Cheddar Flow Review
Ease of use
Are you looking for a service that can help you find the right trading options? Cheddar Flow is a platform designed to help users keep track of unusual options activity in real time. This platform allows users to filter and sort the flow of options based on various factors, including activity, bookmark symbol, industry, and more. Cheddar Flow includes features such as an option command flow scanner, an overview, a graph, and an unusual option order volume module. Is this platform suitable? Check it out in our full review of Cheddar Flow.
About Cheddar Flow
Cheddar Flow is a platform for tracking unusual options activities in real time throughout the trading day. The platform facilitates the ordering and filtering of options based on the symbol, activity, sector and more. In addition, you will gain access to advanced TradingView charts to help you make trading decisions.
So can Cheddar Flow help you spot viable business opportunities? Our Cheddar Flow review will cover everything you need to know about this platform.
Cheddar flow pricing options
Cheddar Flow offers two levels of subscription: Standard and Professional. The standard plan costs $ 85 a month and gives you access to most Cheddar Flow data and tools. However, you won’t get dark pool options flow data, custom view lists, or desktop alerts. These features are available through the Professional plan for $ 99 per month or $ 891 per year.
You can try the standard Cheddar Flow plan for free for 7 days before committing to the service.
Cheddar flow characteristics
Options Flow Scanner
The options command flow scanner is the center of Cheddar Flow. This module gives you an overview of all the options that are occurring in the market during the current trading day and provides you with the tools you need to make sense of them.
For starters, Cheddar Flow shows you all the option order data for the main option exchanges in a table. For each contract that is negotiated, you can see details such as the strike price and expiration date, the volume negotiated, and the premiums paid. The platform also uses an algorithm to identify sweeping operations, which are large-scale operations (usually put in place by institutional investors) through multiple exchanges simultaneously.
Usefully, Cheddar Flow automatically calculates the total number of call contracts and contracts for all options orders in the scanner table, as well as the call ratio. Based on this, the service evaluates the flow of general options such as bullish or bearish.
Cheddar Flow gives you several filtering options to access specific actions or specific types of option activities. First, you can click on any stock ticker in the scanner table and Cheddar Flow will instantly filter the results based on that ticker. You can also search the table using a bookmark or filter symbol according to one of your display lists (professional subscribers only).
Cheddar Flow also allows you to view flow data ordering options based on a variety of actionable features. For example, you can search for orders with a higher volume than open interest or contracts with an implied volatility of more than 50%. You can also search for repeated call activities, open orders, unusual orders, or moneyless options.
You can combine any of the Cheddar Flow filters to create a custom scan. In addition, the platform provides you with a few basic filters for premiums, order size, expiration date, contract price, and market segment to help you refine your scan results.
In particular, Cheddar Flow is not limited to current day’s option order flow data. You can access data that dates back 1 year and sort it using the same scanner filters as above.
Options Order Flow Overview
You can also use Cheddar Flow to learn more about the flow of option orders in the market. The overview module allows you to see which actions are experiencing the most bullish or bearish option order flow. You can also see which market segments are experiencing the largest option order flow. Data is available for the current contribution day, the previous contribution day, the current week or the previous week.
Cheddar Flow makes it easy to delve into this activity. Just click on any stock sector or stock exchange and the platform will show all the options of contracts that are being traded for that stock or sector in an sortable table.
Unusual options Order volume
The Unusual Options Order Volume module displays all values that experience an unusually high option trading volume during the current trading day. The table shows not only the volume of contracts being negotiated, but also the distribution of these contracts through the bullish, bearish or neutral sentiment. You can also see what percentage of call and sell options were bought above the bid price compared to the purchase price or at a price halfway between the two.
Cheddar Flow provides technical charts for TradingView so you can research more stocks with interesting option order flows. The charts offer price data at one-to-one-month intervals, as well as hundreds of customizable technical indicators. You can also compare multiple actions on the same chart.
For each action, Cheddar Flow provides a brief overview of the company and its recent financial behavior. This includes data on earnings for the last 4 quarters, as well as profit and loss accounts for the last 4 years.
Customization and design of the Cheddar stream
Cheddar Flow offers a limited amount of customization. You can save a combination of option flow filters as a custom layout to quickly return to the same scan settings. While display lists are supported and can be used to filter option order flow data, they are only available to Professional plan subscribers.
Cheddar flow platform differentiators
Cheddar Flow is an option command flow scanner that is impressively easy to use. While more expensive than comparable services like Optionsonar and Market Chameleon, it does include some unique features.
The platform allows you to easily find the orderly flow of more interesting options with filters such as repeat call activity and unusual options. The platform also identifies sweep and lock orders so you can quickly identify institutional money moving through the options market.
Overall, Cheddar Flow modules work well together to give you a clear idea of which stocks experience the most activity and whether that activity is bullish or bearish. The ability to access historical data, both from the previous week and year-round, is also an important advantage for traders who want to see how a bullish or bearish momentum has accumulated around a stock.
What type of trader is Cheddar Flow best for?
Cheddar Flow is best for anyone who wants to use options flow data to inform their businesses. This includes both stock and option traders, as the information provided by Cheddar Flow is useful for reporting whether activity around a stock is bullish or bearish. The platform also makes it easy to see what institutional traders are doing and spot trading opportunities based on an unusual volume of options.
While option order flow analysis is best suited for experienced traders, the Cheddar Flow interface is simple enough for beginners to learn quickly.
- Keep track of sweeping operations placed on multiple bags
- Numerous filters to sort options command flow data
- Last year’s historical options order flow data
- Perfect user interface with sortable tables
- TradingView charts and key data
- Alerts and display lists require a professional subscription
- There is no built-in news feed
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