Option Chain Active
Returns only the most actively traded options from the option chain using QuoteMedia's data service.
What Makes an Option "Active"?
Active options typically have:
- High trading volume
- Significant open interest
- Tight bid-ask spreads
- Recent trading activity
Supported Symbol Formats
| Type | Format | Example |
|---|---|---|
| US Stocks | SYMBOL | AAPL, MSFT |
| ETFs | SYMBOL | SPY, QQQ |
Parameters
| Parameter | Type | Required | Description |
|---|---|---|---|
| Symbol | String | Yes | Underlying stock ticker |
Notes
- Filters to most liquid options
- Good for finding tradeable options
- Smaller dataset than full chain
Syntax
=mxls.QM_GetOptionChainActive(Symbol)Examples
=mxls.QM_GetOptionChainActive("AAPL")=mxls.QM_GetOptionChainActive("SPY")=mxls.QM_GetOptionChainActive(A1)When to Use
- Finding liquid options to trade
- Identifying market interest
- Options with tight spreads
- Active trading opportunities
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need full chain | QM_GetOptionChain() |
| Need specific expiration | Expiration-specific functions |
| Need ITM/OTM filter | ITM/OTM chain functions |
| Need with Greeks | QM_GetOptionQuotesAndGreeks() |
Common Issues & FAQ
What criteria determine "active"?
Active options typically have high volume and open interest. The exact threshold may vary.
Why focus on active options?
Active options are more liquid, have tighter spreads, and are easier to enter/exit positions.
Will this include all expirations?
It may filter to only expirations with significant activity, typically near-term.
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