spyforecast.comHelp centreGlossaryOpen the Options Chart β†’

🌊 Options Chart β€” the price with the option book on it

This is the main page of the tools: the candles of one ticker with one line from the option book over them (the option line) and the chain's levels β€” call wall, put wall, gamma flip, max pain β€” drawn on the same chart. Under it, three readings: the market-maker view, the ladder and the expiries.

πŸ’‘ How to think about this page Everything tells you where things are: where the price sits against the big strikes, how the people hedging the book are placed around it, and how unusual today's reading is for this ticker. None of it is a guaranteed signal β€” use it to find levels and structure, then decide.

The top of the page works as on every ticker page. When you want every control, one by one, the full reference is the ❓ Help button on the page itself (or here).

30 secondsThe option lineChain levelsMarket-maker viewLadderExpiries⬇ DataDrawingRoutine

In 30 seconds

  1. Pick a ticker in the top bar and a timeframe on the left of the toolbar: D daily or W weekly. Start on W, then D.
  2. Look at the horizontal lines on the chart: the green call wall is the ceiling, the red put wall the floor, amber the gamma flip.
  3. Read the six answers in the Market-maker view under the chart β€” one sentence each.
  4. Open Ladder when you want every level in one list, with its distance from the price.
  5. Press H or ❓ Help any time; every β“˜ next to a title opens the reference at that item.

The option line

Pick any one of the 121 daily series and it is drawn over the candles in its own pane, so its scale never squashes the price. The controls read left to right in the order they are applied:

StepWhat it does
option lineWhich series β€” gamma, open interest, IV, a wall…
smoothNone Β· Hull Β· EMA Β· SuperSmoother Β· Ξ£ (a running sum). Ξ£ is useful on a line that straddles zero (a net flow); on a one-signed line (open interest, volume) it is just a ramp.
indicatorRun an indicator on the line (Z-score, Fisher, Cyber Cycle…).
percentileThe high band (P90 by default; the low band is its mirror). Dots on the candles mark the first bar of every run beyond a band.
πŸŽ“ Pro tipUse Z-score on the option line instead of the raw number. A raw gamma value says nothing across tickers; a z says "unusual for this ticker", which is the only comparison that holds up.

Chain levels on the chart

The levels of the option book as horizontal lines: call wall, put wall, Ξ³ flip, max pain. history draws how they moved over time instead of only today's. more holds the third walls, the open-interest peaks, the delta flip and the walls of each expiry horizon.

⚠ A wall far from the price is sceneryThe picture names levels more than 22 % from the close under the chart instead of squeezing the rest. Look at the distance, not just the line.

🏦 Market-maker view

Market makers are the people on the other side of the book. They hedge what they sell, and how they hedge moves the stock. This view reads from the top: six answers, one picture of the levels, what is unusual today, then one card per reading.

The questionWhat the answer says
Do dealers calm moves, or stretch them?Long gamma = dampening (they sell rallies, buy dips) Β· short gamma = amplifying Β· balanced at the flip = a small move decides.
Which way did today's flow make them hedge?Hedge buying or hedge selling β€” assuming customers were the net buyers (the data does not say who initiated).
Is the price held near a big strike?Within 1 % of front-expiry max pain, with the call and put walls.
What do falling vol and passing days make them do?Vanna (falling IV) and charm (time passing): buy or sell shares.
Who owns the delta near the price?Calls or puts, within Β±5 % of the close.
How expensive are the options?IV30 with its 1-year rank, rich or cheap against realised, the term shape, and which side of the skew is bid.

Each card has a bar: where today sits among this ticker's own prior sessions (typical Β· high / low Β· very high / very low beyond 2Οƒ, shown in amber). A small tag β€” MMs dampen, MMs amplify, hedge buying, hedge selling β€” appears only when the reading is outside its usual range. These are hedging mechanics, not a forecast of direction.

πŸͺœ Ladder

One list sorted by price, with the close in the middle and each distance in % and in ATR, with bars of call and put open interest at each strike. It is the quickest way to see what sits between the price and your strike. The "strikes of" box can limit it to expiries within 0–14 days, so a far-away wall does not hide the near one.

πŸ“… Expiries

Each expiry on its own: two range cards (this week and about a month) showing the move the options price, on real strikes, the estimated report date, IV by expiry and the table of every expiry.

⬇ Data β€” the files of this ticker

The header's ⬇ Data opens a panel that follows the ticker on screen: take any file (the 121-series daily file, the weekly file, strikes, horizons, expiries, events…) or all of them in one .zip. It also builds the AI-ready report: a text summary of the ticker you can paste into an AI assistant for a second opinion.

Drawing on the chart

Lines and drawings you place are yours: a horizontal line (one click), a trend line (two), an ABC channel (three), and a measure tool that gives dollars, % , bars and ATRs. Esc returns to the cursor; Ctrl+Z undoes. Your drawings and settings are kept in this browser.

A routine that works

  1. Weekly, then daily: where is the price between the walls?
  2. Six answers: calm or stretched? Which way is the hedging flow leaning?
  3. Unusual today: anything beyond 3Οƒ and rare for its year?
  4. Ladder: what sits between the price and the strike you have in mind?
  5. Expiries: what range do the options price for the horizon you trade?
  6. For the long version of any one reading, open its own page: Walls & Levels, Volatility, Greeks & flow.