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Monitor how market participants are positioning across strikes and expirations using comprehensive volume and open interest analytics. Detect meaningful changes in activity, compare historical positioning, and uncover unusual trading behaviour that may highlight emerging opportunities or shifting market sentiment.

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Volume is the sheer number of contracts that trade in a given strike during a given time period, usually 1 trading session. However, volume can be viewed over longer time periods to give a trader a broader overview of which strikes are the most active. Volume is a good indicator of where interest lies in a given product. For example, if we see heavy Volume in the 1 month 25 delta Put in XYZ then we can garner some information from that. We know that the market participants are either expecting a good selloff in XYZ or they are giving up on that trade and liquidating that position. The Volume report alone does not tell you which of these is true, but the Open interest report does. If OI increases in said XYZ, 1 month, 25 delta Puts, we know that traders are initiating a new position and putting on new risk. The opposite can be said if OI decreases, they are exiting their position and risk. It is important to follow the direction of these trades to determine whether traders are buying or selling these strikes to get a full picture.

What is Volume/Open Interest?

In a nutshell, Volume tells us which strikes the market participants have interest in trading and OI tells us whether their interest is to add to their position or exit their position. Again, traders need to follow the market closely to gather that last piece of information…direction. Watching the Volume/OI reports closely can help a trader see where option traders are targeting for moves in the underlying, when traders are giving up on said positions, and where the gamma lies. Seeing how the market end users are positioned is very important, but not nearly as important as how the “crowd” is positioned. The market making community is affectionately known as the “crowd”. The crowd is made up of many market makers from a wide variety of firms with very similar risk profiles as they all take pieces of the same customer trades, but they have vastly different risk parameters. Knowing how the crowd is postioned is paramount as the crowd is generally not capitalized in the same way that banks and hedge funds are. In order to keep trading, market makers need to keep their positions hedged to keep margin costs down. This means they need they will inevitably pin their long positions and race through their shorts as they try to hedge their gamma or outright liquidate the option position.

What does Volume / Interest tell us?

Leviathan separates itself by really digging deep on the Open interest part. A trader can not only watch OI changes on a day to day basis. This would drive someone mad and he would need a computer for a mind to remember it all. Wouldn't it be more valuable to look at the OI change over the past week, month, or 3 months? Of course it would, the picture is so much clearer as to what traders are doing over a longer time frame. One thing will always remain constant in trading. As new information comes in, traders will adjust their views. As they adjust their views, they will adjust their positions. Leviathan's VOI helps you follow these position adjustments over longer time frames and also keep up as to where the weak hands of the crowd lie.

How Can Leviathan Help?

Key Capabilities

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watchlist

Watchlist is a luxury Leviathan offers to its traders to give easy access to trades that a member is interested in. These trades can be built in Leviathan’s Structure Page and save to a Watch List for future 1-click access or to just glance at the current Theo, change in theo since settles, and current delta of the structure.

What is Leviathan’s Watchlist?

Having a viewable Watch List allows a trader to easily view all of your positions or potential trades in one space. Rather than building each strategy every time you wish to view the value, save them in your watch list to see the core values of theo and delta. If you wish to do a deeper dive into one of the strategies saved in the Watch list, simply click on it. The strategy will show up in your Structure Table and you can look at historical charts and heat maps from there. Nice and simple.

How does having a Watchlist help?

Watch List is not an advanced mathematical too like much of the Leviathan Suite of tools. Watch List is valuable nonetheless. Having all of your positions, or potential positions, in one place to view changes in value can be an incredibly valuable tool. It also saves a tremendous amount of time and that is a luxury most traders do not have. Watch List flows seamlessly into Leviathans other tools for an easy, time saving solution.

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How can Leviathan’s Watchlist help a trader?

Watch List is not an advanced mathematical too like much of the Leviathan Suite of tools. Watch List is valuable nonetheless. Having all of 

Watchlist

<p>Monitor how market participants are positioning across strikes and expirations using comprehensive volume and open interest analytics. Detect meaningful changes in activity, compare historical positioning, and uncover unusual trading behaviour that may highlight emerging opportunities or shifting market sentiment.</p>

Flow & Positioning

Construct, modify and analyse virtually any options strategy within a single professional workspace. Build complex multi-leg positions in seconds while immediately viewing capital requirements, payoff characteristics, Greeks and risk metrics before execution.

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backtester.0500f79e

With Leviathan subscription you will receive daily reports direct to your inbox directly from our expert managers who collectively have over 100 years of successful option trading experience. In our streaming service we will be broadcasting directly from the Trading Floor where you will get the latest news and reports on intraday moves and discussions on the trading topics of the day.

Leviathan's team believe in honesty and transparency and wanted to create a system that would allow the common trader the same advantages offered to the heavyweights at the banks and other trading houses that have artificial intelligence built into their systems. Our objective is to level the playing field.

How easy is it to enter option strategies?

There are multiple websites that will show you option basics but none that will give you direct access to experts, that will teach you in the same way that the professionals are taught but in a fun and simple way where you can feel more confident in the way the option world works. This is the only trading course you will ever need. You will also have access to our option tutorial library with lessons for beginners through to expert level traders. For members there will also be webinars and trading discussions.

In our courses you will learn how options can work for you and instead of being high risk, can be used to create lower risk strategies with less risk than buying outright stock but with just as high a return. You will learn all you need to know about option trading, market metrics, strategy and position management and how to take advantage of the Leviathan systems. You will learn about different strategies that can not only help you make the returns you keep reading about but also protect you from having to post loss memes on WSB or protect your profits once you’ve made them.

How does the structure panel help a trader?

Construct, modify and analyse virtually any options strategy within a single professional workspace. Build complex multi-leg positions in se

Strategy Builder

help

Contracts** = Select/De-select the contracts you wish to view

**Request Mode **= Select how you would like to see the data. Volume, Open Interest, or Paper Position

**Option Type** = Select Call, Put, or both combine to view strike positioning.

**Strike Range **= Sometimes too much data makes the table noisy. See only what you are interested in seeing.

**Select Comparing Dates** = Check this box to s

Volume / Open Interest

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MORNING MINUTE JUNE 20th

The Volume and Open Interest page (Vol/OI) is a very useful tool in analyzing where Open Interest is targeting, whether it is adding or decr

Volume & Open Interest

Stocks have returned from the long weekend in the red tracking European peers while there have been several key US earnings updates with bot

Flow & Positioning

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