I also have a script scanning for unusual option activity and I can confirm a massive CALL buying on BBIG for strikes 2.5 and 5, expiring May through October. However, it should be also noticed that the heavily bought CALL 5 expired last Friday way out of the money. So the question is: how much these signals are trustable?
No. I buy the Times&Sales data from a vendor (iqfeed). Then, I scan them for unusual option activity.
46,000 June $5 pounding the offer all day as IV climbed until day traders starting hitting the $0.30 bid last hour. The same was happening with two other stocks I bought with on Friday with calls on strikes way out. I found MUDS last month watching a strike acting up when price was cheap. Paid .4-.75, some hit 7x and than Eisner says MUDS is a NFT play after price jumped $4. Last month I mentioned buying RAIL(Look it up) at $4.80 the $5s and $7s going bananas. In June I am thinking of posting a $3500 account I turned in to $97,000 YTD to show the merits.
$300/month for a tool that makes me money on a consistent basis and saves me a lot of time from researching qualifies in my mind as a worthwhile expenditure.
Congratulations. We all believe you are a great trader: no need to post your account. However, what we are trying to understand here is how to discriminate between 'good' signals (the ones you posted) and the 'fake' ones, (like the one I posted). In my experience, the latter ones largely outnumber the good ones and I have not found a good way to say which is which. To tell you the truth, even the $300/month services, while duly posting the whole unusual option activity, don't go a long way in telling you which trades have a greater change to be successful.
Of course, agree. But it's like advertising an Audi or Porsche at the local dollar store in the strip mall. If the service was so splendid the provider would most likely not have to tout his wares on discord. Exceptions exist of course... Just a general observation.
Of course not, else you would be charged 30k per month, not 300, and I bet what you get for 300 is already overpriced.