Calculate Total Options Volume with MarketXLS

The opt_TotalVolumeOptions function helps you quickly retrieve the total option contract volume for a given underlying security. Whether you're performing advanced option strategies or simply monitoring high-volume underlyings, this function streamlines your analysis workflow directly in Excel with MarketXLS.

Why Use This Function?

• Efficient Option Analysis: Get immediate insight into market activity by pulling total option volumes for an underlying security.
• Customizable Filters: Narrow down results by specifying expiration dates, option types (calls or puts), and strikes.
• Simple Integration: Continue working within Excel’s familiar interface while leveraging powerful MarketXLS data.
• Real-Time & Historical Data: Ideal for scanning market conditions, evaluating option strategies, or tracking liquidity.

How to Use in Excel

=opt_TotalVolumeOptions(Underlying, [OptionType], [ExpirationDate], [Strike])

• Type directly into a cell with the parameters you need.
• Press Enter to see the total option volume.

MarketXLS takes care of fetching the data and returning the sum of the volumes that match your specific criteria—so you can analyze everything conveniently from an Excel worksheet.

Parameters Explained

Example Usage

Basic Examples

1. Get total option volume for all calls and puts on SPY (no filters): » In cell A1, enter:
   =opt_TotalVolumeOptions("SPY")
   This returns total option volume for SPY spanning all expiration dates and both calls and puts.

2. Get total call volume for AAPL (no expiration date filter): » In cell A2, enter:
   =opt_TotalVolumeOptions("AAPL", "C")
   This returns only call option volume for AAPL across all available expiration dates.

3. Filter by a specific expiration date for TSLA: » In cell A3, enter:
   =opt_TotalVolumeOptions("TSLA", , "12/15/2023")
   This returns the total put-and-call option volume for TSLA on the specific 12/15/2023 expiration.

Advanced Scenarios

1. Narrow volume by both expiration date and option type: » =opt_TotalVolumeOptions("SPY", "P", "12/15/2023")
   Retrieves only put volumes expiring on 12/15/2023 for SPY.

2. Filter based on a ratio for the strike: » =opt_TotalVolumeOptions("AAPL", "C", "12/15/2023", "0.10")
   • Interprets 0.10 as ±10% around AAPL’s current price.
   • Finds all call options whose strikes fall within that 10% price range for the specified expiration date.
   • Summarizes the total volume.

3. Filter with an exact strike: » =opt_TotalVolumeOptions("TSLA", "P", "12/15/2023", "350")
   Looks specifically for TSLA puts with a strike of 350 expiring on 12/15/2023, and returns the sum of volumes only for that strike.

Common Questions and Troubleshooting

1. “I get ‘NA’ as a result”:

   • This may happen if no matching options data exists for the inputs, or if the data retrieval service temporarily fails.
   • Double-check that you have a valid license and that your parameters (like OptionType or ExpirationDate) are set correctly.

2. “The function returns ‘Call/Put flag has invalid format. Please check your inputs.’”:

   • Ensure OptionType is either “C”, “P”, or “0” (or left blank). Using other strings will trigger this warning.

3. “My date filter doesn’t work”:

   • Confirm you’re passing a valid date recognized by Excel (e.g., 12/15/2023). If in doubt, try referencing a cell containing a date or verifying regional date formats in Excel settings.

4. “Why am I seeing ‘Refreshing’ or a delayed result?”:

   • At times, MarketXLS may be updating or refreshing data. The function will display “Refreshing” until the data is ready.

By leveraging opt_TotalVolumeOptions, you can quickly filter and analyze the total option volume to better understand market sentiment and liquidity. Whether you’re scanning for the most active options or building custom trading strategies, this direct Excel function enriches your analysis with actionable MarketXLS data.