There are multiple lines visible on the HIRO Chart depending on which chart and which filters you have activated.
There are two chart views:
- Total Options View
- Puts and Calls View
Total Options View
Total Options View displays the real-time impact of both puts and calls on an underlying security.
Puts and Calls View
Puts vs. Calls View allows traders to isolate the impact of puts vs. calls within HIRO.
There are three filter views:
- All Trades
- Next Expiry
- Retail Only
All three filters can be seen on each view.
All Trades Filter
This filter captures all projected impact of all options trades within the US options complex for a given security or index. This filter does use SpotGamma proprietary logic to filter out some trades that we consider hedged and therefore do not drive the underlying security.
Next Expiry Filter
The Next Expiry Filter in Total Options View allows traders to see how and when options that expire the same day (0DTE) or on the next listed expiration are driving stocks, indices, and ETFs.
The Next Expiry Filter in Puts vs. Calls View allows traders to isolate the impact of puts vs. calls specifically for options that expire the same day (0DTE) or within a few days.
Retail Only Filter
The Retail-Only Filter in Total Options View allows traders to see when options flows are driven by non-institutional trades, to see which trades are likely retail-driven.
The Retail-Only Filter in Puts vs. Calls View allows traders to isolate the impact of puts vs. calls specifically for trades that are likely retail-driven.
Total View with All Filters On
- Blue Line (All Trades)
- Teal Line (Next Expiry)
- Fuchsia Line (Retail Only)
- White Line (Price)
Put/Call View with All Filters On
- White Line (Price)
- Light Blue (All Trade Puts)
- Orange (All Trade Calls)
- Dark Blue (Next Expiry Puts)
- Green (Next Expiry Calls)
- Purple (Retail Only Puts)
- Yellow (Retail Only Calls)