If you see unusually high volume in puts what does it really mean ?

Discussion in 'Options' started by john7722, Mar 26, 2023.

  1. ETJ

    ETJ

    What is in the OPRA indicator field? The answer may lie there and your broker should have access. My "guess" in a listed trade would be a married put and that would show in the OPRA field. Anything over 200 generates a LOPR report.
     
    #11     Mar 26, 2023
    john7722 likes this.
  2. Overnight

    Overnight

    I thought 5000 options would be 500,000 shares?
     
    #12     Mar 26, 2023
    wildchild, taojaxx and spy like this.
  3. wildchild

    wildchild

    What does the implied volatility imply?
     
    #13     Mar 26, 2023
  4. john7722

    john7722

    Which borker do you use? IBKR can't figure it out, they never heard of it so maybe they don't offer it?
     
    #14     Mar 27, 2023
  5. john7722

    john7722

    I don't have any specific example but if IV is around 50% and has been ranging from 45-60 in the past 3 month and then suddenly you have an increased options activity that looks to me like there could be a possibility of a move. Like some other users said , one can never know the motivation behind the huge options purcahse but it might be an indicator of a possible move.
     
    #15     Mar 27, 2023
    wildchild likes this.
  6. john7722

    john7722

    But what if the stock has 1B market cap , trades as $30, very low volume , low IV and then suddenly someone buys 500 calls 10% OTM exp in 2 month. Would that be an interesting trade to explore?

    I 've been watching some youtube webinars about unusual options activity but it looks like everybody is just trying to sell you subscription at the end for info that you can find for free. If I was right even 30% of the time using this strategy I would not be selling subscription .
     
    #16     Mar 27, 2023
  7. ETJ

    ETJ

    Pretty much every firm/member see's the order condition field. Your broker is too lazy, doesn't choose to bother or is FOS. You can see the specs on OPRA's site. The condition field not the LOPR report.
     
    #17     Mar 27, 2023
  8. newwurldmn

    newwurldmn

    You could explore to see if something in a scenario like that. It doesn't necessarily mean someone is informed as they might be putting on a lottery ticket bet. But it also could.
     
    #18     Mar 27, 2023
  9. ETJ

    ETJ

    Here is an old conditions guide. Again, only subscriber/member access.
     
    #19     Mar 27, 2023
    Atikon likes this.
  10. john7722

    john7722

    ibkr options.JPG
     
    #20     Mar 28, 2023