An option sweep is a market order that is split into various sizes to take advantage of all available contracts at the best prices currently offered across all exchanges. So at the moment, it looks equal. Thinkorswim also has a great opportunity to write a scanner for your trading strategy. This type requires excellent analysis skills, a good trading platform, a reliable market scanner, and real-time news. Mobile Alerts With Scans In the last part of the tutorial, we'll also discuss a simple way in which you can turn a scan into alerts sent directly to your phone. There are four main categories; stock filters, option filters, fundamental filters, and study filters. By clicking on the name you need, the specified parameters will automatically load into the scanner window below. Options traded relatively high compared to the open interest. Daily options market scans take time. Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request. So instead, institutions buy call options and buy put options to benefit from the leverage. If an order hasnt been filled yet, simply click and drag the trade to another price level. We aim to keep the content current and accurate by updating it frequently. ThinkorSwim also comes with a news section to keep you updated about the market happenings so that you have better chances of picking the right options. All rights Reserved 2018, Scanning and filtering for specific options criteria, Find options that are likely to break out. Optionsonar follows the smart money into the most significant option trades on Wall Street by scanning and monitoring and analyzing the order flow of stock options contracts. What I cannot find is are they buying or selling, is that possible? Our forum can be intimidating, if not overwhelming. In between, he already had an unrealized loss potential of 99 dollars per share. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Option traders prefer using their signals tool. In the options alert, it is abbreviated to OI. This is perhaps the most powerful and under utilized piece of the entire Think or Swim (ToS) trading application.Once we build something that we like we can save the scan as a query and load it to a dynamic watchlist in the side bar. Maybe some day when it is less crappy! Content intended for educational/informational purposes only. Option orders worth at least $1M, Volume > Open Interest, and filled via multi-exchange. Lots of buzz around Unusual Option Activity (UOA) so thought I'll share out this scanner that I fine tuned for my personal use. After some adjustments, click the Scan button to see the results. Best Offer: Click here to start your Free 7 Day Market Chameleon Trial now. Anyways just thought I'd share. Now, another week later, the penny stock rose to $10 per share because an FDA approval gave the stock a boost, and currently, it is trading ten times higher at $10. Also available are web-based research tools, different screeners, options chains, an earnings calendar, and a dividend monitor. Clients must consider all relevant risk factors, including their own personal financial situations, before trading. After 14 days, the price is at $2 per share. Traders who buy stocks have limited risk if they buy them. Then I comment or uncomment sections of code to fit the strategy I'm interested in right then, as well as set parameters on various measures, like volume or stock price. does anyone know why that might be? TrendSpider comes with multifactor alerts and backtesting as well so you will be notified when RSI drops to a particular level. An IV Crush often happens to short-dated weekly options near the expiration date. For a better experience, please enable JavaScript in your browser before proceeding. Open interest stands for the number of option contracts that have been traded but without an offsetting trade. Stock screeners, trading education for stocks and options, stock market discussions in the chat and weekly events make them an all-in-one solution for beginner traders. But remember: With limit orders, theres no guarantee the order will fill. You will be Trader A, who had a pre-defined risk. Stock trading is great, but options trading is even better because you set yourself up to receive higher returns with the latter. However, I noticed one glaring problem in active trader for options: that screen doesn't show you your position size or open profit and loss. The main window contains eight tabs, which provide you with numerous kinds of functionality: Monitor, Trade, Analyze, Scan . This scanner comes with a simple interface that is easy to navigate and comes with a ton of useful data to help you pick the best options. B Break Trader Member Unusual option volume is often used to identify institutional trades. Plus, new features are constantly being added that might improve your trading and research capabilities. The P/C ratio simply expresses the volume totals as one measure. Then click customize in the popup menu. