Find options volume imbalances

We already learned in the introduction how to screen for tickers where the call volume is twice as big as the put volume.

where call_volume >= put_volume * 2

curl --fail-with-body --get 'https://api.unusualwhales.com/api/screener/stocks' \
  --header "Authorization: Bearer $UW_API_KEY" \
  --data-urlencode 'query=where call_volume >= put_volume * 2' \
  --data-urlencode 'order=volume' \
  --data-urlencode 'order_direction=desc' \
  --data-urlencode 'limit=10'

Now we will take a filter for tickers that have extreme imbalance into either call or put direction. For that we can use an or to say we want to filter for “either or”.

where call_volume > 1000 and put_volume > 1000
  and (call_volume / put_volume >= 10 or call_volume / put_volume <= 0.1)

We are now filtering for tickers where there is at least 10 times more call volume or 10 times more put volume. We also filter for at least 1,000 call and put volume so we filter out the super iliquid tickers that barely get any options flow. Next up we will learn how to compare volatility horizons and price moves.

Overview

Guides