<p>Options volume refers to the total number of options contracts that have been traded during a specific time period. It is a measure of the overall trading activity in the options market for a particular underlying asset. High options volume is usually seen as a sign of strong market interest and liquidity, while low options volume may indicate a lack of interest in the market. The options volume is closely monitored by traders to identify potential trends or changes in market sentiment, as well as to gauge supply and demand for a particular options contract.</p>