Option Profile displays a visual profile of options activity directly on your chart, showing where the most call and put volume or gamma volume is concentrated across different strike prices. Think of it like a volume profile but for options. It helps you identify the key call and put walls where significant options positioning exists, giving you a structural view of where the market may find support or resistance.

Note: Option Profile is available on NDX, QQQ, SPY, and SPX.

How to Add Option Profile

1. Open an NDX, QQQ, SPX or SPY chart in DeepGamma Web

2. Click Indicators in the Menu Bar

3. Click the green Add indicator button at the bottom of the panel

4. Open the Options tab and search for Option Profile

5. The indicator is added to your chart and appears in the Indicators panel

6. Click the gear icon next to Option Profile to open its settings

   

You can also turn it on or off from Gamma Profile or Call / Put Profile in the Settings quick bar. Both add Option Profile, each with a different data source: Gamma Profile uses Gamma (call - put) and Call / Put Profile uses Call / put ∑. The gear icon next to each toggle opens the same settings.

Understanding the Profile

The Option Profile displays two sides:

• Green bars (left side) - Call side activity at each strike, based on your selected data source. A large concentration of green bars at a strike indicates a significant call wall, an area where price may face resistance as it moves up

• Purple bars (right side) - Put side activity at each strike, based on your selected data source. A large concentration of purple bars at a strike indicates a significant put wall, an area where price may find support as it moves down

  

The values shown depend on which data source you have selected, ranging from raw contract volume to gamma-weighted exposure to end of day open interest. See the Data Source setting below for details on each option.

Understanding Key Terms

Before choosing a data source, it helps to understand a few core options concepts:

• Call - An option that gives the buyer the right to buy the underlying at a set price. Traders buy calls when they expect price to go up

• Put - An option that gives the buyer the right to sell the underlying at a set price. Traders buy puts when they expect price to go down

• Gamma - A measure of how much an option’s delta changes as price moves. High gamma means dealers need to hedge more aggressively as price approaches a strike, which is why gamma concentrations often act as support or resistance

• GEX (Gamma Exposure) - An estimate of the gamma exposure dealers are carrying at a given strike, combining volume with the gamma greek to show where dealer hedging pressure is likely to be strongest

• OI (Open Interest) - The total number of option contracts currently open and not yet closed or expired

• EOD (End of Day) - Data based on the official open interest figures published at the close of the previous trading session, rather than live intraday activity

Settings

The settings window is organized into sections. Scroll down to see them all. After making changes, click Apply to update the chart.

General

• Data Source - Choose how the profile is calculated. Options available:

  • Gamma (call - put) (default) - Calculates the profile as net gamma exposure, showing call gamma minus put gamma at each strike, using the standard assumption that market makers are long calls and short puts.
    Use this when : you want a gamma-weighted read on positioning and market regime, similar to what you would use to read Option Envelopes

    
    

  • Call / put ∑ - Displays raw call and put options volume at each strike, showing where the most contracts are concentrated.
    Use this when : you want a simple read on where the most contracts are trading, regardless of gamma weighting

    
    

  • Call ∑ - put ∑ - Displays the net difference between call and put volume at each strike.
    Use this when : you want to spot directional skew in raw contract activity, without factoring in gamma

    
    

  • Call / put OI (eod) - Displays the profile based on end of day open interest data for calls and puts.
    Use this when : you want a structural view of standing positions from the previous session’s close, rather than live intraday trading activity

    
    

  • Gamma (call OI-E - put OI-E) - Calculates the profile based on the difference between call and put end of day open interest, multiplied by the gamma greek. This gives a gamma-weighted read on standing positions rather than live volume.
    Use this when : you want a gamma-weighted view of dealer exposure based on standing open interest instead of current session trading activity

    
    

• Expiration - Filter the profile by expiration. Options available: Default, 0 DTE, <= 1d, <= 7d, <= 31d, <= 91d, All expirations

Note: When Expiration is set to Default, it uses the expiration selected under Expirations in the Settings quick bar.

