You don’t have to be an options trader to find options data useful. Many traders do not use options but use the information to inform their trading decisions. Paying attention to unusual options alerts can give you an idea of patterns and what traders with big money think of the stock. Keep reading to find out the three different ways to access option information in Benzinga Pro.
What is an option?
Options are contracts that give you the right to buy or sell a stock at a predetermined amount on a certain date. It should be noted that this gives you the right to do so, but you are not obliged to do so. If you wish to use the contract, you must do so before the expiration date.
There are two types of option contracts: put options and call options. Put options allow you to sell stocks and call options allow you to buy stocks. Each contract is for 100 shares.
Learn more: How to understand option alerts
How to Find Options in Benzinga Pro Using News Feed
In the Benzinga Pro news feed, there is a source called Benzinga Signals. This is different from the Signals tool and includes things like options alerts, trading stops, highs/lows, and block trades. You can filter this tool according to your needs, so that you can only see options alerts, and filter it even more to suit your trading strategy.
Here’s how to set up your News Feed for option alerts:
- Open a brand new newsfeed
- Select source of Benzinga signals
- Enter a keyword: Options Alert
- Add additional filtering using categories, sectors or watchlists, if desired
- Enable desktop notifications if desired
Read more: How to use signals in Benzinga Pro
Another tool in Benzinga Pro is the Signals tool. This tool contains premium data, so option activity data is available as an add-on.
For this tool, all you have to do is open it and select Option Activity. From there, you can keep it as is and have a continuous stream of unusual options activity, or you can add filters such as your watchlist, fundamentals, price, volume, etc. You can also choose from desktop notifications, sound alerts, or synthesized voice alerts if you want.
Read more: How to find unusual options activity
The final place in Benzinga Pro that you can use to find options is the Calendar tool. This also requires the premium options data add-on and is great for getting an options trade history.
To set it up, all you have to do is open the Calendar tool and select the Unusual Options activity calendar. You can also add filters, change dates or watchlists to narrow down your results.
Read more: How to use Benzinga Pro calendar tool
However you’re looking to find option information, Benzinga Pro lets you see it. If you haven’t tried Benzinga Pro yet, click here to start your free two-week trial.
Disclaimer: Benzinga is a news agency and does not provide financial advice or make stock recommendations or offers to buy stock or sell securities. Benzinga Pro is provided for informational purposes and should not be considered a recommendation. Benzinga Pro will never tell you whether to buy or sell a stock. It will only inform your trading decisions. You can find our full disclaimer here.