These institutions want to hold onto the shares of stock they hold. According to the rules of the game, every option trade that is placed (electronically, on or off the trading floor) must be reported and made publicly available. I try to stay close to the money, DTE 14 -> 100 - Best for getting long term ones that come here. They often build positions in stocks over a course of several months with the intention of hanging onto the stock for the long term. Call options work great in any market environment. However, their daily average contracts are 3.8M. You must log in or register to reply here. However, put options work best during bearish markets. Traders would simply take notice of an uptick in activity on the trading floors and other floor traders often piggybacked on those orders. The biggest options trades of the day are listed at the top. In our books, an unusual options activity order is one that stands out and is relatively large. That said, the 6,500 calls that traded is an opening position. To put this in perspective, let's look at an example of SPY options contracts. However, because they’re trading their clients’ money, they don’t want their clients to withdraw their investments out of fear. That would mean you could end up losing more than you wanted because of an opening gap lower. To use with call verticals. Anyway to find nearest ITM option call for a given number, Display implied variance (impl vol squared) in option chain columns under trade tab, OI of 5k or less - Usually indicates fresh volume coming in or the part where Unusual comes from, Delta 0 -> 40 - You can fine tune this as you see fit. In other words, it’s not the size that matters, it’s the relative size. There are inherent risks involved with investing in the stock market, including the loss of your investment. Clearly, we are not dealing with a mom and pop trader here. For a better experience, please enable JavaScript in your browser before proceeding. When a stock suddenly increased or decreased in trading volume, that means it's being traded at an unexpectedly high level and a lot of traders often take advantage of this. Way back in the day, it was easy to identify when there was unusual options activity. Orders should be on the ask side, sometimes you’ll see some that are above the asking price, Avoid orders that have the earnings month, as they are most likely a play on earnings, Relative size is more important than actual size; anything above 5X is worth looking into, Pay attention to relative stock volume too; stocks that trade less volume and have options that are are worth examining. This means that if you see unusual options activity, it could be because a large hedge is taking place, as opposed to someone expressing a directional view. Do you have an example of a good scanner for breakouts? Maybe they are informed. On average, Delphi only trades about 600 option contracts per day. However, their daily average contracts are 3.8M. Other times you’ll find that it was an indicator something was happening. OI is the open interest... its the amount of option contracts there were left open at the previous day's close. After all, they have tons of money and Wall Street connections. DLPH definitely looks like unusual options activity considering it was trading 11 times it's daily average. Options that are experiencing unusual activity on more than one line are more interesting. However, some free platforms that you can use are ThinkOrSwim and Barchart. I'm confused you say the 10K volume was on 23 strike, but the pic shows it at 22 strike, is that just a typo or am I reading this incorrectly, Great thanks, just wanted to make sure I wasn't missing anything, but thanks for this, it looks very promising, will try it out, as long as Trump can keep his hands of twitter and causing markets to dive. Because of that, I wanted to do a quick ThinkOrSwim tutorial on Options Hacker and at least note some of the differences between it and Stock Hacker to clear up some of the confusion. Before getting into the specifics, familiarize yourself with the Stock Hacker screen, located under the Scan tab in the thinkorswim platform (see figure 1). Every time a high volume options appear in the " options times and sales" can also show in the indicator in the chart. You see, there were rumors that the utility company would not be able to support itself after facing liability charges of $30B or more for recent deadly wildfires caused in California. Sometimes these trades can go on for a long period of time. Here is a scanner that will help you screen for stocks with unusual volume in ThinkorSwim. However, when those trades do work, they often give the strongest rates of return. Lots of buzz around Unusual Option Activity (UOA) so thought I'll share out this scanner that I fine tuned for my personal use. Is there an indicator to show the unusual options activity indicator in the chart using the "options times and sales" statistics.
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