How to Screen for Unusual Options Volume and Stock Price Action with Market Chameleon Stock Screener




Market Chameleon Webinar: Mastering the Stock Screener for Trading Opportunities

Unlock the full potential of Market Chameleon’s Stock Screener with this in-depth tutorial! Learn how to identify trading opportunities by filtering stocks with unusual options volume and bullish price action, combining advanced analytics with actionable insights to refine your trading strategy.

Key Topics Covered:

Unusual Options Volume:

Discover how to filter stocks with significantly higher options trading volume compared to their historical average.
Learn how to use Relative Option Volume to pinpoint stocks showing strong market interest.
"Relative option volume takes the ratio of today's option volume and divides it by the average daily volume over the last 90 trading days."

Bullish Price Action at the Open:

Identify stocks with a 2% or greater opening gap from the previous day's close, signaling strong market demand.
Use filters to focus on stocks with upward momentum after the market opens.
Sustained Price Momentum:

Apply the “Change from Open” filter to spot stocks that continue gaining 2% or more after the opening gap, confirming strong buying activity.
Minimum Spot Price Threshold:

Exclude lower-priced stocks by setting a minimum spot price, such as $10 or higher, to focus on your preferred price range.
"Maybe you're looking for something that's a little bit higher price. Maybe under $10 isn’t of interest to you."

Saving Custom Presets:

Simplify future screening sessions by saving filter combinations as presets, enabling quick and efficient analysis.
"That's one example of how to use the stock screener, and I used the three conditions referenced as the starting point."

What You’ll Learn:

How to navigate Market Chameleon’s Stock Screener to analyze thousands of stocks.
The significance of combining unusual options volume with price action filters.
How to streamline repetitive screening tasks with custom preset filters.

Key Takeaways:

Narrow Your Focus: Find stocks that meet your trading criteria quickly and efficiently.
Spot Momentum Plays: Identify stocks with strong bullish trends and potential upside.
Save Time with Presets: Optimize your workflow by reusing saved filters for consistent analysis.

Watch this tutorial now and elevate your trading game with actionable insights and Market Chameleon’s powerful tools!
Link to Market Chameleon  Tool Used in this Video https://marketchameleon.com/Overview/NVDA/Stock-Price-Action/VWAP