Special Edition: Weekly Option Relative Strength Movers

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Special Edition: Weekly Option Relative Strength Movers

I thought I would share with you a scan I am personally working with for my clients shorter term opportunities.  This scan consists of 2 individual universes.  One made up all the stocks (333 securities) that trade weekly options the other with all the ETFs (61 securities) that have weekly options.  I then apply my relative strength calculation to rank each universe; and finally I scan for those which have moved more than 20 relative strength points from 5 periods ago.  As a reminder, my Relative Strength Calculation is a 3 month front weighted view that helps me spot changes in character of securities within the universe.  Whether or not there is a trade comes later in the process, but I have found this a great way to ferret out names with good potential for acceleration.  So I thought I would share it this week for all those who trade weekly options. It has been a nice tell so far in my studying it.

WO Equity RS Gainers5-1-2015 WO Equity RS Gainers Equity Gainers FINVIZ

WO Equity RS Losers5-1-2015 WO Equity RS Losers Equity Losers FINVIZ

WO ETF RS Gainers5-1-2015 WO ETF RS Gainers ETF Gainers FINVIZ

WO ETF RS Losers5-1-2015 WO ETF RS Losers ETF Losers FINVIZ

To this point I have only shared this scan with a very select few professionals, but I feel for a certain type of trader this scan can be invaluable on a daily and or weekly basis. I do some of this work for my clients as mentioned, but really don’t feel I am utilizing it to anywhere near it’s fullest potential, therefore I am seriously thinking about offering this scan on a daily basis as a monthly subscription.  If you think you might be interested in getting this every evening (potentially along with a few of my favorite looking charts) email me: gtlackey@gmail.com and let me know your thoughts.

Good Luck and I hope this helps!

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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy.  Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog.  Full Disclaimer
There is no guarantee that the views expressed in this communication will become reality,  Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation


About Author


is a Chartered Market Technician (CMT) and Certified Financial Planner (CFPr) in Greensboro Georgia (Outside Atlanta). Founding partner of Barber Lackey Financial Group, LLC, a Registered Investment Advisor. However, this blog is not affiliated with BLFG and does not make recommendations to buy sell or hold any securities.