Skip to content
Browse the docs

Whale Board

The biggest options trades of the session, ranked by premium instead of time. Read them against GEX to see whether the money went into strikes that were already walls.

WHALESWHALEBOARDBIGGESTLEADERBOARDBTC and ETH options only. The options tape carries no other coins.

WHALES command showing the leaderboard of the largest BTC options trades by premium with trade tags

Typing it

WHALESBTC|ETH
>WHALESETH
Ranks today's largest ETH options trades by premium.

What you see

  • Rows. Rank, time, venue, side, call or put, strike, expiry, size, IV, premium and tags. Click a row for the trade detail.
  • Header. A long-bias or short-bias chip from premium-weighted flow, and the count of block trades (BLK).
  • Tags. 0DTE, ATM, WHL, AGGR, PSV, BLK and LIQ, the same as TAPE.

What to look for

  • The top five rows: their side, type and strike tell you the session's largest orders.
  • AGGR on the top prints: the biggest players paid up for liquidity.
  • A board full of BLK: most big flow was negotiated, often hedges or rebalancing.

Controls on the WHALES panel

4H / 8H / TDY / 24H
The lookback. TDY (since 00:00 UTC) is the default.
Min size
$10K to $1M. Starts at $50K.
Side / type
BOTH, BUY or SELL, and BOTH, CALL or PUT.
Sort
PREMIUM (default), TIME, SIZE, IV or STRIKE.

Good to know

  • Refreshes every 60 seconds. The refresh button pulls the latest at once.

Also on the chart

The same data can sit on the price chart. Press / on the chart and search for:

Pairs well with

TAPESTRIKEMAGWWPREMFLOW

Questions

What does the WHL tag mean?

The trade premium is at or above the whale threshold, $100,000 by default.