Options Order Flow Scanner
What is Unusual Options Activity? UOA identifies options contracts that are bought on the ask price or sold on the bid price, with high daily volume compared to the open interest for that strike price and expiry date. Unusual options provide insight into what "smart money" is doing with large volume orders that can potentially have a big move in the underlying stock price. Call option contracts bought on the ask are considered bullish, while call options contracts sold on the bid are considered bearish. The opposite logic applies to put option contracts. Read more...
How To Find Unusual Options Activity? First determine if the default filters below match your expectations: like days to expiration, moneyness or total amount traded. You can set these to whatever values match your trading criteria by dragging the sliders. For example, large out of the money option contracts with near dated expirations may indicate higher risk taking from the original trader. You can then sort by clicking on any of the column titles. A common strategy is to sort the options volume column in descending order, while filtering for new and opening option contracts that are out of the money with short dated expirations. You will then be able to see opening option positions that represent the biggest bets in the market.
🕶 What Is Dark Pool Trading? Dark pool trading takes place off the main exchanges. Practically speaking, this means the option order price of a trade took place outside of the NBBO (National Best BiD & Offer). Optionsonar makes these types of option contracts simple to find. Toggle the 'Dark Pool Trades' button in our options scanner and look for option prices with a blue button next to them to find all the dark pool trades.
🌪 What Are Sweep Option Trades? Sweep trades are large trades that have been broken down into much smaller lots so they can be filled quicker. If you notice lots of sweeps flowing for one particular ticker over a short period of time it means there is a trader desperate to fill a large order and not willing to wait, so the order is broken down and routed to various exchanges to be filled simultaneously.