Market Chameleon Assessment
Ease of Use
Any good dealer is aware of that having a superb monetary market analysis instrument may make all of the distinction. Market Chameleon is a monetary market analysis instrument that claims to specialise in uncovering nice U.S. inventory and choices buying and selling alternatives for his or her shoppers. So, is Market Chameleon the true deal? Learn our in-depth overview to seek out out.
Introduction To Market Chameleon
Market Chameleon is a monetary market analysis instrument that focuses on uncovering U.S. inventory and choices buying and selling alternatives. Whereas this can be a browser-based service, the limitless stream of distinctive and actionable information far outweighs the clunky navigation via web page reloads. Regardless of the outdated web site and advertising and marketing, this is among the finest choices technique technology platforms available on the market, particularly for buying and selling earnings seasons.
|📈 Options||Choices Scanners, Choices Evaluation, Earnings Calendar, and extra|
|💰 Pricing||$39-99 per thirty days|
|✅ Ultimate For||Choices Merchants|
|💻 Platform||Browser-Based mostly|
Market Chameleon Pricing Choices
Registering on the Market Chameleon website allows entry to the free companies, the premium companies are segmented into three sorts: Inventory Dealer, Choices Dealer, Earnings Dealer, and Complete Entry.
The free companies present plenty of data and entry to articles, and pre-set screens entry via the homepage. The companies are segmented for shares, choices, and earnings. In all actuality, the value tilts customers in the direction of the Complete Entry plan.
The Inventory Dealer plan prices $39-per month and supplies entry to varied dividend stories and inventory screeners.
The Choices Dealer plan prices $69-per month and supplies choices chains information and a large number of choices market screeners.
The Earnings Dealer plan prices $79- per thirty days and supplies entry to Choices and Earnings Choices Technique Screener and varied earnings report sample instruments.
The Complete Entry plan prices $99-per month and contains all-access to all plans.
Market Chameleon Options Breakdown
There are a ton of options at every degree. Nevertheless, plenty of these are fluff (like most companies) which might be redundant or frankly not helpful. Taken as a complete, the platform may be very highly effective. These are among the key options out there to customers, together with free and paid companies. For my part, Market Chameleon is uniquely accommodative to choices buying and selling methods finest utilized round earnings season, which is why it is smart to go together with the Complete Entry plan. That is the place the main focus will likely be.
Uncommon Choices Quantity Display
This free instrument is beneficial to reload all through the day to seek out smoke indicators to additional examine. Take into account that with the rising curiosity in choices buying and selling, there are extra alternatives to get faked out on quantity surges. I’ve seen too many cases with great choices quantity on inventory worth spikes on rumors solely to have premium evaporate the following day. This implies don’t chase something simply because it pops up on the quantity screener.
Establishing and monitoring watch lists is a core function of Market Chameleon. Customers can scan via varied screens like earnings lists so as to add any shares to a watch record simply by clicking the “+” subsequent to the corporate title. Customers can create totally different watch lists full with alert triggers. The train of discovering shares and storing them in personalised watch lists is the best option to monitor alternatives.
Discovering and analyzing potential choices trades is a key operate of Market Chameleon. Choices chains will be accessed for any inventory together with varied information, together with the Greeks, liquidity stats, and time and gross sales. The layouts are intuitively designed and configurable to incorporate simply the info you need.
Earnings Calendar and Instruments
The earnings season constantly generates essentially the most motion within the markets linked to essentially the most materials elementary information. Market Chameleon has a complete earnings calendar and a few very compelling instruments to seek out alternatives into, throughout, and after earnings stories. Considered one of my favorites is the Inventory Worth Patterns Round Earnings function.
These options will be chosen for any inventory because it shows the value reactions within the days main as much as the earnings report, day of earnings launch, and after earnings launch. Naturally, one should additionally hold this within the context of the macro market sentiment on the time, however I have a tendency to seek out reactions are likely to repeat themselves in twos.
The Choices Outcomes Round Earnings shows how choices methods carried out throughout earnings stories. Market Chameleon shows the typical return or loss implementing varied methods like Promoting out-of-the-money (OTM) calls or OTM places for a inventory.
Earnings Choices Technique Screener
Earnings season is the bread-and-butter interval for choices strikes. Cash will be made main into and after the earnings report. Too many newbies take a pure directional wager on earnings stories (paying heavy premiums) on a binary outcome. Market Chameleon allows merchants to make the most of a broader vary of methods to derive many income-generating methods to diversify the trades.
The Earnings Choices Technique Screener allows merchants to configure the filters they’re on the lookout for with upcoming earnings merchants. It’s one in every of my favourite options that permits you to not solely put together forward of time but in addition accumulate earnings. I like to gather premium heading into an earnings report and scan for shares that spike in IV into the report. Among the only scans are the Coated Name (accumulate earnings forward of earnings launch), Bare Put (Dangerous technique just for well-funded skilled merchants that may afford to have shares assigned), Name Unfold, Put Unfold and At-The-Cash (ATM) Straddle screeners. Newbies ought to restrict themselves to coated calls and debit unfold trades and keep away from any bare merchants to restrict draw back threat. Often, bare choices trades require no less than degree 3 choices buying and selling permissions and sufficient capital to offset margin calls.
There’s a browser-based information feed that pulls headlines from varied free sources. It’s not real-time nor streaming, however helpful to tug press releases if looking for particular symbols.
Whereas there are quite a few choices buying and selling and evaluation companies available on the market, Market Chameleon instruments are distinctive and intuitively designed to generate compelling data-driven buying and selling concepts. Whereas the navigation is clunky, the outcomes are compelling as I’ve been capable of severely bolster buying and selling concepts heading into every earnings season.
What Kind of Dealer is Market Chameleon Finest For?
Market Chameleon is finest suited to skilled choices merchants on the lookout for earnings technology methods and uncovering hidden buying and selling alternatives. Inventory merchants are restricted in performance, and the browser-based navigation on this period is outdated and clunky. Newbies have a studying curve not solely on the platform however the mechanics behind the methods.
That mentioned, the choices scanning instruments are very useful for lively choices merchants. The choices scanners supply options you gained’t discover in conventional inventory scanning platforms. The corporate gives a free trial that enables merchants to check out the options earlier than they decide to a paid subscription. Take Market Chameleon for a 7-day check drive to see if it’s the proper platform for you.
- Deep choices information and technique scans
- Earnings choices technique instruments are distinctive and really productive
- Straightforward watch record creation, alerts, and monitoring performance
- Choices chain back-testing and data-driven technique concepts
- Free choices screens and each day concepts is an effective option to kick the tires
- Pre and Publish-market gapper dumpers screener important (free) instrument to start out the morning analysis
- Gawdy advertising and marketing promotions and erratically priced companies paying homage to the early 2000s
- Outdated web site and clunky browser-based navigation