Unusual Options Activity (UOA) highlights options trading that stands out from typical activity. Use it to find contracts and spreads worth reviewing alongside price action, liquidity and upcoming events.

Read the activity

• Premium and size describe the amount traded.
• Sweep and block labels describe inferred execution patterns. They do not identify the trader or confirm a negotiated order.
• Volume / OI compares session volume with prior open interest. Volume above open interest does not prove new positions were opened.
• Structure describes a detected single leg or spread. A spread's direction can differ from that of its individual legs.
• Direction and confidence describe the available evidence. Buy-side or sell-side activity can be opening, closing or hedging an existing position.

Understand the readings

The score and tier summarize how unusual the activity appears. They are not probabilities of profit. Conviction and confidence describe the strength of the reading; low or missing confidence calls for more caution.

Tags highlight characteristics such as repeated activity, out-of-the-money contracts or activity near earnings. A tag describes the activity and does not guarantee a subsequent move.

Where available, report tilt describes the directional reading around an earnings announcement, while the move reading describes potential movement relative to what options price in. Both are estimates for the event, not promises of a return.

Displayed option-price changes describe the referenced contract. They do not represent a trader's complete position, an executable entry or a spread's combined profit and loss. Missing readings appear as unavailable.

Use the page

• Filter by symbol, premium, expiration, side or activity type.
• Open the detail view to review the contract, available quote context and confidence.
• Compare the activity with Stock Analysis and upcoming earnings.
• Save a useful filtered view to reopen it later.

Pair with alerts

Use the Alerts page to choose an unusual-activity template or configure your own criteria. Review the contract and market context before acting on a notification.