VolRadar

VolRadar is a cutting-edge daily options analytics platform designed specifically for premium sellers, traders who utilize strategies like iron condors, credit spreads, cash-secured puts, and the wheel on S&P 500 stocks. By aggregating and analyzing end-of-day options data from ORATS, a leading institutional-grade data provider, VolRadar provides users with actionable insights each morning, allowing them to make informed trading decisions before the market opens. The platform features a unique Weather Score that offers a quick glance at market conditions, indicating whether it is a favorable day for selling premium. With data covering over 500 US stocks and major ETFs, traders can quickly identify top candidates for options selling, saving them valuable time and enhancing their strategies. VolRadar is not just a tool; it is a trusted partner in navigating the complexities of options trading. The platform is built exclusively for premium sellers, meaning every feature, from the scanner to the signals, is tailored to identify high-probability setups where selling options offers a statistical edge. It transforms raw, complex options data into clear, digestible analytics that help traders assess implied volatility, expected moves, and risk-reward profiles. VolRadar also provides educational resources and market condition assessments to help traders understand the "why" behind the data, empowering them to make decisions based on sound analysis rather than emotion. Whether you are a seasoned professional or an advanced retail trader, VolRadar streamlines your morning routine by delivering everything you need to plan your trades in one centralized dashboard.

Weather Score

The Weather Score is VolRadar's flagship feature, providing a quick, at-a-glance assessment of overall market conditions for premium sellers. This proprietary metric aggregates multiple data points, including implied volatility levels, volatility risk premium, and market breadth, to determine whether the environment is favorable for selling options. A high score indicates conditions where premiums are rich and the risk of sharp, unexpected moves is lower, making it an ideal day for strategies like iron condors or credit spreads. Conversely, a low score warns of elevated risk, suggesting traders should be more cautious or consider reducing position sizes. This feature saves users from manually analyzing dozens of charts and indicators each morning.

Scanner

The Scanner is a powerful screening tool that filters through over 500 US stocks and major ETFs to identify the best candidates for premium selling. It uses a combination of criteria, including high implied volatility rank, strong liquidity, and favorable option skew, to surface opportunities that align with a premium seller's strategy. Users can quickly sort and filter results to find setups for specific strategies like the wheel, covered calls, or cash-secured puts. The Scanner eliminates the time-consuming process of manually searching through tickers, allowing traders to focus on execution and risk management.

Signals

VolRadar's Signals feature delivers specific, actionable trade ideas directly to users. These signals are generated by the platform's proprietary algorithms, which analyze end-of-day data to identify high-probability setups for the next trading day. Each signal includes the underlying ticker, the recommended strategy, key strike prices, and a risk-reward assessment. This feature is designed for traders who want a curated list of potential trades without having to conduct their own exhaustive screening. The signals are updated daily and are based on the same institutional-grade ORATS data that powers the rest of the platform.

Daily Brief

The Daily Brief is a comprehensive morning report that summarizes the most important data points for premium sellers. It includes the current Weather Score, a list of top scanner picks, notable signals, and commentary on key market events like earnings reports or economic data releases that could impact volatility. The brief is designed to be consumed in under five minutes, giving traders a complete picture of the day's opportunities and risks. It serves as the central hub for a trader's pre-market preparation, ensuring they do not miss critical information that could affect their positions.

Daily Pre-Market Routine for Wheel Strategy Traders

A trader who employs the wheel strategy on high-quality stocks like AAPL, MSFT, and NVDA uses VolRadar each morning. They first check the Weather Score to confirm the market environment is favorable. Then, they use the Scanner to filter for stocks with high implied volatility rank and strong liquidity, specifically looking for cash-secured put opportunities. The Daily Brief provides context on any upcoming earnings or events, allowing the trader to avoid selling puts before a known catalyst. This streamlined routine replaces hours of manual data collection with a five-minute analysis.

Identifying High-IV Candidates for Credit Spreads

An options trader specializing in credit spreads on ETFs like SPY and QQQ uses VolRadar to find the best risk-reward setups. They rely on the Signals feature to receive curated trade ideas that highlight specific strike prices and expiration dates. The trader also uses the Scanner to compare implied volatility across different sectors, such as technology and energy, to find where premiums are richest. By using VolRadar, they can consistently identify trades with a high probability of success while avoiding low-premium environments.

Managing a Portfolio of Covered Calls

An income-focused investor who holds a long-term portfolio of stocks like AMZN, GOOGL, and COIN uses VolRadar to manage their covered call strategy. Each morning, they review the Daily Brief to see the Weather Score and identify which of their holdings have elevated implied volatility. They use the platform's CC Screener tool to find optimal strike prices and expiration dates that balance premium income with the risk of assignment. VolRadar helps them systematically roll their calls and adjust strikes based on changing market conditions.

Evaluating Implied Volatility for Earnings Plays

A trader who focuses on selling options around earnings events uses VolRadar's IV Rank Lookup and Expected Move tools. Before an earnings report for a stock like AMD or NFLX, they check the current implied volatility rank to see if premiums are historically high. They then use the Expected Move calculator to gauge the market's anticipated price swing. This data helps them decide whether to sell an iron condor or a strangle, and at what strikes, to capture the volatility crush after the earnings announcement.

What data source does VolRadar use for its analytics?

VolRadar uses end-of-day options data provided by ORATS, a leading institutional-grade provider of options analytics and data. ORATS is known for its comprehensive and accurate data on implied volatility, historical volatility, option Greeks, and more. By leveraging this high-quality data, VolRadar ensures that its Weather Score, Scanner, Signals, and all other features are based on reliable and up-to-date information, giving users confidence in their trading decisions.

Is VolRadar suitable for beginner options traders?

VolRadar is designed primarily for traders who already have a solid understanding of options strategies like iron condors, credit spreads, and the wheel. The platform assumes a working knowledge of implied volatility, option Greeks, and risk management. While the platform provides educational resources and glossary terms, beginners may find the analytics complex. It is recommended that new traders first learn the fundamentals of options trading before using VolRadar as a decision-making tool.

How often is the data on VolRadar updated?

VolRadar updates its data daily based on end-of-day options data from ORATS. The analytics, including the Weather Score, Scanner results, and Signals, are refreshed each morning before the market opens. This means traders receive a complete snapshot of the previous day's closing data and actionable insights for the upcoming trading session. The platform does not provide real-time intraday data, as it is specifically designed for pre-market planning and daily strategy adjustments.

Does VolRadar offer any free tools?

Yes, VolRadar offers a suite of free tools that provide valuable insights without requiring a paid subscription. These include the IV Rank Lookup, Expected Move calculator, Options Calculator, Wheel Calculator, Covered Call (CC) Screener, Best Wheel Stocks list, High IV Stocks list, Safe to Sell screener, CC ETF Screener, Weekly CC Ideas, and sector analysis. These free tools allow traders to explore the platform's capabilities and access key data points before deciding on a premium plan.