In this Optionsonar review, I will walk you through all the unusual trading activity scanners for options traders from the perspective of a subscriber. Does Optionsonar rank in the top option trading services? Let’s take a closer look at the platform.
This Optionsonar Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Pros: What I Liked
The alerts are highly customizable
Insightful visualization of unusual options trades
Has a free trial period
Cons: What I Didn't Like
Pricey paid plans
Layout of the pages can't be change
Only supports one watchlist
You probably discovered Optionsonar for the same reason you might have come across any other financial newsletter, trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than make up for the losers.
But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about Optionsonar, keep reading.
What Is Optionsonar?
Optionsonar is a platform for monitoring unusual options activity and tracking traders’ outlook on the market through options. The service does a good job with visualization and provides customized scans and alerts to help put actionable trading information in front of traders. However, since Optionsonar is not inexpensive, it is best suited for options traders who can perform the legwork necessary to go from data on unusual activity to lucrative trading.
Optionsonar Options traders analyze the unusual options activity to know short term market trends. Option Sonar helps you follow the smart money into Wall Street’s most interesting stock option trades. You can identify huge volume orders that might cause a jump in the underlying stock price by following where the smart money is moving.
How Does Optionsonar Work?
Optionsonar gives an unusual activity scanner to enable options traders track any unexpected happenings on Wall Street that influence their stock. The system enables dark pool orders and block trades, as well as giving multiple option scanner.
This enables an options trader to search for new and opening positions where contract volumes exceed more than the open interest during the previous trading day. Their most prominent scanner is used to monitor net unusual options activity.
This covers major ETFs and FAANG stocks throughout the market, providing readers with a thorough market overview. There are many versions of this option scanner available, with each focused on any unusual options activity among option contracts with expiration date within a week, month, or even longer.
Data picked up from the options scanners include:
- Options Prices
- Technical Analysis Sentiment
- Strike Price
The scanners produce alerts and provide push notifications to consumers who want better precision regarding options traders. Furthermore, Optionsonar enables customers to filter trades at any moment to get more precision.
You may also change your filters and change the scanner criteria on the fly. The tool shows the number of traded options contracts that are accessible. Optionsonar insights let you compare the greatest daily volumes and see expiration dates.
You may also choose from out-of-the-money (OTM), in-the-money (ITM), or at-the-market (ATM) options. Optiononar also provides an order flow screener that uses multiple visualization tools and several adjustable parameters.
Optionsonar is perhaps the leading options trading research service. It is a browser-based application that offers a thorough analysis of the options market as well as a detailed overview of major market changes that outline trading activity with institutional investors.
What Does Optionsonar Include?
Optionsonar’s four packages each include unique features that allow customers to monitor unusual activity seamlessly. The free Preview edition provides users with a watch list of up to three stocks as well as a delayed Unusual Options Activity Feed. It’s also important to note that the free plan has a three-hour data delay.
Unusual Activity Scanner
The unusual activity scanner tracks an unusual activity stream and trading log while giving an unlimited stock watch list. This package can also analyze block trades and dark pool orders.
Multiple Options Scanners
This package includes everything in the unusual activity scanner package, plus view new and open positions. Option sweeps may also be done with a sweep scanner. You also get push notifications through your web browser.
Multiple Options Scanners & Alerts
You get text messages and email alerts for any data connected to unusual activity when you purchase the scanners and alerts package. However, since they are intended to be monitored by traders on a regular basis, their default scanners do not allow for much customization.
Block Trade Scanner
This block trade scanner is more visually appealing since it is color-coded using moneyness and shows graphics that show block trade sizes in connection to the activity around the traded option contracts.
Alerts & Watch List
Alerts and watch lists are also supported by Optionsonar. Alerts may be easily customized. They may be used to the entire market or to particular stocks and ETFs. You may set limits based on the amount of time to expiration, total amount traded, and more. You can also create alerts directly from the order flow screener.
The watch lists work in a similar way to the standard scanners provided by Optionsonar. You can easily check the net unusual option activity and find a table of all unusual option trades made for the stocks you are interested in. Just keep in mind that you can only have one watch list, even if you may filter trades by volume and expiration date.
Optionsonar offers a free tier plan as well as three paid ones. The free preview plan delays data by three hours and limits you to three stocks per watch list. Let’s now look at the paid plans, the cheapest of which begins at $35 a month. This tier includes the unusual activity scanner and serves as a starting point for learning how the platform operates.
The following package includes numerous scanner options and cost $75 per month. Finally, for $109 a month, you can get access to all of the features in the first two plans as well as alerts. It’s also important to note that if you buy for a yearly membership, you may save up to 30%.
Is Optionsonar A Scam?
So, is Optionsonar a scam? Not technically. You can make money with it, but it’s definitely not as easy as Optionsonar makes it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risk.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“xyz grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Optionsonar?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money From Home In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3. Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Option Sonar which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.