Options Flow Summary – MarketXLS New Release 9.3.5

We’re excited to share the newest addition to MarketXLS – our Advanced Options Flow Summary functions in Version 9.3.5, released on September 21st, 2023.

Key Updates Summary:-

Options Order Flow Summary Functions
Market Scan to identify Tickers with unusual activities.
Market Scan to identify Individual options with unusual activities.
Backtest Accurately with Historical Option Chains

Here are the new updates:-

1) A Closer Look: Options Order Flow Summary Functions

Total Volume & Open Interest Functions: Understand the complete volume of options traded for an underlying with functionalities tailored to retrieve total volume based on specific criteria like option type (call/put) and specific expiry.Example: =opt_TotalVolumeOptions(“Symbol”,”P”,ExpirationNext(“Symbol”)) will return the total volume of options traded for the underlying with a specific expiry and option type.
Put/Call Ratios: Get market sentiment with precise ratios, whether you’re looking for volume-based ratios or open interest ones. These functions also offer insights into historical ratios, helping in trend analysis. Example: =opt_PutCallVolRatioHistorical(“Symbol”,”2023-09-01″) provides the put-call volume ratio for an underlying on a historical date.
Historical Option Data: Analyze expired historical options. Example: =opt_ImpliedVolatilityHistorical(“Symbol”,”2023-09-01″) fetches the implied volatility for an option on the mentioned historical date.
Option Utility Functions: Make your own real-time option chain with strikes and expirations you need with our new option utility functions like use StrikeNext to retrieve strike prices for specific expirations.Example: =opt_StrikeNext(“Symbol”,2,ExpirationNext(“Symbol”)) provides the strike for a particular expiration.

2) MARKET SCAN TO IDENTIFY UNDERLYING “TICKER”

Unusual Option Open Interest (OI) Scan: Pinpoint underlyings that show significant deviations in their open interest with the =opt_UnusualOptionOIScanEOD(10) function. This scan filters out the underlying assets with the highest change in OI compared to the previous trading day, giving you a potential lead on market sentiment.
High Volume Underlying Scan: Stay ahead by identifying underlying assets that are attracting substantial trading volumes. Utilize the =opt_UnusualOptionVolScanEOD(10) function to zero in on those underlyings with the highest trading volumes.
Combined Volume and OI Scan: Sometimes, both volume and open interest give a clearer picture. Use the =opt_UnusualOptionVolOIScanEOD(10) function to identify underlyings that are not just attracting higher trading volumes, but also showing notable shifts in open interest.

3) THESE ARE “OPTION LEVEL” SCANS OF ENTIRE MARKET

Unusual Stock Options Activity: Track anomalies in the options market effortlessly. With the =opt_UnusualStockOptionsActivity(5) function, you can quickly identify options that demonstrate the highest vol/oi, potentially highlighting unusual market activity.
Leaders in Open Interest Change: find options with significant shifts in open interest. The =opt_OptionsChangeInOILeaders(5) function lays out the options with the most substantial OI change from the previous trading day.
Volume Leaders Scan: Use the =opt_OptionsVolumeLeaders(5) function to spotlight options that are experiencing the highest trading volumes, thereby capturing market attention.
Large Volume Change in options: Get momentum shifts on options with the =opt_OptionsChangeInVolumeLeaders(5) function. This tool pinpoints options with the most considerable change in trading volumes from the previous day.
Open Interest Leaders: An essential metric for derivatives traders, open interest can offer insights into market sentiment. Leverage the =opt_OptionsOILeaders(5) function to identify options with the highest open interest in the market.

4) Retrieve Full Option Chain Data: Never miss a historical data point.

With =opt_HistoricalOptionChain(“Ticker”,”Date”), retrieve complete option chains from past dates, giving you a powerful tool for precise backtesting. Analyze historical market dynamics, assess past volatilities, and refine your trading strategies by understanding how options behaved on specific days.

*** CHECKOUT THE VIDEO’s BELOW ****

Options Trading | How to do Options Treading with MarketXLS | New Advanced Option Analytics Function – Link
Get Future Strike prices and expiration dates in Excel – Link

Our team has performed minor optimizations to run MarketXLS smoothly. Please email us at support@marketxls.com with any concerns or issues you face.

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