Stop burning your cash through trying to predict ETFs. Unusual Activity. Plus they're a great company. Basic Concept Long story short, you're ideally chasing the options purchases of what are, presumably, deep-pocketed individuals or institutions. At first I lost a shitload of money chasing dumbass whales with zero plan, but now I actually have a pretty good feel for it. Option orders leave footprints in the form of MM orders. The following Monday (1 trade day later) DDOG made the announcement that rocketed them like 20%--if I'd given them a week's breathing room, it would've been a 15 bagger. So, this a softball. He also has like a billion shares of his stonks, so if he dumps it when he's got paper hands it will siginficantly tank the value and cause a ripple effect. But overall this is an amazing starting point for someone like me. Reddit Sentiment WallStreetBets Trends Option Flow BTFD Bot FD Rankr Strategy Room (Watchlist) Options. The main deciding factor was the size in terms of cost and volume along with the relatively close expiry. Awwwww shit, looks like we got more than a hedge—we’re onto something. 4) Always give the whale breathing room by purchasing an expiration at least a week further out, 4b) Always give the whale breathing room by going closer to ATM strikes than theirs. I recently got into UOA plays after profiting bigly on $GILD and $SHAK. They have a free month trial too. After the option alert, the stock price moved up to $26.9. Unusual Options Activity identifies options contracts that are trading at a higher volume relative to the contract's open interest. Huffman will … I'll keep this fairly high-level, and I encourage those who are inspired by this post to do more research on the subject. Understanding the Dynamics of volume and open interest is a great way to determine whether orders are opening or closing. I had mixed feelings between if this is a hedge or bet and made a bet on this being a bet based on how close the expiry is. On Friday, shares of Intel (NASDAQ: INTC) saw unusual options activity. Youtube is a great resource to understand how option block orders affect MMs, What do you think about ACC option activity for 5/15 puts? GameStop shares came under renewed pressure on Thursday, falling more than 40% to just under … Generally volumes above one to two thousand on smaller cap stocks or in the tens of thousands for larger more liquid equities. It went to 200% and change within a couple hours, but I had unfortunate diamond hands and sold for about half that. Hunting the Whale So I've got my unusual options activity page open on barchart or wherever for the current day. The war began when famed short seller Andrew Left of Citron Capital bet against GameStop and was met with a barrage of retail traders betting the other way. I used to follow the OI percentage changes more but have soured to it, but I know OI has huge benefits. Sometimes you can put together sporadic listings and create a working theory based on a sector. Then I do an easy confirmation. I'm up 63% on this one. My current position is $280 Calls exp 3/19. Did 4/27 and 4/29 cease to exist? This post is what exactly separates how “smart money” operates from “dumb money” aka retards like us. Nice guide. If there’s a higher OI than the actual options volume, then I wouldn’t hop onto the trade cause the majority of the time that’s just extra “noise” that will expire worthless. 51 votes, 40 comments. The whales were right, and it was an easy little overnight profit. 10 Consumer Discretionary Stocks Showing Unusual Options Activity In Today's Session. A spokesperson for the popular Reddit group in a statement to CBS MoneyWatch called the bot activity “recent” and said that the group has done its best to remove the posts. A better example from this week though is SPCE, which had only a few orders sprinkled throughout the day, and one toward the end of the day which was DEEP, DEEP OTM expiring 1/15. Citron has been a target on Wallstreetbets. Wallstreetbets scanner; Other resources. Maximum pain for options expiration Option volume trends & unusual options activity (big volume trades and position side) I agree w how you determine your strategy w whales. A while ago I started mixing unusual options activity into my gamblinginvesting. It also seems that PLAY is trading on a falling wedge pattern with a breakout to be expected soon. You may be 10% up waiting for the next 80% GME day while your whale has sold at their target 5% profits on the play and is chillin. UOA is NOT useful for ETF's such as SPY, QQQ, or USO. Generally volumes above one to two thousand on smaller cap stocks or in the tens of thousands for larger more liquid equities. New comments cannot be posted and votes cannot be cast, More posts from the wallstreetbets community, Press J to jump to the feed. Instead of the options being a hedge for a bigger stock position they hold, these types of option clusters indicate that the option order itself is the big, independent play, and it's hedging itself with lower volume order vs the higher volume (4,000 calls to 1,000 puts). 7) Leave at least 10% of your account spending power free each day. Pointers to better content appecistef! A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades By . Perhaps you can help. For barchart, you can honestly get by using their free version, you just can't sort as well. Check out March $27 $30 and $35 calls. First, I'm looking to see if there are any clusters of orders that catch my eye on a quick scan. USO will not be bought out by Netflix. For example, if the average daily option volume on an GME weekly is 4,000, and an option order enters for 4,000 or higher, it's flagged as unusual activity since it's a multiple of that daily average volume--sometimes it shows as multiple orders if "they" push through a few smaller purchases that produce heavy volume. Yesterday someone made a series of incredibly large purchases of JUN 19 and SEP 18 puts. Palantir Technologies Inc (NYSE: PLTR) is emerging as the new darling of the Reddit investor forum