What Is Sizzle Index?
The Sizzle Index Is a Ratio of a Security's Current Options Volume over That Security's Average Options Volume. So If You See a Stock with a Sizzle Index of...
The Sizzle Index is a ratio of a security's current options volume over that security's average options volume. So if you see a stock with a Sizzle Index of 5.00, that indicates its current daily options volume is five times that of its daily average options volume.
What is a good sizzle index?
A Sizzle Index of 0.50 indicates current volume at half of its average, and so on. Think of it as an unusual options activity scanner that allows you to follow the money in a given stock and help you troll for potential trading ideas.
What is sizzle index in thinkorswim?
Sizzle Index is a thinkorswim feature that allows you to find stock symbols that currently see an increase in the number of options traded compared to the last five days' average.