Unusual Option Activity Thinkorswim

Here is a scanner that will help you screen for stocks with unusual volume in thinkorswim.

Unusual option activity thinkorswim. In the thinkorswim platform s scan stock hacker tab select the flame at the top right that represents the sizzle index. Scanner for unusual buy volume and average volume. Best scan or script for unusual volume or anomaly. Market wide unusual option volume trades bought on the ask or sold on the bid with unusual volume of 6 15 million contracts is 1 26 million above recent average levels with puts leading calls by 111 3 in total dollars traded.

Unusual volume with option s hacker. We ll now leverage the first and second scans and use them in conjunction with the option s hacker. Unusual options can prove insight on what smart money is doing with large volume orders signaling new positions and potentially a big move in the underlying stock or etf. Services offered include common and preferred stocks futures etfs option trades mutual funds fixed income margin lending and cash management services.

Thinkorswim is owned by td ameritrade td ameritrade is an american online broker based in omaha nebraska. An unusual options activity order is one that stands out and is relatively large so this definitely looks like unusual options activity. Amtd is the owner of td ameritrade inc. 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.

Create a new indicator in thinkorswim and import this code. While we can t truly emulate scanning for specific option strikes we can get close by combining high volume in specific option strikes with unusual volume in the underlying. Unusual volume scanner for thinkorswim. 2 456 000 bearish unusual option activity detected on 1 11 19.

To put this unusual options activity into perspective on that same day over 2 2m options in the spdr s p 500 spy contracts traded. However their daily average contracts are 3 8m. Scan all optionable stocks. This will prefill the stock hacker with the parameters to find the securities with a per share price above 5 volume above 100 000 shares and market cap above 35mm that have the most unusual options volume.