How to use the option data tool to use the boss option strategy for free?

Options are a magical tool in investment, which allows you to make money when stocks rise, fall, fluctuate, and even during consolidation. Learning and using options correctly can help you maximize your potential returns with less risk.

Unfortunately, many novice friends do not know how to choose call-over prices, expiration dates, or how many options to buy and sell when buying and selling options. However, what you do not know is that you can obtain all the information about buying and selling options from bosses and institutions for free. Not only can you see their buy and sell orders in real time, but you can also anticipate the trend of trading time by learning boss trading.

In the process of trading options, besides gaining a deep understanding of theoretical knowledge, the most important thing is practice. In the investment market, the capital flow of institutions and bosses is the real dominant force in the market. They have more insider information, more comprehensive tools and analysis networks. Many people think that the trading of institutional bosses is not public, so today I will teach you how to obtain this information for free.

According to an interview with Option Alpha, the price of a stock option for one year is around $500. Note that this is one stock, not 3,000 stocks, and only one year of data. For 3,000 stocks, one year of data would cost 1.50 million dollars.

Due to the high cost of option data, the price of option platforms is also very high. The author has used many option data platforms, such as the earliest Trade Alert, which was $350 per month. What you get is a computer system end point-like interface. After entering the command, you can see the options trading of large institutional orders.

Later, I started using Flow Algo, a large order data TTpush of an options institution, which costs $129 per month, half the price, and the interface looks much better. However, those who have used Flow Algo know that although the price is half the price, the data is lost several times, and many meaningful trading data are missing. I don’t know if it is intentional or a loophole in the system. Although Trade Alert is difficult to use, at least the data is more complete.

Many friends are doing quantitative and intraday trading, and they recommended a more niche but useful data source to me. The key point is that it is free. It is Quantum Option Group, whose Chinese name is Quantitative Options. It is a contracted partner of OPRA, the largest options data provider in the US. They not only have more comprehensive data, but also more accurate information. They also have a Chinese version. The website has a complete real-time push platform for options teaching, which is now well-known as DISCORD. For novice friends, I strongly recommend using their permanent free push to learn knowledge and increase your winning rate by observing how institutional bosses operate.

By observing how institutional bosses operate, one can increase their own winning rate while learning knowledge. Here’s an example: Tesla has recently had a very strong increase, but before it could rise, many large orders of over one million options institutions had already appeared.

Moreover, you can observe and know that large orders are executed at the selling price, which is very important. Everyone knows that Limit Orders can also be placed in the stock market. That is to say, you only buy when the stock price falls to a certain level, but when you are extremely optimistic or know some news, you will buy at the market price, or even buy higher than the market price. What does it mean to have a large amount of capital and an urgent mentality plus multiple transactions? Everyone can think for themselves.

During the operation stage, we can choose traditional trading platforms such as Interactive Brokers, Tiger Securities, etc., or we can choose trading platforms that can simultaneously trade digital currencies, US stocks, Hong Kong stocks, and US stock options, such as BiyaPay.

Investment involves risks. Trading requires caution. Let’s learn and progress together on the road of investment!