Cheddar Flow vs Unusual Whales 2024: What is the difference?

Jeremy Biberdorf
By: Jeremy Biberdorf
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Options order flow platforms have revolutionized the way retail traders navigate the options market, offering access to a wealth of information that was once the exclusive domain of institutional investors. These platforms provide real-time feed of options order flow, helping traders decipher market sentiment, track smart money, and develop profitable trading strategies.

From tracking unusual options activity to monitoring dark pool activity, these platforms offer a myriad of tools for the active trader. Two such platforms that have garnered significant attention in 2023 are Cheddar Flow and Unusual Whales.

Cheddar Flow is Better for:Unusual Whales is Better for:
Real-Time Options Order FlowComprehensive Unusual Options Activity Data
Custom WatchlistsOptions Profit Calculator
Desktop AlertsDark Pool Activity Tracking
Visualizing Options DataExtensive Filters for Options Data
Beginner Retail TradersAdvanced Retail and Institutional Investors
Affordable Monthly SubscriptionVariety of Subscription Plans

Why are platforms like Cheddar Flow and Unusual Whales so critical in today’s trading world? They provide a level of transparency and real-time data that allows traders to make informed decisions swiftly. And, unlike traditional trading resources, these platforms often come at a more affordable price point.

Cheddar Flow, with its user-friendly interface and clear visualizations, is a favorite among beginners seeking real-time options order flow data. The platform was launched with the goal of simplifying options trading for the average retail investor.

On the other hand, Unusual Whales, known for its comprehensive unusual options activity data and robust dark pool activity tracking, is a choice for both advanced retail traders and institutional investors. To learn more about the platform, check out our detailed Unusual Whales Review 2023.

Our verdict on Cheddar Flow vs. Unusual Whales will ultimately depend on factors such as your trading style, level of expertise, and specific trading needs. At Modest Money, we strive to guide you through the ‘buy’ phase and help you choose the platform best suited to your trading journey.

Cheddar Flow Black Unusual Whales Logo
Service Type Options flow tracking & analysis tool Options, Stock flow tracking & alerts tool
Fees As low as $75 (monthly) when paid yearly $48.00 Monthly
Best use For detecting unusual stock and option flow For monitoring big money movements in options
Current promotion

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Modest Money Overall Rating
4.5 rating based on 5 ratings
4.5 rating based on 5 ratings

Factor 1: Real-Time Options Order Flow Data

Both Cheddar Flow and Unusual Whales Excel For Real-time Data

  • Cheddar Flow shines when it comes to the delivery of real-time options order flow data
  • The platform is designed with an intuitive interface that allows traders to quickly grasp market movements
  • Unusual Whales specializes in tracking “smart money” and unusual options activity
  • The platform provides a high-detail options profit calculator and includes extensive dark pool data

Both Cheddar Flow and Unusual Whales are renowned for their prowess in providing real-time options order flow data. This feature is crucial for both the active retail trader and institutional investor who strive to monitor the pulse of the options market in real-time, and thereby seize the right trading opportunities.

Cheddar Flow

With Cheddar Flow, you get an options order flow platform that presents real-time data efficiently. For every options trade happening in the market, Cheddar Flow is there to provide you with the up-to-date information. Whether it’s tracking the “smart money,” deciphering the dark pool activity, or simply staying on top of the general options market, Cheddar Flow excels in delivering accurate and prompt data.

The user interface is designed with traders in mind, providing an intuitive layout that allows you to comprehend market movements at a glance. The ability to create custom watchlists, receive desktop alerts, and instantly incorporate this real-time data into your trading strategy sets Cheddar Flow apart.

To explore Cheddar Flow’s real-time options order flow data, you can click here to start a 7-day free trial and unlock current promotions.

Unusual Whales

Unusual Whales, on the other hand, specializes in tracking the “smart money” and unusual options activity in the market. The platform provides a comprehensive options profit calculator, a wide array of charting tools, and includes extensive data on dark pool activities, making it a valuable resource for any retail investor or institutional trader.

Moreover, the platform stands out with its robust trading idea generators, assisting you in formulating your unique trading strategy.

Cheddar Flow vs. Unusual Whales: Who Wins in Real-Time Data?

Both platforms provide strong real-time options order flow data feeds. Cheddar Flow stands out with its user-friendly interface and efficient data delivery, while Unusual Whales takes the lead in tracking smart money and providing extensive dark pool data. Your choice may depend on your specific trading style and preference for detailed data analysis.

Regardless of the choice, rest assured that both platforms are committed to equipping traders with the necessary tools to make profitable trades.

Factor 2: Unique Features and Tools

Unusual Whales Standouts With Options Profit Calculator and Dark Pool Activity Tracking

  • Unusual Whales’ options profit calculator helps you to gauge potential profits
  • The platform provides exhaustive dark pool activity data, helping you track institutional investor movements
  • Cheddar Flow allows you to create personalized watchlists and receive desktop alerts

Cheddar Flow and Unusual Whales are not just about providing real-time options order flow data, they also equip traders with unique tools to streamline their trading strategy and make better-informed decisions. Let’s delve deeper into the standout features of each platform.

Cheddar Flow

Cheddar Flow stands out with its ability to customize and streamline your trading experience. The platform allows you to create custom watchlists where you can track specific options of interest. This feature is ideal for the active trader who wants to focus on particular market movements without the distraction of extraneous information.

Additionally, the platform offers desktop alerts, a feature that ensures you never miss critical trading opportunities. This real-time alert system informs you immediately when significant trading activities occur, allowing you to react promptly and optimize your trading strategy.

Unusual Whales

Unusual Whales, conversely, shines with its innovative tools like the options profit calculator. This advanced tool helps you calculate potential profits and losses, taking into account variables such as the strike price, allowing you to make a more informed decision.

