Optionsonar Review

Optionsonar is a specialized platform that detects unusual trading activity while tracking options trades to judge the outlook of the options market.

On the platform, options traders can monitor and track activity consistently to check out every large order flow across various stocks.

Is this a legitimate platform for options trading opportunities, and how good can it be at tracking unusual options activity?

Our Optionsonar review answers these questions and offers valuable insight into the platform in order to decide if it's right for you.

About Optionsonar

This can be a platform that monitors unusual options activity and tracks how traders view industry through options. This might offer you a benefit in the market and raise your chances of earning significant profits in your trades.

It is set with various tools such as scanners and charts, all of which aim to put actionable trading information at your fingertips. 

However, it's not the cheapest platform in the market, and that's why you need to only do it if you are prepared to complete a lot of legwork for safe trading on the basis of the data that the service provides.

Optionsonar Review: How Does Optionsonar Work?

Optionsonar provides options traders with an unusual activity scanner to greatly help them track any unusual goings-on that affects their stock on Wall Street.

The platform implements dark pool orders and block trades while also providing a multiple options scanner

This permits an options trader to consider new and opening positions where contract volumes tend to be more than the open interest during the prior trading day.

Their most prominent scanner is employed to track net unusual options activity.

This broaches major ETFs across industry and FAANG stocks, so users get a thorough market overview.

Different versions of this approach scanner are available, emphasizing any unusual options activity among option contracts with an expiration date inside a week, month, or even longer.

Data picked up from the options scanners include:

• Options Prices
• Technical Analysis Sentiment
• Strike Price
• Volatility

The scanners create alerts directly and send push notifications to users trying to find more precision regarding options traders.

Additionally, Optionsonar allows users to filter trades whenever you want for more precision.

You may also change the options scanner criteria and adjust your filters on the fly. The tool shows you just how many traded options contracts are available. 

Optionsonar insights enable you to check the best daily volumes compared and view expiration dates.

And you can choose from out-of-the-money (OTM), in-the-money (ITM), or at-the-market (ATM) options.

Furthermore, Optionsonar provides an order flow screener that uses multiple visualization tools and several adjustable parameters.

You may also use one watchlist to connect options activity to particular stocks.

Optionsonar is arguably the leading options trading service for research. It works as a browser-based platform that offers you a thorough analysis of the options market and provides reveal overview of significant market moves that outline trading activity involving institutional investors.

Optionsonar Review: Is Optionsonar Good?

As it pertains to tracking unusual options activity, Optionsonar is arguably the very best platform of its kind.

Optionsonar is nearly as comprehensive as other outlets for options trading opportunities like Motley Fool, which focuses more on long-term growth opportunities.

Regardless, it's a good source for stock advice and options trades information.

What Type of Trader Is Optionsonar Best For?

Optionsonar is best for options traders who is able to actually use unusual options activity data to turn a profit. The platform stops short of helping you investigate the potential motivations underlying large options orders, so traders will need to do some significant legwork to safely trade predicated on Optionsonar data.

Optionsonar can also be useful for developing longer-term trade ideas as it enables monitoring trading activity by expiration date. But, there are other, cheaper services dedicated to the purpose.

Overall, Optionsonar is a powerful and easy-to-use options scanner that's priced fairly. You are able to try the platform for free and upgrade as needed.