OptionHacker scans thousands of option orders each day to apply the same proprietary filters used by professional market makers. The result is a series of 15-25 real-time notifications for trades placed by hedge funds, banks, and other major institutions that have a high probability of success.
Using the same technology employed by every major institutional trading desk, OptionHacker processes ultra-low latency market data to monitor all trading activity across the 12 exchanges where equity options are traded.
Options are traded for one of two reasons - as directional speculation (upside or downside) or as hedge against a stock position. OptionHacker filters out all but the most speculative orders, thus providing users with highly actionable trade setups.
Alerts are delivered in real-time via web browser pop-up, with average latency of <100 milliseconds from the time of the original order fill.
Upon startup OptionHacker displays all previous signals from the current trading session, so traders always have access to current market insights.
Some top-performing orders to have recently hit OptionHacker are:
48 Hour Spike Scanner is the only Unusual Options Activity Scanner in the World for the Swing Trader.
It flags trades where volume is greater than open interest in those weekly options that expire within a week. These options will flag CALLS only and will expire between 5-35 days out so average hold time will be 2-3 days.
DayTrade Scanner is the only Unusual Options Activity Scanner in the World for the DayTrader.
It flags trades where volume is greater than open interest in those weekly options that expire within a week. Since they have high theta, they also have high gamma which means high risk and high reward.