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stks: option levels by strike

stks is the ConvexValue Terminal app that adds up one option parameter by strike for a symbol. It is a live table with a row per strike: the puts, the calls, their net and the running total, each also drawn as a bar.

How to use stks

stks SYMBOL PARAMETER [param=value ...]
stks AAPL oi

The symbol and the parameter are required, in that order. Type the command in the command bar of a pane, or set the same parameters in the control panel (the ⚙️ at the right of the bar). In a browser, the app opens at convexvalue.com/go/stks/.

Parameters

Parameter Values Default What it does
SYMBOL An underlying symbol, or @ required The underlying. @ is the global symbol.
PARAMETER One options parameter: oi, volm, gxoi, vannaxoi, charmxoi ... required What is added up at each strike.
exp Numbers, ranges or both: 1, 1-5, 1-5,10 every expiration Which expirations are added up. 1 is the nearest.
rng A whole number, a percentage every strike Keeps the strikes within that percentage of the spot price. rng=5 is 5% up and down.
flip t or f f flip multiplies the puts' values by -1, so that the net is calls minus puts.
net t or f t net=f hides the Net column.
cum t or f t cum=f hides the cumulative column and its bar.
desc t or f f desc lists the strikes from the highest to the lowest.
format t or f f format writes the numbers with two decimals, for parameters with small values.

The parameters you can add up are the Options Parameters of the Data Parameters page. The control panel lists them too.

Examples

stks AAPL oi

The open interest of AAPL at each strike, every expiration added up.

stks SPY gxoi flip rng=5

Gamma multiplied by open interest within 5% of the spot price, the puts counted as negative.

stks SPX gxoi flip exp=1 rng=2

The same for the nearest expiration of SPX alone.

stks NVDA volm exp=1-4 desc

Today's volume in the four nearest expirations, the highest strike first.

stks QQQ vannaxoi flip rng=5

Vanna multiplied by open interest by strike.

How to read it

  • Each row is one strike. Puts and Calls are the parameter added up over the expirations you selected; Net is the two together.
  • Cum is the running total of Net: the strike itself and every strike below it.
  • The right half of the table draws the same four numbers as bars.
  • Green is a positive value, red a negative one. Without flip the puts are positive like the calls, and the net is their sum.
  • The values update as the market does.
  • The strikes where a bar is longest are where the parameter is concentrated. The table shows the size, not what price will do there.
  • joy: the same parameter with the expirations kept apart.
  • flowsum: the totals by expiration instead of by strike.
  • map: the intraday hedging estimate for SPX.