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Top 20 Optionable
A ranked list of the most actively traded optionable stocks, useful for finding where liquidity and options interest are concentrated.
What is Top 20 Optionable?
Top 20 Optionable is a ranked list of stocks that already have listed options. EZPZ sorts the board by Vol. * Price, which is share volume times last price. The cards above the table show Total Stocks, Avg IV 30, Avg DP Ratio, Gainers, and Decliners. A high rank is where dollar volume sits, not a buy list.
Not every stock has listed options. This board only keeps names that do. Share volume alone can still favor cheap, noisy names. Vol. * Price weights the same tape by last price, so a high-priced name with real volume can outrank a cheap name with more shares. The subtitle on the page is stocks ranked by money flow with IV, options volume, and dark pool data. That is the job: find where stock dollars, options, and dark pool volume are concentrated together.
IV 30 and IV Rank sit next to the money-flow rank so you can see whether the options market is expensive or quiet on that name. Option Net Prem. and Option Vol. are the options overlay. Dark Pool Vol. and DarkVol Ratio % are the off-exchange overlay. None of those columns is a thesis. A name can sit at the top of Vol. * Price with red Change (%) and still only be liquid. A name can print a huge Option Net Prem. and still be a hedge.
On EZPZ, the live page title is Top 20 Optionable Tickers. The in-page header is Top Optionable. The filter bar label is Top Optionable. The default sort is Vol. * Price, descending. Largest Premium By Tickers is the Bullish Flow / Bearish Flow options-premium leaderboard. This page ranks the stock by dollar volume, then hangs options and dark pool columns on the same row. Index Trader is the index dashboard with Premium Traffic Lights. Ticker Explorer is the one-symbol dashboard after you already picked a name. Gamma Exposure is the strike table with Call Wall and Put Wall. Market Maker Exposure is the SPX Flip Level chart with Call Wall, Put Wall, and Expected Move(VEM) and DEM. Market Cross Flow is the SPY, SPXW, and QQQ GEX grid next to candles. Greeks Heatmap is the strike-by-expiration grid with Gravity Magnet Score. Option Depth Flow is the searchable strike-by-time Bubble or Gradient chart. Market Wave is the Current Day chart of Net Call Premium versus Net Put Premium. Net Flow Graph is one ticker you search with Filter ticker, plus Cumulative Volume Delta. Historical Net Premium is the 15D Cumulative lookback with a daily table. 0DTE Graph is the same-day premium chart with Filter ticker. The 0DTE dropdown is the lock. Weekly-DTE Graph is the WTE chart of premium that expires by Friday. 7-DTE Graph is the 7DTE chart of premium in the next 7 days. Supply and Demand X-ray is the ITM Call and Put chart of Price, Supply, and Demand. Money Sentiment is Bought Ratio, Net Sentiment, and Netflow Graph for one ticker. Net Premium Heatmap is the strike-by-expiration grid of Net Premium for one ticker. Movers and Shakers Tide is that same chart job for about 18 mega-cap names. GEX Heatmap is the strike-by-expiration GEX grid with a GEX Details table. GEX and DEX is the Intraday GEX and DEX chart pair with Gamma Flip. Spot Gamma and Delta is the ($) Open Interest versus ($) Volume bar pair with a Spot line. Expected Move is the DEM and VEM band chart by expiration. Put to Call Ratio is the Intraday Put/Call Ratio chart of Traded PCR, OI PCR, and Sentiment PCR. Max Pain is Intraday Max Pain with O-Max Pain, P-Max Pain, and V-Max Pain. Open Interest Scan is the OI per Strike and OI per Expiration chart pair. Volume Scan is the Volume by Strike and Volume by Expiration chart pair. Volatility Analysis is Volatility By Open Interest, Open Interest, and Implied Volatility Smile for one ticker. IV Rank Explorer is Current IV (30D), IV Rank (1Y), period IV Rank, and IV Percentile (1Y) plus the IV Rank chart. Historical Volatility is 10D through 90D Volatility versus Price. Volatility Surface 3D is Raw Contracts and Smoothed Mesh for one ticker.
How Top 20 Optionable works on EZPZ
Read the five cards first, then the Vol. * Price column, then the options and dark pool fields on the same row. It is not a combined rating. Most people start at the top of the table. If a name looks loud, read Change (%), IV Rank, Option Net Prem., and DarkVol Ratio % before you treat it as a trade. Click Columns if you want fewer fields. Click the eye on IV Rank if you want Historical IV Rank for that symbol.
How this differs from Largest Premium By Tickers
Largest Premium By Tickers splits options premium into Bullish Flow and Bearish Flow. This page is one table of listed-option stocks ranked by Vol. * Price. Use that page when you want call dollars versus put dollars. Use this page when you want stock dollar volume with IV, Option Net Prem., and Dark Pool Vol. on the same row. Use Index Trader when you want SPX, QQQ, and SPY traffic lights. Use Ticker Explorer when you already have a symbol. Use Gamma Exposure when you want Call Wall and Put Wall.
The five cards
The cards summarize the names currently on the board. They are not a market forecast.
Total Stocks
How many names are on the table right now.
Avg IV 30
Average 30-day implied volatility across the names that have an IV 30 reading.
Avg DP Ratio
A board-level read of dark pool volume versus share volume. Pair it with DarkVol Ratio % on each row.
Gainers and Decliners
Gainers counts names with a green Change (%). Decliners counts names with a red Change (%). The split can be lopsided even when Vol. * Price is busy.
The Top Optionable table
One table. Click a header to sort. Vol. * Price starts with the sort mark. Use Columns to hide fields you do not need.
These columns answer last price and how the name moved.
| Column | What you are looking at |
|---|---|
| Symbol | The ticker on that row. |
| Price Prev. Close | Last versus the prior close. |
| Gap (%) | The open gap versus prior close. |
| Change (%) | Session move. Green is up. Red is down. |
| Total Change (%) | A wider change reading on the same name. Compare it to Change (%) instead of treating either as a signal. |
These columns answer implied volatility and the money-flow rank.
| Column | What you are looking at |
|---|---|
| IV 30 | 30-day implied volatility. Some rows have no number when the feed has no IV for that name. |
| IV Rank | Where current IV sits versus that name's own history. Click the eye to open Historical IV Rank. |
| Vol. | Share volume. |
| Vol. * Price | Share volume times last price. This is the default rank. A bigger number is more dollar volume, not a better trade. |
These columns hang options and off-exchange activity on the same row.
| Column | What you are looking at |
|---|---|
| Option Net Prem. | Net options premium on that name. Green is positive. Red is negative. It is still not a buy or a short. |
| Option Vol. | Options contract volume on that name. |
| Dark Pool Vol. | Reported dark pool share volume. |
| DarkVol Ratio % | Dark Pool Vol. versus share volume on that row. A high ratio is a prompt to look closer, not a hidden buyer. |
How people actually use it
Find liquid optionable names
Stay on the default Vol. * Price sort. The top rows are where stock dollar volume is concentrated among listed-option names.
Pair money flow with IV
Read IV 30 and IV Rank on the same row. A loud Vol. * Price with a quiet IV Rank is a different picture than a loud rank with rich IV.
Check options and dark pool
Scan Option Net Prem., Option Vol., Dark Pool Vol., and DarkVol Ratio % before you leave the row. They can agree with the stock rank. They can disagree.
Open one name next
This page is the scan. Open Ticker Explorer for the dashboard. Open Gamma Exposure for Call Wall and Put Wall.