Where is the Most Activity Right Now from Options Traders?

Tom Gentile

Posted in Daily Report

By: Tom Gentile on October 25th, 2022 • 2 mins read

Yesterday we highlighted a 60-day look at the SPY and where it may for to from a Fibonacci Retracement perspective.

We pointed this out for everyone to then establish if they will remain bullish in anticipation of the Fib level resistance areas getting hit.

The decision at the point one of those Fib levels gets hit is will the markets trade higher to next upper-level Fib price area or will a Fib level become resistance and trade lower.

Below are the Morning Reports Lists

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The above two lists show what options are expensive, meaning their options are higher than normal, which could be as a result of Implied Volatility (IV), in the options price cranking higher.

One factor accounting for a spiking IV is the security is coming up on an earnings date.

The IV is a result of an influx of speculators coming in to trade them in anticipation of either a good or bad earnings report and no matter which it is the expectation of options traders is a big move will happen in either direction based on what the company announces.

The next set of lists are where bullish and bearish options activity is taking place.

They may be cheap or expensive and you can cross with the other two previous lists to see.

The option activity below is what you al and your brokers can use to assess what trades may be suitable to the portfolio based on you and your financial team’s assessment for market direction.

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App: Toms Option Tools

Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.

Other times I will have other charts may work to amplify my educational points. 

Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.

Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.