What do the Flow Feed Columns mean?
Flow Feed Columns
- 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.”
- DTE (days to expiration):
- The DTE for an options contract is the number of days remaining until that contract’s expiration
- SP (Underlying): SP/Underlying refers to the stock price at the time of the options transaction.
- % Out of The Money (OTM):
- “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”
- IV: Implied Volatility, 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.
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.
IV is a forward looking value and is not based on historical activity.
- 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.
- Sector: The Sector column simply indicates which market sector the underlying stock belongs to; examples include Energy, Basic Materials, Consumer Cyclical, etc.
- Industry: Similar to the Sector column, the Industry column displays which Industry a given stock belongs to. Examples include Advertising Agencies, Airlines, Banks etc.
- Earnings Report: The Earnings Report column indicates how many days until the next projected Earnings Date for the underlying ticker.
- 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.
- 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.
- Exchange: This column refers which exchange the transaction took place on. Examples include CBOE, NYSE, etc. You can learn more about the different exchanges here.
- Flags: This column is where different trade Flags such as Floor Trade, Sweep, Cross Trade, will appear.
- 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.
- 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 Greeks FAQ.
You can also learn a LOT more about the Flow Feed by reading this article.
Then this article teaches you how to build your own Flow Feed Filter!