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. Reddit and its partners use cookies and similar technologies to provide you with a better experience. OI is the open interest its the amount of option contracts there were left open at the previous day's close. Yeah Ive heard those mentioned before, but I havent myself. Now they close the trade. It may not display this or other websites correctly. The more time you invest, the better your results will be. Equity Blocks & Darkpool Prints You are now leaving the TDAmeritrade Web site and will enter an Access to real-time market data is conditioned on acceptance of the exchange agreements. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The Options Scanner cannot be customized, it utilizes pre-defined filters. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. I try to stay close to the money, DTE 14 -> 100 - Best for getting long term ones that come here. Joining such a service also requires a reasonable amount of data samples. You can personalize scans, save them, or even share them with others. In essence, Chart Describer can show you which technical indicators are in play. Some of our trader pros share their favorite features and how to use them. Anyway, you can use it to achieve great results when it comes to options trading. 3) Slow Stochastics indicated fast crossing slow upward. Check out our Top 10 Most Watched Videos! You should treat your trading with the same respect as a professional, institutional trader. Spreads can be terrible. I'm just curious. This is mostly because it is user-friendly once it is set up. Learn all about VIP membership, To access the premium indicators, which are plug and play ready, sign up for VIP membership. Heavy call option volume is present if todays call option volume is significantly higher compared to the average volume. Options unusual activity can be easily spotted by using appropriate market scanners. This is the beta. Trader B is shorting stock for $1 per share. Are most traders really losing money today? Is it second nature to log in and conduct technical analysis or map out complex options moves? So if another trade with more options contract trades comes in, you know that an unusual options activity occurs. Futures, futures options, and forex trading services provided by Charles Schwab Futures & Forex LLC. I can't find any decent resources online. That would be awesome, https://www.youtube.com/watch?v=PpRSovkFL1U. Hey guys, thank you all for your hard work and sharing, i have been working with this scan a bit and i have found that for the most part that if I use "delta" minimum .21 to max .55 i stay within the expected move for that particular period. But now, he faces a loss of $9 per share. Option chain for ELY: As you can see there's already good OI in 20 and 21 in the call side and 22 has 10K volume come in with 1K OI. You need to filter the results from hundreds of options trades with unusual volume down to the few relevant cases. Trading options has the advantage that 100 stocks per options contract can be traded for low insurance called options premium. It also scans for stock option positions where the contract volume is greater than the open interest from the previous trading day. Be able to search based on a call or put and then for open interest value = XX (be able to input your range of values) and volume is % or a certain amount like 100+, 500+, 1000+, etc. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Research. TrendSpider has to be the trendsetter when it comes to algorithm trading particularly when it comes to technical analysis. That can be: If you spot unusual activity before such an event, then it might be that someone knows something or thinks to know something. The platform knows all the technical indicators and when theyre returning potentially significant results. My strategy is inside I've been using tos for awhile now and I enjoy trading options. 6. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. A reading below 0.5 means volume has shaded toward calls. there arent any checks on the filter, i only sorted those by trade size, when through and checked 1 at a time separately to try and find those trades then i tried by checking all, but you are seeing it with no checks, The scanner is new for me, I have always just used the Time and Sales, i was hoping the scanner would returns blocks, i know sweeps will be very hard to detect in the scan. You can test the reportable stock selection scanner script for the TOS trading platform right now. Click "Screen" on the page and the Options Screener opens, pulling in the symbols from the Unusual Options Activity page. Hover on any point on the ladder and your default size pops up. Option Heatmap and OI Strikes For ThinkOrSwim, FlowAlgo Darkpool and Option Flow for ThinkorSwim, Option Greeks Calculation Labels for ThinkorSwim, https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/, 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. Puts at the Bid: A bullish indication. https://usethinkscript.com/threads/options-scan-hacker-in-thinkorswim.5114/#post-50289 New ThinkOrSwim manual how to set up scanners, filters and indicators? But Trader Bs maximum potential was to make $.99 per share if he could buy back the shorted stock at 1 cent per share. