Unusual Options Activity

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Report Date: 22-Apr-2024

Displays a list of equities whose options are exhibiting significant volume spikes.

Investors often look for trading opportunities in equities that are experiencing very high daily trading volumes. These volume spikes are expressed as a relative volume ratio: taking today’s volume divided by the equity's 90-day average volume.

Sort the tables by clicking on specific column headings. For example, click on the Relative Volume column to rank symbols from low to high (click again for high to low), and evaluate possible relationships to Important Dates such as Earnings or Events, or to underlying price changes. Search for specific equities by keyword or symbol in the search box. Click on the icons in the Symbols column to view more information on the specific stock.

To learn more about Options and Option Volume, click here.

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-Any-ETFCommon
-Any-Upcoming EarningsJust Released Earnings
-Any-Upcoming Events
-Any-Stock Price UpStock Price Down
-Any-IV UpIV Down
-Any-Call Volume > 70%Put Volume > 70%
-Any-Subdued - IV % Rank < 30%Elevated - IV % Rank > 70%

Stock Description Option Volume Statistics Market Sentiment Stock Price Catalyst Events Volatility NonVisibleColumns %Call Volume %Put Volume Call Trades $ Notional Put Trade $ Notional Calls -vs- Puts
# Days
in last 12		 Symbol Name Market
Cap		 Volume Avg Volume Relative Volume Bullish/ Bearish Net Delta Prev Close Current
Price		 % Chg Earnings Event IV % Chg IV % Rank DaysTilNextEarnings DaysSincePrevEarnings DaysTilNextEvent TotalTrades EquityType Sector InWatchlist OTM ATM ITM OTM ATM ITM OTM ATM ITM OTM ATM ITM # Call Trds # Put Trds % Call % Put $ Call $ Put Industry

Earnings Key: Earnings Today Confirmed Future Earnings Previous Earnings

Unusual Option Volume Report Frequently Asked Questions

Where can I find unusual option volume?

Market Chameleon's Unusual Option Volume Report shows symbols that have unusually high option volume for the current day. The total option volume is also broken down by option type, so you can see the percentage of call options traded compared to the percentage of put options traded.

How is it useful to know unusual option volume?

The unusual option volume can help traders in many ways, including:

  1. Focusing in on where there are potential trading opportunities. Traders will look for opportunities when the market value of an option diverges far from its expected value. Unusual trading activity could push option prices to overvalued or undervalued levels.
  2. Unusual option volume can alert traders if something notable is happening in a particular stock, sector, or within the market as a whole. By reading the option volume, stock price, and implied volatility, traders can get an insight into how the market is feeling about the stock.

How does Market Chameleon determine unusual option activity?

On a daily basis, certain symbols can have a large amount of options volume, while others might have a very small amount. To detect if something is unusual, we compare the current trading activity against the average daily volume for that symbol. That's what Relative Volume is in the table above. If the average daily options volume is 50,000 contracts, and today it has traded 100,000 contracts, that represents a relative volume of 2.0. If a different symbol trades on average 500,000 contracts, but today it has only traded 300,000, that wouldn't be considered unusually high -- even though it might be a lot of volume compared to other symbols. We use the current volume relative to the average to build this report.

What is the difference between options volume and the number of trades?

The total options volume is the combined number of contracts traded between all of the trades. It's possible to have one trade where 5000 contracts change hands, or 5000 trades of only 1 contract each. In both cases, the total volume would be 5000. Trades with a large number of contracts would be considered Large Block Option Trades, and you can see a lot more information about those trades on our Option Block Trades Screener.