OI

deep3bat

Solid issue, but I've no clues where spy or qqq would go. I'll probably select strike with crowded OI. Probably will mess it up 😂😂

diablo9946826

Margins are very tight for option 1, have asked for bridge funding from my source, I also have Dec put at 16700, both naked. I usually do a pendulum trade, where I open the short leg first and then a couple of days later when IV settles down or the farther OTM puts become cheaper I covert the position to a spread, irrespective of how good/bad markets look. But in this case markets have moved so violently in such a short span of time, buying puts to cover nearly means having a 1000 point plus width, with that too very little credit. 17k has the highest OI on the put side for the monthly series, but persistent selling could lead to OI unwinding. But I’m confident with more capital being infused to handle margin calls, I should be able to come out of this mess by Jan end in case markets just tank and sit near 16k

hombregato

It's fine as long as you keep thinking of yourself as Chuck Yaeger when the bastards in charge told him he couldn't go to space. [https://www.youtube.com/watch?v=LQt579381OI](https://www.youtube.com/watch?v=LQt579381OI)

JeffTheOmega1

FNHC trading below cash low floater RAAS trading 300% below cash value OCUP 3 day rule pt $27 last week OPK FDA Pfizer decision Jan 2022 for adolescent growth hormone treatment, covid testing, recent beat er. Look at that OI on options chain all chains. Likes to dip 4.10. Weekly bullish af

xJuSTxBLaZex

You already purchased this? Seems like the fill would suck considering the 210c has a volume of 1 and OI of 46.

investorguidance

Depends on your bankroll and how Bullish.. Depends on the stock/price, Volume, OI, IV, and all of the fundamentals and Indicators of the underlying stock.. Is there potential for a 25%-50% gain - buy OTM calls.

Historical-Pattern-

I know two people, older women, who have purchased a DOOO motorcycle. The two wheels in the front one in the back kind. Earnings in a few days but the chain has like 20 OI total and inst. ownership isn't inspiring, especially going into winter. Oh well, coulda been a fun one but maybe during spring after they smash another earnings.

xcheezeplz

I didn't check out OI to see how much of that move was bearish positions getting caught. Tldr, I think it's possible to hop of the back of retail on this trade but I wouldn't get greedy and would exit the position when you see a nice return. Don't try to ride it to the moon as a long term, just take profits.

JS-a9

Another dude says OI posts the next daysl. I don't know shit. I'm just showing off my reading skills

ImHereForTheTendies

Fuck this sub has gotten dumb. OI doesn't show up until the next trading day

gimmetheloot2p2

OI is 122..

xxJunjiFritoxx

Can you elaborate? Bid-ask, volume, OI are a few things

MichaelS10

Honestly that’s kinda deceptive when you consider the difference in OI of ITM and OTM

just_jay88

look at the 415's OI, someone was probably just closing out a long dated spread

Own_Tackle4514

South African strain, but also it doesn't matter what strain at this point Covid stuff will spike regardless, just like any biopharma stock that comes out on Cancer results, "Cancer" is what bulls see key words matter in this market, although I do agree and to track back next news article with "NU variant" in it will pop, but also keep an eye on option chains as well lots of OI on NRXP

glcorso

I understand that, I just kind of want to know what exactly the numbers mean. For the example where bid is .30 and ask is .90, I'm sure volume and OI aren't going to be great, but I don't understand where those numbers are coming from. OCGN 12/17/21 3.50 strike: OI is 0 and volume is 0 Bid is .01 and ask is .54. Where did those numbers come from?

theta_eta_my_beta

WTI JAN futures volume nearly 2x of yesterday OI and down 12%. People freaking the fuck out

obiwanjustblowme

Huge OI today at 460P, unfortunately gonna gamma ramp down. Buy calls for obv Monday recovery.

HeavyBagsHeavyHearts

Uh oh spahdoodios. I saw another post by you about some 12/31 500c on SPY I think, saw the OI and thought "heck I'll throw a few bucks in", not super thrilled about what SPY is doing right now, but will absolutely follow for more recipes.

