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Supports thousands of stocks and ETFs
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Volume, open interest and implied volatility
Custom ticker lists
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Scan thousands of tickers in seconds.
Grab your shortlist of option candidates and look for those that have shown large abnormal volumes vs open interest.
E.g. take a look at Coach Inc (COH) on the screen shot to the right.
The $40 call options are at the top of the list for suspicious activity.
Some stocks naturally trade a lot of options, so high volumes don't always equal a good opportunity.
To be sure that something big might happen, make sure you look at the volumes for the day and check that the strike shown is significant.
E.g. the $40 call options here traded 12,759 times where the other strikes barely reached 100.
Also, COH is about to release their Q1, 2017 numbers the next day.
The next trading day (2nd May, 2017) COH releases their earnings numbers, which come as a "surprise" to the market.
The stock jumps 11% on the news.
The $40 call options went from $1.07 to $3.48 in a single day!
The firm that bought those 12,759 contracts made $3,074,919 over night.
Here is a screen of the option prices after the announcement.
This is the exact screen shot of the Option Scanner before I made 1,300% return, which you can read more about in the next section.
The scanner produces these results, every day, in an instant and shows you what option contracts have had the most significant volumes trading vs their open interest. If this happens on a stock before an earnings announcement, it means somebody is placing a HUGE bet on the outcome of the earnings release.
Now, why would 18,607 contracts trade through a single option contract before a stock reports its earnings numbers?
This trade represents $55,821,000 worth of stock in one strike alone in a single day. These bets aren't made by Mom and Dad investors like you and me; they are institutions with huge money at stake and trading from information unavailable to the retail traders.
But you can observe the footprints they leave with this powerful trading tool.
Now, I also took a screen shot of the option chain as I entered the trade. Check out the volumes of the other strikes here....almost NOTHING.
Yet this one strike price, $30, trades over 18,000 times two days before the stock releases earnings.
I'm not saying you are guaranteed to make money like this every time, in fact, you won't make money every time. But wouldn't you agree that this is a superb opportunity to take a further look into?
Immediately after you purchase, you will be directed to a bonus video tutorial demonstrating exactly how to use the scanner not only for option gains but as a way to trade stocks outright!
Value - $97 value.
The developer is always making improvements to the product; enabling faster scans, more data such as implied volatility etc. Typically these updates require a small upgrade fee, however, these charges are waived for the first year.
Value - $197 value.
Value - priceless!!!
The Option Scanner Pro is normally $591 per year but currently it is being offered with a $394 discount for Option Trading Tips subscribers for $197 for a LIFETIME license. Yes, you only pay once and you will have this product for life. The package includes:
I have personally purchased and tested the product and will continue to make real money trades based on the scan results. And for $197 it is well worth it.