Options Monitor
Watches the option strikes you care about, across a stock list you define, and tells you the moment one meets your criteria.
What it does
Most option monitoring tools tie you to one chain at a time. Options Monitor works from a watchlist instead: you list the stocks you want followed in a configuration file, and it tracks option strikes across every one of them at once. For each strike it evaluates a set of built-in conditions continuously, and raises an alert only when one of them is actually met — so you are reading alerts rather than watching screens.
Built-in criteria
Each of these can be enabled and given its own threshold in the configuration file:
- Delta change — movement in the option’s delta beyond a level you set
- Gamma change — shifts in gamma, for spotting strikes becoming sensitive
- Premium move — percentage rise or fall in the option premium
- Candle patterns — pattern formation on the strike’s own price action
Why it runs on the command line
The tracking engine runs as a command-line process, and that is a deliberate design decision rather than a shortcut. Rendering charts and driving an interface costs cycles, and when a tool is following option strikes across dozens of stocks those cycles are better spent on the tracking itself. So the engine stays headless and fast, and the display is handled separately.
Output is served to a browser dashboard. You open it in Chrome, or any other browser, and it refreshes every few seconds — alerts appear there as strikes meet your conditions. Nothing needs to be installed to view it, and you can watch it from a second screen or another machine on the same network while the engine keeps running.
Configuration, not code
The stock watchlist, which criteria are active and the threshold on each are all set in a plain configuration file. Adjusting what you monitor is an edit and a restart, not a development request.
Sandbox mode
Options Monitor includes a sandbox mode so you can run it against live market data and see exactly what it would have flagged, without it acting on anything. We recommend a week in sandbox before you rely on its alerts, for the same reason we recommend paper mode on every execution tool we build: it is the only way to find out whether the thresholds you chose actually fire when you expect them to.
Who it is for
Options traders following several underlyings at once, who would rather be interrupted by a condition being met than sit watching chains for it. If you trade a single index and keep its chain open all day, you do not need this.
What is listed here is what we have confirmed working, not the full extent of the tool. Testing is still running and there is more in it than this page claims — we would rather add each item once it has passed than publish a feature list we have to walk back.
Get notified when Options Monitor launches →