Wild-Gazelle1579

Also, OI in the options seems to be not that stacked. I was expecting to see more OI and Volume if people like whales thought this was going to pop hard because of this dividend. It's ok OI. But, nothing crazy. Idk maybe the volume will increase today and monday. We'll see.

OptionsAlchemy

Anyway, the logic is mechanical. We don’t know the dealer positioning on many stocks, but we do know they are roughly 99% short puts and long calls on index ETFs, due to the widespread use of option collars. And so if there are major put OI walls suddenly getting breakers, then dealers must sell a ton of shares to hedge their short puts, which are now more bullish as a result of gamma waking up their deltas. That attracts more long puts from retail, making the situation worse in a vicious cycle. At some point, if it gets bad enough, only Fed intervention can turn it around. This is what happened in the March 2020, if you want to study that data.

sveltepants

Dynatrace feb $65 and $70 have unusually high OI. Don't know anything about the company, have to look into it.

Historical-Pattern-

Just unloading that heavy put OI

mysecretupvoteacct

It was a half-ass shitpost. Nok is an IV play. Not a short or gamma squeeze. Whenever Nokia jumps again even mildly close to like it did in January, I believe $10 will come in short order and probably higher than that, even. That meme spike was a bullish narrative to display a precursor. *I can feel it in my bones.* Take a look at the OI for options 1/21/22. Either its the usual bullshit trap for Nok, or $10 is right around the corner. As I famously said to my ex, **mark my words**

Packolypse

How sure are you of this $478c is being shorted? Is it just because of the OI being high? What’s your opinion for tomorrow? Given the last 3 weeks I’m a betting it drops to $465 and maybe to $467 a few times before it closes back to $469

sans-nom-user

It's more common than you think. Especially with newer sm caps that havent had options for very long (like less than a year). Option chains will only expand if volume/OI picks up. My guess is mnmd isnt very liquid on the option side. An example of another stock with identical weak strike spread is PAVM. There are plenty more

rubitonurchest

I've been jumping in and out of this for roughly 7 weeks scalping small profits. Sentiment, SI and OI grew so I went hard w 6k shares on the last >$3 dip. We started to see a slow climb but not as fast as my self (assuming many others) had hoped and we had some paper handing (that's me) the hype grew as we had OI at about 20% of the float for the 19th. MM's made a strategic move and not only added strikes but also weeklies thousands and thousands of contracts were rolled further out and higher strikes, FOMO drove new buyers to cheaper calls $7.50 plus and our concentrated efforts were diluted across the time line of strike price and exp. Dates. Please keep in mind I'm trading for about 8 months now and 2 months of options so this is just my thought process. I do still believe in the fundamentals and going LONG on my remaining shares while simultaneously thinking the squeeze play is dead.

DamascusWaygu

Lol because contracts with massive OI always print. Look I’d love SPY 480 Friday my January calls would print, I just don’t see it.

ChickyBang

It’s the AMC Dec 31 38 strike DTE 38 days ! OI was around 1200 now 162 . Same thing as a few days ago before I rolled out to the same 38 Strike to collect more premium . Thank you

dealsatm

Remember at beginning of 2021, when it was traded at $40+, that was when people bought those OTM calls. Oh well, they don't close or sell for loss but pray for miracle== high OI but low volumes.

PapaCharlie9

Adding to the other reply, OI is the *previous* trading day's value. OI does not reflect today's trades until the next trading day.

corey--

Open interest means how many contracts are currently open. Buy to open matched with sell to open = OI goes up 1 Buy to close matched with sell to open = OI stays the same Buy to open matched with sell to close = OI stays the same Buy to close matched with sell to close = OI goes down 1

ball0fsnow

Disney options chain looks spicey for the next month or so, heavy OI on calls. Don’t know if it’s institutional hedging or some mad gamblers but it’s one to watch

AxemanFromMA

Friday 478C 11/26 OI 27,000 🤨 Shorts less than 3d to cover

Stonkybucs

Sometimes I'll just buy the cheapest long put with decent OI to not get assigned. Saves on margin too.

