Volume, yes of course, but of the underlying only. The scan params: Sectors = All MktCap >= 5B Beta >= 2.0 AvgVol >= 1M 13w PriceChg% >= 3 BUT: then one has to handpick and analyze from the resulting list... One can also add some indicators., but for me it's enough when I just see the 1 y price chart.
Go slow. There is always tomorrow and new trading ideas. Usually when we are 99% sure, that 1% becomes more probable !!
Yeah, Sandy will hit NYC badly, guess where the big financial companies sit... For the God-believing Americans: this storm was sent by God the Almighty to punish America for its sins, lies and war crimes...
It's an opportunity to make profit from the Sandy storm: just short sell those east coast/NYC companies which will be hit hard, or buy put options....
This is a good idea because the markets are open right now and no one else knows or will have any idea what the damage is to those companies before you.
One can trade via the Asian markets, and in about 8 hours also via the European markets, regarded one has accounts over there... For example here in Europe among many issuers the UBS bank sells many US options, I don't know if it's called OTC or if it's their "own ECN", but it seems so...