Track Options Volume Change Leaders with MarketXLS

The opt_OptionsChangeInVolumeLeaders function helps you quickly identify which options have experienced a significant change in volume, empowering you to spot trading opportunities faster. Whether you’re analyzing the US or Indian markets—or zeroing in on equities versus indexes—this function streamlines your research by bringing important volume metrics directly into your Excel spreadsheet. Explore real-time insights to make better-informed trading decisions with just a few clicks.

Why Use This Function?

• Compare options with the most substantial volume shifts at a glance.
• Focus analysis on specific markets (US or India) or instrument types (equity, index).
• Easily change the number of displayed records to zoom in on just a few or expand to see all top-performers.
• Integrate directly with other Excel formulas and financial models.
• Save time by quickly filtering out less significant trades and honing in on key movers.
• Ideal for detecting potential market momentum or spotting unusual trading activity.

How to Use in Excel

Use the following syntax in an Excel cell:

=opt_OptionsChangeInVolumeLeaders(NumberOfRecords, [Country], [InstrumentType])

1. Open Excel and click the cell where you want to display the function’s output.
2. Type the function name "=opt_OptionsChangeInVolumeLeaders(" followed by the required arguments.
3. Press Enter to retrieve the data table right in your spreadsheet.
4. (Optional) Use Excel’s built-in automation or advanced MarketXLS features to further analyze or visualize these results.

Tip: If necessary, you can filter or sort the returned data within Excel to focus on your highest-priority trades.

Parameters Explained

Example Usage

Basic Examples

1. Retrieve the Top 5 Volume Changes in the Indian Market (Default)
   =opt_OptionsChangeInVolumeLeaders(5)
   Explanation:
   • NumberOfRecords = 5
   • Country is not specified, so it defaults to India (IN).
   • InstrumentType is not specified, so it includes all types (underlying “0”).

2. Retrieve the Top 10 Volume Changes in the US Market
   =opt_OptionsChangeInVolumeLeaders(10, "US")
   Explanation:
   • NumberOfRecords = 10
   • Country = "US"
   • InstrumentType remains unspecified, defaulting to “0”.
   • Ideal for spotting unusual volume changes among US options.

Advanced Scenarios

3. Show the Top 15 Volume Changes for US Equity Options
   =opt_OptionsChangeInVolumeLeaders(15, "US", "Equity")
   Explanation:
   • NumberOfRecords = 15
   • Country = "US"
   • InstrumentType = "Equity" (focusing on equity options only).

4. Track 20 Highest Volume Changes for Indian Index Options
   =opt_OptionsChangeInVolumeLeaders(20, "IN", "Index")
   Explanation:
   • NumberOfRecords = 20
   • Country = "IN"
   • InstrumentType = "Index" (analyzing only index-based options).

Use these advanced calls to refine your watchlist, compare volume changes across different option types, or zero in on a single market.

Common Questions and Troubleshooting

• What if I don’t see any data?

• Ensure your MarketXLS license is valid. The function will return a licensing error if it’s not.
• Verify you have entered a valid integer for “NumberOfRecords.”

• Why does the data show fewer rows than requested?

• The source may have limited results. If fewer options meet the criteria, Excel will only display what is available.

• Why does the default country switch to US if I entered something else?

• The function checks for “IN” or “India.” Anything else defaults to “US,” ensuring a valid country code.

• Can I combine this function with other Excel formulas?

• Absolutely. You can use standard Excel functions (like VLOOKUP or FILTER) or other MarketXLS formulas to further sort, filter, or analyze the returned data.

By following these straightforward steps and best practices, you can seamlessly integrate opt_OptionsChangeInVolumeLeaders into your Excel workflow. Stay on top of dynamic trading opportunities, detect unusual option volume spikes, and leverage the power of real-time analytics—all within your familiar Excel environment.