Quant Data Review of This Options Flow Tool

In our never ending quest for trading information we came across QuantData.us. After trying it out, were pretty impressed so here’s our Quant Data review. As far as its competition goes, we’d say that it directly competes with Flowalgo, Cheddarflow, and Blackbox stocks.  Those are all strong, popular applications that provide good information to trade with. However, Quant Data does many similar things; either in an equal or superior way, and your costs are lower. As a result, QuantData comes out ahead. Let’s get into the meat and potatoes of our review.

A Quant Data Review of the Main Dashboard

Once you’ve opened an account with Quant Data, the first thing you’ll see is their main dashboard. In fact, you can find a general overview of the dashboard here.

Most of the content that you’ll find on the QuantData dashboard is similar to other services like what is found in Flowalgo. The difference is Quantdata uses a very unique algorithm for filtering options flow. Furthermore the UI of Quantdata is much easier to read in our opinion. You’ll find your “unusual options activities” that are highlighted in blue, large ($1M USD) sweeps over multi exchanges are highlighted in gold. Following certain types of unusual options activity has been known to help traders find the best time to trade stocks (or options). The platform includes all the common options dashboard attributes that you would expect, namely:

  • Time
  • Ticker
  • Expiration Date
  • Strike Price
  • Contract
  • Reference
  • Size at Price
  • Premium
  • Type
  • Volume
  • Open interest

This is pretty standard. However, we’ve noticed that Quant Data shows more contracts than other services. This means that you see more of the options flow and get more of an overview of specific stocks. Other services seem only to provide more of the larger orders. You can also filter it down, and just find the largest, or most unusual options flow, which I personally now use daily.

Options Flow Chain
The most “unusual options” flow on the major ETFS from 4/12/2021

This gives a different view of options market movements; as long as you can incorporate the additional information into your positions and decision-making. This extra information provided by Quant Data is precious. 

In the lower-left corner of the dashboard, you’ll find the “Quant Alerts” which show you the bullish and bearish standouts/outliers of Quant Data’s proprietary algorithm that incorporates both fundamental and technical information. We’ve used these for some swings of a few days and found good success with them. They’re a simple way to make a decision quickly for positions. Or identify where you may want to delve deeper into your own research. 

Our Quant Data review shows the lower right of the dashboard has news that is color coded for sentiment making it easier to understand. I think its among the easiest to read, out of all of your choices.

Quant Data Review

Historical Options Order Flow

Our Quant Data review looks at historical options flow. The next screen shows the order flow which can be for a time period and if desired specific indexes or stocksYou may want to change the picture. This has your username in the upper right.

This is a pretty common page for the various other options trading tools available like Flowalgo and Cheddarflow. But it allows you to look at a stock and delve into the numbers and its performance. For example, were there a lot of TSLA calls, and how have they performed.

Quant Data Review

A Quant Data Review of the News and Sentiment Tracker

We found in our Quant Data review that this is the section that starts to shine. Because we’re trading on the news, the faster we have access to news, the better. And the speed at which QuantData supplies information seems to be faster than any other site we have used. 

Their service is both reliable and easy to use. They’re posted “real-time,” and the definition of each service of real-time is different. The Quant Data definition is the quickest. You can filter out by stock as well as several other categories. There are over 30 to choose from, such as Analyst Color, Earnings, and M&A. 

News sources aren’t just written pieces but include video sources from live feeds. You can click and see the entire article or link to the video. If the main news window is left open, the site will update any new news stories automatically. Ao you don’t have to refresh the page; a great advantage. 

This news also includes Benzinga news as well. So you don’t have to pay for their service (a basic Benzinga Pro subscription is currently $99USD a month) and get the info at the same time with your QuantData flow subscription.

Tracker

Stock Reports

Our Quant Data review of the next screen is wonderful for the fundamental investor. Quant Data provides daily stock reports for companies that Rifinitiv puts together. The quality of these reports is top-notch. Most companies will have reports produced daily with about 12 pages of different data. 

The pieces are in PDF format and can be downloaded or read by the viewer on the site. Each of the report sections has a large score to make the analysis of a company super easy. The main component of the report is the simple to read Average Score. 

The Average Score combines the quantitative analysis of six widely-used investment decision-making tools with their own derived scores: Earnings, Fundamental, Relative Valuation, Risk, Price Momentum, and Insider Trading. Rifinitiv also had their scores independently tested for accuracy and used a statistical analysis company Verus Analytics to backtest and provide a different weighting as an optimal factor blend; which is also included in the reports. 

Besides the easy reading nature of the reports, you can also find information about other members of the sector, institutional holders, and the effects of their past actions, historical performance, estimate revisions, and various trends, among others. The amount of data that is provided in these reports in such a concise way is fantastic. Nearly every stock and likely all that are of interest will have a new daily report provided; we only found a few that were missing for smaller companies. 

Stock reports

Charting, Gainers, and Losers

The Charts section charts are relatively standard and straightforward to use; they’re built-in through TradingView. Therefore, they should be easy to manipulate if you have used that service’s tools before. The main chart shows the candlestick or bar chart patterns of a chosen company in the large left portion of the window.

Over the bars or candlesticks that you chose, you can add several indicators, Parabolic SAR, several Rob Booker, Bollinger Bands, etc. There are approximately 90 to choose from. This isn’t different from other options information services. While the right-hand smaller window, you have three main choices; active, gainers, and losers. 

For each of these right-side choices, you can click on them and get a simple historical chart from 1 day to all available info. It should be noted in the Quant Data review that these are all 15 minute delayed charts. QuantData’s gain and loss charts are simple to read and easy to understand.

Quant Data Review

Options Profit Calculator

The options profit calculator is unique to QuantData. Our Quant Data review found that it’s simple to use and provides valuable info quickly. You need to input the ticker, stock price, strike price, cost for an option, number of contracts, type of contract, and expiration. 

Calculator

The tool will return a result that looks like this.

Quant Data Review

This is a pretty detailed options profit calculator with color-coding, which is simple to see at what price you are either in or out of the money, and you can also see the profit you will make from a closing price on a specific date. There are some other free calculators online that you can use to obtain similar results, but they aren’t as accurate as the one available in QuantData; which has more available market data. 

We just have a small critique which is that this tool could be a bit easier to use if the search for a stock was easier, and the current price of the stock was automatically available as the default. If you put in a ticker symbol and click away to find the current price when you come back the info is not maintained in the tool. So it needs to be put in again. If you know this is the case, you remember to put in the info from memory. 

Affiliate Stats and Help Sections

There is a section for viewing your affiliate states if you sign up for this portion of their program. It’s easy to see what kind of profits you’re making from your active and total referrals. Every user for who you sign up will receive a discount, and you also earn 20% of their subscription each month.

Referral

The help section of QuantData’s page is quite helpful for anyone new to the platform. You can find all the information about how to use their system. It’s not hard though, and there is a simple options trading educational section as well that will likely grow as they add more content. 

They have a bot messaging system that we tested to see how fast they would reply, and a live person answered in between 90 seconds and 2 minutes on a Wednesday at 3:30 pm mountain time. If they’re not online at that time, you can also leave an email to be notified that a reply has been sent. 

Education

Quant Data Review Summary

The information that is provided by QuantData is not dissimilar to other sources, but it does have its own advantages. The news section is superior to other services we have tested, and the daily stock reports are far superior to most stock reports that are available online. 

Like always, never put at risk more than you can lose, and good luck with all of your trades. We hope you enjoyed our Quant Data review.

If you would like more information or sign up for a free seven-day trial QuantData, click HERE.

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