ℹ️ Alerts are sent between 10 AM - 4 PM EST.
How do you read the 🔔 Alerts?
- -Please visit the Alert Doc for a breakdown of the information provided in the alert.
- -All of the terminology used, with the exception of the emojis, is standard options verbiage.
Where can I view the 🔔 Alerts?
Free alerts can be found on the 🐳@unusual_whales Twitter account as well. Please read the ‘📃 Unusually General Questions’ portion of this FAQ for information on how you can receive the free alerts on your own Discord server.
What determines whether an 🔔 Alert is ‘premium’ or ‘free’?
While we can’t discuss the internals of the bot we can provide an explanation into the theory behind alert determination. When the bot detects unusual activity the alert is placed into one of two queues. The premium alert queue takes priority over the free alert queue. If the premium alert queue is full alerts will be sent to the free alert queue. Premium users receive all alerts (including free alerts) with zero delay. Free users receive only free alerts, accompanied by the 5-12 minute delay. While premium alerts produce winners at a slightly higher clip than free alerts, there is nothing fundamentally different about the premium and free alerts.
I see Calls being marked as bearish and Puts being marked as bullish. Why is that?
Calls are not necessarily bullish, and puts are not necessarily bearish. Alerted calls that are labeled bearish (🐻) imply that a large portion of the activity on the alerted strike was on the bid side (🦴), and alerted puts that are labeled bullish (🐂) imply that a large portion of the activity on the alerted strike was on the bid side (🛍️) as well. Keep in mind that this is assuming these transactions were being opened as opposed to closed.
Call on the 🛍️ Ask side = 🐂 Bullish
Call on the 🦴 Bid side = 🐻 Bearish
Put on the 🛍️ Ask side = 🐻 Bearish
Put on the 🦴 Bid side = 🐂 Bullish
(Assuming ‘to open’)
If you are unfamiliar with these concepts please reference ‘📝 4 ways to trade options’.
Are these alerts positions taken by the Unusual Whale? Do you give entry/exit alerts? What about stop losses?
All of the information provided by Unusual Whales is simply that: information. The alerts are produced by an algorithm that flags certain optain chains due to their unusual nature. There is no human element behind them. As such entry and exit is entirely up to you! The alerts are not a recommendation to buy. Please practice sound portfolio management and set responsible stop losses.
Are these buys or sells?
As the alerts can be trigged by one or more transactions they can’t exactly be a ‘buy’ or ‘sell’. Please read the 📝 Unusual Alerts doc for more information. As such every transaction involves a buyer and a seller. We can determine that an option is bought or sold based on the price the contract(s) changed hands for at the time of the transaction. If the transaction occurred at or closer to the current bid price, we can assume that the contract(s) were sold. Conversely, if the transaction occurred at or closer to the asking price we can assume that the contract(s) were bought. Always verify via the alert page to see whether the contract(s) were bought or sold.