YoloAlgo

I think we open with massive OI > There will be a huge sell off as commanded by the theta gods. Good luck with those. Put call ratio to close the day was .1

prana_fish

Is there a way or any tool that can chart how the OI (open interest) for all available call/put strikes have changed from day to day? Also the volume across each?

Sapere_aude75

10 year Treasury has popped out of the range it's been in for quite a long time. If it's not a false breakout I think we could be going to 1.8 or 2 on the 10 year. All of the growth, tech, and high debt plays are going to get murdered in high rate environments. Banks and Insurance are two areas that might benefit. I'm thinking about picking up some regional bank calls. ATLC looks like a prime candidate to me if I can get good bids as OI is small and spreads are big. When rates show signs of reversal I will go pretty heavy into tech. This seems like it could be an over reaction.

irishdud1

Liquidity. OI is greater and the bid/ask spread way easier to enter and exit positions.

Roxaos

Why is there 5k OI on Chegg Jan2022 $135c Are these people insane

Historical-Pattern-

The chain is decent def some nice OI on the $60s. Every ticker has 12/17, big year end option date with a shit ton of OI.

slashrshot

surprisingly on the options chain there are alot more calls than puts OI. idk where these people get their info that there are more puts...

ClamPaste

Did money go to something else, like bonds? Are you seeing high OI in puts in the indices? No, and I haven't checked yet. I'm thinking there's a big rumor and tutes are going to cash in order to grab up something. My guess is we're going to officially tap into strategic oil reserves.

c0wboyroy30

If you are a full degen and believe in max pain, there is 9000 OI on 470 puts expiring today, if those go out of the money MM’s will come out ahead. 5 min to go…

MyNi_NotYourNi

You're overcomplicating things. Prog has a nice short squeeze potential, possibly a gamma one too if the OI gets heavy enough, and the long shot of positive news catalysts. What you note above is not helpful. Here's why: >There is no bad news. Only good news from the conference (https://investors.progenity.com/news-events/events-presentations) . So the situation is really stable. No dilution, only the direct moving to the goals. Newsflash - conferences don't make a habit of being platforms to spread negative news. Nothing suggests things are "really stable" - more that they have products they can talk about. > They cannot just tell the names of new partners. This very complicated process. It can long a few months. It's actually very simple - they have an NDA. And they will not be able to share the partner's name until it's clear their product works, because their partner would rather not get embarrassed. It's how these things work. Prog might want to name and crow all they want, but the bigger pharma calls the shots. > Shorts eat each other and daily traders. Almost everyone here is keeping the buys. Wut.. What do you see in the data that suggests this? One of the main reasons the price hasn't mooned yet are the limit orders that provide massive walls. And that's everyone doing what they should be doing - taking profits so they are not the last bagholder. You may not like it, but that is what everyone is doing. >They just make the situation better for us as they will need to buy back. Wut... why would they ever buy back. This is an early stage pharma. The name of the game is to raise money and burn it for research, and hope to hit it big. It would be beyond idiotic for them to buy anything back at this time. >This game is not for those who don't want to wait. Big money needs patient. 90% of the situation when some tries to make the scalping as a not professional trader, it leads to loses. Sure it is. Pretty much everyone has been accumulating at the troughs and selling at the highs. We've rinsed and repeated this a half a dozen times already. >There is no Atherium anymore. This means that nobody can directly say what to do. The board is making their job now in better conditions. I even guess that it's not strange to see the better changes of the board when Atherium had lost the position. Lol the Atherium boogeyman... Which was never really there. Remember the whole David vs Goliath thing, trying to make this like GME? As always, reality is much simpler than that. It's one where the big boys fight it out, and the likes of you, me and the rest of retail don't matter much. >Shitadel. Every time when it is involved means something is bad to happen to hedges. They need help. But history says what we know - such stock as PROG is the human power, and it always wins. Really? Since when? They are a MM. They have their fingers in every pie. Can't get away from them. Seriously, man, get a grip :)

