If you go on the OCC (responsible for clearing all equity option trades) and download the monthly report then you can see the number of cleared transactions. Calls & Puts combined by OCC-TOTL is 96,989,044 cleared transactions. Or 4,618,525 per day in average. 21 working days in May 2025. Average contracts per transaction is 6.60.
Markets are constantly teasing me by giving me small bits and pieces of success with some quite ordinary discretionary interpretations, so I want to scale it up with programmed back-testing and see weather this is just a luck, or actually exploitable edge.