I price where options are rich, cheap, and lying. VRP · Skew · Earnings implied vs realized · Risk · Premium seller. Not financial advice.
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Joined April 2020
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If you trade options, YOU MUST READ THIS THREAD!
I’ve been testing @openmarket_xyz for a while now, and I can tell you that it is a game changer for us options traders!
In this thread, I break down ALL 51 options studies they offer, what they are, what they tell us, how to use them…
Access the platform here: openmarket.xyz/?ref=SPXVIX
Let’s dive in! 👇
Top Contracts
What it is: The chart's most active option contracts, ranked by the day's volume by default (or by open interest, premium or gain). A table lists last price, change, volume, OI, volume over OI, premium and share for each, a card names the top contract with day volume, put/call volume, calls and puts traded, and the top contracts are marked on price.
What it tells us: The most traded contracts of the session and how big they are against their open interest.
How to use it: Check where the top contracts sit against the walls.
Takeaway: It shows the most crowded contracts. Why: crowded contracts move fast.
How I open the chart
1. Options Dashboard
2. Volatility Context, IV Rank and Variance Risk Premium
3. Options GEX and Expected Move
4. Risk Reversal Skew and Options IV Smile
5. Day Type and Exposure History
6. Net Flow, Greek Flow, Strike Lanes and Flow Tape
Get it
If you trade options, here is the link: openmarket.xyz/?ref=SPXVIX
