You can see it’s barely moving but there’s something unusual from the options side. So when you look at that something’s unusual this is where you’re looking at there must be something going on. When you sort by percent change that is actually what’s telling you the range of movement of percentage-wise whereas the sizzle index doesn’t necessarily do that for you.
The percent change would do that for you. Because when we look at the chart, it doesn’t tell me that the stock’s actually moving. The sizzle index is just something’s going on underneath that surface. Now again this doesn’t necessarily mean it’s moving the most. Pull up the chart and see some interesting activity from the option side. Remember the more results you choose a little bit takes a little bit of time to load and then sort by sizzle index. Last price - 25 dollars, at most maybe 1000 dollars.
If I got like a 5x or a sizzle of five, it means it’s trading like five times larger than normal. What sizzle means here is if we increase the sizzle index, it basically tells you of what a range of activity is there. Go over to the right and load scan - there’s a bunch of stuff like top 10 Gainers NASDAQ, top 10 sizzling stocks - it will give you some stocks right there that are sizzling already.īut what you could do is just go in, click this sizzle as well and it’ll just give you sizzling effect.You could also hit the +4 key - that’ll bring you into that area as well. When we’re looking for unusual options activity, we’re should go to the Scan tab.You could set up non-directional trades, bullish trades, and bearish trades.īut what you can do is evaluate that there’s something going on here and that’ll give you a chance, an opportunity to trade or play. But again, that doesn’t necessarily mean you know the direction that it’s going. But it just shows you that there’s more activity there and there’s something for you to watch out for.Īnd if you have these things on your radar, it may give you a good indication to try a strategy now. It means there’s no liquidity and the stock could be heading higher or lower - it doesn’t necessarily imply direction.
You might be wondering why would I want to look for unusual Options activity.īy looking at unusual trading activity, you look at them from the side of what are other people trading.
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