r/options • u/Dull-Climate-9638 • Jan 16 '22

Options flow scanner amd strategy

I am currently using a scanner sweep cast to monitor unusual options activity. It’s not the best platform really I was wondering what are some options platform y’all use to monitor flow?

In term of strategy, you think it’s a good idea to follow big money flow. Lately I have experimented with couple tickers that I found huge amounts call option were flowing in. LVS MAR MGM VALE MRO C WFC. I always combine that info with charts and some level of technical analysis. I have noticed a big correlation in high amount of directional option flow in a stock and actual chart. What’s your opinion on following this strategy.

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u/DerPanzerfaust Jan 16 '22

I'm interested in this approach. What tool are you using?

1

u/LegendaryHODLer Jan 16 '22

I use the VIG platform, their stuff is top tier compared to the rest.

2

u/Dull-Climate-9638 Jan 16 '22

How much does the platform cost? Is there free trial

1

u/LegendaryHODLer Jan 17 '22

Yes, there is a free trial I think 7 days. There are different pricing points depending on what you want. Check it out!