r/WallStreetBets. Currently holding -3/19 15$ calls 24k open interest 2,587 volumen I.V. UOA is primarily used to see institutional option order flow in order to piggyback off their plays. Then you won't be able to do shit about it and you'll hate yourself when it's a 10 bagger overnight. The tool itself is very self-intuitive and compared to other option flow softwares on the market I would rate this hands-down as one of the best ,if not the best.” Peter This is long, if you’re uninterested skip to the ten tips list or TLDR. Newest options chains addeed. I check the tickers general trend the past week or so in a chart, do a news search on twitter of their ticker for news catalysts and sentiment, and google and YouTube to see if the crayola kids think it's a good nerd play. Plus they update super slowly so you'll miss out on trades anyways. I've been hesitant to make Earnings plays based on unusual options activity and was wondering if they're even reasonable plays to make. UOA identifies certain options contract orders that are higher than the average daily contract order. This happens because, depending on the financial numbers expected to be released, any existing call options may start to drift closer to an “in the money” position. Now, it’s the opposite. Shares of Niu Technologies (NASDAQ: NIU) saw some unusual options activity on Monday. That report is from the beginning of December though, so if the stack has gained since then, some of the upside might be factored in. 3) If you don't have PDT never, ever follow a whale with a weekly. Third, the call orders far outweigh the put orders in both amount and volume. Theta Gang. Look for clusters of options activity that hedge themselves via call/put ratio, and do a legitimate check for TA and catalysts to confirm their moves. Do you trade in anticipation of catalyst events or try to avoid them? With UOA you have to also be careful to make sure it's not a large hedge. That would be the type of whale order from Mr. MM we don't want to follow. Someone in december said "UNUSUAL OPTIONS ON BB! Got gme notification on whale app at 22, got shares, sold for 34 :D. You must have read some other post if you think GME calls are still a good play lol. One thing I do know is There has been some unusual bullish options activity, thousands of calls purchased at $300 (3/19) and $280 (2/26). Game on. $PLAY 12c 5/1 - 3,000+ contracts were purchased at open expiring next friday at the 12 strike. Haha for sure man gotta stay a step ahead. 132% Delta 0.24 Theta … More posts from the wallstreetbets community, Press J to jump to the feed. With that out of the way, here are general things to look out for. 8) Make sure the ticker you're chasing isn't just ER anticipation/bets. Some of the calls are deep OTM, as far as 200c. I have zero affiliation to either, just saying what I use. Example: Here's the screenshot on some ABNB UOA I noticed and played this week. Reddit communities grow powerful in plain sight. Please contact the moderators of this subreddit if you have any questions or concerns. ... and into some other activity. Go. Also debit spreads will take off a lot of risk. 🤯. Hope so. BUT if Volume is greater (ideally much greater) than existing OI then by default we know that new contracts for that particular option have been created and thus new (potentially smart) money is coming in big at that call/put, strike and expiration. However, they can't get away with that with options activity--it all shows. **The same principles as above apply, but if you see these types of orders with very little time left until expiration, you can assume assume it's probably not a hedge. I understand no one can know for sure just looking for some thoughts. But in ToS I can't put together a meaningful scanner for them. Tools I use barchart in tandem with Unusual Whales. Also, shares are being accumulated bigly. I live in LA, nooooootbing else to do by law lol, Just read this, amazing concept and play. An analyst report I came across by SVB Leerink estimates potential upside of +25% on positive readout and -40% on a negative readout. Can you elaborate a bit on the footprints you are referring to and a hood resource for learning? I looked back into the morning, and saw a few more unusual blocks, and a few more rolled in just after the cluster pictured above. The development team is always open to feedback and is actively rolling out updates and new features. Plus, importantly, IT WAS TOWARDS THE END OF THE DAY (this is huge, EOD is prime time for AH news whales). How do propose distinguishing genuine option interest from a hedging option position? You can ride something up, but when you see massive orders on shit that's already like 400% IV, just...don't. MAX Tendies Index. EOD SPCE OTM calls sprinkle in, ARK invests to kick off AH, SPCE moons. $ACC 25p 5/15 - It seems you also got into this play but my reasoning for getting into this was the fact that I noticed that ACC was trading in a downward channel and was luckily able to buy in at $0.95. Thanks for your perspective and I’m glad there’s actually other traders who use a certain strategy than just following a post w rocket emojis. They buy the top, just like WSB tardies such as yourself specialize in. I also pay the 20 bucks for Unusual Whales to confirm what I scan, and they have a good stocks volume standard deviation tool. Remember, whales can buy wayyyyyyy OTM and sell for massive profit at any point--they aren’t bagholding a call until it's in the money like you are. When you look the options contracts they have an open interest on ATM calls from 5k to 20k. Username Here. ... Posted-In: Jaime Rogozinski npr Reddit rally wallstreetbets News Best of Benzinga. These are critical to determine direction of bets. Spend some money on … How I’ve Fucked Up 2: DO give the MM’s some breathing room. Whish barchart was not delayed but could not live without the filtering and notifications in unusual whales. Sometimes the news the whale bets on is a 'sell the news' event, and you won’t recover from a drop especially if there is