Let’s see if we can point you in the right direction.
Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Your use of ideas, systems, and/or data provided by Unusual Whales are at your own risk and it is your sole responsibility to evaluate the accuracy, completeness, and usefulness of the information. Please read the terms.
A strategy, spreadsheet, or other media being featured on this page is not an endorsement.
🌊 Flow and 🔔 Alert Analysis
Unusual Whales is an extremely versatile tool that puts an enormous amount of information at your fingertips. There isn’t a single best way to use it, and every trader will likely use it slightly differently than the next. We’ve put together this page so that you can hopefully find your bearing.
ℹ️ This page is under construction. Bear with us if things are a little out of place! Depending on your subscription level, one or more of the features mentioned on this page may not be available to you.
📺 Video Resources
on 📺 Youtube (8/27), discussing the flow feed, filters, aspects of the flow tool, and more. Other topics discussed include big weekly winners, options greeks, and other general options terminology.
on 📺 Youtube (7/30), talking about the Unusual Whales service, including the flow and how to read the alerts, all while answering viewer questions.
a 📺 4-part Twitter video detailing how he uses the Unusual Whales platform. Topics covered include Flow filters + charts, understanding the data, and more. WealthBrah walks you through his through process, and takes you through a trade.
A 📺 multi-part series Youtube user BearWithMe has where you can follow him reviewing the analytics and determining which variables are most important to consider when creating a winning strategy. Contrary to many of the old strategies that have been suggested in the past, he actually suggests that high volume and low open interest are some of the least impactful variables in selecting winning alerts.
📝 Newsletters, Analytics, Tweets and more
📝 THE YEET, authored by @YourBoyMilt, is an amazing newsletter with new postings weekly. You’ll find examples of how he utilizes the 🔔 Alerts in conjunction with his own technical analysis as well as the 🌊 Flow. He’s a frequent tweeter and a great resource.
🔬 An analytical approach
You can find detailed reports on how past alerts have fared on the 🐳 Analytics pages. ‘Optimal’ values for variables such as volume/open interest, the greeks, the emojis and more are discussed in great length. If you need some inspiration for custom notifications or some ideas on how to narrow your hunt consider looking through the Analytics reports.
The previous month’s spreadsheet will be made available sometime during the following month. All past alert data can be downloaded from the various analytics pages in excel format.
As mentioned in the 📝 Notifications Doc page you can change your settings to help you reduce the volume of alerts you receive. There is no best or right way to do this: you will have to decide for yourself.
If your notification settings are broad you will likely receive a large volume of alerts. This will impact the amount of time you can spend analyzing each one. Consider your personal situation, and how much time you can spend during the day trading. Please adjust your notification settings accordingly.
You’ll note that on your ⚙️ Notifications page you can enable “Runner” notifications. Please read the analytics for more on these, as these can be a nice way of riding existing momentum.
Please keep in mind that past performance does not guarantee future results and that an alert with ‘optimal’ values will not necessarily end up being profitable. Regardless of how you configure your settings, please do not blindly follow an alert after being notified of it.
You can find more user strategies on the 📝 Spears page.
📚 Misc. Resources
Here are some general strategies/tips/topics discussed on the Support Twitter Feed:
🐳 General Tips and Strategies
ℹ️ Remember: nobody can predict the movement of the stock market. Which alerts you decide to buy into will depend largely on your own risk profile, your amount of liquid capital, your personal understanding of different sectors, etc. Following alerts without doing your own proper due diligence will likely lead to poor results.
If you’re new to options and are trying to get an idea of how to better act on these alerts here are a few useful questions you should ask yourself when looking at an alert:
- What is unusual about this alert? How is it different than what I would expect?
- Is this company getting ready to report earnings or other important information?
- Am I confident in this position? What sort of hedge alerts or directional alerts have been alerted?
- Has this stock been in the news recently? If so, in what context?
- What is the general sentiment of this company?
- Does the alert justify current positions and thoughts I have about the market?
- Is there enough volume to make this unusual?
- What do I know about this sector? Do I know how equities within this sector trade?
- Is the volume to open interest ratio high enough? (High being generally defined as > 5).
When using the Flow tool and the accompanying charts consider…
Do you have enough of a sample size/how spread out is the data you’re looking at?
Are your premium filters appropriate for the market cap?
Are there longer dated contracts that might throw off the reading of the short term flow?
Consider the different angle we could examine by considering only transactions that occurred at the ask.
- Establish consistent profit taking/stop loss levels
- Everyone misses plays, but jumping in to get on the bandwagon is a good way to get burned
- Smaller accounts will be limited in the amount of exposure they can take on, so trade accordingly
- Keep your emotions out of trading. A bad day can quickly spiral out of control if you find yourself trying to recoup losses
- Going with the flow of the market is often easier than trying to catch the reversal
🐳 THE BLOG: Hear from the Whale himself on a variety of topics.