Dorktastical

What you should be caring about is the spread, OI doesn't matter

Cantos

because I am a degenerate also because of OI.

cococleo

GGPI has more bullish OI than AGC or BBIG

Dirly

how is this Gamma squeezable the OI on it is trash

slutpriest

"Implied volatility & open interest? Looking to start off small $50-100 into options" Save up those Wendy's paychecks. If you want to make any REAL money in the stock market with options, and quickly, you'll need around 250-500 for 1-2 ATM/ slightly OTM calls for a month out. This is a tried and true strategy. "What is a good open interest and implied volatility area to work with? I been playing spy, riot, lucid and amc last week. Mostly losing all money i put in almost." Try to focus on 1-3 daily, I'm telling you from experience if you have 3+ open positions, and they all peak at the same time, you'll probably make money on 2 and lost money on the 3rd because you weren't quick enough. Most of the time I lost money because I double-dip, or I get greedy. Focus on GOOD stocks with low to no 'maximum pain theory' like AMC. I don't really play AMC anymore because it's too controlled within max pain theory. LCID is solid, stop playing weeklys. SPY is Solid. Start getting monthlys. "I do have a put for MU on monday. People said it was a dumb move but the daily has a gap to the downside that needs filled and its a toss up with how the market will be on open. So we'll see i guess." MU is a solid stock. Not saying your put won't hit, But my 100c leap for 400+ days out is gaining ALOT of money. Pull back the bigger chart. Look at the months. You bought a put on a run-up. Stop buying weeklys. "Been trying to dig around and find youtubers that do small account challenges and show the reason why they are picking certain stocks for options but they're hard to find." Stop listening to financial youtubers. They have brains completely different from yours. I know because I wake up, sleep, and dream about these kinds of plays. I have the same brain they do. I play the SPY for a living and know when to get the fuck out. To answer your overall question though, A good open interest can depend on how many people are watching that etf/stock. Personally, when I am looking for OI on SPY I look for a 25-50k Cluster and base my predictions from there. Should I buy 100 of the .10 contracts? Or should I buy 10 of the 1.00 contracts? It depends. Implied volatility on the SPY is going to go UP the more ITM they get. It's a wierd ETF. Doesn't operate like 'stocks' and that's why people don't understand it. I gauge spy from the 20sma and the 50ema. Thing is, even a sideways day is good for the bulls as it moves both of those upwards, thus creating a more bullish support every single day. Another example of people that need to stop going off history PA and look at the PA for the NOW. HD. Everyone and their mom thought HD was going to crash after earnings like it usually does, but not me. I bought 2 400 HD calls and rode those bitches to infinity and beyond last week. How did I know it wasn't going to crash like it usually does? Dunno about you but BlackRock is gonna have to have someone take care of all those homes they bought last year..

RAN_OUT_OF_USERNAMES

Nice write-up, I've been looking into a good entry into LOGI for a while and your DD honestly came at a great time. I've been thinking about entering with a few strategies to capitalize on a reversal. Higher-ish risk: 03/22 $95 otm calls. Look decently cheap with high OI, if sentiment picks up I could see these printing Mid-ish risk: 06/22 $80 leaps, slightly more pricey but I think these can bag quite a good profit especially with logi sitting around $80 Low-risk: Just shares What are your thoughts?

EndlessSummer808

I do the same with my watchlists. Then YOLO on whatever <7 DTE OTM Volume Surging low OI option I come across. And then I either kill a hobo or eat A7 Wagyu, raw, off a hobo.

