Do you ever feel like you are trying to navigate through the stock market blindfolded? There are so many great trading opportunities out there that you don’t know where to look. Market Chameleon might be the solution to your problems.
This platform is like an enormous neon sign that points you in the right direction for the best stock and option trading opportunities. It includes all the tools and features that you might need such as stock market research, order flow data, screeners and earnings.
Everyone is wondering if Market Chameleon is the right choice. You’ll find out what I have to say. I’ve done my research and I’m here for a detailed review.
Let me take you through this stock trading tool’s pros and cons, as well as its costs.
Market Chameleon Features
1. Stock Market Research
Market Chameleon is a tool that might interest stock traders. These tools are not innovative but can still prove to be very helpful. The platform can be used to quickly identify the top traders and losers of a trading session, as well stock with low or exceptional trading volume.
It also allows you to see which stocks have seen significant price changes and whether these movements have been sustained throughout the day. Market Chameleon can also be used to analyze market imbalances. This is often caused when large funds trade based upon closing prices at night.
Free users can only see the imbalances in individual stocks. However, paid subscribers have access to the entire market order imbalance. This gives insight into institutional investors’ sentiment.
2. Options Volume and Order flow
Let’s now talk about the real star: Market Chameleon’s option data. Motley Fool Options is a simpler option for new options traders. This platform is for self-directed options traders. It has tons of useful tools.
One of the highlights is the unique options volume scanner. The scan detects stocks in which options are traded at a higher price than usual. I can tell you that finding unusual options volumes can feel like finding a needle among a maze. It’s almost like someone gave you the needle, and you can use it to make your own.
But that’s not all. Market Chameleon will identify potential catalysts. This information can help you decide if options activity is worthwhile or just hype driven rumors. It’s almost like having a perfect view of the stock market.
3. Tailored Watch lists
You’ve ever been so overwhelmed by the number of options and stocks you have on your radar, that you think you might need a second pair to keep tabs.
Market Chameleon has got you covered with unlimited watchlists.
You can set up as many watchlists as you wish for specific stocks or options contracts. What’s the best thing? The best part? Every screen or analysis on the platform can be limited to your watchlists. It’s almost like having a personal assistant who filters through all the noise to only show you what is important.
4. Earning performance
Let’s now talk about earnings season, another area Market Chameleon shines. This platform puts all its resources to work for you to find profitable trading strategies.
You can find an analysis page on their site that will tell you which stocks are too or too low in earnings. They can compare the historical earnings performance of stocks to options order activity.
One of the most interesting aspects of this service is its ability to analyze the earnings-driven price movement implied by options activities and compare it with past changes. This allows you to see where other traders might be underestimating so you can profit from their mistakes.
You are looking for a stock research tool that is more flexible? For more information, please read our options strategies insider review as well as trading ideas review to determine if they are suitable for you.
How Much Does Market Chameleon cost?
Market Chameleon might be something you are considering. These are the various subscription options and their respective prices.
Market Chameleon’s stock trader plan costs $39 per month. This gives you access all stock-related tools, as well the possibility to download data. Options Trader costs $69, and offers most features. However, it does not include analysis of how options activity is related earnings releases. EarningsTrader plans are more expensive at $79 a month, but include a comparison of earnings moves and options activity. It also includes options screeners.
The Total Access plan costs $99 a month and gives you access to all Market Chameleon option data and earnings analysis.
As with most other options like trendpider they offer different subscription plans on Market Chameleon, as well as their respective prices. You can choose the plan that suits your needs best.
Market Chameleon: Pros and Cons
PROs
- Gap-and go screener and many other free tools
- Option screener with 18 strategies
- Scans for market volume imbalances and options order
- Comparison of earnings movements and options-implied price moves
- Ability to backtest strategy performance during earnings season
CONs
- Interface is complicated
- The paid plan might be more cost-friendly.
Is Market Chameleon worth it?
Market Chameleon provides a variety of tools for options and stock traders. It excels in helping you to find potential trading opportunities around earnings season.
It may not always be easy to read, but it could be a valuable tool for experienced options traders seeking additional help in finding profitable strategies.
