How to Setup Custom Alerts on Unusual Whales — Transcript

Full transcript

1. 0:05hey everyone in this video we're going
2. 0:07to go over how to set up your custom
3. 0:09alerts screener to get to the custom
4. 0:12alerts feed click on the menu and select
5. 0:16screeners then custom
6. 0:19alerts now the custom alert screener is
7. 0:22exactly what it sounds like a dashboard
8. 0:25where you can set up and track your very
9. 0:27own customized
10. 0:28alerts you can have your custom screener
11. 0:31alert you about anything from analyst
12. 0:33rating changes FDA updates Insider and
13. 0:37politician transactions or your own
14. 0:40stock and options contract filters all
15. 0:42of the alert options have their own set
16. 0:44of filters and an usual Wales provides a
17. 0:47number of pre-built custom screeners as
18. 0:50well but in this video we're just going
19. 0:53to demonstrate how to build your own
20. 0:55option alert
21. 0:57screener to build out a custom op
22. 0:59options alert we'll select option
23. 1:03contract the option contract interval
24. 1:06option also works if you're looking to
25. 1:08emulate the interval flow feed with your
26. 1:11custom alert but for this video we're
27. 1:13just going to set up an options contract
28. 1:15Alert in the contract alert tab you'll
29. 1:18first select whether you want to get
30. 1:19alerts for all options that meet the
31. 1:22criteria or just for specific tickers
32. 1:25you can also set it to only alert
33. 1:27contracts directly from your watch lists
34. 1:30here we're going to select
35. 1:33all now in the filters tab you can be as
36. 1:36specific as you'd like for the sake of
37. 1:38this example we'll keep it simple and
38. 1:40paint with a broad brush with the
39. 1:43filter the average fill is a good filter
40. 1:47to use if you're only looking for a
41. 1:49certain price range or have a Max limit
42. 1:51to spend per contract in mind for this
43. 1:54example I'm going to leave this one
44. 1:56blank for this custom alert filter I
45. 1:58want all tickers of all market caps
46. 2:01included so I'm going to keep the market
47. 2:03cap blank as well the open interest
48. 2:06itself I'll leave blank but I will
49. 2:09change the volume to open interest ratio
50. 2:13to only alert flow with two times the
51. 2:17volume as open interest this way I can
52. 2:20filter out High open interest contracts
53. 2:22that may be harder to determine opening
54. 2:24versus closing trades so here we'll set
55. 2:28this range
56. 2:30to two or
57. 2:33more next for premium I'm going to put a
58. 2:37minimum premium of
59. 2:40$2,000 this will miss some flow but
60. 2:42it'll also filter out tiny orders of one
61. 2:46contract two contracts it'll just help
62. 2:48us feed out some of that
63. 2:52noise for spread I only want to see
64. 2:55single leg trades I don't want spreads
65. 2:58for this specific filter so I'm going to
66. 3:01set spread to zero meaning 0% of the
67. 3:04flow that hits this filter will be part
68. 3:07of a spread trade for this next section
69. 3:11below I'm going to leave these sliders
70. 3:13untouched I'm not too concerned for the
71. 3:16sake of this filter with each one but
72. 3:19just so you know you can control how
73. 3:21much of the flow fills at the bid and at
74. 3:25the ask by moving these sliders to
75. 3:28ascertain what percentage of the flow on
76. 3:31any given options contract is at the ask
77. 3:34or at the bid but like I said for this
78. 3:37example we're going to keep these blank
79. 3:39and just Baseline what the filter starts
80. 3:42off with below that on issue types as
81. 3:45we've said before ETF and index flow can
82. 3:49be very noisy so to kind of filter out
83. 3:54that noise I'm going to select common
84. 3:56stock on issue types flow can still be
85. 4:01useful on ETFs and indices but for this
86. 4:04video we'll keep it to individual
87. 4:06stocks for the type of call versus put
88. 4:09I'm going to leave these blank as well I
89. 4:12want to see calls and puts now what I
90. 4:15will change at the bottom here is this
91. 4:18volume greater than open interest slider
92. 4:21because as I mentioned I want to see
93. 4:24trades with more volume than open
94. 4:26interest with this custom alert feed and
95. 4:28I'll also set is out of the money on
96. 4:32because I want to see out of the money
97. 4:34flow specifically for this filter so
98. 4:37next we'll click create
99. 4:39alert and boom now we have a custom
100. 4:42alert with a feed that will only show
101. 4:45transactions with two times the volume
102. 4:47versus open interest no ETFs or indices
103. 4:51with a minimum premium per transaction
104. 4:53of
105. 4:54$22,000 on contracts that meet the
106. 4:57criteria for out of the money only
107. 5:00now that you have your custom filter you
108. 5:02can also enable push notifications to it
109. 5:05for you on your mobile device via the
110. 5:08app all you have to do is install the
111. 5:11app then head to settings on the
112. 5:14browser then clicking
113. 5:17notifications and select which alerts
114. 5:20you want to Ping to your mobile device