US listed & FLEX options  ·  Real-time order flow Institutional access only
Options Monitor

Cboe Trade Alert alternative

A clearer way to follow options flow.

  • FLEX options data
  • Stock ties
  • Readable trade color
  • Searchable history
Request a demo What the desk gets
Options Monitor Sentence View: related legs stitched into packages and read back as trader sentences

1 — Sentence View. Related legs stitched into packages and read back in plain English.

Moving from Trade Alert

Your next options flow workspace.

Looking for a Cboe Trade Alert replacement? Options Monitor brings live options flow, readable execution color, and trade history together in a workspace designed to be easy to use. See how it fits your desk before Trade Alert closes.

Read the trade
Follow options activity in plain English. Related legs appear together as trade color, with the structure and execution context in view.
See the detail
Go from the headline to the individual prints. Inspect prices, sizes, quotes, and Greeks, then search trade history when you need a closer look.
Make it your desk
Use saved watchlists, column filters, and pop-out workspaces to organize the names and trades that matter to you.

Cboe has announced that Trade Alert will cease operations. Explore Options Monitor with a walkthrough of your desk's workflow.

See your Trade Alert replacement

Capabilities

What the desk gets

Four things, in order of what a desk asks for first: color it can read, the names it cares about, the archive behind it, and the signal on top.

Natural-language
trade color
The product turns raw prints into institutional-style color. Related legs are stitched into one package — exchange-marked multi-leg trades, a strategy-inference engine, and in-view pairing of floor legs — then read back as a trader's sentence: the inferred structure, the likely buyer or seller, and opening pressure measured against open interest. BAC: Likely seller 5.0k Dec 19 34/45 Call Spread @ $0.24 (20% IV, Ref $33.49), OI Covers.
FLEX data
& stock ties
Follow FLEX option prints alongside listed options. See stock-tied trades with their option legs and, when matched, the associated stock prints, execution prices, and hedge ratios.
Watchlists
& portfolios
Custom symbol watchlists (portfolios) with per-list display defaults and color rules, plus built-in sector symbol groups. Tag prints by hand to your own client or customer labels and get performance analytics on every label you keep — Customer Analytics.
Deep lookups
Search the accepted-print archive by underlying, sector, or a saved portfolio; date range, minimum size, side, and put/call; plus free text. Pull the largest trades and likely-opening flow for any window — the same enrichment as the live tape.
Flow intelligence
Unusual-activity detection per name — statistical scoring against each symbol's own baseline, dormant names waking up, and brand-new structures (the Unusual tab). Likely-opening detection while the flow is still actionable, and post-print markout analytics that show how a trade followed through.
Live tape
enrichment
Every qualifying print enriched on arrival — aggressor side classified against the prevailing quote, premium, theo value, implied volatility and IV change, spot, delta, and vega/theta exposure in dollars — pushed to every seat sub-second from the exchange.
Workspaces
Tabbed, saved, pop-out views for multi-monitor desks, each with its own per-seat display profile, column filters, colors, and sorting.

Method

Signal, not noise

Display thresholds keep the tape at institutional size. Side is classified against the quote at print time, and each row carries the context a trader would otherwise assemble by hand — exchange, conditions, open interest, dollar Greeks.

The result is a tape a desk can actually read, from the opening bell to the close.

The live tape: streaming enriched prints with premium, IV, side, quotes, and dollar Greeks

2 — The live tape. Ask-side, bid-side, and inside prints classified in real time, each carrying premium, IV, quotes, and dollar Greeks.

Institutional end-of-day data

Separately priced closing prices with contract-level Greeks, delivered as research-ready CSV files for internal use only; no redistribution.

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Institutional pricing

Choose the intelligence your desk needs.

Start with live options flow, or add Reversal Conversion Scout to monitor where implied rates are trading and follow reversal and conversion prints in the full suite.

Live options intelligence

Option Flow Monitor

$349/ month

A real-time institutional tape for seeing, classifying, and acting on meaningful listed and FLEX options flow.

  • Real-time listed and FLEX options flow
  • Package-aware color and trade history
  • Unlimited web real-time alerts

Data fees and applicable taxes are additional.

Request a demo →

Complete institutional suite

Option Flow Monitor +
Reversal Conversion Scout

$849/ month

  • Monitor where implied rates are trading
  • Monitor reversal and conversion prints alongside live options flow
  • One coordinated institutional workspace
  • Support and configuration included

Data fees and applicable taxes are additional.

Request a demo →

Access

Request a demo

Options Monitor serves institutional clients only — hedge funds, asset managers, banks, proprietary trading firms, and family offices. Tell us whether you are evaluating the platform, end-of-day files, a historical extract, or a custom request. Please use your institutional email address.

By submitting this form, you acknowledge the privacy notice and agree that Options Monitor may contact you about your request.