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Connor Profile picture
@RedHotTrade
Aug 5, 2022 • 9 tweets • 6 min read • Read on X
Scrolly
About a year ago I came up with a beginner-friendly strategy for the @unusual_whales Hot Chains & Tickers page 🐳

Here's an updated thread on #FireFishing 🔥🎣 with recent examples + utilizing the new features UW has to offer 🧵
What is #FireFishing 🔥🎣?

It's a beginner-friendly strategy that utilizes the Hot Chains & Tickers page on @unusual_whales to find the most traded out-of-the-money contracts (cheaper plays) with the most volume/open interest 👀(people trading/holding them)
• 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 $AAPL in this pic for reference (closed at $165.81 today)
This works both ways: bullish or bearish.

• 2 OTM Bull Chains + 1 ITM Bull Chain = #bullish
• 2 OTM Bear Chains + 1 ITM Bear Chain = #bearish
With the new features that @snorlax_uw has added it gets even better 🔥

• Click on the contract expiry
• It brings up the contract flow + the ticker flow
• You can click a candle of interest and it will take you to the time in the live flow feed that it came through
Things to look for 👀#FireFishing

• Does the Daily P/C Ratio and historical options volume line up with your bull or bear thesis?
• Are contracts being bought at the bid or ask? (ask shows urgency)
• Has Volume been turning into OI the next trading day? (holding contracts)
Wanna Super Charge your #FireFishing?

Use the @unusual_whales Super Flow Dashboard⚡️

Have your flow feed, flow alerts & hot chains on the same page 🤯
Follow @TheHeatSheet a free newsletter every day Sunday where I'll post #FireFishing pick every issue🔥🎣 getrevue.co/profile/redhot…
Thanks for reading! 🔥

S/O @unusual_whales for being the best options data site out there

Oh & I'll leave this here 🤘

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More from @RedHotTrade

Connor Profile picture
Jan 2, 2023
OPTIONS TRADING 101: A THREAD 🧵
What is an option?

An option is a contract that you can purchase that gives you the right to buy or sell stock at an agreed price on or before a particular date Image
What is an option?

An option is a contract that you can purchase that gives you the right to buy or sell stock at an agreed price on or before a particular date Image
Read 13 tweets
Connor Profile picture
Sep 11, 2022
OPTIONS RISK MANAGEMENT: A THREAD 🧵
Trading isn't gambling if you know how to manage risk

POV: You just made a +1,000% gain on your first $SPX options trade. Nice.

I know you feel good but don't get too cocky...

If you don't manage your risk you WILL blow up your account. But how do you do this? Keep reading.
Every single trade that you take must have a clear plan with a defined RISK AND REWARD.

If you're constantly feeling anxious after taking a trade then you probably didn't enter with much of a plan.

Before you enter a trade you should have a trading checklist that you go over:
Read 9 tweets
Connor Profile picture
Sep 10, 2022
OPTIONS TRADING 101: A THREAD 🧵
What is an option?

An option is a contract that you can purchase that gives you the right to buy or sell stock at an agreed price on or before a particular date
Types of Options:

Call Option - Gives the option holder the right to BUY shares of a stock, at an agreed-upon price, on or before a particular date

Put Option - Gives the option holder the right to SELL shares of a stock, at an agreed-upon price, on or before a particular date
Read 11 tweets
Connor Profile picture
Jul 26, 2022
Want to catch unusual flows like this on $WMT?

Read this thread 🧵
So you keep seeing @unusual_whales post "Somebody always knows" and you're sitting there like this:
An easy way to catch these unusual options buys/sells:

•Go to LIVE Flow Alerts" page
•Filter in any tickers that pique your interest.
• Leave "All Rules" on
With 1/3 of $SPX reporting earnings this week you could have filtered in any number of these tickers.
Read 5 tweets
Connor Profile picture
Jul 18, 2022
New Thread 🧵

@unusual_whales LIVE Flow Alerts 🚨

How to use it to find unusual activity on any ticker 🔽
For transparency: I'm an @unusual_whales affiliate

I used the service way before I became a partner & the team just keeps adding more amazing tools for retail traders.

If you want to sign up, do me a favor and use code "REDHOT" for 5% off. I get some $ and so do you✌️ Image
To find the Live Flow Alerts tab:
• Go to unusualwhales.com
• Navigation (left-hand side)
• Click the 🛎️emoji for Live Flow Alerts Image
Read 14 tweets
Connor Profile picture
May 10, 2022
New Thread 🧵

@unusual_whales Intraday Options Volume🐋

How to use it for scalping options on any ticker ⬇️
@unusual_whales For transparency: I'm an @unusual_whales affiliate

I used his services way before I became a partner & the team just keeps adding more amazing tools for retail traders.

If you want to sign up, do me a favor and use code "REDHOT" for 5% off. I get some $ and so do you✌️
To find the Intraday Options Volume tab:
• Go to unusualwhales.com
• Navigation (left-hand side)
• Intraday analyst
• Type any ticker in the search bar at the top
• Scroll down for the intraday options volume tab
Read 8 tweets

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