Tronbronson

Did you see the OI today? Don’t want to exaggerate but there was close to a million contracts expiring. Sellers pounding every resistance all week. Very very aggressive selling into rips. Me personally I have 170 255c December 13. Probably should inverse me

Faroz

Check the option chain. The open interest for the calls expiring today in particular. ITM calls are exercised for 100 shares. Go see the OI for the $5c and you'll find out why closing above $5 is the target. There are ortex screenshots from today on this sub to check out too.

Jerome_BRRR_Powell

Power Hour will be interesting. Wouldnt be surprised if management were to drop some news to spike something with massive OI

this_guy_fks

>What do you think of EIA forecast of mid-70s for Brent in 2022? [https://www.eia.gov/outlooks/steo/](https://www.eia.gov/outlooks/steo/) >If oil is predicted be 100 in 2022, wouldn't you think that traders will buy front contracts and hold until next year to get easy profits? thats not what happens if future prices are expected to be higher, traders for the most part hate storing crude which is very costly, they would simply buy up far dated futures contracts, so you would see outsized OI in weird months, and that is exactly what you see (a large build in CLm2 and CLu2) >I agree that EVs don't really have a short term effect on oil prices though. they dont at all. EV's are somewhere between 5-7% of all new sold autos, and under 1% of cars on the road. they will be the future, but in the next 5 years theyre a rounding error.

robertleeblairjr

Waiting….reentry is in 3’s. Not enough volume and OI tells me it’ll see 3’s again before a new 52 week.

Foreign_Cucumber1671

Anyone know the OI on 330 Nvda call?

cutiesarustimes2

Those pcg 12.50 0dte have alot of OI

bananastock

6.4k volume on open interest of 10.6k for Tilrays 11 strike expiring today. Everyone closing their covered calls. Next week theres more volume than OI on the 12 calls. Would be nice to see a gamma event again but we'd need news to push it up over USD before it really got going.

someonesaymoney

I think that's a ludicrous strike. I'm a huge NVDA bull, but even I don't think they'll hit that by next week. Why are you basing so much on call OI? Just look at all the OI for today

Killzooski

Appl breaks 160 and we zoom. Huge volume and OI option flow is bullish af

cedrizzy

I suspect closing above 55 will be sufficient to drive another rally into next week though. 12k worth of OI at that strike alone

smash-grab-loot

I just always hear about how difficult credit spreads are to get out of, especially with blue chips because of a.) OI AND B.) capital requirements to buy the short. Read quite a few though that said legging in a better alternative because on blue chips, unless it’s a bad news report or black spawn, they typically recover man they lose.

larrykeras

The post covers only half of the story. When trying to model the dealer's action, you need to take a look at the dealer's entire book: * Their positions can also hold puts to counterbalance the call. (e.g., price has rapid run, so other participants tend to buy puts) * Hedging requirement decrease with time as the OI tick towards expiration * Dealers can maintain neutrality across their entire book using correlated assets, they dont need to match underlying for underlying. E.g., if they are delta negative with United Airlines, they can long American Airlines also. etc etc its a wider dynamic than just more calls -> higher price.

GhengisAn

Ever heard of OI? Dipshit.

TitanGodKing

So for a SPAC with high redemptions trading around the $10 mark. What % of Calls to Puts would see this play out or give it a high probability? I understand it's a sliding scale not a switch. For example $GIG Dec 17 Once 70% at least potentially 90% redeem and reduce the float to <4 million. With the curret OI on those calls. If a bunch of retail traders bought far OTM Calls would/could this gamma squeeze? https://www.marketwatch.com/investing/stock/gig/options?mod=mw_quote_tab Basically I would like to narrow down the criteria as much as possible to learn to recognise gamma squeezes and other squeezes with decent time accuracy specifically in the land of Spacs, around their redemption dates

Pak14life

and there's massive OI so more incentive than ever

rankiba

Ok, so watch both OI and volume for both, what about volume of the stock itself?

theCramps

Um why is the OI on 270 higher????

apashionateman

New strikes dilute the OI. Retail is too stupid to organize a coherent squeeze. As crazy as it sounds retail hodling the float like a bunch of stupid apes is the best way to run a gamma squeeze. My 2c

zg44

Yes wait for OI to get updated tomorrow morning. Watch volume on those two early.

