April 12 Option Order Flow Sentiment Report. The option order flow sentiment is measured by comparing the bullish call options traded vs bearish put options.
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|Details||Today's Bullish vs Bearish Trades|
|BEN||Increasing Bullishness||100%||393 K||0%|
|JBLU||Shift from Bearish to Bullish||99%||94 K||1%||1 K|
|CHKP||Increasing Bullishness||71%||464 K||29%||194 K|
|CL||Increasing Bullishness||98%||310 K||2%||6 K|
|GS||Increasing Bullishness||77%||4.7 M||23%||1.4 M|
|TECK||Increasing Bullishness||88%||201 K||12%||26 K|
|BHC||Bullish||60%||469 K||40%||314 K|
|WFC||Bullish||56%||2.6 M||44%||2.0 M|
|NFLX||Bullish||57%||20.1 M||43%||15.1 M|
|VKTX||Bullish||75%||140 K||25%||46 K|
The option order flow sentiment report provides a list of stocks exhibiting high Bullish/Bearish indicators based on actual trade call/put volume, dollars traded, implied volatility and ATM/OTM volumes.
Order flow sentiment is a unique technical indicator of market momentum based on analysis of actual investor trading data. The theory is based on the belief that investors "bet" on stock or market direction given their willingness to purchase puts or calls at the high end of the bid/ask price spread. By calculating overall market sentiment based on actual trades, investors obtain valuable forward-looking insight on trending market direction when considering investment decisions for specific equities.
Bullish/Bearish order flow sentiment is calculated using five key metrics: bullish/Bearish call/put volume, bullish/bearish call/put dollar amount traded, the IV level of the options, bullish/bearish orders and ATM/OTM call/put volume. Trade data is filtered to isolate executions where traders seek immediate execution, are willing to pay the full bid/ask spread, and where there does not appear to be an additional related trade action to hedge risk. Top Bullish/Bearish Signals are listed for stocks having the highest Overall Strength, an average of the four key factors, generally at least 50%.