In addition, Unusual Whales provides exhaustive dark pool activity data. This feature helps you track institutional investor movements, providing insights into the “smart money” activities which can often influence market trends.

Cheddar Flow vs. Unusual Whales: Unique Features 

While Cheddar Flow offers customized watchlists and timely desktop alerts, Unusual Whales impresses with its options profit calculator and dark pool activity tracking. Both platforms offer unique tools tailored to meet different trading needs.

Your preference between the two may depend on whether you value a personalized and prompt trading experience (Cheddar Flow), or an in-depth profit calculation and institutional activity tracking (Unusual Whales).

Regardless of the choice, both platforms are geared towards making your trading activity more efficient and potentially more profitable.

Factor 3: Subscription Plans and Pricing

Unusual Whales Provides a More Affordable Offering at $48/Month

  • Cheddar Flow provides 2 Subscription Offerings: Standard and Pro
  • Cheddar Flow Pro Plan can be as cheap as $75/month when paid yearly

The choice between Cheddar Flow and Unusual Whales may ultimately come down to subscription plans and pricing. Both platforms aim to provide value for their cost, catering to different budget preferences and needs.

Cheddar Flow 

Here’s a rundown of the available plan options to help you choose the one that best suits your trading strategies and requirements.

Standard Plan: Priced at $85 per month, this plan is a great starting point for traders who are new to order flow or simply want access to options data. Features of this plan include real-time order flow, advanced filters, unusual volume data, flow overview insights, and on-demand historical data. Subscriptions to the Standard Plan are on an auto-renew basis. What’s more, Cheddar Flow offers a free 7-day trial for this plan, so you can test out the service before fully committing to it.

Professional Plan: This plan is the most popular among Cheddar Flow users. At $99 per month, it’s designed for experienced traders who want more data and are ready to level up their trading strategies. It includes all the features of the Standard Plan, plus the ability to build a custom watchlist, get updates on dark pool prints/levels, and receive AI-powered alerts and desktop notifications. The Professional Plan is auto-renewable, but does not offer a free trial period.

Pro Annual Plan: This is the most cost-effective option for full-time traders experienced with order flow, priced at $75 per month. However, the fee is paid up-front for a year, enabling you to save 25% compared to the monthly payment options. The Pro Annual Plan includes all the features of the Standard Plan, a custom watchlist builder, updates on dark pool prints/levels, AI-powered alerts, and desktop notifications. Similar to the Professional Plan, the Pro Annual Plan does not come with a free trial period.

Each Cheddar Flow plan is tailored to meet your unique needs, whether you’re a beginner, an experienced trader, or a full-time professional. With these robust subscription options, you can select the one that most closely aligns with your trading style, data requirements, and budget.

Unusual Whales 

Here’s a closer look at the available subscription option:

Super Live Buffet: This plan is priced at $48 per month or $528 per year, offering comprehensive, real-time information on every options trade across all US exchanges. Subscribers to this plan can access downloadable intraday and historical time and sales data feeds, with asterisks indicating that these data downloads are exclusive to annual subscribers. It also provides option contract charts displaying intraday and historical activity for all options chains.

Additionally, the Super Live Buffet subscription offers a range of proprietary tools, including the Market Tide market sentiment gauge, as well as a news feed that includes market updates on analyst price targets, insider buys, sales, and more. Subscribers can also access real-time data feeds for dark pool and lit exchange activity from institutions and whales.

Unusual Whales also offers unique benefits to owners of Unusual Whales NFTs. Holding one of these NFTs grants access at a level commensurate with the discontinued delayed subscription tiers.

This comprehensive plan is tailored to help traders and investors keep a finger on the pulse of the market, providing essential data, insights, and tools to make informed trading decisions.

Cheddar Flow vs. Unusual Whales: Pricing Face-Off

In terms of cost, the monthly subscription of Unusual Whales’ Super Live Buffet is more affordable than any of the Cheddar Flow plans. 

However, the specific choice between Cheddar Flow and Unusual Whales will depend on your individual trading needs, the specific data you require, and your budget. It’s also important to consider factors like the type of customer support, ease of use, and the user interface when making a decision.

Cheddar Flow vs Unusual Whales: The Bottom Line

Cheddar Flow and Unusual Whales are both powerful platforms that provide retail and institutional investors with real-time options order flow data, unique tools, and a plethora of features to make informed trading decisions. However, the choice between the two will ultimately depend on your unique needs, trading strategies, and budget.

Cheddar Flow stands out with its user-friendly interface, efficient delivery of real-time options order flow data, and the ability to customize your trading experience through features like custom watchlists and desktop alerts.

This platform may be especially suited to those who value a simplified and efficient trading experience and are willing to invest a bit more for a smooth, streamlined user interface.

If Cheddar Flow’s detailed options order flow feed, custom watchlist, and desktop alerts appeal to you, you can learn more about it by clicking here.

Learn More About Cheddar Flow

On the other hand, Unusual Whales excels in tracking “smart money” and unusual options activity. With its options profit calculator and comprehensive dark pool data, Unusual Whales might be the better choice for those who want a deep dive into data analysis, have a keen interest in following institutional movements, and are looking for a slightly more affordable option.

If Unusual Whales’ approach to revealing smart money moves and its comprehensive options profit calculator sound good to you,click here.

Learn More About Unusual Whales

In terms of pricing, Unusual Whales offers a more affordable monthly subscription, whereas Cheddar Flow provides different tiers of subscription plans that can be customized according to your requirements and experience level.

Both platforms offer valuable tools and features to assist you in your trading journey. It is advisable to take advantage of their trial offers to explore each platform and see which one aligns best with your trading style, needs, and budget. Your personal preference, trading style, and specific trading needs will ultimately determine the right choice for you.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.