Scalybeast

$5 is the level with the highest OI for the 11/19 exp. The assumption is that if you reclaim it, the hedging by the MM and the covering of naked calls should be enough to trigger a gamma squeeze. Of course, nobody knows how many of the calls are already covered so yeah...

Historical-Pattern-

SPY 11/19 - 3,299,420p OI and 1,317,277c OI SPY 12/17 - 3,040,388p OI and 1,508,184c OI To me, this could mean many things but... Morning dip to sell contracts? Everyone is so hedged to the downside, their bases are so covered, all we can do is rip?

theta_eta_my_beta

Options were at historical highs, so straddles are a bit pricey. Plus OI is heavily call, analyst upping target into ER, and other apparel having strong beats.

Sapere_aude75

Picked up a TSCO 11/26 225p. Very low OI but has dividend tomorrow and looks overextended.

msupz

Wow someone made a pretty penny on DRNA $22.5 11/19’s. They closed yesterday at .01 and opened at $15.70.. OI is 117. Either pure dumb luck or someone knew what was coming. Or just a bunch of random retards bought them

sincitygames

RBAC NFL NFT announcement along with large call OI going all the way to January is probably going to pump it.

AccurateReference7

Big option exp tomorrow. Look at the OI at 400 mark. It’s melting up.

Tronbronson

Ya look at the OI on put side… crush

jsmith108

Well yeah that's because it's a total return, not a percentage game. It's wrong a lot of times but when it's right the payoff is huge. GGPI is in an interesting setup when you consider the full context. Cheap EV stock, low-ish float SPAC, meme status developing, high option OI etc.

JonDum

His whole argument is "hurr durr there's lots of option OI on these so they'll squeeze" I've seen dozens of OI set ups like these that did not result is a squeeze. Do your own DD

TalibanTrader

Fuck TRUExDEMON. He is such a clown spreading nonstop FUD. His hyping of gamma squeeze is retarded and is going to burn a lot of retail traders. He is not an investor like the true PROG faithful. This guy is seriously an arrogant ass and I wish people would stop posting his tweets. He has tweets saying he's expecting to lose every penny on PROG and views this as a bet. Sure seems like he hasn't taken the time to read all the PR releases, SEC filings, and DD about the FUNDAMENTALS over the past year as many of us INVESTORS have. All he talks about is gamma squeeze lingo about ITM Calls and exercising them to force gamma squeezes. I can promise you he doesn't know what he is talking about and all he's doing is creating FUD by setting up specific PTs on specific dates (namely Friday expiry dates) which is going to disappoint clueless retail investors and add price volatility. The value in PROG is not in trying to engineer a gamma squeeze by crowdsourcing buying and exercising options. The value in PROG is not because it is one of the most heavily shorted stocks and there may someday be a short squeeze. The value in PROG is because it is a company founded in 2010 with over 425 patents and 3 major big pharma partners that has advanced well beyond the inception high-risk phase of most biotech companies and is nearing towards a major M&A exit event, perpetual royalties, and mass commercialization in markets with multiple TAMs that exceed $15 billion per year. I get so fucking sick of these hype junkies (even if they mean well) who can't stop fucking talking about gamma squeeze this gamma squeeze that. I'm not saying 'Trust me bro' but I worked in the industry for multiple decades at hedge funds, trade desks, and with market makers. Not everything is a short squeeze and market makers now have ample tools to rebuff techniques to force them to mass hedge long shares on their short options positions. Here is one free powerful tip. Anytime you see an equity with options chain loaded with open interest from deep ITM, through ATM, and into OTM and we're a few days from the expiry Friday, watch for big options trades over 1,000 per trade coming out of the PHLX exchange; namely deep ITM Calls and Puts. These are the market makers loading up and hedging up so they can fuck with all the open interest and get them to unwind or price pin so all that OI expires worthless on Friday. You have almost zero chance manufacturing a gamma squeeze. Ignore all the noise. Buy shares in a great company and hold them in a cash account where the lending of your shares are disabled. That is the #1 best thing you can do to support some kind of 'squeeze' group cause. And I should add, the SEC is cracking down on social media so this guys posts about not caring what the SEC will do and trying to 'coordinate' people to buy at the same time and en mass is ILLEGAL. He can get his life absolutely fucked. Is it fair hedge funds cheat, box, and manipulate stocks? No. But that doesn't mean we should expose ourselves to risk by also trying to cheat. Time always wins. ALWAYS. Hold gold long enough and you will get paid. Don't overthink this and get caught up in the daily price moves. We have a great board of directors and a new CEO that are working their asses off to make this company flourish. Do your part by spreading the word about the company and holding. Okay, forgive my rant but seriously stop posting trash from this newb.

