Is Market Chameleon the Best Unusual Options Activity Scanner

Jeremy BiberdorfBy: Jeremy Biberdorf

October 2, 2023October 2, 2023

 Market Chameleon

Imagine you’re on a treasure hunt, and you’re looking for hidden gems in the world of trading stocks and options. You’ve probably heard about Market Chameleon and wondered, “Is this the treasure map I need?”

If so, you’ve come to the right place! We’re going to chat about Market Chameleon and see if it’s a handy tool for finding those trading treasures. Stick with me, and we’ll figure out in this Market Chameleon review if this is the real deal.
Learn More About Market Chameleon

Pros and cons of Market Chameleon?


  • It has lots of tools, like a gap-and-go screener.
  • The options screener is strong and has 18 strategies.
  • It scans for market order and options volume imbalances.
  • It compares options and implied price moves.
  • Plus, it can backtest options strategies.


  • Most traders will likely need the Total Access plan.
  • Using it can be a bit tricky sometimes.

What is Market Chameleon?

In 2007, William McBride started Market Chameleon in Philadelphia. This best options trading alert service has been around for more than ten years, helping investors in the financial markets to make the right decision. It’s like a detective tool for finding hidden gems in U.S. stock and options trading.

However, the website might seem a bit old, and finding your way around might be a bit tricky, but the signals it provides outweigh these limitations. It’s pretty functional when it comes to providing trading strategies, especially when companies share their earnings.

Features of Market Chameleon

Market Chameleon has a bunch of tools, like a Swiss Army knife for traders! Let’s peek at some of them:

Stock Market Research

For those who like trading stocks, it’s got handy tools. You can see which stocks are winners and losers, which are busy or quiet, and which have had price jumps. Plus, you can check out market order imbalances, which is like seeing big trades at the end of the trading day.

Options Volume and Order Flow

This is where Market Chameleon shines for options traders! It has loads of unique tools that give you clues about the market feelings and potential trades. There’s a cool tool called the unusual options volume scanner that helps find stocks with lots of options trading.

Stock and Options Screeners

They’ve got tools to help you filter stocks and options. You can use lots of filters, like price changes and moving averages, to find what you’re looking for. And the options screeners are powerful! You can set them up in lots of ways to find the perfect trade.

Earnings Reports

During earnings season, Market Chameleon is like a superhero! It helps you find smart trading strategies by showing you stocks that are overvalued or undervalued.

Customizable Watchlists

You can make as many watchlists as you want for stocks or specific options contracts. And you can get email alerts based on your watchlists, so you always know what’s up!

Is Market Chameleon Right for You?

Market Chameleon might not look fancy, but it’s got a wide range of tools that can help both new and experienced traders make informed decisions. Whether you’re a day trader, an options trader, or an earnings trader, it’s like having a helpful guide on your trading journey.

If you’re curious about trading volumes, stock prices, trading strategies, or even mobile devices, this platform might have something for you. Plus, you can check out other things like historical earnings performance and market order imbalances.

If you like options trading or are interested in earnings releases, Market Chameleon might be just what you need. It’s pretty good for stock traders, with tools like a free stock screener.

It’s especially good at showing you the order of the option flows. This can help you think of smart trading strategies, especially about company earnings.

Understanding Market Chameleon data can be a bit tricky, so it’s probably better for those who are already experienced options traders. If you’re curious to try it, they have a 7-day free trial. This way, you can see if you like it and if it’s the right platform for your trading journey.

Price and Plans


This plan is free! It lets you track stocks, check dividend announcements, and receive newsletters. It’s like the basic package.

Stock Trader

For $39 each month, this plan lets you use all the tools for stock and options research, check dividends, and still get the newsletters. It’s a step up from the basics!

Options Trader

This package is $69 a month. It gives you access to the options research platform and the necessary tools, plus the newsletters.

Earnings Trader

At $79 per month, it focuses on earnings-based tools, unique reports, screeners, and, of course, newsletters!

Total Access

The all-in-one for $99 a month! It unlocks everything Market Chameleon has to offer.

Each plan offers something a bit different. If you’re new, this AI Stock Trader Software might have what you need, but it’s a bit limited for earnings and options.

If you want more tools, Options Trader and Earnings Trader are there, but they cost more. And if you want everything, Total Access is the way to go.

What Makes Market Chameleon Special?

So, what makes Market Chameleon stand out? They give subscribers lots of data and tools about stocks and options, both from the past and looking ahead at prices that won’t break the bank.

One special tool they have is the options volume scanner. It’s not something you find everywhere!

Remember, each investor is different, so it’s all about finding what’s right for you with Market Chameleon’s variety of plans and tools! Keep it simple, take it slow, and explore what works for you!

Wrapping Up

Market Chameleon can offer valuable insights and help make informed investment decisions, whether you’re looking at bearish stocks or watching unusual activity. It’s equipped with features like an earnings calendar, email alerts, and even customizable email alerts, which can be very useful.

Whether you’re an average Joe or an institutional investor, peeping into earnings analysis and historical price gaps might just lead you to some profitable trades!

Remember, there are basic features even in the free tier, and as you explore subscription options, you might find the right option types to suit your needs. Despite the 15-minute market delay, you get to see average return and average volume and even spot unusual whales in the market!

So, give it a go, explore the tools, and see if the flow screener and the earnings report pattern tools can guide you in your trading adventure! Click here to sign up for an account.
Get Started With Market Chameleon

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Jeremy Biberdorf
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.

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