well its definitely worth the monthly fees lol my terminal is $2700/mo.
more than that, the way to use it is to look at the trends see the bullish names, sell puts lower into those, that's what I do. Others buy shares, buy calls, whatever. Everyone has a different way of utilizing it, but the point is the same, we're looking at which names are seeing repeat unusual sized options trades, and using that data as as a gauge of interest along with technical analysis in an attempt to position ourselves into strength.
There were some very positive trades before ULTA's most recent earnings. I took a position. ULTA crashed after the report! Disappointing, but that's how it goes sometimes.
At the end of the day, unless it’s some obscure small name with very little action, it’s likely not inside information and just a calculated bet. We’ve seen many here over the last year where you could tell it was inside info, to me, this felt like one bc I had nothing else in this name but I tried and it didn’t work out.
Great post
Thanks les
I’m still trying to figure out how to use this data to gain an edge but it still seems helpful and worth the monthly fees. 🙏
well its definitely worth the monthly fees lol my terminal is $2700/mo.
more than that, the way to use it is to look at the trends see the bullish names, sell puts lower into those, that's what I do. Others buy shares, buy calls, whatever. Everyone has a different way of utilizing it, but the point is the same, we're looking at which names are seeing repeat unusual sized options trades, and using that data as as a gauge of interest along with technical analysis in an attempt to position ourselves into strength.
There were some very positive trades before ULTA's most recent earnings. I took a position. ULTA crashed after the report! Disappointing, but that's how it goes sometimes.
At the end of the day, unless it’s some obscure small name with very little action, it’s likely not inside information and just a calculated bet. We’ve seen many here over the last year where you could tell it was inside info, to me, this felt like one bc I had nothing else in this name but I tried and it didn’t work out.