pennyether

If the float is indeed ~570M, hardly a trace of gamma at all... at least of open this morning. OI data not updated until before open.

GreenDildoSurprise

I don't mean to shit on you analysis or anything, but if this is all you are going on I would suggest you re-think this. It's not unusual for the IV on a ticker to hit these levels and not do anything. People are willing to pay a premium for options leading up to uncertain events, and PDUFA is one of them. Also, call options price is not necessarily higher because people are buying call options. When people are willing to buy puts at a premium, the price of calls will rise as well. In this case, the OI for puts is 3x that of calls for PDUFA play.

giorgio_95

OI for TTCF today was 10x on puts Vs calls, no wonder why it’s up 15% on shitty earnings 😂

Mrsenorpls

Just when I thought no way PROG lol here it goes ! Busting OI through like nothing

Stonkybucs

Scan, evaluate, enter. exit. After scanning for strong stocks, trending stocks, short squeeze candidates, IBD top whatever lists, I visually scan for references... 1. Doji patterns (I like the reversal star patterns a lot with VSA or Delta Shift confirmation) 2. Basic volume profile (Helps with gaps, resistance, support) 3. EMAs (honestly, rarely EMAs) 4. Slow Stochastics (I love the slow stochastics. I just use default settings. Keeps me from buying at tops if I swing) 5. RSI (I'm not afraid to buy a hot stock if I scalp, but I'm not swinging near a reversal) 6.Relative Strength (ALWAYS IMPORTANT) 7. Time frame alignment (Monthly, Weekly, Daily... But I don't get hung up on this for reversals) 8. Volume (ALWAYS IMPORTANT) Then I critically evaluate... 1. Is the stock going up, down or sideways? And why? (Calls, puts, or IC) 2. Do I accept the cost could go to zero? 3. Does it have good OI? 4. Does it have good spreads? 5. What is my defense and exit plan? 6. Then I look at IV. IF it is too high, I look for a spread or crazy momo opportunity. of change strategy from options to shares. But it is never black and white. Usually ATM and at least 2 weeks out. OI and IV matter to me a lot here. If I am swinging, I do not like to be Delta bias heavy, meaning too long or short in my portfolio. So I'll hedge and reduce risks. I've held through way too many market drops in the past. Then my entry is based on Market Auction Theory and volume profile. I look for smart money clues. I mark resistance and supports. I try to buy in value below POC, in alignment with current trend and after I have a delta shift in my favor. I also use Volume Spread Analysis. So sometimes, I look for stopping volume for reversals or other clues. I tier out or convert to spreads to lock gains. Sometimes I just exit. Depends on market conditions, risk and volume. The game is protecting principal, so this is the only part of all this that makes money. No indicator can teach this. Most of the time it works really well. Sometimes, I end up stalking AMZN all week just waiting, losing a little trying to get my timing right..I'm still stalking. Sometimes I buy stocks like ATVI and it shits the bed like yesterday. haha. It happens. That's the story of calculated risks. This is years of finding something that works for me. Some people just buy and end up with a 95% win rate. Good for them. I do this and do well. Traders need to experiment and learn what works for them.

