Optionsonar Review

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

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

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

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

About Optionsonar

This is a platform that monitors unusual options activity and tracks how traders view industry through options. This would offer you an advantage in the market and boost your chances of earning significant profits in your trades.

It is packed with various tools such as scanners and charts, 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 ought to only do it now if you should be prepared to complete lots of legwork for safe trading based on the data that the service provides.

Optionsonar Review: How Does Optionsonar Work?

Optionsonar provides options traders having an unusual activity scanner to 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 enables an options trader to find new and opening positions where contract volumes are far more compared to the open interest during the prior trading day.

Their most prominent scanner can be used to track net unusual options activity.

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

Different versions of this method scanner are available, emphasizing any unusual options activity among option contracts having an expiration date within a week, month, as well as longer.

Data acquired from the options scanners include:

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

The scanners create alerts directly and send push notifications to users looking for 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 teaches you just how many traded options contracts are available. 

Optionsonar insights let you check the highest daily volumes compared and view expiration dates.

And you can select 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 gives you an extensive analysis of the options market and provides reveal breakdown of significant market moves that outline trading activity involving institutional investors.

Optionsonar Review: Is Optionsonar Good?

In regards to tracking unusual options activity, Optionsonar is arguably the 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 is a good source for stock advice and options trades information See It Here.

What Type of Trader Is Optionsonar Best For?

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

Optionsonar can be used for developing longer-term trade ideas since it enables monitoring trading activity by expiration date. But, you can find other, cheaper services dedicated to this purpose.

Overall, Optionsonar is a successful and easy-to-use options scanner that's priced fairly. You can try out the platform free of charge and upgrade as needed.