Research · 8 min read
Delayed prices for 50 widely followed stocks and exchange-traded funds.
An options newsletter with a pulse
Options are weird.
Let's make them interesting.
Big Tick Energy pulls apart strange market moves, old blow-ups, and whatever else sends us down a data rabbit hole, then rebuilds them with clear explanations and beautiful visuals.
01 / RECENT WORK
Worth a closer look.
Notes · 6 min read
A field guide to strange volatility
Explainer · 10 min read
What the skew is trying to tell us
02 / THE WORK
One week it's skew. The next it's 2011.
We follow interesting questions wherever the data leads: how an options structure behaves, what a wild week actually looked like, or whether a piece of market folklore survives contact with a spreadsheet.
More about BTE03 / WHY NOW
The market got bigger.
The clock got shorter.
More options are trading, across more corners of the market, on increasingly compressed timelines. We help make sense of what changed and why it matters.
U.S. listed options / June
Half a billion more contracts in one month.
Contracts cleared. Source: OCC, 2 July 2026.
Zero days to expiry / YTD through Q2
Same-day options moved faster still.
Volume index, comparable YTD period
Average daily volume, up 46.2% YTD. Source: Cboe, 21 July 2026.
Free on Substack
Get the next rabbit hole.
New breakdowns, charts, and options oddities, sent when there is something worth sending.
Your email will be prefilled. Finish subscribing on Substack.
By continuing, you agree to Substack's Terms of Use and acknowledge its Privacy Policy and Information Collection Notice.