Unusual Daily Option Trading Spikes (Relative to 90-Day Average)

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Display a list of option-offering stocks, with call and put option volume comparisons relative to 90-day averages, or with high relative volume for the current trading session.

High option volumes provide clues as to investor interest or sentiment. Symbols with high volumes relative to recent historical averages indicate unusual investor activity, backed up with a commitment to trade based on their sentiment. When compared with specific put and call volumes on a given trading day, they provide valuable insights as to how the market perceives a price movement and may reflect a bullish or bearish indicator.

Use the menu to choose "Volumes" for a complete report based on all option volumes for an underlying security, or "High Call or Put Volume" for a list of securities with the largest call and put volumes relative to total volume, for the most recent trading session. A synopsis of option volumes trends is presented in both graphical and summary form at the bottom of the Volumes menu tab.

Sort the tables by clicking on specific column headings. For example, click on the Call Volume column to rank symbols from low to high (click again for high to low), and evaluate possible comparisons to Relative Volume to 90-Day for a list of specific equities. Click on the icons in the Symbols column to view more information on the specific stock.

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As of 8:00 PM ET on October 23, 2026, the biggest option volume spikes compared with the 90-day average are ELS (70.3 times average, 2,250 contracts), PPLI (33.5 times average, 6,005 contracts) and EWZS (25.2 times average, 76,340 contracts); the most actively traded options are on SPY (10,396,380 contracts), QQQ (6,943,589 contracts) and EWZ (2,991,707 contracts).

More on today's unusual option volume

Unusual option volume in brief:

  • Biggest volume spikes: ELS (Equity Lifestyle Props): 2,250 contracts, 70.3 times the 90-day average, 32% calls; PPLI (People): 6,005 contracts, 33.5 times the 90-day average, 0% calls; EWZS (iShares MSCI Brazil Small-Cap ETF): 76,340 contracts, 25.2 times the 90-day average, 100% calls; PNW (Pinnacle West Capital): 2,286 contracts, 24.6 times the 90-day average, 7% calls; RLGT (Radiant Logistics): 3,283 contracts, 23.5 times the 90-day average, 0% calls
  • Most active options: SPY (State Street SPDR S&P 500 ETF Trust): 10,396,380 contracts, 0.9 times the 90-day average, 43% calls; QQQ (Invesco QQQ Trust): 6,943,589 contracts, 0.9 times the 90-day average, 47% calls; EWZ (iShares MSCI Brazil ETF): 2,991,707 contracts, 7.5 times the 90-day average, 71% calls; TSLA (Tesla): 2,678,247 contracts, 1.1 times the 90-day average, 51% calls; NVDA (Nvidia): 2,644,462 contracts, 0.8 times the 90-day average, 63% calls

The full report below lists the stocks and ETFs whose option volume is unusually high compared with their 90-day average, with call and put volume, the put share, the number of trades, the stock's price change and market cap, plus breakdowns by strategy and sector. Data as of 8:00 PM ET on October 23, 2026.

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