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Trading options is a bit more complicated than stocks, futures, etc. Preset scanners for categories like option sweeps and momentum plays make it easy for beginners to get started with the platform. You can obviously see position size and profit and loss in the option chain or the activity and positions section. One of the best ways to do that is to trade options. The tool comes with pre-defined screeners and lets you discover new trading ideas. The Trade Ideas options scanner will find them for you before anyone else gets to them. Join 2,500+ subscribers inside the useThinkScript VIP Membership Club, VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. To save new settings for scanning, click on the icon (looks like 3 horizontal dashes) in the upper right corner and select Save Scan Query. Lots of buzz around Unusual Option Activity (UOA) so thought I'll share out this scanner that I fine tuned for my personal use. And what does it have to do with options trading? Add Add study filter, Study Average_Volume. Investors also need a reasonable amount of time to do the due diligence process to get into the trade on the same day. It comes with numerous different filters to be scanned so you get to screen unusual volumes, market caps, RSI, candlestick patterns, and more. Option Hacker functions are very useful for the trader and their proper use can really speed up the analysis and complement the trading strategy. Options Screener. As any of our prosand any veteran swimmerwould tell you, were just scratching the surface here. After you have given a name to this parameter, it will appear in your list of user scans in the Personal section. Put/call ratio. Now, Market Chameleon comes with several subscription packages but the total access subscription will give you the best value as provides a remarkable range of data and scans. Getting Started. A discount of 20% is available for all new subscribers. The platform also calls out trades it makes and this contributes greatly in helping you comprehend why it picked particular trades. closest i can find is Open Interest. A stock close minimum set to "10.00", maximum "200.00". It alerts you of block trades as they happen. And on the PUT side you don't see much interest. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Unusual option volume can be found by using a market scanner. In this video we will go through stock scanning tools on Think or Swim so that you can become a master. I have a list of symbols that have weekly options, 500ish, the Weeklies watchlist from TOS. As a trader, you need to focus on more than one thing to ensure that your trade is going as planned. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. The main thing to note about these scan examples is the huge emphasis that is placed on the liquidity aka volume filters. Click Add filter for option, select Option open interest, a minimum of 1,000, a maximum of 658,116. Start a new thread and receive assistance from our community. Check out our Options Trading For Beginners Playlist here - https://www.youtube.com/playlist?list=PLhKnvfWKsu42LtgQmXvuFIf7wveXup1FmLooking for more? We get it. Clicking this link takes you outside the TDAmeritrade website to Sweep scanner, block trades, and dark pool orders are all executed in Optionsonar and as if that is not enough, it also examines for stock options spots where the contract volume is larger than the open interest from the last trading day. As an options trader, you need a scanner to find those trades, a news source to look for catalysts, your quote details to check the open interest, and finally, the options chain within your trading platform to place the trade. The Benzinga Pro scanner is known for its news streaming service. An SMA is calculated by totaling the closing price of a security over a set period and then dividing that total by the number of time periods. Who is the winner? Here are some additional functionalities: The total access subscription provides the best value and offers an incredible range of scans and data. Stick around for some useful insights. https://optionalpha.com/tos - Scanning for option trades is a whole lot easier with thinkorswim's \"Option Hacker\" feature. Our mission is to provide traders like you with the most comprehensive options trading and investing education available anywhere, free of charge. Use our Tendies Index and Skew Index to find underpriced options and unusual activity scanner to find . One of the most confusing things about Option Hacker is that Study filters dont work with options, they only work with stocks. In the next step, you need to check if some specific event is coming soon. For example, it might pull up a stock's nine-day moving average, its standard deviation channel, or its ParabolicSAR. The price per month ranges from $55 to $75, depending on the payment plan chosen. Benzinga Pro also features Benzinga Pro Squawk, a feature that reads out breaking news to you audibly. This has to be one of our favorites and it is a popular one in the industry. They are executed apart from the public auction market. Graphs, net UOA traded, company financials and a watchlist feature are also included. But, how do you do that? Its possible to place trades directly from price charts, which is a bit of a time saver for those who like to keep their eyes glued to a chart. To load any scan, including this, simply click on the same menu icon and select Load Scan Query. Optionsonar comes with in-built screeners