Squeeze and flush research for options traders - not a typical stock scanner.
Options-focused by design
Black Sigma scans the underlying stock for conditions that can matter to an options trade: compression,
breakout or breakdown structure, unusual activity, relative volume, liquidity, momentum, and trend.
It does not choose a contract, place an order, or guarantee that a squeeze or flush will happen.
1Find BUILDING
Start with a move that may be forming. Do not chase one marked ALREADY RAN.
2Check the 5 lights
More green lights mean the stock evidence lines up. The score is not a win chance.
3Check the contract
Open your broker. Check spread, volume, open interest, IV, time left, and earnings.
4Set max loss
Know the most you can lose. If the risk is too large, save it or skip it.
1. What the scanner is looking for
Lane
Research use
Squeezes
Potential upside expansion including momentum, compression, short, gamma, delta, liquidity, failure-to-deliver, and volatility squeeze hypotheses.
Flushes
Potential downside expansion including momentum, capital-exit, gamma, stop-hunt, margin/liquidation, VIX/macro, and thin-liquidity flush hypotheses.
Macro / ETF
Broad-market, index, volatility, rate, and sector context that can strengthen, weaken, or invalidate an individual setup.
Signal families
Family
What must be confirmed
Momentum / compression
Price structure, relative volume, liquidity, trend, and whether the move is early, firing, or already extended.
Short / FTD squeeze
Current short-interest, borrow, float, settlement data, a real trigger, and enough liquidity to enter and exit.
Gamma / delta squeeze
A current option chain, strike-level open interest, volume, Greeks, expirations, spot price, and an explicit dealer-positioning model.
Gamma flush
The same live options evidence plus a bearish price trigger. Gamma direction cannot be inferred safely from stock candles alone.
Liquidity / margin flush
Weak bids, abnormal volume, failed support, market-wide stress, and evidence that selling is more than an ordinary pullback.
Stop hunt / capital exit
Support failure, reclaim or continuation behavior, volume, fresh news, and evidence separating a temporary sweep from sustained selling.
VIX / volatility event
Index breadth, volatility term structure, event timing, and option pricing. A volatility spike can reverse quickly.
The scanner finds hypotheses, not every possible market event. Markets can move for reasons outside these labels. Gamma classifications should appear only when the required live option data is available; otherwise the card stays unverified.
2. What each score means
Column
What it means
Score
The underlying setup grade, 0-100. 80+ strong alignment, 65+ worth research, gray too thin or weak.
Checks
The five-condition count. More checks means more of the setup is aligned.
Darvas
1 breakout, 0 inside the range, -1 breakdown.
RelVol
Current share volume compared with normal. 2 means about twice normal volume.
ATR%
Underlying movement range. Higher values can create opportunity but also increase option risk.
SqzHit%
Historical follow-through after a squeeze state. The sample count matters; a tiny sample is not reliable.
Flow
Shows unusual options or off-exchange activity when the licensed feed has usable data. Use price and current news to confirm direction.
RTF
Ready to Fire: the underlying is attempting to trigger now.
Timing stage
Stage
How to read it
EARLY
Compression is building, but the directional trigger is incomplete. Watch instead of predicting.
FIRING
The underlying is attempting a directional break with supporting activity. Verify the option chain before acting.
WATCH
Some evidence is present, but the setup is not fully aligned.
EXTENDED
The move is already large relative to normal range. Chasing can create poor risk/reward.
The card's Setup Confidence Check separates underlying evidence from option-contract data. A strong underlying score is not a win probability, and a contract remains unverified until spread, volume, open interest, IV, DTE, and earnings are checked.
3. The options contract check
Confirm the scanner setup is liquid and not gated.
Open the option chain at your brokerage.
Check contract volume, open interest, and the bid/ask spread.
Check implied volatility and whether earnings or major news is close.
Choose an expiration and strike that match your plan and risk limit.
Decide the maximum loss and exit rules before entering.
Black Sigma does not currently provide a complete live option chain. A stock can have a strong setup while its option contracts are still too expensive or illiquid.
4. Account size and the $100 reality
A $100 account is lottery-like for live options. One contract can consume most or all of the account and can expire worthless. Being emotionally prepared to lose the money does not improve the odds or make the trade suitable. Black Sigma will show research, but it will not label a $100 option purchase safe or dependable.
Use the Strategy Lab to calculate a maximum-loss budget before researching a structure.
If the full contract debit or spread maximum loss does not fit the budget, paper trade or wait.
Never use rent, bills, emergency savings, borrowed money, or money needed for living expenses.
5. How to apply for options access
Your WallStreetHustler login does not enable options trading. Options approval must come from your brokerage.
For Schwab / thinkorswim accounts
Sign in to your Schwab account.
Open Profile, then Margin & Options.
Select the brokerage account you want to use.
Choose Apply for under the options approval level you need.
Complete the brokerage application accurately and wait for its decision.
Schwab approval is not automatic. Strategy access depends on the level your brokerage approves. Use Schwab's current instructions: How to apply for options trading.
6. Extra intelligence
The Option Check page adds three read-only research views. Missing live fields remain marked unavailable:
Prediction markets: market-moving Polymarket probabilities for context, never order execution.
Market and ticker news: current linked headlines appear inside expanded scanner cards and can affect or invalidate a setup.
Option-income ETFs: a 40-fund radar covering focused YieldMax and NEOS lists, all relevant Roundhill and REX income funds, J.P. Morgan's U.S. derivative-income suite, and workbook-listed ProShares peers.
7. Timeframes and exits
The core scanner uses daily underlying candles, suited to research over days or weeks rather than minute-by-minute scalping.
Take profit and loss levels should be based on the option premium and the underlying setup.
Time decay can hurt even when the stock eventually moves in the expected direction.
Recheck earnings, news, implied volatility, liquidity, and spread before every entry.
Important: WallStreetHustler and Black Sigma are independent educational research tools and are not affiliated with or endorsed by Charles Schwab, thinkorswim, Polymarket, YieldMax, or any other issuer shown. Options involve substantial risk and are not appropriate for every investor. Scanner scores describe historical market conditions, not expected returns. No signal is a recommendation, and no outcome is guaranteed.