Option activity is usually called unusual when a contract trades much more volume than its open interest, which can mean traders are opening new positions.

On Nov 4, 2026, Bandwidth options traded 87 contracts against 14.86K open, a volume to open interest ratio of 0.01, well below its 20-day average. The table above lists the contracts with the highest ratios.

Calls made up 42.5% of Bandwidth option volume on Nov 4, 2026, a put/call ratio of 1.35, so puts outnumber calls. The BAND option volume chart shows calls and puts by strike.

Bandwidth Inc is cloud-based communications platform-as-a-service (CPaaS) provider that enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device.