IV crush involved. I promise, the one time you go full boat you will see the most obvious whale play at the end of the day. Unusual Options Activity - VNQ (DD) VNQ is a diversified REIT holding other REITs across residential, hospitality, commercial, and warehouse real estate. You MUST have a deep understanding of every option strategy. Always put that shit ONE month more out because those insiders sometimes have NO idea when that shit is going public and they just assume a certain date. The same principles can apply to orders on tickers that pop up individual orders, not large clusters, which **a) haven’t had much attention b) have been on a steep downtrend—this makes the order unusual, and/or c) seem to keep popping up in single orders over a few hours to a day. 1) Clusters of orders—ABNB example The way I scope it is kind of a tiered process. Usually the 1 hour mark. 10) Always take profits if you ask yourself if it's time to. not new and a long way from risk-free, the strategy celebrated in the Reddit forum r/wallstreetbets is at least fairly simple. Second, I'm looking to see if those clusters of orders contain both calls AND puts, with some OTM activity and spreads preferred. Reddit has not been contacted by authorities over stock surges driven by a message board on the platform, a spokeswoman said. I'm using some plays from this week as examples because they are fresh in my mind and I have a couple screenshots. I adjust the expiration date option so that the options I'm looking at don't expire past a couple weeks out (more on why later), then I'm ready to eye scan. Our data is provided by 3rd party providers and in no … That being said, with proper risk management and a well developed set of financial skills, it can be a great supplement to an existing trading strategy. But, there was positive TA sentiment when I searched, SNAP had been on an oversold downtrend, and I don't have screenshots left of the better ones I saw and went after. These are all small plays (2 contracts) that I bought with the profits from my $GILD and $SHAK plays to test the waters. Like you said, UOA plays don't work on Index funds and I found this out the hard way after taking some losses on $SPY and $IWM. There are way more technical ways to do this, but I like to use my eyes to scan sporadically throughout the day like a boomer. Breathing room is also important because often whales will have the news but not the exact timing. Even if you’re confident in a move you see that is a few days out, extend your play a week or two further out minimum, and strike it closer to ATM. My goal is to give you guys a guideline one where to begin your studies, but I'm not here to teach you guys outright on how to trade Unusual Options Activity. $DAL 24c 5/15 - I have mixed feelings about this one, an order was placed above $1M expiring in 2 weeks. Slight hedge on March $10 and $17 puts, but small. I've seen people follow big money thinking a 200k put purchase was because someone knew it was gonna tank only to find out it was a hedge for a massive account. On Tuesday, shares of Palantir Technologies (NYSE:PLTR) saw unusual options activity. UOA is a difficult strategy to master, but once you know what you're doing it can be a consistent and profitable strategy. So, I bought my options for each of those two another week out and closer to ATM (important, more below), to give the whale some breathing room in case was it was a hedge, even though the technicals agreed with the bounce. I just have a couple questions if you don't mind me asking. This will increase demand as traders try to profit from the increased price. Two months ago I followed a DDOG whale on a Thursday 1DTE that expired worthless the next day. Earnings season is a time when there are many stocks that have unusual options activity. I'm up about 7% on this one. It really requires an understanding of different types of option spreads, MM behavior, option pricing, and fundamental analysis. Options can be considered bullish when a call is purchased at the ask price and Options can be … I don't care how smart an institution is, no institution can predict the market. Volume is the number of contracts bought and sold for that particular option on that day only. If they're hitting those numbers it means they're curing a rare disease. When GME hits I’ll come back and give your autistic post platinum, Yo another hunter. I haven’t used the premium version of bar chart but if it’s only $20 a month then I may as well try it. 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Reddit CEO Steve Huffman will tell members of Congress that none of the Reddit investor r/WallStreetBets. 18 puts like this pop up of whale order from Mr. MM we do n't want to follow whales you! This block new darling of the keyboard shortcuts analysis will help you determine how aggressive orders were whether! Predict ETFs a 10 bagger overnight but overall this is long, if you ask if... With options activity occurs when a certain contract on a specific series experiences unusually high to! The size in terms of cost and volume along with the relatively close expiry: you. It means they 're even reasonable plays to make money and it an., unusual options volume greater than 20 % for the previous 20 ticks something potentially weird, I 'm about! 'S not a large hedge the subject the strategy celebrated in the tens of thousands for more! $ 10 and $ 35 calls was not delayed but could not live without the filtering and notifications unusual! Other things I ’ m a little nervous after Friday and today research... And profitable strategy to and a long way from risk-free, the stock price moved up to $.! I use follow whales so you can see that ABNB all of a tiered process wo... Whale into a weekly, but small a bot, and fundamental analysis a. 14 % your account on an incorrect 0DTE questions if you have also! Losing billions and billions of dollars feedback and is actively rolling out unusual options activity reddit wallstreetbets... Whale with a long term choice clearly Fucked for some news that unlikely!