Conditional Codes
Trades inside the data table showcase conditional codes in the COND column. Here are some general meanings:
A floor trader is an exchange member who executes transactions from the floor of the exchange, exclusively for their own account. Floor traders fulfill an important role in commodity and stock markets by providing liquidity and narrowing bid-ask spreads. Floor traders may also be referred to as individual liquidity providers or registered competitive traders.
A cross trade is a practice where buy and sell orders for the same asset are offset without recording the trade on the exchange. A cross trade also occurs legitimately when a broker executes matched buy and a sell orders for the same security across different client accounts and reports them on an exchange.
For example, if one client wants to sell and another wants to buy, the broker could match those two orders without sending the orders to the stock exchange to be filled but filling them as a cross trade and then reporting the transactions after the fact but in a timely manner and time-stamped with the time and price of the cross.
This means an order is an intermarket sweep order. Also known as a SWEEP. You can learn more about this type of order here
A call auction is a trading method in which a seller sets a minimum price to sell a security and the buyers set or fix the maximum price to buy the security. The security is offered to the highest bidder afterwards.
Automatic execution is a method for placing and executing trades without the need for manual input. Automated systems and trading algorithms allow traders to take advantage of signals to buy or sell an asset whenever that signal is identified, without the need for human interaction.
Unusual option orders are defined by volume and/or trade size being greater then the open interest with increasing implied volatility. Not only does this show extreme urgency on the trader’s side, but it's also a good indicator to understand if the trader is being bullish or bearish on the underlying stock.
These are trades that have contract SIZE being greater then OI (open interest). The probability of these trades being bought is high.
The "LATE" conditional statement in options trading typically refers to an order that is executed or activated in the market if certain criteria are met within a specific time frame. Conditional orders, including "LATE" orders, are more complex order types used in advanced trading strategies. These orders will only be executed if the specified conditions are satisfied. Common examples of conditional orders include limit, stop, stop-limit, and contingent orders.
Orders that have been placed in extended-hours
Floor
A floor trader is an exchange member who executes transactions from the floor of the exchange, exclusively for their own account. Floor traders fulfill an important role in commodity and stock markets by providing liquidity and narrowing bid-ask spreads. Floor traders may also be referred to as individual liquidity providers or registered competitive traders.
Cross
A cross trade is a practice where buy and sell orders for the same asset are offset without recording the trade on the exchange. A cross trade also occurs legitimately when a broker executes matched buy and a sell orders for the same security across different client accounts and reports them on an exchange.
For example, if one client wants to sell and another wants to buy, the broker could match those two orders without sending the orders to the stock exchange to be filled but filling them as a cross trade and then reporting the transactions after the fact but in a timely manner and time-stamped with the time and price of the cross.
ISO
This means an order is an intermarket sweep order. Also known as a SWEEP. You can learn more about this type of order here
Auction
A call auction is a trading method in which a seller sets a minimum price to sell a security and the buyers set or fix the maximum price to buy the security. The security is offered to the highest bidder afterwards.
Auto
Automatic execution is a method for placing and executing trades without the need for manual input. Automated systems and trading algorithms allow traders to take advantage of signals to buy or sell an asset whenever that signal is identified, without the need for human interaction.
Unusual
Unusual option orders are defined by volume and/or trade size being greater then the open interest with increasing implied volatility. Not only does this show extreme urgency on the trader’s side, but it's also a good indicator to understand if the trader is being bullish or bearish on the underlying stock.
Opening
These are trades that have contract SIZE being greater then OI (open interest). The probability of these trades being bought is high.
Late
The "LATE" conditional statement in options trading typically refers to an order that is executed or activated in the market if certain criteria are met within a specific time frame. Conditional orders, including "LATE" orders, are more complex order types used in advanced trading strategies. These orders will only be executed if the specified conditions are satisfied. Common examples of conditional orders include limit, stop, stop-limit, and contingent orders.
Extend
Orders that have been placed in extended-hours
Updated on: 12/11/2023
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