Strike Ladder Heatmap
Dealer GEX, DEX, vanna, charm, vega, open interest or position as a strike ladder around spot, for up to four tickers side by side. It shows at a glance which strike dominates the book.
HEATMAPHMCrypto options (BTC, ETH, SOL, HYPE) and US options, including SPX, SPY, QQQ and single stocks.
Typing it
HEATMAPSymbolMetricmode=sign=>HEATMAPSPX vanna
Opens the SPX vanna ladder, strikes around spot, with the peak strike in gold.
What you see
- Rows. Strikes, highest on top. The boxed strike is the one nearest spot.
- Colour. Teal positive, violet negative, gold the peak strike. The gear changes the palette.
- Tags. The gamma flip and the call and put walls are marked on the ladder.
What to look for
- Which strike dominates around spot, and how far away it is.
- In LADDER mode, whether SPX, SPY and QQQ agree on where the walls are.
- In GRID mode, which expiry carries the weight at a strike.
Settings
- Metric
- gex, dex, vanna, charm, vega, oi or pos. Default gex.
- mode=
- ladder compares up to four tickers side by side. grid splits one ticker by expiry, with a total column.
- sign=
- flow or std, the same two sign models as GEX.
- EXPIRY / STRIKES
- In the panel: which expiries count, and how wide each strike bucket is.
Also on the chart
The same data can sit on the price chart. Press / on the chart and search for:
Pairs well with
Questions
How is HEATMAP different from GEX?
GEX draws one profile as bars. HEATMAP shows the same positioning as a coloured ladder, lets you switch metric, and puts up to four tickers next to each other.
Can I compare tickers?
Yes. LADDER mode holds up to four tickers side by side, and PRESETS loads a ready-made set.