Options on QQQ Crazy Active
Options market moving the QQQ and SPY
Yesterday I mentioned about the NOPECHART.com website that tracks daily Market Maker Option activity. Below is a chart and explanation of the minute by minute volume compared to the 60 day average for. At the time of this screen shot, volume was up 93.88% on average (see the yellow box). That is insane!
NOPE CHARTS explanation of the volume average:
This chart, located below the volume chart, is a trailing measure of the relative average volume traded. This is useful for determining whether the ticker is seeing a lot of activity throughout the day. The values are expressed in percentages relative to how much volume has been traded up to that minute, compared to the last 60 trailing days up to that same minute. For example, a value of +25% at 10:30am means that there have been +25% more volume traded compared to what is usually traded for this ticker in the last 60 days (higher relative volume) at 10:30am. A value of -25% would mean that 25% less shares have been traded up to that point (low relative volume).
Live Loud!
Trent
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