Unusual Whales Review 2023
|By: Jeremy Biberdorf||27 Apr, 2023|
In a nutshell: Unusual Whales is a unique options order flow platform created to help traders follow unusual options activity (hence the name). Tracking unusual options activity can be a great way to find profitable options trading ideas, plus Unusual Whales offers many other features, including alerts, live feeds, research, calculators, screeners, and more.
Read on for our comprehensive Unusual Whales review so you can learn all about the platform, including how it works and what its top features are.
|Free Plan | $0||Paid Plan | $48/month or $528/year|
- Real-time tracking of all completed options trades on U.S. exchanges
- Designed specifically for retail traders by retail traders
- Active community with a Discord server
- Politician trading tracker
- Mobile app
- Only one subscription option
- The free plan is quite limited
Unusual WhalesReview 2023 | Is Unusual Whales Right for Me?
Is Unusual Whales right for you? That will depend on your unique trading goals and preferences. For active options traders, however, Unusual Whales could be a great tool to consider as it offers many unique features and a large community that loves to exchange trading ideas.
Developed by retail traders for retail traders, Unusual Whales helps traders better understand the flow of options orders, allowing them to position themselves to capitalize on unusual activity.
At the start, Unusual Whales was a basic platform that would simply share large, unusual options activity, or “whales.” From there, the community has grown rapidly and now offers many tools. But is it the right platform for you? Keep reading to learn more about Unusual Whales so you can see how it aligns with your trading needs and goals.
How Does Unusual Whales Work?
The traders behind Unusual Whales, only founded in 2020, wanted to provide traders with more comprehensive access to options orders. They do this by providing both real-time data and comprehensive feeds that allow users to better follow the flow of options orders.
In addition, Unusual Whales offers tons of useful tools that are available both on its web platform and on its mobile app, including live charting, options profit calculator, dark pool and stock flow, as well as live news, research tools, and much more.
Let’s take a look at those features now so you can get a better understanding of how this unique options flow platform works.
Unusual Whales Features
Unusual Whales offers many unique features compared to other options flow platforms, including the following:
- Options flow – Options traders need to understand options flow to maximize their success. By pinpointing smart/big money moves (or “whales”), traders can find momentum to capitalize on. The free plan comes with limited flow and options data, while the paid tier provides every options order completed on all U.S. exchanges.
- Interactive charting – Traders using the Unusual Whales platform can benefit from advanced live charts and charting tools to help analyze different options plays. Charting and tables allow for quick visualization of order flow while also providing insight into past options activity, allowing users to identify potential trends.
- Options profit calculator – The options profit calculator comes with pre-built strategies that enable users to determine the best trading ideas based on the order flow. The visualization feature makes it simple to see potential profit and loss based on a given trade.
- Alerts – Unusual Whales lets its users set up custom alerts in order to receive handy push notifications based on their own criteria.
- Community – There’s a large and active community on Unusual Whales and its Discord, which makes it easy to exchange ideas and learn from more seasoned traders.
- Politician tracker – Unusual Whales also features a “Politics” tab that allows users to track trades recorded by U.S. congresspeople. This is a great way to exploit an aspect of U.S. financial policy that frankly shouldn’t even exist.
Unusual Whales Pricing & Plans
Unusual Whales only offers one paid plan in addition to its limited free plan.
- Free Plan | $0
- Paid Plan | $48/month or $528/year
By opting to bill for one year instead of month-by-month, users can save 8%. It’s not a huge discount, but it’s better than nothing.
Is Unusual Whales Worth It?
Unusual Whales is a unique options order platform that many options traders will love. It offers real-time information on every single options trade across all U.S. exchanges, providing valuable information that options traders can capitalize on. It also has a wide range of helpful features that are also available on its mobile app.
There are some solid options flow platform competitors out there, but Unusual Whales offers a comprehensive platform with robust tools. Overall, it’s definitely an option worth considering.
Click here to check it out for yourself so you can see if it might be the best options order flow platform for you.