Another new entrant in the options recommendation services is optionshawk. They have a free portion on their site as well as subscription based services. A good example is finance. A recent example had to do with a bank stock option where the front month with one day to go to expiration had significant movement and volume -- two times the Open Interest and a four fold increase in price from the day before.
The one month out had significant option activity at various strikes. When optionshawk provided the data, yahoo finance showed less than 2, options traded at a particular strike. Real time data showed that there were over 5, contracts that had traded at that same strike price. That number climbed to over 12, contracts an hour later. Depending on the time of day and activity in the markets, there can be more than 30 entries an hour.
This is on the free side! I used the information provided and decided which ones to act on. He was not saying on the free portion of the site -- this is a pick suggested to subscribers earlier. Please note your experience could be different. The writing is geared towards everyone. You pick up rather quickly that he is knowledgeable in reference to options. I know from personal experience that they don't include everything that people post. You can submit a question or comment at the bottom of the blog and they decide whether to include it in the blog.
The huge positive is optionshawk is a gold mine for stock option information. After doing a little research, I discovered the gentleman behind optionshawk. That online service of market data and observations has over 1. There is no reason not to check optionshawk.More...