Best Unusual Options Activity Scanner

In today’s fast-paced financial markets, traders and investors are constantly seeking innovative tools and technologies to gain a competitive edge. One such tool gaining popularity is the Unusual Options Activity Scanner. Unlike traditional stock screeners, these scanners focus specifically on options trading, identifying unusual or abnormal trading patterns that could signal potential opportunities. In this article, we will explore some of the best unusual options for activity scanners available to traders.

Best Unusual Options Activity Scanner
Best Unusual Options Activity Scanner

Understanding Unusual Options Activity

Before delving into the scanners themselves, it is crucial to grasp the concept of unusual options activity. Options are derivative contracts that provide the right, but not the obligation, to buy or sell an asset at a specific price within a predetermined time frame. Unusual options activity refers to an influx of trading volume or open interest in specific options contracts, deviating significantly from their average levels. Such activity often indicates the presence of informed traders or institutions with market-moving insights.

Some Of The Best Unusual Options Activity Scanner

Finviz

Finviz is a popular and versatile financial visualization platform that offers a variety of tools for traders. While not solely focused on options, Finviz provides an options scanner that allows users to filter through various criteria such as volume, implied volatility, and price changes. Traders can identify unusual options activity by setting specific parameters and receiving real-time alerts. Additionally, Finviz offers a user-friendly interface and customizable charts, making it suitable for both beginners and experienced traders.

Trade Alert

Trade Alert is a comprehensive options analytics and trading platform that offers an efficient and powerful scanner. It provides real-time alerts for unusual options activity based on customizable filters and advanced market data analysis. Traders can receive notifications via email, SMS, or through the platform’s user-friendly interface. Trade Alert also offers a range of additional features such as volatility analytics, option spreads, and market scanners, making it a valuable tool for options traders seeking to capitalize on unusual activity.

LiveVol

LiveVol, part of the Cboe Global Markets, is a renowned options analytics and trading platform. Its options activity scanner, LiveVol Core, is widely used by professional traders and institutions. LiveVol Core provides real-time data and analytics on options volume, open interest, and other key indicators. Traders can set customizable alerts and filters based on criteria such as unusual volume, volatility, or specific option strategies. LiveVol’s advanced options analytics tools make it a popular choice for experienced traders who require in-depth data analysis.

Tickeron

Tickeron is an AI-powered trading and investment platform that offers an unusual options activity scanner powered by machine learning algorithms. Tickeron’s AI analyzes massive amounts of options data to identify patterns and anomalies in real time. Traders can set up personalized alerts based on parameters like volume, changes in implied volatility, and unusual price movements. Tickeron’s AI also provides predictive analytics and sentiment analysis, further enhancing its capabilities as a comprehensive trading tool.

Conclusion

Unusual options activity scanners are valuable tools for traders and investors seeking to stay ahead of market trends and potential opportunities. While the options trading landscape can be complex, these scanners simplify the process by highlighting unusual activity that may indicate potential market moves. Whether you choose a platform like Finviz or opt for more advanced solutions like Trade Alert, LiveVol, or Tickeron, incorporating an unusual options activity scanner into your trading strategy can provide valuable insights and increase your chances of success in the dynamic world of options trading. Remember to conduct thorough research and practice risk management when using any trading tools.

Free Forex Robot