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Options alert call sweep7/31/2023 It could turn out that the sweep call is in fact part of a more complex trade or a hedge for a larger position.Īs a consequence, we can well have a Sweep call that is bearish. When you identify a sweep Call on an option Flow screener like FlowAlgo, you do not know for sure if that is the trader primary position. Sweep Calls on BABA and SPY from FlowAlgo Therefore, it should be easy to make money trading options, right ?Īll you have to do is to identify a sweep call (trust me, you will discover how easy this action is) and buy that contract and watch your account grow. Typically, more traders do engage in buying calls when they see a sweep call.īetter yet, if the sweep call happens to be on a market index like SPY, then that is a clear “Carte Blanche” for all stocks to go up. So, the moment they identify a sweep call, that signal as a trigger to become bullish on the underlying stock regardless of the current condition of the market. That majority of retail traders are sold into the myth that stocks can only go up.ĭon’t Ask me when that started and who is to blame. Sweeping Calls involves buying large Calls contracts from multiple ECNs (Electronic Communication Network) as fast as possible.Ĭall Sweeps are important in options trading not because of what they represent but rather because of what they triggered as a sentiment towards the stock. Someone or an institution is aggressively buying big number of AAPL Call options as if that person is absolutely convinced AAL is about to go up. If your fellow trader tells you that there is a Call Sweep on AAPL, you need to understand this:
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