In order to trade option volume alerts successfully, you must be aware of two important factors: support/resistance levels and candlestick patterns. In the high speed world of day trading, there typically isn’t time to check the option time and sales data to see if the majority of puts/calls from a spike were bought or sold. Also, it’s not always easy to determine which is the case. As such, we have adapted our approach to use a clear cut strategy that enables largely positiv

OUR APPROACH TO KEY LEVELS We determine key levels in the market by looking at high volume nodes from the volume profile as well as looking for strong rejection areas in price. These are our key reference levels throughout the day and are always updated daily. When the market has not moved much, like $CL in the past few days, reference levels will most likely be the same. We use a daily volume profile overlay upon price as well as a OPT EXP volume profile set in the expansion

Today, we're changing up the format to provide strictly trade impacting information. We will focus on support and resistance levels provide by auction market theory and volume profile data. We will use this theory and information to determine the most likely direction/conviction of the market and who is in control. We will also continue to take into account gamma exposure (GEX) levels in both $CL an $ES, as this does play a roll in determining the upper and lower bounds of ea