Unusual Options
This indicator take a filtered list of option trades that fit a "uniqueness" criteria and plots them within your TradingView chart to help identify swing points, continuation of trend, reversals, etc in a given security. The focus of this data is on the MAG-7, indices, and stocks that move the markets day to day rather than housing data for all stocks.
Because of the difficulty in housing data on TradingView, these trades are updated once daily at 11pm EST.
The list of tickers covered by this indicator:
"QQQ",
"SPY",
"AAPL",
"GOOGL",
"GOOG",
"AMZN",
"MSFT",
"NVDA",
"TSLA",
"META",
"NFLX",
"AVGO",
"LLY",
"WMT",
"JPM",
"XOM"
How to Use It
1. Add this indicator to your chart (daily timeframe only)
2. Note the 3 different types of options that are listed ("Puts Sold", "Calls Bought", and "Puts Bought")
Puts Sold
- These trades typically indicate sharp money interest at a particular level. For example, if puts are sold on NVDA at $100 and the current price is $120, you can be fairly certain that there will be material buying activity at $100, should the stock get there
- For this reason, this indicator draws "levels" using Put Sale strikes
- To get the most out of this indicator, you would look at the Put Sale levels and see if there is confluence with other signals you have
Calls/Puts Bought
- These trades represent directional bets by sharp players
- Because timing is important with options due to theta decay, these notable trades can signal a potential turning point in a stock
- To get the most out of these, look for out of the ordinary call/put volume on a stock
- Option trades are printed on the candle of the day they were opened
- By hovering over a trade "Calls Bought" or "Puts Bought", a tooltip will appear listing all the details of those trade(s)
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Market_Weather directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Market_Weather directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.