04 / Widgets · Options Flow
Options Flow
Every option trade as it prints, marked bought or sold, with bought-versus-sold premium, top strikes, large prints and the volatility summary.
Options Flow shows who is buying and who is selling options right now. Every trade is marked bought (the buyer paid up) or sold (the seller hit the bid); trades in between are undecided. Premium is in dollars, and net premium is bought minus sold.
What it shows#
| View | What it is |
|---|---|
| Overview | Bought, undecided and sold premium for calls and puts, for the session and for the last 5 minutes, plus the top strikes and expirations by net premium |
| Tape | Every trade, newest first: time, contract, side, size, price, premium and where it traded against the quote |
| Large | The session's largest prints |
| Vol | ATM, front and back-month volatility, the put/call ratio, and one row per expiration |
The header number is the put/call ratio by premium. Small badges on a trade mark a leg (part of a multi-leg order) or ON (traded in the overnight session).
Practical application#
Reading it. Calls bought heavily while puts are sold is a bullish tilt in premium terms; the reverse is bearish. Compare the last 5 minutes with the session: a recent swing against the day's tilt is the interesting part.
How to use it.
- Top strikes that match a wall or the flip show where traders are paying for the level to matter. Check Key Levels.
- Hide multi-leg to see directional trades without spread legs.
- Switch to 0DTE to isolate same-day trading.
- Raise the minimum premium to follow only large trades.
- In the Vol view, a front volatility far above back volatility means the market is pricing near-term movement.
Works live and in Replay. Replay shows the large prints and a roll-up stored every 30 seconds, not every individual trade. Classification of a trade is an estimate: treat a single print as a clue, and the totals as the signal.
Where today's options trading landed, strike by strike, as gamma, delta, vanna or charm flow, or as call and put volume.
Option contracts trading far more today than their open interest, by strike, so new positioning stands out from routine trading.
Cumulative call and put premium through the session, the net between them, and the underlying, so you can see which side is leaning.