Premium by strike with open interest
This view stacks intraday net options premium by strike above call and put open interest at the same strikes. It answers whether today's activity is landing on strikes that already carry positions or on strikes that were quiet until now, and it keeps the two measurement windows visually separate because they run on different clocks.
- Research question
- Where does fresh premium meet existing positioning?
- Best used for
- Comparing intraday activity with published open interest
- Data timing
- Near-real-time Pro; 15-minute delayed trial
- Product access
- Included in the single $29/month plan
What the premium by strike with open interest shows
The paired view prevents two common mistakes: treating a large premium print as meaningful without checking the chain, and treating large open interest as new activity when it may have accumulated over many sessions.
Read the supporting context
The screenshot above is from the working product, not a mockup. The visible controls and fields are the same ones trial and Pro users research with; only the market-data timing changes between the two access levels.
- Net premium heatmap grouped by strike.
- Call open interest and put open interest shown separately.
- Underlying price relative to the active strike range.
- Selected ticker and expiry context.
How to read this dashboard
Read the dashboard as one step in a sequence. Record what it directly shows first, then use the next view to test the interpretation rather than turning a color or ranking into a conclusion.
- Locate strikes with both meaningful premium and meaningful open interest.
- Separate call and put open interest before using a combined total.
- Remember that today's volume is intraday while open interest is the latest published snapshot.
- Check the next session's open-interest change before describing activity as a new position.
What this view cannot establish
Open interest is neither real-time nor inherently bullish or bearish. It counts outstanding contracts after opening and closing transactions are paired by the clearing process, and each open contract has both a long and a short side.
Read the supporting context
Realtime Options organises observed and derived market data for independent research. Read each view with its stated method, assumptions and surrounding context.
Common questions
What is open interest in options?
Open interest is the number of outstanding contracts in an option series that have not been closed or exercised. OCC calculates it after clearing opening and closing activity.
Is options open interest updated in real time?
No. Open interest is published after the clearing process, so intraday dashboards use the latest available daily figure.
Does high call open interest mean bullish positioning?
No. Every open call has a buyer and seller, and open interest alone does not reveal which side is directional or whether the contract is part of a spread or hedge.