Glossary


Manual
9 min read

Introduction

Welcome to the OneOption Glossary. The following definitions of terms and features used in Option Stalker Pro, Option Stalker, and the OneOption Chat Room are provided for reference.


Table Of Contents


Preconfigured Scanners

The following list contains describes the rules for OneOption’s Bullish preconfigured scanners. Bearish counterparts are defined by the same criteria in the opposite direction. This first set of searches are generic, but powerful and are titled Bullish and Bearish.


Pre-Open Gainers

Description: Current bid is 50¢ higher than the previous day closing price. This search starts updating one hour before the open. Bearish counterpart: Pre-Open Losers


Gainers

Description: Net change ($) is at least $1.00. Bearish counterpart: Losers


After-Hours Gainers

Description: This search updates after the close and the stock bid must be 50¢ greater than the closing price of the regular session. This search is particularly useful during earnings season when companies announce after the close. Bearish counterpart: After-Hours Losers


Gap-Up

Description: Both Today’s Open and the Last Price are higher than the previous day high. Bearish counterpart: Gap-Down


Earnings Tonight

Description: The stock is up today and will post earnings after the close today or before the open tomorrow.


After Earnings

Description: The stock posted earnings after the close yesterday or before the open today. It is above the prior day high and it has liquid options. This is excellent for finding post earnings plays.


Swing Section

The Swing section includes searches with criteria focused on longer timeframes. These searches are useful for both swing traders and day traders who prefer to trade stocks with daily directional support.


Green Royal Flush

Description: buy signals M15-D solid, Heavy Volume Today, Option Liq > 3 and > Prior day High

M15-D1 buy signal. stock > prior day high, option liq > -1, stock > $10, 20-day ave volume > 1 Million

With stocks on this list, you really need to focus on the long side. Bearish counterpart: Red Royal Flush


PopBull

Description: This is my favorite search… period. If I could only have one search this would be it. PopBull looks for stocks that have been on a compression and that are breaking out through horizontal resistance on heavy volume on a daily chart. These stocks are like a coiled spring and the breakouts typically result in sustained moves. I like selling bullish put spreads on these stocks, but if you have strong market tailwind you can buy calls as well. Bearish counterpart: PopBear


PopBull Prior

Description: These stocks were on PopBull the day before and they have traded higher than the closing price the previous day. The stock has followed through buying the day after the breakout and you have another chance to buy it before it is removed from the list. Bearish counterpart: PopBear Prior


Buy Into Earn

Description: These stocks tend to rally once they are less than 2 weeks from reporting earnings. They have done so more than 75% of the time over the course of the last 3 years. These stocks are great for selling at the money bullish put spreads that expire before earnings. Bearish counterpart: Sell Into Earnings


Strong After Earn

Description: This search was designed to find stocks that have strong price action but that have not gotten too far out of the gate. They are trending higher and they are above the EMA (8). The stock is on a bullish D1 Trade Signal and it is Strong vs SPY using D1. Longer term indicators are used for this search and that is why the move should last longer. Since the moves are just getting started, support should be close by so use that as a stop. The move could last more than two weeks, but it should at least be able to tread water during that time. If you have a strong market tailwind consider buying a call spread. If the market is flat consider selling an out of the money bullish put spread. Bearish counterpart: Weak After Earn


2 Week Bullish

Description: This search was designed to find stocks that have strong price action but that have not gotten too far out of the gate. They are trending higher and they are above the EMA (8). The stock is on a bullish D1 Trade Signal and it is Strong vs SPY using D1. Longer term indicators are used for this search and that is why the move should last longer. Since the moves are just getting started, support should be close by so use that as a stop. The move could last more than two weeks, but it should at least be able to tread water during that time. If you have a strong market tailwind consider buying a call spread. If the market is flat consider selling an out of the money bullish put spread. Bearish counterpart: 2 Week Bearish


1 Week Bullish

Description: This search uses the same inputs as 2 Week Bullish except the indicators use a 2 Hour timeframe instead of a Daily timeframe. The approach is the same, just shorten your trade duration. Instead of trading monthly options you should use weekly options and be prepared to exit the trade earlier.. Bearish counterpart: 1 Week Bearish


Day Section

Day preconfigured scanners use shorter term search variables to identify short term movement. These are your day trading searches.


