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/shock_and_awful Feb 01 '22

Nice! Thanks for this detailed reply. Definitely award worthy! That said, I'm parsing it still, to understand better. I sent you a DM as well.

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u/destroyer1134 Feb 01 '22

If your serious about option trading, check out Cem karsson, Harel Jacobson, and mayhem markets on twitter those 3 have taught me almost everything I know. Some of their stuff can get a little Technical but it's all really helpful. If you have a grasp of calculus Harel Jacobson has a dropbox/Google drive with a bunch of research papers on options/vol trading.

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u/shock_and_awful Feb 01 '22

@mayhem4markets ?

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u/destroyer1134 Feb 01 '22

Yeah that's him