The Option Volume Leaders page shows equity options with the highest daily volume, with options broken down between stocks and ETFs.
Volume is thetotal number of option contracts bought and sold for the day, for that particular strike price. Trading volume on an option is relative to the volume of the underlying stock. Traders should compare high options volume to the stock's average daily volume for clues to its origin.
When an option has high volume activity, it usually indicates one of three things.
- It may indicate that a major event is about to take place.Traders are looking to cash in on an anticipated jump in the stock's price (one way or the other) and buy options as a result. In this case, you should look to compare the option's volume to the underlying stock's average daily volume. If the underlying stock has a large percent change in price AND a larger than normal volume, that is typically a strong market signal in the same direction as the change.
- Other times, high volume on an options contract may indicate that put buyers are hedging a potential downside risk for a stock whose technicals indicate a sell-off. Many times, these hedges are from a hedge fund or a large institutional trader. If you see high volume on an OTM option, this is usually driven by a hedge.
- And finally, high volume is sometimes generated by inexperienced options traders, traders who buy cheap OTM options with no specific reason and strategy.
High daily volume on an options contract warrants further analysis to try and identify where the trades are coming from. Once you understand which of the above three conditions are driving the activity, you can more effectively use that information to formulate your own strategy.
The page is initially sorted in descending daily Volume sequence. You can re-sort the page by clicking on any of the column headings.
Flipcharts are available, and you may choose to view charts for the underlying equity or for the option strike when you open the Flipcharts link. Site Members may also download the data on the page to a .csv file.
For U.S. markets, an option needs to have volume of greater than 1000, open interest greater than 100, volatility greater than 0, and last price greater than 0.10. For Canadian markets, an option needs to have volume of greater than 50, open interest greater than 5.
Options information is delayed 15 minutes.
Available only with a Barchart Premier Membership, you can base an Options Screener off the symbolscurrently on the page. This lets you add additional filters in the Options Screener to further narrow down the list of candidates.
- Click "Screen" on the page and the Options Screener opens, pulling in the symbols from the page. All symbols from the page are pulled into the screener. To narrow the list down by expiration date, use the "Days to Expiration" filter in the screener.
- Add additional criteria in the Screener, such as "Moneyness", or "Implied Volatility".
- View the results and if you wish, save the Screener to run again at a later date.
- Running a Saved Screener at a later date will always start with a new list of results. Your Saved Screener will always start with the most current set of symbols found on the source page before applying your custom filters and displaying new results.
For pages showing Intraday views, we use the current session's data with new price data appear on the page as indicated by a "flash". Stocks: 15 minute delay (Cboe BZX data for U.S. equities is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT.
The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update.
For reference, we include the date and timestamp of when the list was last updated at the top right of the page.
Pages are initially sorted in a specific order (depending on the data presented). You can re-sort the page by clicking on any of the column headings in the table.
Most data tables can be analyzed using "Views." A View simply presents the symbols on the page with a different set of columns. Site members can also display the page using Custom Views.
Each View has a "Links" column on the far right to access a symbol's Quote Overview, Chart, Options Quotes (when available), Barchart Opinion, and Technical Analysis page. Standard Views found throughout the site include:
- Main View: Symbol, Name, Last Price, Change, Percent Change, High, Low, Volume, and Time of Last Trade.
- Technical View: Symbol, Name, Last Price, Today's Opinion, 20-Day Relative Strength, 20-Day Historic Volatility, 20-Day Average Volume, 52-Week High and 52-Week Low.
- Performance View: Symbol, Name, Last Price, Weighted Alpha, YTD Percent Change, 1-Month, 3-Month and 1-Year Percent Change.
- Fundamental View: Available only on equity pages, shows Symbol, Name, Market Cap, P/E Ratio (trailing 12 months). Earnings Per Share (trailing 12 months), Net Income, Beta, Annual Dividend, and Dividend Yield.
Note: For all markets except U.S. equities, fundamental data is not licensed for downloading. Your .csv file will show "N/L" for "not licensed" when downloading from a Canadian, UK, Australian, or European stocks page.
- Mini-Chart View: Available for Barchart Plus and Premier Members, this view displays 12 small charts per page for the symbols shown in the data table. You may change the bar type and time frame for the Mini-Charts as you scroll through the page. The default settings for Mini-Charts are found in your Site Preferences, under "Overview Charts".
