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🚨THREAD ON HOW TO FIND OPTION PLAYS🚨
This is mainly for SHORT term option plays, not 1 month+ option swings, as I don’t play those. DM me if you have any questions, and enjoy as always:)
This is mainly for SHORT term option plays, not 1 month+ option swings, as I don’t play those. DM me if you have any questions, and enjoy as always:)
I’m going to start off saying two things, one, I do NOT and never have used scanners for options, because I mainly play the same 20ish tickers for options, BUT I’m going to teach you how to using finviz.com
So, if you are using finviz.com, you WANT to play options on mid/large cap companies with a lot of volume everyday, because if there’s no volume on these tickers you are playing options on, the spreads are going to be wonky and may not even move, that’s why I play
they will flush (meaning people take profits when market opens) and bounce in the first 30 minutes ending up in a 50%+ run. This is where you have to watch volume, if you notice a TON of premarket volume (meaning the premarket volume is already HIGHER than yesterday’s total
volume), AND then the volume triples at market open, that’s usually a good sign and results in a huge run throughout the day (not all the time but a good probability).
I have a little secret for you though, if you are new and this seems like all too much, follow people like @notoriousalerts @Mini_Tradez (you will find others) who post alerts throughout the day. They usually are already on top of the stocks that day
