From TradersList Editors

From TradersList Editors

Leverage this scanner to detect high-volume option activities and uncover pivotal trading opportunities on ThinkorSwim.

Leverage this scanner to detect high-volume option activities and uncover pivotal trading opportunities on ThinkorSwim.

ThinkOrSwim Indicator

ThinkOrSwim Indicator

Unusual Option Activity Scanner for ThinkOrSwim: Detect Abnormal Options Volume

Unusual Option Activity Scanner for ThinkOrSwim: Detect Abnormal Options Volume

ThinkOrSwim platform interface displaying the Unusual Option Activity Scanner with a list of option contracts with volume of 10,000 or more and strike prices and expiration dates

by theelderwand on ThinkOrSwim

ThinkOrSwim platform interface displaying the Unusual Option Activity Scanner with a list of option contracts with volume of 10,000 or more and strike prices and expiration dates

by theelderwand on ThinkOrSwim

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Unusual Option Activity Scanner For ThinkOrSwim

Unusual Option Activity Scanner For ThinkOrSwim

Unusual Option Activity Scanner for ThinkorSwim is an Indicator that scans option contracts with volumes of 10,000 or more to identify unusual activity. Fine-tune settings according to your needs.

Unusual Option Activity Scanner for ThinkorSwim is an Indicator that scans option contracts with volumes of 10,000 or more to identify unusual activity. Fine-tune settings according to your needs.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

Get on ThinkOrSwim

This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

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Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

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Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

Published by theelderwand on ThinkOrSwim

Published by theelderwand on ThinkOrSwim

Why Unusual Option Activity Matters

When option contracts trade in volumes far exceeding their normal levels, it often signals that informed traders are placing large directional bets. These could be institutional hedges, speculative plays ahead of earnings, or insider-driven activity. Tracking this flow reveals what the "smart money" is positioning for.

How the Scanner Filters Activity

The scanner targets option contracts with volumes of 10,000 or more, isolating only the most significant activity. Users can further fine-tune by adjusting the volume threshold, filtering by expiration date or focusing on specific strike prices to narrow the scan to the most actionable signals.

Why Unusual Option Activity Matters

When option contracts trade in volumes far exceeding their normal levels, it often signals that informed traders are placing large directional bets. These could be institutional hedges, speculative plays ahead of earnings, or insider-driven activity. Tracking this flow reveals what the "smart money" is positioning for.

How the Scanner Filters Activity

The scanner targets option contracts with volumes of 10,000 or more, isolating only the most significant activity. Users can further fine-tune by adjusting the volume threshold, filtering by expiration date or focusing on specific strike prices to narrow the scan to the most actionable signals.

Interpreting the Results

A large call option purchase on a stock trading near support could indicate bullish expectations. Conversely, heavy put volume at resistance may signal anticipated downside. Context matters - check whether the activity is opening or closing positions and whether it coincides with news or earnings dates.

Integrating With a Trading Workflow

Active traders use this scanner as a starting point for trade ideas. Once a stock is flagged for unusual option activity, the next step is to analyze the price chart, check technical levels and review any upcoming catalysts. This combination of options flow and technical analysis creates a more informed trading process.

Interpreting the Results

A large call option purchase on a stock trading near support could indicate bullish expectations. Conversely, heavy put volume at resistance may signal anticipated downside. Context matters - check whether the activity is opening or closing positions and whether it coincides with news or earnings dates.

Integrating With a Trading Workflow

Active traders use this scanner as a starting point for trade ideas. Once a stock is flagged for unusual option activity, the next step is to analyze the price chart, check technical levels and review any upcoming catalysts. This combination of options flow and technical analysis creates a more informed trading process.

Detect large option flows using a simple scan

Detect large option flows using a simple scan

This scanner filters option contracts trading 10,000 or more contracts to surface unusual activity. Large option volume often signals institutional positioning, directional bets ahead of catalysts or informed trading that retail traders can monitor.

This scanner filters option contracts trading 10,000 or more contracts to surface unusual activity. Large option volume often signals institutional positioning, directional bets ahead of catalysts or informed trading that retail traders can monitor.

Surface Unusual Options Flow

Scan for contracts with volume far exceeding normal levels to identify where significant capital is being deployed in the options market.

Filter and Focus Analysis

Adjust volume thresholds and filter by expiration or strike to narrow results to the most relevant and actionable signals.

Track Institutional Positioning

Large option trades often reflect institutional hedging or speculation, revealing where informed traders expect price to move.

Common Questions About Unusual Options Activity

Common Questions About Unusual Options Activity

Tracking large option orders can reveal institutional positioning, but interpreting the signals correctly requires understanding the context. Here are common questions about unusual options flow.

Tracking large option orders can reveal institutional positioning, but interpreting the signals correctly requires understanding the context. Here are common questions about unusual options flow.

Does unusual call volume always mean the stock will go up?

No. Large call purchases could be hedges against short stock positions or closing trades rather than new bullish bets. Check whether the activity represents opening or closing positions and whether puts are also active at similar levels.

Why is the threshold set at 10,000 contracts?

The 10,000 contract threshold filters out routine retail activity and focuses on potentially institutional-sized trades. You can adjust this threshold higher for more selective filtering or lower if you want to capture more activity.

How do I know if the options activity is smart money or just noise?

Look for context. Unusual activity near support or resistance levels, ahead of earnings or around known catalyst dates is more meaningful. Activity in illiquid strikes with no news is harder to interpret and may just be hedging.

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Web sentiment

Web sentiment

Traders appreciate the Unusual Option Activity Scanner for ThinkorSwim, valuing its usefulness and community support, though opinions vary on ease of use.

Traders appreciate the Unusual Option Activity Scanner for ThinkorSwim, valuing its usefulness and community support, though opinions vary on ease of use.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

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TradersList Reviews (4)

TradersList Reviews (4)

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

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Source: TradersList Reviews

Source: TradersList Reviews

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