume on a certain strike can mean volatility in that area = good for options
- Vol. much greater OTM than ATM = big move possibility
Now it is crucial to note that volume includes both buying and selling. Suppose much of the action on a chain is selling volume. This would be bearish. However, in short-term options trading, you need volatility. Volume is what you want.

Read: https://t.co/jaWI8lo1tX
Staying on the "Intraday Analyst" page:

This is right above the previous table. What strikes are being targeted for 11/12 exp. on $LCID? I can see that 40c had heavy action. Friday 11/5 closed at almost $42 so that makes sense.

But the 45c volume and OI grabs my attention.
I can confirm this by checking the most active chains. The highest volume OTM option on Fri. 11/5 for 11/12 exp. was in fact the 11/12 45c.

Going into Monday 11/8, I can logically have $LCID 45c on my watchlist without even looking at the chart yet.
3. Targeted Flow Fliters

If I'm looking to play weeklies, I'll simply filter to only weekly expiry. Then I'll toggle the minimum premium in the "Premium Range" based on the stock. I'll focus mainly on the "๐Ÿ‚ V ๐Ÿป Prems" chart.

Min. premium examples in order: 100k, 150k, 200k.
In each of these three situations, bullish premiums are over 60%, which is a bullish sign. Being concerned with the short-term move (weekly), this process has been the most simple and understandable when it comes to recent large orders.
4. Conclusion

No tool is a crystal ball. Unusual Whales gives you the opportunity to view, analyze, and customize more data than you could ever ask for. It will take a day or two to figure everything out, but it can be very rewarding.
Unusual Whales is a game-changer when it comes to catching big moves BEFORE they happen.

These tools empower retail traders by enabling us to follow the flow. ๐ŸŒŠ

To subscribe (and support me), click the link below! Or use code: adamslivertrade

๐Ÿณ๐ŸŒŠ๐Ÿณ๐ŸŒŠ
https://t.co/rqAUOJPROA

More from Tradingthread

Due Diligence Thread ๐Ÿšจ๐Ÿ‘‡

In this thread I will be revealing to you guys my step by step process on how I do my due diligence on any ticker along with the process of how I find good setups and what resources and websites do I use to do it.

Step 1: Finding Good Chart Setups (continued)

Attached below is my personal finviz screener settings which I use to look at charts and how I
change some of the settings to my own preferences.
Site Reference:
https://t.co/liI2ktnHhz

PS: Sometimes I don't even select any pattern


My favorite bullish chart setups that I personally look out for initiating swing positions:
1-) Falling Wedge Pattern
2-) Ascending Triangle Pattern
3-) Fish Hook / Oversold Bounce Pattern
4-) Channel Up Pattern
5-) Descending Triangle Breakout Pattern ( Towards Upside)

Step 2: Checking for Offerings

Once I have found a good chart, with a high risk reward ratio, the immediate first thing that I
do is to look out for any signs of upcoming offering. Since I donโ€™t want to get caught in
offerings , these are the two things that I lookout for.

Step 2: Checking for Offerings (continued)
1-) Firstly, I look for whether the company had made any recent offerings in the last two months, if yes then there are less chances of new offerings.
Trading view scanner process -

1 - open trading view in your browser and select stock scanner in left corner down side .

2 - touch the percentage% gain change ( and u can see higest gainer of today)


3. Then, start with 6% gainer to 20% gainer and look charts of everyone in daily Timeframe . (For fno selection u can choose 1% to 4% )

4. Then manually select the stocks which are going to give all time high BO or 52 high BO or already given.

5. U can also select those stocks which are going to give range breakout or already given range BO

6 . If in 15 min chart๐Ÿ“Š any stock sustaing near BO zone or after BO then select it on your watchlist

7 . Now next day if any stock show momentum u can take trade in it with RM

This looks very easy & simple but,

U will amazed to see it's result if you follow proper risk management.

I did 4x my capital by trading in only momentum stocks.

I will keep sharing such learning thread ๐Ÿงต for you ๐Ÿ™๐Ÿ’ž๐Ÿ™

Keep learning / keep sharing ๐Ÿ™
@AdityaTodmal
Iโ€™m using Twitter as my trading journal. Feel free to follow along and learn with me. Iโ€™ll post the resources Iโ€™ve found most valuable below. Iโ€™ve attached my evolving trading rules. As you can see, I am continually learning from my mistakes and feel more prepared each day.


Wave theory resources:

https://t.co/zMLJx0Posg

Recommend checking out @StockDweebs newsletter. I donโ€™t practice wave theory myself but have found his picks highly accurate and like to correlate them with my own.

YouTube channels:

TrendSpider @TrendSpider
smithsintheblack @RobInTheBlack
Sara Sabatino @ssabatino84
_ms_izzy @_ms_izzy
Learn to Day Trade @TrueBubbleHead
StockDweebs @StockDweebs
watchjoshtrade @watchjoshtrade
BullTradeFinder @BullTradeFinder
MagicMike @magicmiketrader

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Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.
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