RESOURCES
LEARN TO READ THE TAPE
Practical, evidence-first tutorials for reading institutional options activity without turning one print into a promise.
GUIDES
GLOSSARY
- BID / ASK
- The highest displayed buying price and lowest displayed selling price. Execution near either side can provide intent evidence, but not certainty.
- PREMIUM
- Total dollars represented by an options trade. Size matters, but does not by itself reveal direction or purpose.
- SWEEP
- An order routed rapidly across exchanges. It can show urgency, but urgency does not guarantee direction or outcome.
- BLOCK
- A large negotiated trade that may be institutional, hedged, spread-linked, opening or closing.
- DTE
- Days to expiration. Shorter and longer-dated contracts respond differently to time, volatility and price movement.
- MONEYNESS
- A strike's position relative to spot: in, at or out of the money.
- OPEN INTEREST
- Contracts outstanding before the session. Comparing it with volume can add context, but cannot prove opening or closing intent.
- VOLUME
- Contracts traded during the session; for underlying confirmation, Namekian Flow requires valid consolidated volume evidence where specified.
- IMPLIED VOLATILITY
- The market's priced expectation of future movement, which influences option premium independently of direction.
- CONFIRMATION
- Required evidence that supports a read—such as a completed close through structure with qualifying volume—not merely a live tick.
- INVALIDATION
- The predefined price or condition showing that the original setup logic no longer holds.
- SKEW
- The tilt of call versus put premium over a chosen window. It is context, not an entry trigger.
PUT IT INTO PRACTICE
Use the live terminal to apply each checklist to real prints and current price context.