Option Profile - DeepChart

Option Profile - DeepChart

Option Profile displays a visual profile of options activity directly on your chart, showing where the most call and put volume or gamma volume is concentrated across different strike prices. Think of it like a volume profile but for options - it helps you identify the key call and put walls where significant options positioning exists, giving you a structural view of where the market may find support or resistance.

Note: Option Profile is available on NDX, QQQ, SPY, and SPX.

How to Add Option Profile

Method 1 - Via Indicator Tab
  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 Profile and click + to add it
  7. Click the settings icon to open the configuration window

Method 2 - Via Templates Bar

Once the Option Chart is open, you can quickly enable the Option Profile directly from the Templates bar at the bottom of the chart.

  • Locate the Templates bar at the bottom of the Option Chart
  • Click on C/P Σ to instantly load the Option Profile on your chart

Once the Option Profile is enabled, you can access its settings at any time by right-clicking on the C/P Σ tab in the Templates bar and selecting Settings.

Understanding the Profile

The Option Profile displays two sides:

  • Green bars (left side) - Call volume or gamma volume at each strike. A large concentration of green bars at a strike indicates a significant call wall - an area where price may face resistance as it moves up
  • Purple bars (right side) - Put volume or gamma volume at each strike. A large concentration of purple bars at a strike indicates a significant put wall - an area where price may find support as it moves down

Settings

General

  • Data source - Choose how the profile is calculated. Options available:
    • Volume (default) - displays raw options volume at each strike, showing where the most contracts are concentrated
    • Gamma volume - displays volume multiplied by the gamma greek, giving a more accurate picture of actual dealer exposure at each strike
  • Expiration - Filter the profile by expiration. Options available: 0 DTE, <= 1d, <= 2d, <= 3d, <= 4d, <= 5d, <= 6d, <= 7d, <= 31d, <= 91d, All expirations. Default is All expirations
  • Include Carry or Open Interest - When enabled, includes open interest carried over from previous sessions into the calculation, giving you a broader view of total positioning. When disabled, only the current session data is considered. Default is disabled

Plot Settings

Background/Text

  • Background - Click Show Settings to configure the background appearance of the profile
  • Show text - Toggle to show or hide text labels on the profile. Default is disabled
  • Text - Click Show Settings to configure the text appearance
  • Stack profile (if possible) - When enabled, the call and put profiles are stacked together side by side for a combined view. When disabled, the call and put profiles are displayed separately. Default is disabled

Width/Offset

  • Width type - Choose how the profile width is calculated. Options available:
    • Automatic (default) - DeepChart automatically sets the profile width based on the current chart view
    • Percentual period - sets the width as a percentage of the visible chart period
    • Window width - sets the width based on the current visible window
    • Fixed bars - sets a fixed number of bars for the profile width
  • Current Width - Set the width of the current session profile. Default is 10
  • Current Offset - Set the horizontal offset of the current session profile. Default is 0
  • Previous Width - Set the width of previous session profiles. Default is 15
  • Previous Offset - Set the horizontal offset of previous session profiles. Default is 0

Visual Appearance

  • Number of profile - Set how many session profiles are displayed on the chart. Default is 5
  • Vbp opacity - Set the opacity of the profile bars. Default is 90
  • Border width - Set the border width of the profile bars. Default is 1.00
  • Show above bars - When enabled, the profile is displayed on top of the price bars. Default is disabled
  • Visual style - Choose between Solid or Hollow profile bars. Default is Solid
  • Align to the right - When enabled, aligns the profile to the right side of the chart. Default is disabled
  • Always visible - When enabled, keeps the profile visible even when scrolling outside its range. Default is disabled

Peak

The Peak section highlights the highest concentration points on the profile for both the call and put sides.

Positive (Call Side)

  • Enable - Toggle to show or hide the positive peak highlight. Default is enabled
  • Highlight - When enabled, highlights the bar with the highest call concentration on the profile. Default is disabled
  • Highlight Color - Set the highlight color. Default is green
  • Show Line - When enabled, draws a horizontal line at the peak call level. Default is enabled
  • Line Color - Set the line color. Default is green
  • Line Width - Set the line width. Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

Negative (Put Side)

  • Enable - Toggle to show or hide the negative peak highlight. Default is enabled
  • Highlight - When enabled, highlights the bar with the highest put concentration on the profile. Default is disabled
  • Highlight Color - Set the highlight color. Default is purple
  • Show Line - When enabled, draws a horizontal line at the peak put level. Default is enabled
  • Line Color - Set the line color. Default is purple
  • Line Width - Set the line width. Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

Rolling Values

Rolling Values shows how the profile looked at specific time intervals ago, plotted as lines on the current profile. This helps you see how the options positioning has shifted over time during the session - for example, you can compare where the call and put walls were 30 minutes ago versus where they are now.

Note: Rolling Values only works when the Data source is set to Gamma volume in the General settings. If Volume is selected, Rolling Values will not display.

M1

  • Enable - Toggle to show or hide the 1 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot
  • Line Style (color) - Set the color for this rolling value

M5

  • Enable - Toggle to show or hide the 5 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot
  • Line Style (color) - Set the color for this rolling value

M15

  • Enable - Toggle to show or hide the 15 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash
  • Line Style (color) - Set the color for this rolling value

M30

  • Enable - Toggle to show or hide the 30 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Solid
  • Line Style (color) - Set the color for this rolling value
Gamma Profile View - With Rolling Values

Example - How to Use Option Profile

Looking at the chart, the Option Profile appears as a vertical panel on the right side of your chart by default. Here is a simple way to read it:

  • The largest green bar on the profile shows the strike with the most call activity - this is your call wall. Price approaching this level from below may face selling pressure as dealers hedge their exposure
  • The largest purple bar on the profile shows the strike with the most put activity - this is your put wall. Price approaching this level from above may find buying support as dealers hedge their exposure
  • When price is trading between the call wall and put wall, it is in a balanced zone and may oscillate between the two levels
  • Use the Peak lines (dashed green and purple horizontal lines) as quick reference levels without having to read the full profile

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.

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