Easily Fetch Top Options Volume Leaders in Excel

The opt_OptionsVolumeLeaders function in the MarketXLS Excel Add-in allows you to quickly retrieve a list of the highest-volume options contracts directly into your worksheet. By specifying how many records to fetch, along with optional country and instrument type filters, you gain instant access to real-time-like end-of-day options data for swift analysis. Whether you focus on US or Indian markets, this function simplifies your workflow, saving you time and effort in tracking daily options volume.

Why Use This Function?

• Get fast access to up-to-date (end-of-day) options data.
• Limit your results to a specific number of records for easier scanning of top movers.
• Filter by country to switch between US and Indian markets.
• Further refine queries by specifying an instrument type (index or equity).
• Automatically prints data, such as Underlying, Expiration, Option Type, Strike, and Volume, into your Excel worksheet.
• Helpful for uncovering active or potentially overlooked options contracts in your trading or research strategies.

How to Use in Excel

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

1. Open your Excel workbook with the MarketXLS Add-in installed.
2. Select the cell where you want to display the function’s output.
3. Enter the function syntax =opt_OptionsVolumeLeaders(…) with the required and optional parameters.
4. Press Enter to retrieve the specified number of highest-volume options. The retrieved data will be printed to your worksheet cells automatically, starting from the function cell.

Parameters Explained

Example Usage

Basic Examples

1. Retrieve the top 5 highest-volume options (defaults to India and all instruments): » In an empty cell, type:
   =opt_OptionsVolumeLeaders(5)
   » Press Enter.
   » Your worksheet will display five records of Indian options with high volume.

2. Fetch the top 10 highest-volume US options across all instrument types: » In an empty cell, type:
   =opt_OptionsVolumeLeaders(10,"US")
   » Press Enter.
   » The add-in prints ten high-volume US options contracts directly below.

3. Limit results to top 8 Indian equity options only: » In an empty cell, type:
   =opt_OptionsVolumeLeaders(8,"IN","equity")
   » Press Enter.
   » This shows only equity options traded in the Indian market.

Advanced Scenarios

• Combining with Other Excel Functions:
You can nest this function within SUM, VLOOKUP, or other Excel functions if you wish to process the returned data further. For instance, follow it with calculations on the next rows, or run a conditional filter on the extracted volume data.

• Trading Strategy Examples:

• If you want to quickly glimpse the most liquid US options for intraday or short-term strategies, set NumberOfRecords to 20 or more and specify "US" with "equity" to zero in on stock-based options.
• For broad market sentiment, try "index" as the InstrumentType to see how index-based options are performing.

• Large Dataset Handling:
Retrieving 100 or more records can push a substantial volume of data into Excel. Use filters, tables, or pivot tables within Excel to handle and analyze the results effectively.

Common Questions and Troubleshooting

1. “Why am I getting ‘NA’ as the result?”

   • The function returns “NA” if an unexpected error occurs, such as networking issues, or if there’s an exception in retrieving the data. Double-check your internet connection and try again.

2. “What if I have an invalid or expired license?”

   • When your license is invalid, the function displays a special message or returns “NA.” Ensure your MarketXLS license is active.

3. “Why am I seeing fewer records than I requested?”

   • It’s possible that certain filter combinations (country, instrument type) do not have as many results as requested, or the data source may temporarily have fewer entries.

4. “Is there any date filter?”

   • The function automatically excludes expired options using end-of-day data. No manual date filter is provided in this function call.

For immediate scanning of high-volume options, whether for US or Indian markets, opt_OptionsVolumeLeaders provides instantaneous, no-fuss retrieval and helps keep your investing research up to date. Feel free to experiment with different parameter combinations to find the options data that best suits your trading scenarios.