![]() ![]() ![]() If you need unusual options activity via API, either for a highly technical individual investing strategy or for your own customers, Intrinio has a solution that isn’t available from other providers. Why should you get Unusual Options Data From Intrinio? #Using unusual options activity freeYou can read the API documentation here or contact our team here to get set up with a free trial. If you are business that wants to provide unusual options activity to your own end users, you can purchase an API solution from Intrinio for between $800/mo and $1,600/mo.įor that price, Intrinio will provide access to the underlying stock price, options chain, and unusual options in either REST or WebSocket API format. If you are an individual trader looking to incorporate unusual options activity into your investment process, there are companies such as Cheddar Flow and Flow Algo that will sell a terminal solution for less than $100/mo. How can you access Unusual Options Activity? This allows users to decide for themselves if they will use their own threshold or an industry standard such as 5x average volume. Intrinio doesn’t define how far above average the volume needs to be but it provides the data needed to calculate the average volume and to set a threshold when volume becomes unusual. Volume is unusual when the number of contracts trading for a security goes above the average. They do, however, confirm that two investors, the buyer and the seller, are willing to put up a large amount of money and there could be some serious volatility coming for the security. These trades require a buyer and a seller, so they don’t provide any information on which way the stock is moving. This is unusual and typically occurs when institutional investors want to keep the trade secret or cannot execute the trade on public markets due to volume or price constrains.Ī large trade is a big ol trade! Intrinio defines this as any options order over $100,000 in value. Intrinio defines blocks as trades without an exchange, meaning they occurred without an exchange to facilitate them. Stock exchanges tag these trades which allows Intrinio to define sweeps as they occur.Īn options block trade is a large, privately negotiated option order executed off the public option exchange. Sweeps are sophisticated trades and can indicate that a more advanced investor or firm is at work. Intrinio tracks four kids of unusual options activity: Sweeps, Blocks, Large Trades, and Volume.Īn options sweep is a market order split across all exchanges to take advantage of the best prices for a given option contract on each individual exchange. How does Intrinio Define Unusual Options Activity If a trader has access to unusual options activity they don’t know what will happen with the stock but they do know where to focus their attention. It could also mean that institutional investors with lots of money and inside information know something about a company and are moving to take advantage of that knowledge. Unusual options activity could mean there was significant news about a stock, such as earnings being reported, and so traders are reacting to the news. The key thing to remember is that unusual options activity is an indicator that something weird is happening with the stock and traders should pay attention. Traders and data providers can create their own definitions of how large a trade must be before it is unusual or how much volume must deviate from the average before it is labeled as unusual. What constitutes unusual activity is subjective. This difference can be defined in any number of ways, but typical definitions include higher trade volume than normal, large trades being split into smaller lots, or trades being split across exchanges. Unusual options activity occurs when options contracts begin trading in a pattern that is different than normal. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |