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Guides
Options data is powerful but dense. These guides explain what each chart on this site measures, how to read it, and where its limits are, so you can form your own view of what the market is pricing.
How to Read Gamma Exposure (GEX)Dealer hedging, positive and negative gamma regimes, the gamma flip, call and put walls, and charm and vanna exposure.12 min read →
VIX Term Structure ExplainedHow VIX futures work, contango versus backwardation, the VIX index family, and what the curve says about market stress.11 min read →
Reading the Implied Volatility SurfaceVolatility smiles and skew, the term structure of implied volatility, event bumps, and how to read the 3D surface and heatmap.11 min read →
Where to start
If you are new to options analytics, begin with the implied volatility guide, because implied volatility is the input behind every other metric. Then read the GEX guide to see how option positioning can influence the way prices move, and finish with the VIX term structure guide to learn how the market prices volatility itself over time.
Every guide links to the matching tool, so you can open the live chart alongside the explanation. Nothing in these guides is investment advice; see the Disclaimer.