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How to track unusual options activity

It is always in your best interest to have as much information as you can before you decide to enter the highly rewarding but risky options market. If you want to learn a very powerful trading strategy that brings a lot of profit, you should know about unusual option activity scanner

Warren Buffett, known as the Oracle of Omaha, described options as “financial arms of mass devastation”. Although the options market might not be suitable for all traders, for those who are experienced, they offer advantages and protection that cannot be matched by other more conventional investments.

With the availability of a wealth of data on the Internet, you can now access many applications, tools, charts and graphs related to the options market. But don’t let yourself be fooled by the idea that it is enough to make a profit. To do so, you will also need technical and fundamental analysis, as well as an understanding of relevant developments in the market, such as scheduled earnings announcements, FDA meetings and purchaser conferences.

It is understandable that if you are a newcomer to business you might be confused by all the information.

You should start by looking at a couple of options that have been generating a lot of buzz in the industry. For reasons that you do not know, there are some select individuals who are performing at a level far beyond their average daily performance. They are definitely out there. Untrained eyes may not be able to spot them.