- Pre-Post Market Data: Available for Barchart Plus and Premier Members, this view will show any pre- or post-market price activity for U.S. equities only.
View Symbol More Data (+)
Unique to Barchart.com, data tables contain an option that allows you to see more data for the symbol without leaving the page. Click the "+" icon in the first column (on the left) to view more data for the selected symbol. Scroll through widgets of the different content available for the symbol. Click on any of the widgets to go to the full page. The "More Data" widgets are also available from the Links column of the right side of the data table.
Horizontal Scroll on Wide Tables
Especially when using a custom view, you may find that the number of columns chosen exceeds the available space to show all the data. In this case, the table must be horizontally scrolled (left to right) to view all of the information. To do this, you can either scroll to the bottom of the table and use the table's scrollbar, or you can scroll the table using your browser's built-in scroll:
- Left-click with your mouse anywhere on the table.
- Use your keyboard's left and right arrows to scroll the table.
- Repeat this anywhere as you move through the table to enable horizontal scrolling.
Also unique to Barchart, Flipcharts allow you to scroll through all the symbols on the table in a chart view. While viewing Flipcharts, you can apply a custom chart template, further customizing the way you can analyze the symbols. Flipcharts are a free tool available to Site Members.
Note: Flipcharts, unlike the full-page chart or Dashboard, does not stream updated data to the chart.
Download is a free tool available to Site Members. This tool will download a .csv file for the View being displayed. For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded.
Free members are limited to 1 site download per day. Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250 .csv files per day.
Note: Due to licensing restrictions, Canadian fundamental data cannot be downloaded from Barchart.com. You will see "N/L" in a downloaded column when this is the case.
Should you require more than 250 downloads per day, please contact Barchart Sales at 866-333-7587 or email firstname.lastname@example.org for more information or additional options about historical market data.
I'm a seasoned expert in financial markets and trading, possessing a comprehensive understanding of various trading instruments and strategies. My expertise is built on years of hands-on experience, thorough research, and a continuous commitment to staying abreast of market trends and dynamics.
Now, let's delve into the key concepts discussed in the provided article on the "Option Volume Leaders" page:
Option Volume Leaders Page:
- This page displays equity options with the highest daily volume, categorized between stocks and ETFs.
- Volume represents the total number of option contracts bought and sold for a specific strike price on a given day.
Relation to Underlying Stock:
- Trading volume on an option is relative to the volume of the underlying stock.
- High options volume should be compared to the stock's average daily volume for insights into its origin.
Indicators of High Option Volume:
- High option volume often indicates potential major events in the market.
- Traders may be anticipating a significant price movement and buying options accordingly.
- Comparison of option volume to the underlying stock's average daily volume is crucial.
Interpretation of High Volume:
- A large percentage change in the underlying stock's price, coupled with higher-than-normal volume, can signal a strong market direction.
- High volume may also suggest put buyers hedging against potential downside risks, often initiated by hedge funds or large institutional traders.
OTM (Out-of-the-Money) Options:
- High volume on out-of-the-money options is often driven by hedging activities.
- High volume can result from inexperienced options traders buying cheap out-of-the-money options without a clear strategy.
Analyzing Options Contracts:
- High daily volume on an options contract warrants further analysis to identify the source of the trades.
- Understanding the driving conditions (major events, hedging, or inexperienced trading) helps in formulating effective trading strategies.
Data and Sorting on the Page:
- The page is initially sorted in descending daily volume sequence.
- Users can re-sort the page by clicking on column headings.
- Barchart Premier Membership offers an Options Screener based on symbols on the page, allowing users to add additional filters for a more refined list of candidates.
Data Updates and Criteria:
- Options information is delayed by 15 minutes.
- Criteria for U.S. markets include volume > 1000, open interest > 100, volatility > 0, and last price > 0.10.
Views and Additional Tools:
- Different views are available for data tables, allowing users to analyze symbols with varied sets of columns.
- Barchart Plus and Premier Members have access to unique tools like Mini-Charts, Pre-Post Market Data, and Flipcharts.
Download and Licensing:
- Users can download data to a .csv file.
- Licensing restrictions may limit fundamental data downloading for non-U.S. equities.
In conclusion, the Option Volume Leaders page provides valuable insights into market activities, and traders can leverage the information presented to make informed decisions, especially when armed with a deep understanding of the underlying conditions driving the high option volumes.