MyNi_NotYourNi

If you don't mind a few reflections.. It's not 25M shares - that's the OI for all strikes. The ITM strikes are about 15M. Still a metric brick ton, and is what is making Prog moon. We may get enough coverage for all 25M *if* we get through all the strikes. Which isn't impossble. And soon enough, should get to levels where the short squeeze might be triggered. Also.. MACD is a lagging indicator. Doesn't say anything more than what we already know - that is a mooning.

StopTheBan420

The OI on the option chain is telling me I’m going to win lol

MICT3361

Look at the volume and OI on 5c that just went ITM. This is going to flirt with 10

Djogani00

Problem with this kind of info is you don't know if OI is short or long, assuming they are all long probably won't give you an accurate picture at all of MM positions.

Historical-Pattern-

I'm to blame there. Deep itm calls keep coming in to dwarf OI but the corn is dumpy and Riot + Mara tanking. She needs to hold $11 to have a chance for eow. I'm waiting until way more volume to re-enter, 10 mil at least, but still confident she pops by end of month.

Zrob

RBLX 120c OI/Vol tho...

epyonxero

I see over 11k OI on those strikes

not_that_kind_of_dr-

So 0 OI means that LCID Nov 19 calls above 60 were just added today?

PapaCharlie9

> Options Screeners flag this as a potentially bullish indicator on Company ABC. Where "potentially" is carrying a lot of weight. The phase of the moon or your horoscope can also "potentially" be bullish indicators. Potential is not what matters. Consistency and accuracy are what matters, and OI indicators are neither consistent nor accurate. > For someone to purchase a call, a counterparty must sell a call to them, so wouldn’t a huge jump in call buying not necessarily be bullish because that would mean a counterparty was comfortable selling the same calls to the buyer? (Granted a MM may have to take the other side of the buy and have hedges on their book) OI goes up when a buy to open is paired with a sell to open. Consider a bunch of people who already had a big bearish position on the stock by selling a lot of calls. If they sell to open *more* calls with MMs being the buyers, that can increase OI, but they would only do that if they expected the stock to go down. So that would argue for a bearish indicator, not a bullish. > Extension of the first question, If I held Company ABC Stock in my account and thought, “This is going to be flat to down over the next two months, I’ll just write some covered calls” -> calls get sold to buyer from seller -> OI increases -> investors looking at screeners flag ABC Company calls as ‘bullish’ but the “initiator”(i.e the non-MM who was not obligated to take the position) was a seller of calls, not bullish, so my last question is, how do you differentiate between “bullish” option volume/OI, vs bearish of hedging option volume/OI. I gambling lingo, we call that a parade of parlays. So many things have to go right and in the right order for that to work out. Plus, just because more calls are written doesn't mean OI goes up. If there happen to be a bunch of people closing their long call positions at the time, OI won't change. > how do you differentiate between “bullish” option volume/OI, vs bearish of hedging option volume/OI. We can't, which goes back to my consistency and accuracy point. Maybe someone with a Bloomberg terminal or a broker with a seat on the exchange could look at actual order flow to determine, but us retail traders that just have **yesterdays** OI change to look at can't tell tits from tats.

AluminiumCaffeine

I have been ringing the bell on this one for a while due to that, RBAC has more OI than mcmj does with all its "muh delta" shenanigans without the retail hype driving the oi

Cantgetfooledagain1

Just saw MQ Nov ‘19 option chain. $30 OI is 65k - hahah. No wonder the stock has been volatile around $25-30 level

DadBodGoBrrr

It’s one of the few memes I’ve played right because it’s so predictable. OI on the options chain is crazy so it loves pretty steady over each strike. Once it finishes below a lower strike it’s done.