TradeUI can alert traders to actionable real time signals when there are notable events taking place on various financial markets, including stocks, options and cryptos. The software implements a vast range of innovative and powerful tools to support your market analysis and daily trading activities. In this TradeUI Review, we will take a look at what it is and how it works, along with some of its key features. Hopefully this will help you to decide if it is something which you would like use as part of your trading routine.
What is TradeUI?
Founded in 2020, TradeUI is a trading software that provides users with relatively low-cost stock and option insights. The firm was created after its founder noticed that there was a need for comprehensive stock and option-based trading alerts. The idea was to build a tool that helps you find trades formatted in a way that anyone can use, regardless of your previous experience level with online trading.
In addition to unusual options activity alerts, TradeUI also offers technical and fundamental analysis tools that can help traders follow the smart money. Other things that help to differentiate TradeUI from competing platforms such as FlowAlgo, FlowTrade and SweepCast, include color-coding, to flag unusual activity and earnings plays, as well as Sweep Setups.
What is Unusual Options Activity?
Unusual options activity occurs when a certain contract on a specific series experiences unusually high volume. Generally speaking, volumes above one to two thousand on smaller cap stocks or in the tens of thousands for larger more liquid equities.
Unusual options activity is mainly used to try and identify institutional option order flow in order to piggyback off their trades. Institutions are considered by many to be smart, richer, and have far more resources than the average retail investor, thus knowing what they are doing can be advantageous when making informed trading decisions. Insider trading is a lot more common than some may think, and sometimes you can see institutional order flow to try and pinpoint large market movement before they actually occur.
The problem with unusual option activity is actually scouring around various sources to try and find reliable data. That is where TradeUI comes into the equation. It can discover and display unusual options activity in a simplistic manner for you to make quick and informed trading decisions.
There are many ways to interpret the unusual options data. Some common trading strategies include looking at the strike prices and comparing them to the current stock price for UI. A bullish signal can be interpreted if there is a large number of contracts traded for strikes that are considered out of the money and expiring in the near future. These can then be compared to the overall volume for that strike to the open interest at the beginning of the day. A larger volume of option contracts traded compared to the open interest would mean this is a new position that is being opened.
What is Smart Money?
Smart Money refers to some of the biggest and smartest players in the game. They are the central banks, the market makers, and the institutional investors. They are the entire Interbank Market. Examples of smart money could include the following: Deutsche Bank, Citigroup, Barclays, UBS, Bank of America, HSBC, BNP Paribas, and Goldman Sachs. They are known to have a large impact on the financial markets, which is why many people believe that the smart money will always prevail. It is for this reason that they want to know what the smart money is doing so that they can ride along on their coattails. Smart money trading is when traders are aligning themselves with institutional trading strategies.
Now that we have an idea of what TradeUI is and how it works, lets take a look at some of the key features of the platform.
You can get powerful, real-time and data driven option sweeps, fully automatically. An option sweep is a large option purchase by an institution. The best option sweeps are a large transaction executed at the ask price expiring in a relatively short amount of time at a price above the current stock price. A sweep is typically a large order that is broken into a number of different smaller orders that can then be filled more quickly on multiple exchanges. You can find top unusual sweeps using a breakdown by Ticker and colour encoding to quickly catch Bullish/Bearish trending tickers.
Follow Smart Money
Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. By knowing where the smart money is going, you can follow them and try at to take advantage of this “inside” information.
You can customize the TradeUI scanner filter with unique settings that align with your own individual trading style and receive hundreds of personalised option trade ideas throughout the day. Filter through intraday and historical data by multiple tickers and date ranges, moneyness, days to expiration, UOA, rating and much more. Setup your filters and the platform will alert you real time.
Users can use the platform to get stuck into previous data using advanced filtering to identify trends and patterns in order to develop a market edge.
Unusual Option Flow
Get a real-time stream of unusual flow, that shows important symbols which get an unusual bullish or bearish flow of money.
Options Flow Leaders
Through this feature, you can utilize this to optimize your trading with real-time data showing you only the biggest plays with the largest amount of unusual options activity that might otherwise get lost in the clutter of smaller sweeps.
Options Chain Overview
With this feature, you can choose different ways to visualize the option sweeps that come in to help determine the most popular strike helping you to get an idea of where big money is putting their bets on.
If you need help to calculate just how much you could make and how much you could potentially lose trading options, the Options calculator is a tool that you can access through the TradeUI platform which can help to give you an edge when it comes to risk and reward.
The study tool gives you a visual insight to the option flow and a profit loss calculator to try and help you improve and manage your risk to reward ratio.
Dark or Light Mode
Depending on when and where you are trading, you can choose between the platforms light or dark mode according to which is easier on the eyes.
There is an active TradeUI discord community where you can share ideas, trading strategies and more with fellow traders. The support team make themselves available if you have any questions or would like to provide some feedback or request new features. They are constantly looking for ways to further improve the TradeUI platform.
How much does TradeUI cost?
For prices starting as low as $67 per month, potential clients can get access to market news and data on upcoming earnings, IPOs, and insider trading, charting, real-time option flow, as well as algorithmically-derived trading setups. All plans include premium support and can be cancelled at any time. There are 3 packages to choose from and a 2-week trial that works out around $2 per day. You can get a discount if you subscribe for a yearly package. All payments made are non-refundable and they do not offer pro-rated refunds.
- $49.99 per month
- Market Overview
- WallstreetBets Trending Tickers Widget
- Stocktwits Trending Tickers
- Daily Gap up/down stocks
- Chart Analysis
- Sweep Setups Scanner
- Signals Dashboard
- Entry/Exit/Take Profit/ Stop Loss
- Insiders Dashboard
- Trade Technical Dashboard
- New Features Included
- Discord Premium ($35/month)
- $79.99 per month
- All Stonks Plan features
- Market Overview
- Unlimited Real Time Option Sweeps
- Unusual Option Flow
- Technical Setups
- Sweep Setups
- Insider Activity
- Real Time News
- Desktop/Mobile Notifications
- Voice Alerts
- Discord Premium ($35/month)
- Premium Email & Chat support
- $125 per month
- All Trader Plan Features
- Advanced Alerting Tools
- SMS Alerts
- Email Alerts
- Stock/Option Study
- Option P/L Calculator
- Algo Based Fibonacci Levels
- ML based Support Resistance
- New Features Included
The TradeUI platform can be very useful as a quick and easy way to get vital information for data-backed trading decisions that follow the smart money. It is a very intuitive platform with a modern interface and easy to navigate layout, making it a breeze to get the information and data that you need, as and when you need it. Compared to other services that offer similar features and functionalities, it is actually very reasonably priced. I do think that the trading signals that you can get from TradeUI will require some additional market analysis on your part. I personally wouldn’t take each signal blindly without conducting and confirming potential opportunities with my own market analysis. Therefore, it is not a magical tool but certainly very useful for discovering what big players in the market are doing and anticipating the market movements that they can cause. You could then implement this information into your own trading strategy.
- Market overview
- Chart analysis
- Find Unusual Options Activity
- Follow Smart Money
- Option Sweeps
- Advanced Filters
- Analyse Patterns
- Desktop and mobile platform
- Discord community
- Intuitive interface
- Requires some user initiative
- Takes some time to learn
- Not ideal for beginners
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.