Heavy Buying

Description: This search looks for stocks that have big volume spikes relative to the 20-day average daily volume. If the stock is on the bullish search it is also above the prior day’s high. This is a go-to day trading search on the opening bell. Bearish counterpart: Heavy Selling


Relative Str30

Description: This search looks for stocks that have been strong relative to SPY in the last 30 minutes. When the market is down you should use this list to find stocks that have held strong or that are moving higher. When the market finds support these stocks will shoot higher. This is one of the most powerful tactics you can use. Bearish counterpart: Relative Weak30


Bullish Explosion

Description: This scanner begins 1 hour after the open and finds stocks above $5 that did not have earnings since the previous day close with a high 20-day average volume and that satisfy proprietary strength requirements. They have exploded higher in the past 5 minutes on extreme volume to be included in the list, and you will also get a big popup alert for immediate notification. We want stocks that hold all of the gains of that 5 minute bar and ideally that move is also breaching horizontal resistance on a daily chart. When you have these elements you know that there has been a good news release. Don’t waste time – this stock will jump. Bearish counterpart: Bearish Explosion


Red Hot

Description: This is another ranking system and these stocks have incredible strength. Look for consecutive long green candles. When you buy, the stock should keep going. If you do not have a cushion in 10 minutes – exit. If the stock is going your way place a stop at your entry price and take gains along the way. This is a great search for option lottery trades on Friday. Bearish counterpart: Ice Cold


Short Squeeze

These stocks have a very high short interest and the stocks are vulnerable to forced buy-ins. Thhis search displays the stocks in this list that are above the prior day’s high and that have heavy volume relative to the 20-day average. Once these stocks wake up they tend to run hard.


2 Day Bullish

Description: This search uses the Trade Signal on a 30 minute basis and the stock has heavy volume and it is above the prior day’s high. The move should continue for at least a day making these stocks great for an overnight trade. Bearish counterpart: 2 Day Bearish


2 Hour Bullish

Description: This search uses the Trade Signal on a 5 minute basis and it has heavy volume and it is above the prior day’s high. Buy dips and look for strength for at least an hour. Bearish counterpart: 2 Hour Bearish


Bull Run

Description: We have a proprietary ranking system and these stocks have moved higher with very few dips. After an hour of trading this is a great search to use because the buying has been relentless all day and the stock is likely to continue the move. Bearish counterpart: Bear Run


Custom Search Variables

These upper variables section of Custom Search and Custom Alerts are binary and timeframe specific. Swing traders should use the 2-hour, 4-hour and daily timeframes for their search variables. Day traders can also incorporate smaller timeframes.


Trendline (20)

If the upward sloping 20-period trendline is longer than the downward sloping trendline it is bullish. If it is shorter, it is bearish.


Trendline (20) Breach

If the stock is above the downward sloping 20-period trendline it is bullish. If the stock is below the upward sloping 20-period trendline it is bearish.


Trendline (60)

If the upward sloping 60-period trendline is longer than the downward sloping trendline it is bullish. If it is shorter, it is bearish.


Trendline (60) Breach

If the stock is above the downward sloping 60-period trendline it is bullish. If the stock is below the upward sloping 60-period trendline it is bearish.


Trade Signal

If our proprietary trading system is on a buy signal it is bullish. If the system is on a sell signal it is bearish. Marking multiple timeframes is very effective.


Trade Signal (New)

The system has just generated a new signal in the last two periods. This is very useful when attempting to catch a stock early in the move.


Divergence

If the stock is moving higher while its 1OP descends, this is a bullish divergence and is a sign of strength. The opposite is true for the bearish counterpart.


Strength vs SPY

A primary search variable for trading Relative Strength & Weakness, this selects stocks if they are strong or weak relative to the market.


Strength vs Sector

The stock is compared to the sector ETF that it belongs to. A stock that is strong relative its sector is bullish and if it is weak relative to the ETF it is bearish.


Compression (Out)

The stock was in a compression and it has broken out. If it rallied above horizontal resistance it is bullish. If it dropped below support it is bearish.


Compression (In)

The stock is coiled like a spring in a tight range, ready to release.


Heavy Volume


Indicators

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Filter Options

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