When you look at an option chain, it’s easy to get overwhelmed. A single stock can have dozens of expiration dates and hundreds of strikes, yet only a fraction of those contracts trade actively. So how do you separate the noise from the signals?
That’s where Market Chameleon’s Options by Expiration Screener comes in. This tool is designed to help you pinpoint the expirations where meaningful trading activity is taking place—so you can dig deeper and make more informed decisions.
?? Explore the screener here: Market Chameleon Options by Expiration
You don’t want to waste time looking at options that no one is trading. With the screener, you can set filters to focus on volume thresholds, such as contracts with over 10,000 trades. This instantly cuts down the clutter and puts your attention on the expirations where real money is flowing.
But volume alone doesn’t tell the full story. The screener allows you to examine whether that activity is dominated by calls or puts. Seeing an expiration where 90% of the activity is puts might suggest defensive positioning or bearish sentiment. On the flip side, expirations dominated by calls could indicate more bullish positioning.
Another powerful feature is the ability to compare option volume against open interest. When volume surpasses open interest, it often signals that new positions are being established, not just old ones being closed out. This can be an early clue that something important is developing.
You can take your analysis even further by layering in implied volatility. For example, filtering for expirations with volume above open interest and implied volatility up more than 20% helps you identify situations where demand is driving premiums higher. Combining multiple filters like these gives you a clearer, multi-dimensional view of market dynamics.
And because the screener allows you to specify days until expiration, you can align your analysis with your own trading horizon. Whether you’re interested in short-term contracts expiring this week or longer-term LEAPs, you’re in control.
The true strength of the Options by Expiration Screener is in how it lets you combine filters to create your own custom view of the market. By stacking criteria like high volume, unusual put/call splits, open interest comparisons, and volatility shifts, you’re not just looking at raw data—you’re uncovering stories hidden in the flow of options trading.
This is exactly what was demonstrated in the latest Market Chameleon webinar, where Demetri walked through real examples and showed how you can apply the tool to your own research.
?? See the tool in action here: Market Chameleon Options by Expiration
Financial Disclosure: Market Chameleon, its presenters, and this content are not registered investment advisors or broker-dealers. This blog is for informational purposes only, illustrating how to use Market Chameleon tools and data. Nothing here should be taken as investment advice. Always consult a licensed professional before making investment decisions.