Retrieve Options Volume with MarketXLS

The Option_Volume function in MarketXLS allows you to quickly fetch the most up-to-date option volume data for a specific stock symbol directly within Excel. By simplifying the data retrieval process, you can focus on analyzing trading activity and making informed decisions, without having to leave your spreadsheet.

Why Use This Function?

• Accurate Insights: Access real-time or near-real-time option volume data without manual lookups.
• Speed & Efficiency: Automate your workflow to invert the hours spent hunting for daily option volume.
• Integrated Analysis: Combine Option_Volume results with other Excel cells and formulas for advanced modeling.
• Error Handling: Invalid or non-existent symbols automatically return “NA,” helping you identify errors and keep your sheets clean.
• Streamlined Workflow: Access consistent and cached data—no need to refresh or copy-paste volumes from multiple sources.

How to Use in Excel

=Option_Volume(Symbol)

1. Open Excel and ensure the MarketXLS add-in is installed and active.
2. Select the cell where you’d like the option volume to appear.
3. Type =Option_Volume("SYMBOL") or reference a cell containing the symbol. For example, =Option_Volume(A2).
4. Press Enter to obtain the volume value.

The function connects to MarketXLS's data service to fetch the requested option volume information. If something goes wrong—such as an invalid ticker or connectivity issues—the function returns “NA.”

Parameters Explained

Example Usage

Basic Examples

1. Retrieve volume for Apple (AAPL): • In cell B2, type: =Option_Volume("AAPL")
   • Press Enter. If your license and symbol are valid, Excel will display the latest option volume data for AAPL.

2. Use a cell reference: • Suppose cell A2 has the text AAPL.
   • In cell B2, type: =Option_Volume(A2)
   • Press Enter to fetch the same volume results tied to the ticker in A2.

These straightforward examples let you populate option data for multiple symbols simply by referencing different cells.

Advanced Scenarios

• Multiple Stock Analysis:
Create a column of symbols (e.g., A2:A10) and apply =Option_Volume(A2), =Option_Volume(A3), etc., in a parallel column to simultaneously retrieve option volumes.

• Integration with Other MarketXLS Functions:
Combine Option_Volume with MarketXLS’s other analytics. For instance, if you also retrieve implied volatility or open interest, you can create a robust, combined trading model that updates automatically in Excel.

• Option Strategies and Filters:
Use advanced Excel formulas to compare option volume results over different time frames or symbols, applying logical or filtering criteria. For instance, highlight cells where volume is above a certain threshold.

Common Questions and Troubleshooting

• Why do I get “NA”?
  • Check if your symbol is correct (e.g., spelled properly with the right ticker).
  • Confirm your MarketXLS license is valid.
  • Verify your internet connection.

• Can I pull data for multiple symbols at once?
  • Yes. Simply enter the function in each cell corresponding to each ticker of interest.

• Why does my formula show “Refreshing”?
  • MarketXLS may be fetching new data in the background or refreshing. Give it a moment and try again.

• Does the function return historical volumes?
  • Option_Volume is primarily designed to show the most recent or aggregated volume data. If you require extended historical data, consider other MarketXLS data calls or historical functions.

By following these guidelines, you can seamlessly integrate the Option_Volume function into your trading workflows in Excel. Enjoy fast and consistent updates, and power up your trading decisions with accurate option volume insight.