<h2>Flow Feed Columns</h2><figure class="image"><img src="https://lh7-us.googleusercontent.com/2pMUpUfemq1nDmfazAvjOyOrMlh--kUAIOcg5j6ZQ_OM5H6bbFVpEjqBOSKCJDu5x1cSRCQ_ktTWRcCZrV8SKEmcmr-uUjtTzBlTHiWv0U3XBqFyzCFa5-jTRh6C1IShdtPWE9ZJ2vYIjmkSQQrqyjo"></figure><ul><li>Side: The Side refers to which side of the bid/ask spread an order fills on. For example, if the bid/ask spread of a contract is $0.95 and $1.00, and the transaction fills at $0.99, that would be considered “Ask Side.”</li><li>DTE (days to expiration):<ul><li>The DTE for an options contract is the number of days remaining until that contract’s expiration</li></ul></li><li>SP (Underlying): SP/Underlying refers to the stock price at the time of the options transaction.</li><li>% Out of The Money (OTM):<ul><li>“Out of the money is an expression used to describe an option contract that only contains extrinsic value. Percent (%) OTM refers to how far out of the money that particular contract is. If a stock is trading at $100 per share, the $105 Call contract for that stock would display as “5% OTM”</li></ul></li><li>IV: <strong>Implied Volatility, </strong>commonly referred to as IV, is best described as the options market's expectation of a likely move in a security's price over a period of time.</li></ul><p>News and rumors alone are enough to effect the IV of a security and its options. Known events, such as an earnings call or an investor day, also have an effect on IV.&nbsp;</p><p>IV is a forward looking value and is not based on historical activity.&nbsp;</p><ul><li>Shares Equivalent: The 'size' of the option position if the trader had decided to use shares instead of options to take a position. This does, however, have the caveat that options can and will behave differently as time goes on, the underlying price changes, and as traders are active in those options.</li><li>Sector: The Sector column simply indicates which market sector the underlying stock belongs to; examples include Energy, Basic Materials, Consumer Cyclical, etc.</li><li>Industry: Similar to the Sector column, the Industry column displays which Industry a given stock belongs to. Examples include Advertising Agencies, Airlines, Banks etc.</li><li>Earnings Report: The Earnings Report column indicates how many days until the next projected Earnings Date for the underlying ticker.</li><li>Show Flow Alert: The Show Flow Alert column will display the TYPE of Flow Alert that a transaction triggered. This only applies if a transaction was part of a Flow Alert.</li><li>Trade Code: The Trade Code indicates the execution method of the trade. Examples are AUTO - Trade was executed Electronically; ISOI - Trade was an execution of an order identified as an Intermarket Sweep Order. You can read about all codes in the Trade Code FAQ.</li><li>Exchange: This column refers which exchange the transaction took place on. Examples include CBOE, NYSE, etc. You can learn more about the different exchanges <a href="https://unusualwhales.com/glossary/trade-code">here</a>.</li><li>Flags: This column is where different trade Flags such as Floor Trade, Sweep, Cross Trade, will appear.</li><li>Tags: The Tags column shows the different identifiers for transactions in your flow feed, such as ASK, BID, ER UPCOMING, etc. All tags can be viewed on the Tags FAQ.</li><li>Greeks: The Greeks columns allows you to toggle whichever of the listed Greeks you'd like to view in real-time within your Flow Feed. You can select from Delta, Theta, Gamma, Vega, Rho, and Theo. You can learn more on the <a href="https://unusualwhales.com/faq/what-are-greeks">Greeks FAQ</a>.</li></ul><p>You can also learn a LOT more about the Flow Feed by reading <a href="https://unusualwhales.com/information/what-is-the-options-flow-feed">this article.</a></p><p>Then <a href="https://unusualwhales.com/information/how-to-filter-the-flow-feed-part-1">this article</a> teaches you how to build your own Flow Feed Filter!</p><h2>Related Articles</h2><ul><li><a href="https://unusualwhales.com/information/what-is-the-options-flow-feed">What is the options flow feed?</a></li><li><a href="https://unusualwhales.com/information/how-to-interpret-types-of-option-transactions">How to interpret different types of Options transactions</a></li><li><a href="https://unusualwhales.com/information/implied-volatility">What is Implied Volatility?</a></li></ul>

A quick, short overview of what each Flow Feed Column means

What do the Flow Feed Columns mean?

Trade Codes

The bid/ask spread and how it affects options buyers and sellers

Descending Fills

Ascending Fills

How to Harness Unusual Whales Screeners for Faster, Smarter Trade Ideas

Open Interest Change Feed Breakdown

13F filings: what are they, who needs to file, and what can be gleaned? 

Options Strategies for High Volatility

Breaking Down Flow Alerts

More Unusual Trading Before Trump's China tariff Pause, IT HAPPENED AGAIN. Flow Review 5/12/2025

Options Screener Breakdown

How To Use Top Net Impact And Market Tide Together For Market Sentiment With The Server-Level Discord Bot

Use Avg 1D RV Post Earnings In Market Map To Instantly Find Trade Ideas

Spot Hidden Trading Opportunities By Using The Market Map To Find Extreme Conditions

How To Check Your API Usage

The Discord options_screener Command Step-by-Step and How To Spot Institutional Option Trades With It

How to Plot the 0DTE Straddle Breakeven Prices on Your Periscope Chart and Why You Should Care

Earnings Date Differences Explained: Gaining Confidence in Your Unusual Whales Data

Delta Airlines $DAL Unusual Options Activity Lookback

What is the ETF Overview?

How to Fix 404 Errors when Using AI Tools with the Unusual Whales API

Theoretical Value

Book Value

Market Capitalization (Market Cap)

Mutual Fund

Par Value

Volatility Index (VIX)

Price-to-Earnings Ratio

Yield Curve

Value Stock

Treasury Note (T-Note)

Treasury Bond (T-Bond)

Treasury Bill (T-Bill)

Stock Split

Short Selling

Short Interest

Risk Tolerance

Revenue

Recession

Synthetic Short

Synthetic Long

Synthetic Position

Over-the-Counter (OTC) Market

Money Market Fund (MMF)

Stop Order

Market Order

Limit Order

Interest Rate Risk

Periscope FAQ

How To Interpret Periscope Net Gamma Exposure

Quick Custom Alert Presets

Institutional Investor

Retail Investor

IPO (Initial Public Offering)

Hedge Fund

Growth Stock

Futures Contract

Fundamental Analysis

Technical Analysis

Float

Short Squeeze

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Probability of Profit (POP)

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