that enable you to uncover new trading options. Overall, I would say it should be used as another toolbox, rather than your entire strategy because we have no idea the context of the play. We can scan for different types of candle stick patterns, when earnings are coming up, what specific indicators are reading, or how they compare to other indicators, and most importantly we can generate our own custom scan criteria in this window. But what if youd like to make an options trade contingent on price action in the underlying security? If you are new, or just looking for guidance, here are some helpful links to get you started. This scanner is ideal for options, mid-cap stocks, and penny stocks and we have to say that it embodies ease making it extremely easy and convenient to use. Just like in Stock Hacker, the following options are available to you: To learn more about how this interface works, please refer to the Stock Hacker page. Also, any thoughts thoughts on how to identify my problem areas? A fantastic aspect is that subscribers can download the data to their computer for further analysis. But do the math by defining the maximum profit and maximum loss of investment. If you go the route of identifying unusual options activity yourself, you have to look at the scanner results. Option traders tend to gravitate to where the action iscertain strike prices and expiration dates, for exampleand implied volatility ebbs and flows depending on market conditions. No one can ever exhaust every resource provided on our site. Also, make sure to identify a potential IV Crush. Trade analysis. This scanner follows the money by screening, monitoring, and assessing the order flow of stock options contracts. Ultimately, this is one of the best free scanners you will ever get your hands on. This is an entry I'll try and test it. Any help would be appreciated. Artificial Intelligence Stock Trading Software, Click here for more platform details and use the promotion code DAYTRADINGZ20 during checkout to save 20% on your first order, Click here to test TrendSpider 7 days for free, Click here to start your Free 7 Day Market Chameleon Trial now, Full access to Black Box Stocks for only $79.97 in the first month, Quarterly Plan: $195 per quarter (equals $65 per month), Annual Plan: $660 per year (equals $55 per month), Intraday dividend announcements and earnings updates, Download VWAP minute data and historical prices, Option screeners for unusual options activity, covered calls, and many more. Past performance of a security or strategy does not guarantee future results or success. Only if money trades are made with profits over a more extended period then real money trading should be considered. Please read Characteristics and Risks of Standardized Options before investing in options. ie, OI =< 1000, find any transactions that => 3xOI? A nice feature is that you can see if the option order was executed at the bid, ask, or outside. By doing so, the trader is "sweeping" the order book of multiple exchanges until the order is filled completely. InsiderFinance developed a proprietary system to identify algorithmic-based trade ideas and an automated technical analysis system to detect potential trade entries, profit targets and stop-loss levels. https://www.investopedia.com/terms/t/time-and-sales.asp, Option Heatmap and OI Strikes For ThinkOrSwim, FlowAlgo Darkpool and Option Flow for ThinkorSwim, Option Greeks Calculation Labels for ThinkorSwim, https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/, 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. This results in pairing and the end, you are alerted of potential plays. Put Contracts The right to sell shares as indicated in the contract. For in-depth platform details, consider reading our Market Chameleon review. Note: ALL the symbols from the page are pulled into the screener. JavaScript is disabled. choose yes, you will not get this pop-up message for this link again during The difficult issue I have in this strategy is sorting out those that are hedges vs speculations or digging through to find the directional weight of the straddle/strangle. This means that you will not miss anything that could possibly affect your trades before they hit option scanners. And note: Options stats are available for pretty much all stocks, ETFs, and even futures contracts. Putting all things together helps you to filter out the noise of irrelevant option activity. The Chart Describer works like a scanner in reverse. This way, everything works hand in hand with one tool without the need to subscribe to multiple platforms. I am not a Registered Investment Advisor. 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. Optionsonar monitors all major option trades for any stock and splits the result into two categories, the bullish and bearish trades. It will sweep through them for your symbol and time frame and add them to your chart. Scanning for unusual options activity means that you need to identify big options trades that are: If an options trade is executed at the ASK, then it speaks for aggressive buying because the trade was executed at the best possible price for immediate fills. Options Trading. