Unusual Whales is a platform that caters to traders curious in tracking unusual choices activity. By monitoring and examining options activity, traders can determine potential options to make profitable trades.
Unusual Whales presents a vast array of features, including alerts, research, live feeds, calculators, and screeners, making it a special and valuable resource for traders. In this Unusual Whales review, we’ll take a serious look into this platform, examining its key elements and advantages. So read on to comprehend all about this powerful options order flow platform and how it can assist you in leveling up your trading.
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What Is Unusual Whales?
Only established in 2020, Unusual Whales is a fairly new options order flow platform. Its primary purpose is to provide traders with more complete access to options orders. The platform presents real-time data in comprehensive feeds. This permits users to follow the flow of options orders and spot prospects. What sets Unusual Whales separated from other similar platforms is its comprehensive range of tools and elements, which are known on both its web platform and mobile app.
Unusual Whales Elements
- Options flow: Traders can utilize the platform to find momentum by determining big-money moves or “whales.” The free version comes with narrow flow and options data, while the paid membership provides data for every opportunity order completed on U.S. exchanges.
- Options profit calculator: Unusual Whales presents a profit calculator with built-in techniques.
- Alerts: Users can set up custom alerts to acquire handy push notifications based on their own standards.
- Community: There is a large and engaged community on Unusual Whales and its Discord. This community facilitates the exchange of views and serves as a way to crowdsource techniques.
- Politician tracker: Unusual Whales features a “Politics” tab that permits users to track trades recorded by U.S. congresspeople. This is a fantastic way to capitalize on the legal, insider trading permitted by politicians.
- Dark pool feed: Unusual Whales also follow dark pool options trading activity, and users can filter the spread by ticker, premium range, and trade size.
- Options analysis: Unusual Whales delivers a wealth of analysis tools, including customizable charts, a technical chart from TradingView, day-by-day recaps of call and put prices, and current opportunity chains.
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Unusual Whales Pricing
Unusual Whales has a straightforward pricing structure, with only one paid plan offered alongside a limited complimentary plan. As you might think, the free plan is at no cost, but those who opt for the paid plan will spend $48 per month or $528 yearly. Users who decide to pay for the entire year upfront can keep 8% on their subscription.
Unusual Whales Review: The Pros & Cons
Pros:
- Real-time tracking of every single completed choice trade on U.S. exchanges
- Access to an active and involved community.
- Designed by retail traders, which means the platform is tailored to satisfy the needs of this specific audience.
- Includes a politician trading tracker, which can be useful for those who want to stay knowledgeable on the trading activities of political figures.
- Offers a mobile app, providing traders with flexibility and the capability to monitor trades while on the go.
Cons:
- Only one subscription choice is available, limiting flexibility for traders who may want more or fewer features.
- No unrestricted trial of paid plans is offered, which could make it difficult for new traders to determine if the platform is the right fit for them.
- The complementary plan is quite limited.
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Unusual Whales Alternatives
Unusual Whales is an amazing tool that can be utilized to spot opportunities in real-time. For a more complete approach to trading, you should be utilizing it in tandem with other tools out there. One such tool is Rockwell Trading and its PowerX software.
Rockwell Trading also presents a vibrant community to bounce ideas off and coaching programs for those desiring to take their trading to the next level.
Is Unusual Whales Right For You?
When it comes to options trading, having access to real-time data on every single options trade, across all U.S. exchanges, can be a game changer. And that’s precisely what Unusual Whales offers. But is it the proper platform for you?
For professional options traders who can interpret and capitalize on order flow information, Unusual Whales is a complete platform with strong tools. However, it doesn’t provide much guidance, so traders are required to know how to make that information actionable.
Of course, Unusual Whales isn’t for everyone. Those who choose specific options trading alerts may choose a service like Motley Fool Options. Regardless, if you want to bring your options trading to the next level, Unusual Whales is definitely worth considering.
