Options pressure
Live call flow (blue) and put flow (amber) through the session, each trade weighted by the dollars of exposure it carries, with the net as a single line. This is how hard the options market is pushing on the stock.
DeltaTape · Live options flow · Gold
Volume counts contracts. DeltaTape measures pressure.
DeltaTape streams live options flow and weighs every trade by the real dollars it puts behind a move, not just the number of contracts. Watch it next to the contract count and see when the two disagree.
Live during market hours. Included in Terminal Gold (14-day free trial) and PFP Gold. Open it in your browser or through Discord.
A thousand lottery tickets and a thousand real bets look the same on a volume bar.
Contract volume treats every contract equally. But a far out-of-the-money call barely moves with the stock, while a deep in-the-money call moves almost one-for-one. DeltaTape weighs each trade by the exposure it actually carries.
Cheap, far out-of-the-money calls
1,000 contracts
$5.8M
of real market exposure
In-the-money calls
1,000 contracts
$40.6M
of real market exposure
Same volume. 7× the exposure.
Example on a $580 stock. Volume sees two equal trades. DeltaTape sees the difference.
When the panes agree, the flow confirms. When they split, pay attention.
Contract volume
The familiar read: what share of contracts traded as calls or puts, bought or sold. It tells you where the activity is, not how much exposure it carries.
Divergence
Puts can dominate the contract count while the real dollars lean bullish, and the reverse. When the panes tell different stories, the pressure pane usually shows where the real size sits.
The 0DTE toggle
Know how much of the flow expires today.
Same-day options can dominate the tape and vanish by the close. Turn on the 0DTE toggle and DeltaTape overlays same-day flow as dashed lines, so you can see whether a move is being driven by positions that will be gone tomorrow.
- All call pressure
- All put pressure
- 0DTE calls
- 0DTE puts
Positioning shows the levels. DeltaTape shows who is pushing on them.
01
Confirm the break
Price pushing through the Top Call Strike or Top Put Strike? Check whether options pressure is building in the same direction or the move is running on empty.
02
Catch the split
When contract volume and options pressure disagree, the pressure side is usually where the real size sits. That split is the cue to look closer.
03
Weigh the 0DTE share
If most of the pressure is same-day options, expect it to fade into the close. If it is in longer-dated flow, the positioning carries into tomorrow.
2nd Skies Terminal
DeltaTape is a Gold-tier app.
Gold includes every Terminal app. New apps are added at no extra cost, and your price is locked for as long as you’re a member.
| App | Bronze $249/yr | Silver $499/yr | Gold $999/yr |
|---|---|---|---|
| GammaLens | ✓ | ✓ | ✓ |
| OptionsLens | ✓ | ✓ | ✓ |
| Daily Implied Move | ✓ | ✓ | ✓ |
| SectorLens | ✓ | ✓ | ✓ |
| Vol Dash | — | ✓ | ✓ |
| FlowLens | — | ✓ | ✓ |
| Morning Market Report + Option Flow Report | — | ✓ | ✓ |
| Trader Watchlist | — | Coming soon | Coming soon |
| News feed | — | Coming soon | Coming soon |
| DeltaTape | — | — | ✓ |
| Day Trading App | — | — | Coming soon |
| Movers | — | — | Coming soon |
| PFP AI layer | — | — | Coming soon |
PFP Gold ($1,499/yr) includes the full course and Terminal Gold.
Questions
What does DeltaTape show?
Live options flow for a stock, shown two ways: how many contracts are trading in calls and puts, and how much real money those trades put behind the move. When the two disagree, that is often where the story is.
Why not just watch options volume?
Volume counts every contract the same. A thousand cheap, far out-of-the-money calls and a thousand in-the-money calls show identical volume, but the second group carries about seven times the exposure. DeltaTape shows both, so you can see when they disagree.
Is DeltaTape real-time?
Yes. It streams options trades during market hours and updates the panes as the session unfolds.
What does the 0DTE toggle do?
It overlays flow in options expiring the same day as dashed lines (violet for calls, rose for puts), so you can see how much of the session’s pressure comes from positions that expire at the close.
Which tickers does it cover?
Over 120 of the most liquid stocks and ETFs in the options market, including SPY, QQQ, IWM, NVDA, TSLA, AAPL, MSFT, META and AMZN.
Which tier includes DeltaTape?
DeltaTape is in Terminal Gold, which includes every Terminal app. It is also included in PFP Gold, alongside the full PFP course.
Is DeltaTape a signal service?
No. DeltaTape shows where options pressure is building. It is a tool for reading flow, not a list of trades to take.
Stop counting contracts. Start reading pressure.
The positioning and flow don’t lie… but the brain might.
Get DeltaTape with GoldDeltaTape is provided for educational purposes only. Not investment advice. Options involve risk and are not suitable for all investors.