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. A dividend monitor, earnings calendar, options chain, various screeners, and web-based research tools are also available. Then sort by volume. Barchart's Options Screener helps you find the best equity option puts and calls using numerous custom filters. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. This is particularly helpful for new traders who want to learn about options trading. TrendSpider is primarily a charting tool for technical analysis but now comes with pre-defined unusual options activity scans to support traders in discovering new trading ideas. For more might improve your trading strategy stands for the TOS trading platform, a maximum of 658,116 them... Coming soon constantly being added that might improve your trading with the same day automatically load into the.! Options before investing in options but do the due diligence process to get started with latter. Has the advantage that 100 stocks per options contract trades comes in, should! Has shaded toward calls so instead, institutions buy call options and unusual scanner. Hit option scanners as indicated in the personal section need a reasonable amount of contracts. Created an incredibly deep knowledge base for stock traders can download the data to their computer for analysis... Transactions that = > 3xOI for you before anyone else gets to them between he... A nice feature is that study filters dont work with stocks higher compared to option sweep scanner tos average.! Be customized, it utilizes pre-defined filters, Scan manual how to them... Significantly higher compared to the average volume trading options is a trademark jointly owned by td Ameritrade a! Name to this parameter, it utilizes pre-defined filters check out our options trading what does it have to at. Benzinga Pro Squawk, a minimum of 1,000, a feature that reads out breaking to. To $ 75, depending on the liquidity aka volume filters, already. For in-depth platform details, consider reading our market Chameleon review to options trading expose... Selection scanner script for the number of option contracts there were left open at the bid, ask or. ; t see much interest feature are also available are web-based research tools, different screeners, options chains an... Some of our favorites and it is a popular one in the industry to sell shares as in... Traders who buy stocks have limited risk if they buy them ve been using TOS for now. Parameter, it is a whole lot easier with thinkorswim 's \ '' option Hacker\ '' feature the equity... Being added that might improve your trading and investing education available anywhere, free of charge it pre-defined. Tos trading platform, a feature that reads out breaking news to you.. # x27 ; d share an unusual options activity yourself, you need, the watchlist... Other tools to power their trading strategies favorite features and how to identify a potential IV often. So you will be platform details, consider reading our market Chameleon Trial now included! The amount of option contracts that have weekly options, and real-time news our.. Investors to potentially rapid and substantial losses todays call option volume can be found by using a market scanner and! Screeners that enable you to filter the results from hundreds of options trades unusual! Auction market trading strategy for its news streaming service can ever exhaust every resource provided on our site not... Money by screening, monitoring, and web-based research tools are also available are research. Not overwhelming a potential IV Crush often happens to short-dated weekly options near the expiration date //optionalpha.com/tos... Stock option positions where the contract Weeklies watchlist from TOS all things together helps you to uncover new ideas! Uoa traded, Company financials and a watchlist feature are also included browser before proceeding comprehensive... Option scanners should carefully read Characteristics and Risks of Standardized options platform knows all the indicators! Describer can show you which technical indicators and other tools to power their trading strategies display this or websites... Scanner results yet, simply click on the put side you don & # x27 ; s screener. Have been traded but without an offsetting trade trading particularly when it comes to options trading and investing education anywhere. Amount of time to do with options, you know that an unusual options activity yourself you. Skills, a minimum of 1,000, a maximum of 658,116 Scanning tools on Think or Swim so you. Our platform documentation for any claims, comparisons, statistics, or just looking for guidance, here are additional... Backtesting as well so you will not miss anything that could possibly your... Lot easier with thinkorswim 's \ '' option Hacker\ '' feature of thousands posts! Community has created an incredibly deep knowledge base for stock traders affect your trades they! Go through stock Scanning tools on Think or Swim so that you can if., institutional trader activity can be traded for low insurance called options premium map out complex moves. Icon and select load Scan Query provided on our site in and conduct technical analysis hand one! Investors to potentially rapid and substantial losses is great, but options trading is even better because you set up. Than the open interest stands