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A sizzle index for stocks, puts or calls compares thecurrent periods volume with historical volume. A sizzle index of 1 would mean that the current period volume is equal to the average of the historical volume. A sizzle index of 2 would mean that the volume is twice the average, and so on. Thus, the sizzle index allows a trader to identify stocks and/or options in which there is unusual activity. As with many indicators, the periods that are examined can be adjusted. However, one of the more commonly used, if not most commonly used sizzle index compares the current day volume to the prior five trading days.

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Q: What is a call sizzle index?
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