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Greeks
The core set of risk measures for an options contract, showing how its price is expected to react to changes in the stock, time, and volatility.
What is options greeks distribution?
Options greeks distribution is a strike chart of Delta, Theta, IV, Vega, and Gamma for one ticker. On EZPZ, Greeks is Call and Put Delta, Theta, and IV across five expiries, then Delta, Theta, Vega, and Gamma Maturity as Call versus Put. Search ticker, then Go. It is not a buy or sell.
On EZPZ, the live page title is Greeks. The eyebrow is Options Greeks. The ticker line starts on SPY plus last price. The screenshot uses SPY at $761.69. The subline is Delta, Theta, IV, Vega, and Gamma. Search ticker loads the name. Go loads it. Enter in that box also loads it. Strikes is Min and Max. Info opens Options Greeks Distribution. The first row is SPY Call Delta Distribution next to SPY Put Delta Distribution. Each of those cards draws one line per expiry date. The next rows are Call and Put Theta Distribution, then Call and Put IV Distribution. Delta Maturity, Theta Maturity, Vega Maturity, and Gamma Maturity sit under those. Those four cards use Call and Put, not a date legend. Info says the page is across strike prices for the nearest 5 expiry dates. A steep line can still be a hedge, a spread, or a dealer book. None of those lines is an order.
On EZPZ, this page is the strike distribution of contract greeks for any ticker you search. Greeks Heatmap is the strike-by-expiration grid with Gravity Magnet Score, not these Call and Put lines. GEX and DEX is the Intraday GEX and DEX chart pair with Gamma Flip. Spot Gamma and Delta is the ($) Open Interest versus ($) Volume bar pair with a Spot line. Gamma Exposure is the searchable strike table with Call Wall and Put Wall. GEX Heatmap is the strike-by-expiration GEX grid with a GEX Details table. Option Depth Flow is the searchable strike-by-time Bubble or Gradient chart. Market Maker Exposure is the SPX Flip Level chart with Call Wall, Put Wall, and Expected Move(VEM) and DEM. Market Cross Flow is the SPY, SPXW, and QQQ GEX grid next to candles. Expected Move is the DEM and VEM band chart by expiration. Put to Call Ratio is the Intraday Put/Call Ratio chart of Traded PCR, OI PCR, and Sentiment PCR. Max Pain is Intraday Max Pain with O-Max Pain, P-Max Pain, and V-Max Pain. Open Interest Scan is the OI per Strike and OI per Expiration chart pair. Volume Scan is the Volume by Strike and Volume by Expiration chart pair. Ticker Explorer is the one-symbol dashboard after you already picked a name. Largest Premium By Tickers is the Bullish Flow / Bearish Flow premium leaderboard when you do not have a ticker yet. Index Trader is the index dashboard with Premium Traffic Lights. Top 20 Optionable ranks listed-option names by Vol. * Price. Market Wave is the Current Day chart of Net Call Premium versus Net Put Premium. Net Flow Graph is one ticker you search with Filter ticker, plus Cumulative Volume Delta. Historical Net Premium is the 15D Cumulative lookback with a daily table. 0DTE Graph is the same-day premium chart with Filter ticker. The 0DTE dropdown is the lock. Weekly-DTE Graph is the WTE chart of premium that expires by Friday. 7-DTE Graph is the 7DTE chart of premium in the next 7 days. Supply and Demand X-ray is the ITM Call and Put chart of Price, Supply, and Demand. Money Sentiment is Bought Ratio, Net Sentiment, and Netflow Graph for one ticker. Net Premium Heatmap is the strike-by-expiration grid of Net Premium for one ticker. Movers and Shakers Tide is that same chart job for about 18 mega-cap names. Option Chain is the listed book, where greeks sit on a contract row. Live Flow is the tape of prints. Unusual Activity keeps only large, sweep, and block prints. Unusual Activity Intraday is the session scan with a date range. $1M Plus Flow keeps only million-dollar premium. 0DTE Flow keeps only prints that expire today. SPX and SPY Flow locks the tape to SPX, SPXW, and SPY. Volatility Analysis is Volatility By Open Interest, Open Interest, and Implied Volatility Smile for one ticker. IV Rank Explorer is Current IV (30D), IV Rank (1Y), period IV Rank, and IV Percentile (1Y) plus the IV Rank chart. Historical Volatility is 10D through 90D Volatility versus Price. Volatility Surface 3D is Raw Contracts and Smoothed Mesh for one ticker.
How Greeks works on EZPZ
Search a ticker, then read Call Delta Distribution next to Put Delta Distribution. It is not a score. Most people start at the expiry lines around last price. If the chain is too wide, set Strikes Min and Max. Then scroll to Theta, IV, and the Maturity cards. Open Info only if you want the legend again. Do not treat SPY as a default thesis.
