Chart description
The Options Net Premium Strike Heatmap visualizes the net cumulated premium flows of options traders across strike prices and time, offering insight into market positioning and sentiment. This metric aggregates daily net premiums (premium paid as a buyer minus premium received as a seller) across strike buckets, and displays them as a heatmap overlaid with the underlying asset’s spot price. Blue/green tones indicate net buying activity (net call buyers above spot, net put buyers below spot), while red tones indicate net selling activity (net call sellers above spot, net put sellers below spot).\n\n By examining the distribution of net premium across strikes, traders can identify key price levels that could act as magnets, resistance zones, or areas of heightened risk. Because options positioning can reflect forward-looking market views, this visualization helps anticipate where traders expect significant price action. For example, clusters of net call buying (blue) above the current spot may signal anticipated upside, whereas net selling (red) at higher strikes may suggest perceived resistance.