Curious to hear if any of you are trading options and if you are if you're following any UOA(Unusual Options Activity)?
If you do are you using a service manually(watching the data on a service/website) or tapping into a API to analyze data locally etc?<p>Thanks
Long time ago i did that.<p>But for every amazing win there were tons of trades where losses would offset these wins.<p>That was manual work.<p>I still would consider it as an interesting approach to do it via API's and ML/AI models.<p>For every major announcement that shakes the market - there is <i>always</i> someone who knew and couldn't hold his hands steady. Thus option trade spikes. Fun to explore.
UOA has never really helped me. I haven't run into a trade that I am taking which had unusual options activity. I mean it would be listed, but didn't give me enough information to agree/disagree with me. Granted I only looked at barcharts when I was investigating it.
It is all BS imo. There is a guy in CNBC who always spits out companies with UOA every week. I believe he only brags about the winners and conveniently shoves the losers under the rug (and there are a lot of those)