TradingFlow 文档
搜索产品指南、教程视频和期权流术语定义。
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12 篇文字指南 · 22 个术语 · 11 个教程视频
从这里开始
选择正确的 TradingFlow 功能，并理解应用中的证据模型。
Option Trades
阅读实时与历史成交记录，并在不过度解读的前提下理解每笔成交。
排名与检视
从全市场候选列表缩小到一个标的或合约，并检视其结构。
工作区
保存研究范围、复用视图，并打开可重复执行的研究报告。
概念参考
GEX、DEX、墙位与期权链结构的长文教程。
什么是 Delta 敞口（DEX）？期权流的方向性讲解什么是 delta 敞口（DEX）？TradingFlow 如何把期权流转化为看涨或看跌方向性敞口，以及 DEX 与 DEI、GEX 的区别。阅读指南什么是 Gamma 敞口（GEX）？做市商对冲与正负 Gamma什么是 gamma 敞口（GEX）？做市商对冲、正/负 Gamma，以及期权中的 Gamma 如何影响支撑、阻力与波动。在 TradingFlow 中查看实时 GEX。1 个教程视频阅读指南什么是看涨墙（与看跌墙）？GEX、OI 与最大痛点什么是看涨墙？现价上方看涨未平仓最集中的行权价，常作阻力。看跌墙、ΔOI、Vol/OI、最大痛点，以及如何在 TradingFlow 中结合 GEX 使用。1 个教程视频阅读指南
术语表
墙位、GEX、DEX、期权流及相关成交术语的简短定义。
Call wallA call wall is the strike above spot with the densest call open interest or call-side gamma. Traders often treat it as resistance when dealers hedge.打开定义Put wallA put wall is the strike below spot with the densest put open interest or put-side gamma. Traders often treat it as support when dealers hedge.打开定义Gamma exposure (GEX)GEX estimates aggregate dealer gamma from listed options. Positive gamma tends to dampen moves; negative gamma tends to amplify them. Option gamma is the building block; extreme short-gamma feedback is covered under gamma squeeze.打开定义Gamma squeezeA gamma squeeze is a feedback loop: aggressive call buying can leave dealers short gamma so they buy the underlying as price rises, which can accelerate the move—not a guaranteed outcome and not the same as a short-stock squeeze.打开定义Option flowOption flow is the time-and-sales stream of options prints: contract, size, premium, and inferred aggressor side.打开定义Unusual options activity (UOA)UOA flags contracts or underlyings trading far above recent norms in volume, size, or premium. It is an attention screen, not a directional signal.打开定义Delta exposure (DEX)DEX estimates share-equivalent directional weight of an options trade, roughly delta × size (with the usual multiplier).打开定义Delta impact (DEI)DEI scales delta exposure by typical stock volume so the same DEX reads louder in a quiet name than in a hyper-liquid one.打开定义Open interest (OI)Open interest is how many options contracts remain open. Unlike volume, it does not reset each morning and usually updates after the session.打开定义Volume / open interest (Vol/OI)Vol/OI is today’s volume divided by open interest. High ratios mean today’s trading is large versus the standing book.打开定义Options sweepA sweep is a large order filled across multiple exchanges in rapid succession, usually to grab available liquidity quickly.打开定义Options block tradeAn options block is a large single print, or same-second aggregate, sized well above typical retail clips.打开定义Smart money flowIn scanners, “smart money” usually means large or institutional-style prints. It is a size heuristic, not account identity.打开定义Max painMax pain is the underlying price that theoretically minimizes total option-holder payoff at expiration.打开定义Dealer hedgingDealer hedging is market makers buying or selling the underlying to stay near delta-neutral as price and gamma change.打开定义IV RankIV Rank places today’s implied volatility between its recent high and low so “expensive” or “cheap” is relative to that underlying’s history.打开定义0DTE (zero days to expiration)0DTE options expire the same trading day. Gamma and theta move fastest near the money on that clock.打开定义IV crushIV crush is a sharp drop in implied volatility after uncertainty resolves, often after earnings. Premium can fall even when the stock moves your way.打开定义Put/call ratioPut/call ratio compares put activity to call activity by contracts, volume, or premium. Context decides whether heavy puts mean hedges or bearish bets.打开定义Moneyness (ITM / ATM / OTM)Moneyness labels a contract relative to spot: in-the-money (ITM), at-the-money (ATM), or out-of-the-money (OTM).打开定义Aggressor side (bid / ask)Aggressor side estimates who crossed the spread: prints at or above the ask often look like aggressive buying; at or below the bid, aggressive selling. Mid is ambiguous.打开定义Pin riskPin risk is expiration uncertainty when spot sits near a strike with large open interest: assignment and last-minute hedging get noisy.打开定义
教程视频
基于当前 TradingFlow 测试应用录制的简短静音操作演示。