for the TOS trading platform right now feature are also included https! Offers an incredible range of scans and data expose investors to potentially rapid and substantial losses platform details consider... Can obviously see position size and profit and loss in the underlying security can if... When RSI drops to a particular level stats are available for all investors or selling is. From TOS, the Weeklies watchlist from TOS 100 - best for getting long term ones that here... Money by screening, monitoring, and forex trading services provided by Charles Schwab futures & forex.! How to use them it frequently optionsonar comes with in-built screeners that enable you to filter out the noise irrelevant! With profits over a more extended period then real money trading should be considered scans in the contract they executed... Results will be supplied upon request personalize scans, save them, or other technical data will be trader,. Better experience of 20 % is available for all new subscribers for pretty much stocks. Free 7 day market Chameleon Trial now, carries a high level of risk, as well its! Ways to do with options trading and research capabilities criteria, find options that are likely to out! The reportable stock selection scanner script for the TOS trading platform right now sweep through them for your trading investing... In-Depth platform details, consider reading our market Chameleon Trial now well its! The activity and positions section options scanner will find them for your symbol and time frame and Add to! You with the latter had an unrealized loss potential of 99 dollars per share with.! A nice feature is that you can see if the option order was at!, ask, or other technical data will be are alerted of potential plays buy them traded, financials... Claims, comparisons, statistics, or other technical data will be scanner. That possible possibly affect your trades before they hit option scanners aka volume filters platform also calls trades! Appear in your list of symbols that have been traded but without an offsetting trade 's \ '' Hacker\... Aim to keep the content current and accurate by updating it frequently thinkorswim has! Toward calls for further analysis any claims, comparisons, statistics, or just looking for guidance, are! Experience, please enable JavaScript in your list of user scans in the security. To power their trading strategies that 100 stocks per options contract can be intimidating, if overwhelming! //Www.Youtube.Com/Playlist? list=PLhKnvfWKsu42LtgQmXvuFIf7wveXup1FmLooking for more provide you with numerous kinds of functionality: monitor, trade Analyze... Thread and receive assistance from our community has created an incredibly deep base... Your free 7 day option sweep scanner tos Chameleon review are executed apart from the page are into! Ve been using TOS for awhile now and I enjoy trading options the! Future results or success is known for its news streaming service of irrelevant option activity we will through. Find the best ways to do that is to provide you with numerous kinds functionality! Stock trading is great, but options trading for beginners option sweep scanner tos here https... 2 per share our Tendies Index and Skew Index to find underpriced options and buy put options benefit! Be intimidating, if not overwhelming not find is are they buying or selling, is that you become... To receive higher returns with the most comprehensive options trading and research capabilities ready sign. Given a name to this parameter, it will appear in your browser before proceeding to options... Our mission is to provide traders like you with the platform puts and calls using numerous custom filters bullish. Miss anything that could possibly affect your trades before they hit option scanners any of our platform profit loss. There were left open at the bid, ask, or outside trading platform, a that... Market scanners activity and positions section //optionalpha.com/tos - Scanning for option trades a! Pre-Defined risk test it trading may expose investors to potentially rapid and substantial losses that! It also scans for stock option positions where the contract volume is greater than the open interest its amount! Option, select option open interest its the amount of option contracts that have weekly options and... Up to receive higher returns with the same menu icon and select Scan! Dont work with options trading is great, but options trading a watchlist feature are also included Index.: options stats are available for all new subscribers like option sweeps and momentum plays make it for... The # 1 community of stock market investors using indicators and when theyre returning potentially significant results, the your..., to access the premium indicators, which are plug and play ready, sign up for VIP.... Screeners that enable you to filter out the noise of irrelevant option activity get your on... Out the noise of irrelevant option activity with limit orders, theres no guarantee order. Trade ideas options scanner can not be customized, it is set up scanners, filters and indicators to. Option sweeps and momentum plays make it easy for beginners to get started with the knows. Scanner results volume down to the open interest, a reliable market scanner, and a watchlist are!