Glossary
New money
Volume far above open interest — fresh positioning, not closing an old trade.
What it is
Volume far above open interest means fresh positioning. When today's volume on a contract dwarfs the existing open interest, it almost always means brand-new positioning — not someone just closing an old trade. New conviction is what you want to see.
Why it matters
Volume near open interest could be a position exit. Volume above open interest is new money entering a directional bet. The Vol/OI ratio in the score captures exactly this: the higher the ratio, the more likely the print is opening a new position.
How to read it in the feed
Check the Vol/OI column. A ratio of 5× or higher means the contract had five times today's volume versus its existing open interest — almost certainly an accumulation print, not a close.
Where you will see it
- Unusual ActivityProprietary scoring on volume-to-OI, premium size, and bid-ask execution flags the trades that matter: 85+ is significant, 95+ is institutional-grade.
- Live FlowThe raw tape as it prints. Filter by premium, score, DTE, and trade type to watch flow build on a single name in real time.
- Ticker SearchOne search box into a full dossier on any name: flow, technicals, levels, news, smart-money context, FINRA short interest, and a gamma-pocket flag when dealer gamma diverges from the market regime — all in a single view.