Call Volume Just Spiked. Does Price Follow?
The Bullish Volume Multiplier tool compares today's call volume to its trailing 30-day average. A high reading means traders are loading up on calls.
Unusual options activity is one of the most-watched, least-measured tells in the market. When a ticker's call volume suddenly runs hot, the read is supposed to be bullish: someone is positioning for a move up and the crowd piles in behind them. But raw call volume tells you nothing on its own. A megacap trading a million calls is a quiet Tuesday; a smaller name trading the same is a stampede. The only honest way to read it is against the ticker's own recent norm.
That is what the multiplier does: it divides today's call volume by the trailing 30-day average. A reading of 1x is a normal day; 2x means calls are trading twice as fast as usual; 3x is a genuine surge. The decision-relevant question is conditional: my ticker's call volume is running this hot, what has price historically done from a reading like this?
A live multiplier read, a 45-day forward price cone, a Chance of Move bar graph, a full sortable event log, and a watchlist scan of where call volume is running hottest right now.
One glance tells you how hot today's call volume is running versus its 30-day average.
Projects the next 45 days by applying forward returns from past days the multiplier sat in today's band.
How often price rose or fell by a set percentage after similar call-volume surges.
Today's call volume divided by its trailing 30-day average. 1x is normal, 2x is double, 3x is a genuine surge.
The tool scans the market and auto-highlights stocks with the hottest call volume today.
The Historical Log displays every past instance when call volume ran like today's.
Check if any stocks on your watchlist or in the market have unusual call volume today.
Open the 45-day price cone. It shows how price behaved after similar call-volume surges in the past. This gives you a realistic view of what typically happens next instead of guessing.
Switch to Bar Graph view and set your target price level. The bars show how often similar call-volume surges reached that distance by upcoming expirations. Toggle between "By Touch" and "By Close" depending on your strategy.
Before acting on the signal, open the events log. Check how many historical matches exist and whether they cluster in one period. A small sample or regime-specific cluster tells you the signal may be less reliable than the percentages suggest.
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