Finding Options Plays Before the Crowd
Hey guys, made a survey about a month ago trying to figure out what people would want in an app that screens options orders that we flag as unusual. We’re currently calling it Lantern Options!
So the app is comprised of a few key things:
The options Flow. this is where people can see what’s happening in the options market in real-time. we flag a bunch of different types of transactions by size and timing and give the users unusual movement. They can use this as a sort of indicator into what smart money thinks about various stocks and how quickly they think it’ll move.
For each contract, we provide a historical look into the key metrics like premium paid for it, volume, open interest, bid-ask and historical greeks up to a month ago. This way users can see whether an options contract is fairly priced or actually tradable based on all these key metrics.
For the company page we’re giving price history (soon to be prices directly from NASDAQ) and key metrics about the company like fundamentals, profile information, recent filings and we’ll be following up shortly with additional pieces of information like analyst ratings, sentiment and newswire reports. We’ll be expanding this to offer more generalized options information as well.
You can check it out at uselantern.com or on the apple app store
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April 24, 2021 at 10:19AM