FLOW RADAR

OPI measures directional pressure by aggregating delta × OI (open interest) across calls and puts. Positive values indicate call (bullish) dominance; negative values indicate put (bearish) dominance.

ATM IV represents the implied volatility of the nearest-to-money options, reflecting the market's embedded expectation of future price movement magnitude. Current IV levels help assess the relative pricing of option premiums.

Composite Index applies weighted aggregation to all signals including OPI, ATM IV, Whale Position, and GEX, producing a composite analysis metric on a 0-100% scale. This is the final computational basis for AI Verdict.

Whale Position analyzes net call/put positioning from $50K+ premium large options trades. Tracks institutional directional positioning to identify smart money flow direction.

Synthesizes all 11 factors to deliver the current market's structural state and directional rationale in natural language. Provides insights at the level of institutional research notes.

Classifies each factor's contribution as Bull / Bear / Mixed impact, with specific explanations of how each factor influences the current market structure.

Preemptively identifies conditions that could reverse the current AI Verdict. Explicitly states 'what data change would flip the assessment,' enabling proactive risk management.

Risk Assessment (HIGH/MEDIUM/LOW) and Confidence (HIGH/MEDIUM/LOW) are displayed together, enabling instant assessment of analysis conviction and latent risk.

Dark Pool % represents off-exchange institutional trading (ATS) weight. Indicates institutional block trading activity levels; higher percentages reflect more active institutional involvement.

Short Volume % represents short selling as a percentage of total volume. Higher levels indicate stronger downside pressure, though elevated short positions also serve as potential short-covering rally fuel.

P/C Ratio quantifies market sentiment via put volume ÷ call volume. Above 1.0 indicates put-dominant (bearish sentiment); below 0.7 indicates call-dominant (bullish sentiment).

GEX Regime analyzes market makers' gamma exposure (GEX) to diagnose the market's volatility structure. STABLE indicates price stabilization; EXPLOSIVE indicates volatility amplification environment.

Price Position shows the current price's relative location between Put Floor (support) and Call Wall (resistance). Displayed as '+/- %' relative to Gamma Flip Level; above Flip Level = stable zone, below = volatile zone.

Squeeze Probability quantifies gamma/short squeeze probability from 0-100%. Synthesizes OI concentration, IV skew, institutional positions, Short Interest to quantify explosive movement probability. 70%+ is an extreme risk zone.

Tracks $50K+ premium large options trades in real time. Displays each trade's premium, strike, expiration, and direction (CALL/PUT), enabling individual-level confirmation of institutional directional positioning.

Displays large block trades executed through ATS (Alternative Trading System) dark pools. The channel used when institutions build/unwind large positions while minimizing market impact. Print price, size, and exchange codes are displayed.

Volume represents options contracts traded today. Shows how actively calls and puts are being traded at each strike price. Longer bars indicate higher flow concentration at that price level.

OI (Open Interest) represents total contracts remaining open (unsettled/unexercised). High OI at specific strikes indicates large-scale capital positioned at those levels, forming structural support and resistance.

Implied Move is the market-embedded expected price movement range derived from ATM options pricing. Displayed as ±%, representing a 1 standard deviation (67% probability) range through expiration.

Put Floor is the strike with highest put OI concentration (downside support); Call Wall is the strike with highest call OI concentration (upside resistance). Functions as effective price boundaries through market maker delta hedging.

Smart Money Score quantifies institutional activity from 0-100 by compositing large trades (whale), block trades, and dark pool activity weight. 70+ indicates active institutional positioning is observed.

Max Pain is the open interest-weighted price convergence level at options expiration. Structural incentives drive price convergence toward this level as expiration approaches.

IV Skew measures put IV minus call IV, quantifying the market's downside/upside risk asymmetry. Larger positive values indicate stronger downside hedging demand; negative values indicate upside expectation dominance.

DEX represents dealers' (market makers') net delta exposure. Positive (+) indicates call delta excess requiring dealer sell hedging (upside resistance); negative (-) indicates put delta excess requiring dealer buy hedging (downside support).

UOA detects options activity where volume-to-OI ratio is anomalously elevated. This indicates event-preceding positioning or large-scale new position building.

Options Market Regime cross-analyzes IV Rank, IV Skew, and P/C Ratio — three core metrics — to classify the options market's structural regime into 4 categories. The same framework institutional derivatives desks use to diagnose market positioning dynamics.