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Option Volume displays the total volume of options traded, broken down into Call Volume and Put Volume, plotted as stacked bars on a subgraph below your chart. It helps you quickly identify which side of the market - calls or puts - is seeing more activity at any given time, giving you a broader view of options market participation alongside your price action.
Note: Option Volume is available on SPX only.
How to Add Option Volume
Go to New in the top menu.
Click on Option Chart.
A Select Instrument dialog will appear with the following options:
NDX - Symbol: NQ-CME, Exchange: CME
QQQ - Symbol: NQ-CME, Exchange: CME
SPX - Symbol: ES-CME, Exchange: CME
SPY - Symbol: ES-CME, Exchange: CME
Select your preferred instrument and click to open the chart.
Once the Option Chart is loaded, click the Indicator Add button on the chart toolbar.
Search for Option Volume and click + to add it.
Click the settings icon to open the configuration window.
Settings
Parameters
General
Expiration - Filter volume by expiration. Options available: 0 DTE, <= 1d, <= 2d, <= 3d, <= 4d, <= 5d, <= 6d, <= 7d, <= 31d, <= 91d, and All expirations. The default is All expirations.
Value - Choose how the volume is measured:
Contracts (default) - Displays the number of option contracts traded.
Premium - Displays the total premium value in USD.
Future contracts - Displays the equivalent number of futures contracts.
Subgraphs
The Subgraphs tab lets you control how each series is displayed on the chart. There are three subgraphs.
Total Volume (1)
Color - Set the color for total volume.
Secondary Color - Set a secondary color.
Subgraph Style - Choose between Line or Hidden. The default is Hidden.
Auto Color - Options are None, Slope, and +/-. The default is None.
Line Style - Choose between Solid or Dash. The default is Solid.
Line Width - Set the line width. The default is 1.
Short Name - Set a custom label for this series.
Name Label - Toggle visibility of the name label.
Value Label - Toggle visibility of the value label.
Name Background - Toggle the name label background.
Value Background - Toggle the value label background.
Chart color for marker - Enable to use the chart color for markers.
Include on Auto Center - Include this series in auto centering. It is enabled by default.
Call Volume (2)
Color - Set the color for call volume. The default is green.
Secondary Color - Set a secondary color.
Subgraph Style - The default is StackedBars.
Auto Color - Options are None, Slope, and +/-. The default is None.
Line Style - Choose between Solid or Dash. The default is Solid.
Line Width - The default is 5.
Short Name - Set a custom label for this series.
Name Label - Toggle visibility of the name label.
Value Label - Toggle visibility of the value label.
Name Background - Toggle the name label background.
Value Background - Toggle the value label background.
Chart color for marker - Enable to use the chart color for markers.
Include on Auto Center - Include this series in auto centering. It is enabled by default.
Put Volume (3)
Color - Set the color for put volume. The default is purple.
Secondary Color - Set a secondary color.
Subgraph Style - The default is StackedBars.
Auto Color - Options are None, Slope, and +/-. The default is None.
Line Style - Choose between Solid or Dash. The default is Solid.
Line Width - The default is 5.
Short Name - Set a custom label for this series.
Name Label - Toggle visibility of the name label.
Value Label - Toggle visibility of the value label.
Name Background - Toggle the name label background.
Value Background - Toggle the value label background.
Chart color for marker - Enable to use the chart color for markers.
Include on Auto Center - Include this series in auto centering. It is enabled by default.
Option Volume Indicator View
Example - How to Use Option Volume
Option Volume helps you understand which side of the options market is more active at any given time. Here are some practical ways to use it:
Reading the Bars
Green bars = Call volume
Purple bars = Put volume
The taller the bar, the more activity on that side
Practical Uses
Identifying directional bias - When call volume is consistently higher than put volume throughout the session, it suggests more bullish activity in the options market. When put volume dominates, it suggests more bearish activity
Spotting volume spikes - A sudden spike in call or put volume can signal that large participants are entering positions. When this happens near a key GEX level it adds confluence to that level
Comparing call vs put activity - Use the stacked bar view to quickly see at a glance which side is dominating. A balanced view suggests the market is in a neutral state. A clear dominance of one side suggests directional pressure
Filtering by expiration - Use the 0 DTE filter to focus only on same day options activity which has the most immediate impact on price movement
Note: Option Volume gives you a broad view of market participation. Always combine it with your GEX levels, footprint and DOM for a complete picture before making any trading decisions.
Still Having Trouble?
Our support team is available 24/7 and ready to help you with any issue you encounter.
When reaching out, please include:
A screenshot of the issue
A brief description of what you were trying to do
Support Ticket (Fastest Response) - Visit www.deepcharts.com and create a support ticket directly on our website.
Email Support - Reach us at support@deepcharts.com - please note that email responses may take a little longer than a support ticket.