• Include Carry or Open interest - When enabled, includes open interest carried over from previous sessions in the calculation, giving you a broader view of total positioning. When disabled, only current session data is considered. Default is enabled

• Stack profile (if possible) - When enabled, the call and put profiles are stacked together side by side for a combined view. When disabled, the call and put profiles are displayed separately. Default is disabled

• Number of Strikes (0 - unlimited) - Sets how many strikes out from the current price to include in the profile. A value of 0 includes an unlimited number of strikes. Default is 0

  

Stack Profile Example

Colors

• Call / Positive - Set the color for the call side. Default is green

• Put / Negative - Set the color for the put side. Default is purple

• Disputed highlight - When enabled, highlights strikes where the data is disputed or overlapping between call and put activity. Default is disabled

• Disputed Call / Positive - Set the highlight color for disputed strikes on the call side. Default is dark green

• Disputed Put / Negative - Set the highlight color for disputed strikes on the put side. Default is light purple

Text

• Enabled - Show or hide text labels on the profile. Default is disabled

• Text size - Set the font size for the text labels. Default is 11

• Call / Positive color - Set the text color for call side labels. Default is light gray-blue

• Put / Negative color - Set the text color for put side labels. Default is light gray-blue

Width / Offset

• Width Type - Choose how the profile width is calculated. Options available:

  • Automatic (default) - DeepGamma automatically sets the profile width based on the current chart view

  • Percentual period - Sets the width as a percentage of the visible chart period

  • Window width - Sets the width based on the current visible window

  • Fixed bars - Sets a fixed number of bars for the profile width

• Current Width - Set the width of the current session profile. Default is 10

• Current Offset - Set the horizontal offset of the current session profile. Default is 0

• Previous Width - Set the width of previous session profiles. Default is 15

• Previous Offset - Set the horizontal offset of previous session profiles. Default is 0

  

Visual Appearance

• Number Of Profile - Set how many session profiles are displayed on the chart. Default is 5

• Opacity - Set the opacity of the profile bars. Default is 90

• Border Width - Set the border width of the profile bars. Default is 1

• Show Above Bars - When enabled, the profile is displayed on top of the price bars. Default is disabled

• Visual Style - Choose between Solid or Hollow profile bars. Default is Solid

• Align to the right - When enabled, aligns the profile to the right side of the chart. Default is disabled

• Always Visible - When enabled, keeps the profile visible even when scrolling outside its range. Default is disabled

Sizing

The Sizing section controls how multiple profile values are displayed when overlapping them on the same chart. It lets you stack call, put, or gamma data side by side to save space rather than adding separate profile instances.

• Strike Ticks Height (%) - Set the height of each strike’s bar as a percentage, controlling how thick or thin the individual strike ticks appear on the profile. Default is 75

• Number of rows - Set how many rows of strike data are displayed when overlapping multiple profile values. Default is 1

• Position - Set which row position this profile value occupies when multiple values are stacked. Default is 1

• Size - Set the relative size of this profile value’s row when multiple values are stacked. Default is 1

  

Peak positive

• Enable - Show or hide the positive peak highlight. Default is disabled

• Highlight - When enabled, highlights the bar with the highest call concentration on the profile. Default is disabled

• Highlight Color - Set the highlight color. Default is dark green

• Show Line - When enabled, draws a horizontal line at the peak call level. Default is enabled

• Line Color - Set the line color. Default is green

• Line Width - Set the line width. Default is 1

• Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

Peak negative

• Enable - Show or hide the negative peak highlight. Default is disabled

• Highlight - When enabled, highlights the bar with the highest put concentration on the profile. Default is disabled

• Highlight Color - Set the highlight color. Default is purple

• Show Line - When enabled, draws a horizontal line at the peak put level. Default is enabled

• Line Color - Set the line color. Default is light purple

• Line Width - Set the line width. Default is 1

• Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

  

The Rolling sections show how the profile looked at specific time intervals ago, plotted as lines on the current profile. This helps you see how the options positioning has shifted over time during the session. For example, you can compare where the call and put walls were 30 minutes ago versus where they are now.