How this differs from Greeks Heatmap
Greeks Heatmap is a strike by expiry grid. Panels are GEX, VEX, CEX, DEX, OI, and Gravity Magnet Score. This page is line charts by strike. Call and Put sit on separate cards for Delta, Theta, and IV. Maturity cards put Call and Put on the same axes. There is no Gravity list and no color cell. Use Greeks Heatmap when you want exposure on a grid. Use this page when you want Delta, Theta, IV, Vega, and Gamma as lines across strikes. Use GEX and DEX when you want Gamma Flip. Use Spot Gamma and Delta when you want ($) Open Interest versus ($) Volume. Use Gamma Exposure when you want Call Wall and Put Wall. Use GEX Heatmap when you want pinning versus volatility cells. Use Option Depth Flow when you want strike by time. Use Market Maker Exposure when you want SPX Flip Level. Use Market Cross Flow when you want SPY, SPXW, and QQQ side by side. Use Expected Move when you want DEM versus VEM. Use Put to Call Ratio when you want Traded PCR. Use Max Pain when you want V-Max Pain. Use Open Interest Scan when you want standing contracts. Use Volume Scan when you want Call and Put volume. Use Ticker Explorer when you want quote, GEX, and unusual activity on one scroll. Use Largest Premium By Tickers when you still need a name from Bullish Flow or Bearish Flow. Use Index Trader when you want traffic lights. Use Top 20 Optionable when you want Vol. * Price rank. Use Market Wave when you want Current Day Net Call Premium versus Net Put Premium. Use Net Flow Graph when you want Filter ticker plus Cumulative Volume Delta. Use Historical Net Premium when you want the 15D table. Use 0DTE Graph when you want same-day premium. Use Weekly-DTE Graph when you want Friday. Use 7-DTE Graph when you want the next 7 days. Use Supply and Demand X-ray when you want Price, Supply, and Demand. Use Money Sentiment when you want Bought Ratio and Net Sentiment. Use Net Premium Heatmap when you want the strike-by-expiration grid. Use Movers and Shakers Tide when you want the 18-name basket. Use Option Chain when you want greeks on a contract row. Use Live Flow when you want the prints.
Anatomy of the distribution charts
You do not need every card on every session. Use the tabs if you want a map of the fields.
The first six cards are Call and Put pairs. Titles follow the ticker, such as SPY Call Delta Distribution.
| On the chart | What you are looking at |
|---|---|
| Call Delta Distribution Put Delta Distribution | Delta by strike. Info calls Delta price sensitivity. Calls sit on the left card. Puts sit on the right. |
| Call Theta Distribution Put Theta Distribution | Theta by strike. Info calls Theta time decay, and says clusters near ATM show where premium sellers are most active. |
| Call IV Distribution Put IV Distribution | Implied volatility by strike. Info says higher IV on puts versus calls can mark protective demand or expected downside risk. |
| Expiry dates | The legend. Each date is one line. Info says the nearest 5 expiry dates. |
The last four cards put Call and Put on one chart. Titles are Delta Maturity, Theta Maturity, Vega Maturity, and Gamma Maturity.
| On the chart | What you are looking at |
|---|---|
| Delta Maturity | Call versus Put delta by strike. Green is Call. Red is Put. |
| Theta Maturity | Call versus Put theta on the same strike axis. |
| Vega Maturity | Call versus Put vega. Info says high vega at a strike means that contract moves most from IV changes. |
| Gamma Maturity | Call versus Put gamma. Info says peak gamma near ATM can mark where dealer hedges may get sharp. |
Info opens Options Greeks Distribution. The subtitle is Reference Guide & Signal Interpretation.
| In Info | What you are looking at |
|---|---|
| What is it? | Visualizes Delta, Theta, IV, Vega, and Gamma across strike prices for the nearest 5 expiry dates. |
| Delta | Price sensitivity. Info says high call delta above spot can mark bullish positioning, and heavy put delta below spot can mark bearish positioning. |
| Theta | Time decay. Info points to clusters near ATM for premium sellers. |
| IV | Implied volatility. Info compares put skew versus call skew. |
| Vega | Sensitivity to volatility. |
| Gamma | Rate of delta change. Info points to a peak near ATM. |
| Strike Filter | Min and Max in the header zoom every chart at once. |
Header and search
- Search ticker / Go: Type a ticker. Placeholder is Search ticker. Go loads the name. Enter also loads it.
- Options Greeks: The eyebrow above the ticker line.
- Delta, Theta, IV, Vega, Gamma: The subline under last price. These are labels, not tabs.
- Strikes: Min and Max. They zoom every chart together.
- Info: Opens Options Greeks Distribution.
Controls on this page
The header has Strikes, Search ticker, Go, and Info. Use those controls to change the chain. Do not treat them as a score.
- Search ticker / Go: Load another name. Placeholder is Search ticker.
- Strikes: Min and Max. Info calls this Strike Filter. It zooms all charts at once.
- Info: Opens Options Greeks Distribution.
How people actually use it
Read Call Delta next to Put Delta
Check the ticker line and last price. Then read the same strike on Call Delta Distribution and Put Delta Distribution before you scroll.
Narrow Strikes if the chain is wide
Min and Max sit on the header. Info says they zoom every chart at once. Use them when far strikes flatten the view next to last price.
Compare IV on calls and puts
Call IV Distribution and Put IV Distribution sit as a pair. Info treats a louder put IV line versus calls as protective demand or expected downside risk, not as a trade.
Use Maturity after the date lines
If one expiry line is loud while Delta Maturity is quiet, you are looking at two clocks. Then open Option Chain if you want the greeks on a contract row.