Option Order Flow (Net Delta Exposure)

ZenBot now has the ability to scan for bullish or bearish imbalances in option open interest. This serves as another point of confluence to helping us understand if there is institutional presence, in which direction and at what price points.

Zen will now show you a new “Flow” column which represents the “net delta exposure” or DEX of all options positions up to 90 days out. You’ll see at a glance if other traders and large options holders are bullish or bearish on the stock. You can sort by options flow and use it as a filter or in your custom scans.

Hover over the flow bar to see the ratio of calls to puts. Click the flow bar to see the options chart which shows the bullish / bearish balance of options at all strikes. The strongest stocks will have a heavy balance toward calls and will have

The ‘Options Flow’ indicator shows the percent of calls versus puts as of the start of the trading day.

Click on the options flow indicator to see the ‘Delta Exposure / DEX’ chart. This chart shows the net balance of calls versus puts. The strongest stocks will have a very clear imbalance toward calls, and will have open interest at strike prices above the current price. These make good targets!

Option call and put percent can be used in filters or custom scans