When viewing the chart for a single stock, you can toggle on and off the "Retail Only" filter in both the Total and Put/Call views.
Retail Only Filter in Total Options View
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.
1. X-Axis - Reflects the trade time
2. Y-Axis
- (Left) Pricing of the underlying security
- (Right) Total estimated hedging pressure from options flows
3. White Line - Displays the live price on underlying security
4. Fuschia Line -The fuchsia line displays the total hedging pressure from retail-only options trades. Upward movement in the fuschia line reflects calls bought and puts sold. Downward movement reflects calls sold and puts bought.
To switch from All Trades to Retail-Only:
- Click the HIRO Settings icon
- Toggle from All Trades to Retail
- Click Update
Pro Tip: The Retail-Only Filter isolates trades which are likely carried out by the non-institutional investing community. This group is often extremely speculative in nature, creating short term price moves which often reverse.
Retail Only Filter in Put/Call View
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.
Gold Line (Calls)
1. Rising - This reflects the net impact of call buying (bullish)
2. Falling - This reflects the net impact of call selling (bearish)
Purple Line (Puts)
3. Rising - This reflects the net impact of put selling (bullish)
4. Falling - This reflects the net impact of put buying (bearish)
To see Retail-Only Filter in Puts vs. Calls View:
- Click the HIRO Settings icon
- Toggle from Total to Put/Call
- Toggle from All Trades to Retail
- Click Update
Pro Tip: The Retail-Only Filter in Puts vs. Calls View displays the direct impact of each type of option on the market. Call buying and put buying can reflect higher speculation and imply a higher likelihood of a larger price move than call selling or put selling.