Unusual Options Activity

Options contracts with unusually high volume relative to open interest (Vol/OI ratio ≥ 2.0)

Last Updated: April 28, 2026 04:25 AM ET
20
Unusual Contracts
889.67x
Highest Vol/OI Ratio
Real-Time
Live Data
Unusual Options Contracts
Symbol Price Exp Date Type Strike Moneyness Bid Ask Volume Open Int Vol/OI Imp Vol Delta Last Trade Details
DECK $106.77 2026-05-08 CALL $98.00 -8.2% $9.70 $10.00 2,669 3 889.67x 46.78% 0.881 04/28/26 Details
DECK $106.77 2026-05-08 PUT $114.00 -6.8% $7.18 $7.40 442 4 110.5x 41.27% -0.797 04/28/26 Details
DECK $106.77 2026-05-08 PUT $115.00 -7.7% $8.03 $8.27 552 5 110.4x 42.72% -0.822 04/28/26 Details
INVH $27.23 2026-05-15 CALL $32.50 19.4% $0.05 $0.05 100 1 100.0x 49.95% 0.059 04/28/26 Details
DPZ $335.30 2026-05-15 CALL $330.00 -1.6% $11.88 $12.12 412 6 68.67x 26.99% 0.650 04/28/26 Details
TMUS $182.75 2026-05-08 PUT $172.50 5.6% $1.76 $1.84 64 1 64.0x 51.83% -0.223 04/28/26 Details
PANW $182.90 2026-05-08 CALL $205.00 12.1% $0.68 $0.72 3,007 58 51.84x 48.95% 0.096 04/28/26 Details
GNRC $220.30 2026-05-08 CALL $215.00 -2.4% $14.14 $14.42 103 2 51.5x 80.97% 0.605 04/28/26 Details
ON $98.04 2026-05-08 CALL $111.00 13.2% $2.11 $2.17 51 1 51.0x 95.08% 0.245 04/28/26 Details
DELL $215.97 2026-05-08 CALL $247.50 14.6% $1.13 $1.19 50 1 50.0x 65.85% 0.127 04/28/26 Details
DPZ $335.30 2026-05-15 CALL $350.00 4.4% $3.35 $3.45 239 5 47.8x 27.96% 0.281 04/28/26 Details
DECK $106.77 2026-05-08 PUT $112.00 -4.9% $6.28 $6.48 186 4 46.5x 46.73% -0.691 04/28/26 Details
GDDY $84.34 2026-05-08 CALL $90.00 6.7% $3.10 $3.20 301 8 37.62x 80.69% 0.368 04/28/26 Details
PANW $182.90 2026-05-08 PUT $185.00 -1.2% $6.93 $7.15 93 3 31.0x 49.61% -0.534 04/28/26 Details
PANW $182.90 2026-05-08 PUT $172.50 5.7% $2.33 $2.41 153 5 30.6x 51.23% -0.236 04/28/26 Details
FTNT $85.67 2026-05-08 PUT $88.00 -2.7% $5.76 $5.94 30 1 30.0x 77.18% -0.553 04/28/26 Details
LYV $156.50 2026-05-08 CALL $167.50 7.0% $1.76 $1.84 52 2 26.0x 48.83% 0.225 04/28/26 Details
ENPH $35.24 2026-05-08 CALL $38.50 9.3% $1.63 $1.71 51 2 25.5x 122.34% 0.384 04/28/26 Details
DPZ $335.30 2026-05-15 PUT $290.00 13.5% $0.34 $0.36 1,656 65 25.48x 37.04% -0.027 04/28/26 Details
APO $123.33 2026-05-08 PUT $124.00 -0.5% $4.92 $5.08 21 1 21.0x 54.01% -0.528 04/28/26 Details
Understanding Unusual Options Activity

What is Vol/OI Ratio?

The Volume to Open Interest (Vol/OI) ratio compares today's trading volume to the total number of open contracts. A high ratio indicates unusual trading activity.

Interpreting Vol/OI Ratios:

  • 10x or higher: Extremely unusual activity - potential major news, insider activity, or institutional positioning
  • 5-10x: Significant unusual activity - worth investigating
  • 2-5x: Moderate unusual activity - above normal trading
  • Below 2x: Normal activity (not shown)

What is Moneyness?

  • Positive %: Out-of-the-money (OTM) - strike is above current price for calls, below for puts
  • Negative %: In-the-money (ITM) - strike is below current price for calls, above for puts
  • Near 0%: At-the-money (ATM) - strike is close to current price

Trading Implications:

  • High Vol/OI ratios may indicate smart money positioning or upcoming catalysts
  • New contracts (OI = 0) with high volume are especially noteworthy
  • Always verify with additional research - unusual activity alone is not a trading signal