Thread by @RedHotTrade

New @unusual_whales thread 🧵🔥

Get ready it’s about to get HOT 🥵

• Intro to UW + live flow feed filter settings 🔥💰
• How I use my #FireFishing 🔥🎣 strategy to hunt plays with the new Most Active Chains🔥 settings
• Breakdown of a recent play using the strategy 📈

Here's some info on pricing:

Use my code REDHOT for 5% OFF 🔥

You can sign up here 👇unusualwhales.com/pricing

Emojis: all selected except: ETFs, Leaps, Bid Side, Deep ITM, Index Funds

Expiry: the closest 4-5 expirys going by Fridays

Premium Range: I change the this one throughout the day or I have 2-3 different tabs open with minimum premiums set to 50k 100k 200k

I call this strategy #FireFishing 🔥🎣
• Go to "🔥Hot Chains & Tickers"
• Find a ticker with 3 of the hottest chains 🥵
• Expiries must be within 14d✅
• At least 1 of the chains has a strike OTM✅
• See $OCGN here for reference 👇

🚨 NEW FEATURE 🚨

New "Sectors" & "Caps" Filters on the Most Active Chains page 🔥

Select what sector and what cap size you want to look for and it will show you the Hottest Options Chains for that day 🔥📈

This allows you to really narrow down your search

Ok, let's use the #FireFishing strategy and combine it with the new Most Active Chain filters 🔥

Sector: Financial Services 💰
Cap: Mid 2B-10B
What I like: $MARA
•#bullish number of hedge fund positions in this stock currently sits at its all-time high.
• 4/6 Hot Chains OTM

Now that we see that $MARA fits the #FireFishing 🔥🎣strategy let's check to see if UW has fired off any alerts recently:

$MARA 67c 11/05
Alerted today 11/1 13:51 @ $0.20
Closed at $0.26
@unusual_whales 🐳

Now from here, I like to bring up the chart 📈
$MARA closed at $55.51 ($55.81 AH)
$57.79 52-Week High 🚀
RSI curling up ✅
Above-average volume today (1.5x)
Closed sitting right at the top volume shelf on the daily

Now I'm going to use the OPC (Options Price Calculator) to see what it would look like if I took that alert:
Search for the ticker - $MARA
Select "Long Call"
Select Price & Expiry
Determine R/R

You can see the risk is high. Being a weekly call option this is to be expected💯