Rolling M1

• Enable - Show or hide the 1 minute rolling value. Default is disabled

• Line Width - Set the line width. Default is 1

• Line style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot

• Line color - Set the color for this rolling value. Default is gray

• Flip only - When enabled, only plots this rolling value when a gamma flip has occurred between the rolling snapshot and the current profile, based on the Rolling condition thresholds below. Default is disabled

Rolling M5

• Enable - Show or hide the 5 minute rolling value. Default is disabled

• Line Width - Set the line width. Default is 1

• Line style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot

• Line color - Set the color for this rolling value. Default is gray

• Flip only - When enabled, only plots this rolling value when a gamma flip has occurred between the rolling snapshot and the current profile, based on the Rolling condition thresholds below. Default is disabled

Rolling M15

• Enable - Show or hide the 15 minute rolling value. Default is disabled

• Line Width - Set the line width. Default is 1

• Line style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

• Line color - Set the color for this rolling value. Default is gray

• Flip only - When enabled, only plots this rolling value when a gamma flip has occurred between the rolling snapshot and the current profile, based on the Rolling condition thresholds below. Default is disabled

Rolling M30

• Enable - Show or hide the 30 minute rolling value. Default is disabled

• Line Width - Set the line width. Default is 1

• Line style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Solid

• Line color - Set the color for this rolling value. Default is gray

• Flip only - When enabled, only plots this rolling value when a gamma flip has occurred between the rolling snapshot and the current profile, based on the Rolling condition thresholds below. Default is disabled

Rolling condition

These settings define what counts as a gamma flip for the Flip only toggles above.

• Min. % Difference - Set the minimum percentage difference between the rolling snapshot and the current profile required to count as a flip. Default is 20

• Min. % of max value - Set the minimum percentage of the profile’s maximum value a strike must reach to be considered in the flip condition. Default is 20

  

Summary

The Summary section displays a running total of the current profile values directly on the chart, based on your selected Data Source. It shows the net, call, and put totals so you can read the overall positioning at a glance without scanning the full profile.

• Enable Summary - Show or hide the summary totals on the chart. Default is disabled

• Text Color - Set the color for the summary text. Default is white

• Positive Color - Set the color for positive (net or call) values. Default is green

• Negative Color - Set the color for negative (put) values. Default is red

• Text size - Set the font size for the summary text. Default is 12

The summary shows three values:

• Net - The combined call and put value for the profile, shown in green if positive

• Call - The total call side value based on the selected data source, for example GEX (Vol)

• Put - The total put side value based on the selected data source, shown as a negative number

  

Strike grid (vertical only)

When the profile is set to a vertical chart area, this section lets you overlay a horizontal grid line at each strike price for easier visual alignment between the profile and the price axis.

• Enable - Show or hide the strike grid lines. Default is disabled

• Line color - Set the color of the grid lines

• Line width - Set the thickness of the grid lines. Default is 1

• Line style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot

• Price centered - When enabled, centers the grid lines on the price axis rather than offsetting them. Default is enabled

  

Example - How to Use Option Profile

Looking at the chart, the Option Profile appears as a vertical panel on the right side of your chart by default. Here is a simple way to read it:

• The largest green bar on the profile shows the strike with the most call activity. As price approaches this level from below, dealer hedging around this concentration can create selling pressure, though the actual reaction depends on the broader gamma regime and how price is approaching

• The largest purple bar on the profile shows the strike with the most put activity. As price approaches this level from above, dealer hedging around this concentration can create buying pressure, though this also depends on context rather than being a fixed rule

• When price is trading between the two, it is often in a more balanced zone, but watch how price actually reacts near each level rather than assuming a fixed outcome

• Use the Peak lines (dashed green and purple horizontal lines) as quick reference levels without having to read the full profile

  

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