Today, we’ll talk about where to find free unusual option activity scanners, a topic you requested me to write about. Please leave your thoughts in the comments section below.
Contents
What is an unusual options activity, and why might you want a scanner to look for it?
This is a fair question that many new investors may be asking after learning about stock options and trading strategies.
This guide will show new investors why it might be beneficial to find unusual options activity and how specific scanners can help you with that process.
Large corporations and institutions are frequently coordinating when they make a significant trading decision.
When this happens, signals are sometimes available for individual investors that take part in trading options.
Thus, if you spot unusual activity when trading stock options, it might provide you with an opportunity to take advantage of the situation.
The easiest way to find unusual activity in the world of stock options is to use a reliable scanner that analyzes the stock market for this type of activity explicitly.
If you have the right resources at your disposal, it can provide you with a significant edge in the stock market.
What is Unusual Option Activity?
After reading the previous section, you’re probably asking what precisely unusual activity for stock options is?
That’s a great question, and the answer is usually related to the current trading volume of a specific stock option contract and how it compares to the average volume per day.
Significant increases in trading volume can sometimes indicate unusual activity behind the scenes, which can sometimes indicate a price fluctuation on the stock price before it happens.
However, this isn’t always the case which is why it is essential to find a high-quality, reliable scanner that accurately detects unusual stock options activity.
#1 – Option Sonar
Option Sonar is a highly reputable unusual options activity scanner that can provide you with the resources to detect unusual options activity in the stock market accurately.
Top Features
- Unusual Activity Order Alerts.
- Real-Time Notifications
- In-Depth Charts and Analysis
You can be among the first investors to know when unusual activity occurs on a particular option contract.
You can take advantage of alerts, notifications, watchlists and provide yourself with full market awareness by taking advantage of the incredible features that Option Sonar provides.
#2 – Bar Chart
Bar Chart is an excellent internet-based resource that provides public investors with tons of real-time stock options trading information.
This information can provide you with advanced market awareness and give you an edge over other investors.
Top Features
- Unusual Activity Order Alerts.
- Incredible Database of Real-Time Information
- In-Depth Charts and Analysis
By taking advantage of the high-quality resources provided by Bar Chart, you can instantly transform yourself into an experienced options trader with the high-quality resources required to detect unusual options activity in the stock market effectively.
#3 – Market Beat
Market Beat is another excellent online resource that can provide you with notifications for unusual options activity.
Every day, their web database updates with indicators and signals for stocks that may be experiencing unusual activity.
Top Features
- Day-to-Day Signals for Unusual Options Activity.
- Advanced Filters and Stock Search Features
- In-Depth Charts and Analysis
One of the nice things about Market Beat is that it can conveniently be accessed on the internet.
Every single day, they have a page designated for detecting and scanning for unusual options activity.
Using this resource in real-time as the stock market updates, you might be able to take advantage of some of the reported trading signals and detect unusual options activity immediately.
#4 – Benzinga
One of the most popular unusual option activity scanners comes from Benzinga, a reputable stock market resource that supplies investors with tons of high-quality features to prepare them for advanced stock options trading strategies.
Top Features
- Live Scan Unusual Stock Options Activity
- Desktop Alerts and Real-Time Notifications
- Watchlists and In-Depth Stock Tracking
While Benzinga may not be the best option for some novice stock options investors, it provides a ton of value to people who want to learn more about stock options trading.
If you are trying to detect unusual options activity, it could serve as an extremely valuable resource and provide you with several high-quality features along the way.
#5 – Black Box Stocks
The fifth and final unusual options activity scanner that we will look at in this section is the Black Box Stocks Unusual Options Activity Scanner.
This high-quality trading utility is popular among investors because it is convenient and easy to use.
Top Features
- Unusual Activity Order Alerts.
- Real-Time Notifications
- In-Depth Charts and Analysis
With advanced features and real-time alerts, it’s easier than ever to use Black Box Stocks Unusual Options Activity Scanner to detect strange activity in the world of stock options.
Thousands of users are already taking advantage of this advanced trading software.
Final Summary: Unusual Option Activity Scanners
There can be a lot of benefits for investors that take advantage of unusual option activity scanners.
These advanced resources can provide you with imperative information about a stock’s future price fluctuations and provide strong signals that can help you make sensible trading decisions.
Using reliable and accurate trading resources, primarily when investing in something as risky as stock options.
This is why we have selected an incredibly reputable list of resources that can provide you with the best features for stock options trading.
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
Are these sites free of charge?
Generally no. Some might have free trials.
Can you please take couple of examples of Unusual Option activity and how would you play it?