Definition

Our Options Scanner endpoints provide in-depth insights into option trading activities, focusing on volume and positioning. The endpoints offer data about the net volumes of trades over selected periods, the cumulative net positioning of traders, and information about block trades. These metrics can give users a comprehensive understanding of the dynamics and trends in the options market.

Details

Options scanners provide key insights into trading activity in the options market. These tools allow traders to quickly analyze large amounts of data and identify potential opportunities.

Our Options Scanner endpoints provide detailed insights into net volumes, net positioning, and block trades. Net volume refers to the cumulative volume of trades over a selected period, considering the sign of the initiator of the trade. This is calculated using our proprietary algorithm, which uses order book data at millisecond granularity.

The net positioning endpoint provides information about the cumulative net positioning of traders over a selected period. This data can be seen as the other side of the gamma exposure of dealers and is particularly useful for understanding overall market sentiment and potential shifts in the market.

The block trades endpoint provides information about large, or "block", trades. Block trades are often used by institutional investors and can have a significant impact on the market. Understanding the volume and nature of these trades can provide valuable insights into potential market trends.

What is the purpose of Options Scanner endpoints?

Options Scanner endpoints provide in-depth insights into options trading activities, providing a comprehensive understanding of the dynamics and trends in the options market. They deliver information about net volumes of trades over selected periods, the cumulative net positioning of traders, and data about block trades.

How do Options Scanner endpoints calculate net volume?

Net volume, offered by our 'Net Volume Gvol Direction' endpoint, refers to the cumulative volume of trades over a selected period, considering the sign of the initiator of the trade. The calculation is done using our proprietary algorithm that uses order book data at millisecond granularity.

What is net positioning and how can it be useful?

The 'Net Positioning Gvol Direction' endpoint provides information about the cumulative net positioning of traders over a selected period. This data essentially represents the other side of the gamma exposure of dealers, making it useful for understanding overall market sentiment and potential shifts in the market.

What insights can the block trades endpoint provide?

The 'Block Trades' endpoint provides information about large, or "block", trades. Block trades are often executed by institutional investors and can have a significant impact on the market. Understanding the volume and nature of these trades can provide valuable insights into potential market trends.

Can these endpoints provide detailed information about specific options contracts?

These endpoints are focused on aggregate market data like net volume, net positioning, and block trades. They don't provide specific information about individual options contracts. However, this aggregate data can still provide valuable context for understanding the overall market conditions for specific contracts.