The Cboe Trade Alert replacement

Options data and analytics for institutional desks

Real-time options flow, structured and explained.

Options Monitor captures listed and FLEX options prints, groups related legs into packages, and describes each trade in plain English: structure, likely side, and size against open interest. Live flow, historical archive, and end of day data on one platform.

01 / Sentence ViewClick to enlarge

Current suite

Products

01 / FLOW

Option Flow Monitor

A real-time tape of listed and FLEX options activity. Each print is enriched on arrival with aggressor side, premium, theoretical value, implied volatility, and dollar Greeks. Includes Sentence View, Unusual Activity, stock ties, watchlists, and historical search.

An option monitor for institutional desks following listed and FLEX options flow.

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02 / FINANCING

Reversal Conversion Scout

Tracks where implied financing rates are trading and flags reversal and conversion prints next to live flow.

05 / Reversal Conversion ScoutClick to enlarge
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03 / DATA

Options Monitor Data

End of day closing prices with contract-level Greeks, historical extracts, and custom datasets. Delivered as CSV for internal research. Redistribution is not permitted.

Request data access →

Planned scope

Planned products
for funds and RIAs

Options Monitor plans to add options screening, strategy backtesting, and structured note pricing for funds and registered investment advisers.

Options screening Planned

Planned screening tools for protective puts, call spreads, put strategies, and covered calls.

Strategy backtesting Planned

Planned backtesting tools for evaluating options strategies using historical data.

Structured note pricing Planned

Planned pricing tools for structured notes.

These products are planned and are not included in the current subscriptions. Availability and pricing have not been announced.

Discuss planned products

Use the notes field to tell us which planned products you are interested in.

Connectivity

MCP/API roadmap Planned

Options Monitor plans to add API access and Model Context Protocol (MCP) integration for institutional workflows.

API access Planned

Planned programmatic access to Options Monitor data and analytics.

MCP integration Planned

Planned connectivity between Options Monitor and MCP-compatible tools.

Scope, access requirements, availability, and pricing have not been announced.

Discuss integration requirements

Use the notes field to describe your API or MCP requirements.

Trade Alert migration

Cboe Trade Alert alternative

Cboe has announced that Trade Alert will cease operations on October 31, 2026. Option Flow Monitor covers the core Trade Alert workflow: live listed and FLEX flow, readable trade color, stock ties, and searchable history. We will review your current setup and configure watchlists and filters with your team.

Cboe announcement ↗

Trade context

Analytics

Every print passes through the same analytics layer, live and in the archive.

01

Strategy inference

Identifies multi-leg structures from exchange-marked trades and paired floor legs, then labels the structure and the likely buyer or seller.

02

Unusual activity scoring

Scores each name against its own historical baseline. Flags dormant names with new activity and structures not seen before.

03 / Unusual ActivityClick to enlarge
03

Opening detection

Compares trade size to open interest to estimate whether flow is opening while the position is still live.

04

Markout analytics

Measures how a trade performed after it printed.

05

Customer Analytics

Tag prints to your own client labels and track performance by label.

Example output

BAC: Likely seller 5.0k Dec 19 34/45 Call Spread @ $0.24 (20% IV, Ref $33.49), OI Covers.

The workspace

Platform

01 / PLATFORM

Sentence View

Related legs shown as one trade with structure and execution context.

01 / Sentence ViewClick to enlarge
02 / PLATFORM

Live Tape

Bid, ask, and mid prints classified against the prevailing quote at print time.

02 / Live TapeClick to enlarge
03 / PLATFORM

Search

Query the archive by underlying, sector, portfolio, date range, size, side, or free text.

04 / SearchClick to enlarge
04 / PLATFORM

Workspaces

Tabbed, saved, and pop-out views for multi-monitor setups, each with its own filters and columns.

06 / WorkspacesClick to enlarge

How a print is processed

  1. 01

    Received from the exchange

  2. 02

    Classified against the prevailing quote

  3. 03

    Grouped with related legs and enriched with Greeks, IV, and open interest

  4. 04

    Published to every seat in under a second

Display thresholds filter the tape to institutional size.

Institutional subscriptions

Pricing

Option Flow Monitor

$349/month

  • Real-time listed and FLEX options flow.
  • Package-level trade color and history.
  • Unlimited web alerts.
Request a Demo

Options Monitor Data

Priced by request.

  • End of day prices and Greeks.
  • Historical extracts.
  • Custom datasets.
Request data access

Exchange data fees and applicable taxes are additional.

Institutional access

Request a demo

Options Monitor is available to institutional clients only: hedge funds, asset managers, banks, proprietary trading firms, family offices, and registered investment advisers. Please use your firm email address.

For planned products and integrations, use the notes field to describe your interest in options screening, strategy backtesting, structured note pricing, API access, or MCP integration.

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

Existing clients: Log in to the platform →

Product screenshot