|More great new options features…Options Heat Maps|
The new Options Heat Maps give you an instant visual of the day’s option activity! Use this valuable tool to quickly assess the overall activity, then look to the Alerts tab to drill down on specific trades. Think of the Heat Map as a graphic representation of the options flow from the Options Alert Tab. It shows the frequency of flow centered around the contract strike price nearest the current price (in yellow). Calls are on the left, and puts are on the right. The C0 and P0 columns include all contracts expiring in the current week. The C1 and P1 columns include all contracts expiring the following week. The C2 and P2 columns include all contracts expiring in 2 weeks or more.Red Text – majority of the contracts traded at the Bid
Purple Text – majority of contracts traded at the Ask
Black Text – contracts traded between the Bid and AskGreen Cell Shading – indicates Bullish Flow (Calls traded at the Ask and Puts traded at the Bid)
Red Cell Shading – indicates Bearish Flow (Calls traded at the Bid and Puts traded at the Ask)
Options Dollar Flow
This feature provides a chart of the Options Net Dollar flow throughout the day. Access the Options Dollar Flow by typing in a ticker symbol with “-df” in the Options search box or by choosing Options Dollar Flow from the search box drop down menu. For example, AMZN-DF will pull a chart of the options net dollar flow on the day for AMZN.
Top Calls and Top Puts
Looking for the stocks with the most options activity on the day? Check out the “Top Calls” and “Top Puts” tabs. These tabs show the most active stocks based on the value of the alerted options trades. ‘COUNT’ indicates the number of yellow and/or purple alerts that have been triggered for that particular stock. ‘VALUE’ indicates the sum total of all of the alerts included in the ‘COUNT’. Use this information to identify where heavy options trading is occurring.
Bullish Flow and Bearish Flow
The “Top Calls” and “Top Puts” tabs combine all calls or all puts. The “Bullish Flow” and “Bearish Flow” tabs break-down calls and puts into bullish or bearish activity based on whether the trades were executed at the Bid or the Ask. Bullish Flow = Calls traded at the Ask and Puts traded at the Bid. Bearish Flow = Calls traded at the Bid and Puts traded at the Ask. The ‘COUNT’ is the total number of alerts (includes all alert types: white, yellow, and purple) that have been triggered for a particular stock. The ‘VALUE’ is the sum total of the alerts included in the ‘COUNT’. Use this information to see which tickers have the most bullish or bearish options activity.
New Options Alert Filters
New filters have been added to the Options Alert tab to enable you to customize the options flow that you see. Now, in addition to color-coded alerts, the new filters allow you to see Multi-leg trades (e.g. straddles and spreads) as well as trades based on whether they were executed at the Bid or Ask. Use filters to increase or decrease the number of trades in the Alert flow or to drill down on specific types of trades.
Option Log Key
A full description of all of our options data is available in the Option Log Key. To access the key, simply click the “?” next to the OPTIONS title.