LEts go spy

ChillAF : How do you interpret this?

AkLi ChillAF: That's the options tape for SPY. Esentially, flow which tells a lot about market sentiment on the day.

What you are seeing here is a general concensus that the market is bullish due to the bullish options flow (green boxes) ratio to the bearish options flow (red boxes).

The heaviest weight of the tape are the top and bottom numbers (1 and 6 values). While the top and bottom are both green, the probability of the market continuing its bullish trajerctery is higher than not.

I am going to guess that the middle red boxes growing signal a possible sideways flow in the options chain. If the outter boxes turn red, it could mean that there might be a possible shift in the options flow, signaling a reversal in markets depending on volume.

That's just my interpretation. Looks like a good tool to try while watching the market.