Hello there! It’s Barrie Einarson from Trade Ideas again. Today, I want to walk you through a unique and exciting trading scan: the abnormal option activity coupled with the ten-day daily break. This is not your usual “What Makes This Trade Great” post but a dive into “What Makes These Scans Awesome?” Trust me, you’d want to add these to your arsenal.To Subscribe: https://go.trade-ideas.com/SHQ
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Tracking Abnormal Option Activity

Abnormal option activity scans are a fantastic way to detect significant market events. They can identify whether a stock might be headed for a bull or bear run. Let’s consider some instances from today’s trading session.

Fair warning: it might take a while for the charts to load. While they do, remember that slow and steady wins the race—or gets the graph in this case.

The first case? The Bix. This was an alert for a short opportunity. The alert came at 207. Before long, it dropped dramatically to 134, indicating a serious move downward.

“The company basically announced they’re going into Chapter 11. That’s a clear signal for shorting.”

Short Opportunities

For the short ones out there, let’s move onto our next case, SPWR. Pull up the chart and the news, and you’ll see the picture. SPWR’s shares were flagged at 1427, and oh boy! They tumbled to 362 before showing any signs of recovery.

What’s more, the company itself admitted they might not carry on. This wasn’t conjecture or speculation—it came straight from the horse’s mouth.

Speaking of Unforeseen Moves…

Another instance catching my eyes today was ZIMV. Here’s a stock on the rise, with the scan alert at 1612. Just a little while later, it peaked at 1660 before a pullback. It’s really interesting to note the way it’s basing itself. Definitely worth keeping an eye on.

Interesting Bets

But the real stunner today had to do with CLF and US Steel. The day started with a buzz about Japan’s Nippon considering buying US Steel at around $55.

Here’s where it got intriguing: CLF—or Cleveland Cliffs, if we’re being formal—was also put in play. This wouldn’t usually be the case except CLF was rejected by US Steel just a few weeks ago at $35. However, CLF surged on the Nippon news, moving from 2066 to 2117 before stabilizing near 20.

“Remember, sympathetic trades can be beneficial if you know where to look!”

On the other hand, US steel—despite being the takeover target—saw a much smaller move, going from 5018 to just under 51.

Conclusion

The moral of the trading day? A robust scan like Abnormal Option Activity + 10 Day Daily Break can help you detect and leverage key market movements. It’s not always a home run, but I’ve found great success with this scan in the past three weeks.

Sure, not every alert is a winner—but on balance, I think it performs pretty well. By my rough estimate, I’d say 3 out of 5 or 3 out of 6 times, it delivers profoundly.

So, if you want to try this scan out or learn more about it, swing by our trading room. I’d be more than happy to share it with you. Until then, happy trading and see you tomorrow!