11/29/2023 0 Comments Unusual options activity trading![]() To see the unusual options volume scan, click the ‘unusual volume’ tag, and then click on the ‘edit’ button for the scan you’d like. You can customize the scans to fit your needs, but we think you should start with the predefined scans and go from there. Option Samurai allows you to account for this by scanning according to intraday options volume, stock volume, options volume vs. ![]() How do you know if an activity is unusual? Some options are traded a few contracts a day, while others trade tens of thousands every day. There are more than 4,000 optionable stocks and over 1.1 million options. Update: You can also check our Center of Mass report in the article: How to use the Options’ Center of Mass report to sharpen your trading edge.By uncovering their footprint, you gain insight into their trades, and you can follow them if you want (or take the reverse trade). ![]() This connects us to the second point: why is it important? These players spend a fortune to gain an edge in the stock markets. Since these players work tirelessly to maintain their edge in the market, the unusual options volume serves as a ‘footprint.’ It allows you to know that something is interesting in this asset, and it might be beneficial to look into it and ‘ride’ the trade with the players. Higher activity means that more sophisticated traders and more market makers are now paying attention to this stock and specifically to this option contract. Unusual options volume is when the daily activity on an option contract is much higher compared with the regular activity on that contract and compared to the activity on the rest of the options chain. Before we start, let’s explain: What is unusual options volume, and why is it important?
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