Option Big Flows

Option Big Flows works similarly to Big Trades but for the options market. It plots markers on your chart whenever a large premium trade is executed, helping you identify when significant institutional or professional money is entering or exiting the market through options. Each marker tells you whether the flow was on the call or put side, whether it was a buy or sell, and whether the position was opened or closed.

Note: Option Big Flows is available on SPX only, as it requires real CBOE participant data.

How to Add Option Big Flows

1. Go to New in the top menu
2. Click on Option Chart
   
   
3. A Select Instrument dialog will appear with the following options:
   • NDX - Symbol: NQ-CME, Exchange: CME
   • QQQ - Symbol: NQ-CME, Exchange: CME
   • SPX - Symbol: ES-CME, Exchange: CME
   • SPY - Symbol: ES-CME, Exchange: CME
     
     
4. Select your preferred instrument and click to open the chart
5. Once the Option Chart is loaded, click the Indicator Add button on the chart toolbar
6. Search for Option Big Flows and click + to add it
7. Click the settings icon to open the configuration window
   
   

Understanding the Markers

Option Big Flows uses two marker shapes to distinguish between calls and puts:

• Diamond - Call side flow
• Square - Put side flow

Each marker also tells you whether the position was opened or closed:

• Filled marker - Position opened
• Hollow marker - Position closed

And the color tells you the direction:

• Green - Buy
• Red - Sell

Settings

General

Option

• Expiration - Filter flows by expiration. Options available: 0 DTE, <= 1d, <= 2d, <= 3d, <= 4d, <= 5d, <= 6d, <= 7d, <= 31d, <= 91d, All expirations. Default is 0 DTE
• Min. Premium (USD) - Set the minimum premium threshold in USD. Only flows exceeding this amount will be plotted. Default is $1,000,000

Filter

• Action - Enabled - Enable this toggle to filter flows by action type (Buy or Sell)
• Action - Filter - Choose between Buy or Sell when the Action filter is enabled
• Hide call/put strike overlap - When enabled, this hides trades where both a call and a put are executed at the same strike simultaneously. These are typically offsetting strategies where the net directional exposure is neutral. Disable this if you want to see all flows regardless. Default is enabled
  
  

Call Plot

Global

• Marker - Choose the marker shape for call flows. Options: Circle, Square, Diamond, Text. Default is Diamond

Generic

• Display mode - Choose between Fill or Hollow for generic call markers
• Buy - Color for buy call flow. Default is green
• Sell - Color for sell call flow. Default is red

Open

• Display mode - Choose between Fill or Hollow for open position markers. Default is Fill
• Open buy - Color for call open buy. Default is green
• Open sell - Color for call open sell. Default is red

Close

• Display mode - Choose between Fill or Hollow for close position markers. Default is Hollow
• Close buy - Color for call close buy. Default is green
• Close sell - Color for call close sell. Default is red
  
  

Put Plot

Global

• Marker - Choose the marker shape for put flows. Options: Circle, Square, Diamond, Text. Default is Square

Generic

• Display mode - Choose between Fill or Hollow for generic put markers
• Buy - Color for buy put flow. Default is green
• Sell - Color for sell put flow. Default is red

Open

• Display mode - Choose between Fill or Hollow for open position markers. Default is Fill
• Open buy - Color for put open buy. Default is green
• Open sell - Color for put open sell. Default is red

Close

• Display mode - Choose between Fill or Hollow for close position markers. Default is Hollow
• Close buy - Color for put close buy. Default is green
• Close sell - Color for put close sell. Default is red
  
  

Size Settings

Text

• Text size - Set the font size when marker type is set to Text. Default is 12
• Text color - Set the text color. Default is white

Marker

• Marker min size - Minimum size of the marker. Default is 60
• Marker max size - Maximum size of the marker. Default is 120
• Marker max std dev - Controls the scaling of marker size relative to standard deviation of premium. Default is 1.0
  
  

Still Having Trouble?

Our support team is available 24/7 and ready to help you with any issue you encounter.

When reaching out, please include:

• A screenshot of the issue
• A brief description of what you were trying to do

Support Ticket (Fastest Response) - Visit www.deepcharts.com and create a support ticket directly on our website.

Email Support - Reach us at support@deepcharts.com - please note that email responses may take a little longer than a support ticket.