A block trade is, as the name suggests, a single large order that hits the Unusual Options Activity Tape all at once. A Sweep is a large order that is broken up and hits the tape in many different small orders. Here is an example of Block Trade: And here is an example of a…
The cost of Unusual Options Activity data varies depending on the quality and quantity of the data that you want. If you want raw data from the exchanges like CBOE then you could easily be looking at a few thousand per month plus other costs. This is usually what institutions and data professionals use. If…
NZD/USD price alert Price is above $.5604 Last = .56061; Bid = .56036; Ask = .56049; Price = .560425; Vol index = N/A; Front vol = N/A; Back vol = N/A; Vol diff = N/A; Impl vol = N/A; Delta = 1.00; Study = N/A; Sizzle idx = N/A; Close = N/A; commentary = This…
NZD/USD price alert Price is above $.5604 Last = .56061; Bid = .56036; Ask = .56049; Price = .560425; Vol index = N/A; Front vol = N/A; Back vol = N/A; Vol diff = N/A; Impl vol = N/A; Delta = 1.00; Study = N/A; Sizzle idx = N/A; Close = N/A; commentary =…
Order Flow is basically the study of the way a stock reacts to the limit or market orders that are placed at certain price levels. When it comes to Unusual Options Activity, the order flow principles are the same, in that you want to pay attention to how the Option price, and the price of…
DTE means Days To Expiration. This is basically the number of days left until your Option contracts expire. As an options trader you will want to play very close attention to the DTE when you are selecting which contract to buy or sell. The number of days to expiration can impact the profitability of a…
How Do You Find Option Sweeps? There are two ways you can go about finding Option Sweeps: If you go with option 1 then you need to set your filters to look for repeat activity in a stock and then you will have to tabulate the total number of contracts that are bought across all…
What is an Option Sweep? An option sweep is basically when a big trader breaks up a large order into small individual trades. This is usually done in order to get filled fast or to conceal a large order. The common thinking is that a sweep usually means a big trader knows something and is…
Are Call Sweeps Bullish? The short answer is not always. I have been tracking and trading Unusual Options Activity for many years and I have seen both Bullish & Bearish sweeps on the Call side. What this means is that you can have a sweep order to sell Calls which is essentially taking a bearish…
The best way for me to explain what you are seeing in a typical UOA trade is to show you an example of a typical trade and then break it down for you. The first thing you will probably notice in the image above is that one of the trades says “SWEEP DETECTED” and the…
