🚨Option Alerts
RIGGED sends option alerts when unusual trades are detected. There are four different alert types; BOMBS, SWINGS, CHASE and LOTTO.
Each alert comes with an AI weighted score where 1 is roughly equal to 1000. There is no statistically significant correlation between score and profitability, which means 500 score bombs make money just as often as 300 score.
Traders should consider PS (position score) and strategy before score.
ALERT TYPES:
BOMBS
Large option trades.
BULL BOMBS = bullish option flow (calls bought and puts sold).
BEAR BOMBS = bearish option flow (puts bought and calls sold).
SWINGS
A large option trade after a swing in volatility.
BULL SWING = bullish option flow after the price of the underlying has rapidly decreased.
BEAR SWING = bearish option flow after the price of the underlying has rapidly increased.
CHASE
Large option trade that "chases" the price action. BULL CHASE = bullish option flow after the price of the underlying has rapidly increased.
BEAR CHASE = bearish option flow after the price of the underlying has rapidly decreased.
LOTTO
Out of the money (OTM) trade for 1000+ contracts.
Extremely high risk / high return alert type, traders should treat lottos like their name either 100% or 0%.
ALERT TERMS:
SCORE - AI weighted value of the option trades where roughtly 1 = 1000 in premium STRIKE - dollar value for option contracts show on the chart with a red line (every dollar for SPY & QQQ, varies for stock flow) SPOT - the price of the symbol at the time of the alert
V (Volume) - change from the 14 day average where higher (over 110%) equals more tradeability
PS (Position Score) - the sum of the change between the sport price and the open, intraday high and intraday low.
Higher PS = more BULL risk
-1 to 1 PS = neutral for BULLS & BEARS
Lower PS = more BEAR RISK
BL (Blue Line) - the change from open price for the symbol.
WIN RATE - the percentage of 100%+ returns no stop loss consideration in the past 14 days for the alert type and PS. FR (Florb Ratio) - a modified version of put call ratio where values below 0.7 are bullish and above bearish.
START - the price for the strike at the time of the alert
LIVE - the current price for the option (delayed by 1m)
MAX GAIN - the highest percentage change from the time of the alert
MAX DRAWDOWN - the lowest percentage change from the time of the alert to max gain
STRATEGY GUIDE - basic strategy to know whether you're at an advantage or disadvantage.
PS - preferred values
Size - recommended trade size
Session - preferred sessions
Target - potential profit target
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