Institutional options analytics for MetaTrader 5.

The Summary module combines IV vs HV comparisons, IV Daily Range and Volatility Skew with clear color-coded alerts so you immediately see where option premium trades above its historical reality. Yellow cells flag expirations where IV trades above HV and above its own 30‑day averages, highlighting structurally overpriced premium rather than random spikes.

Once an opportunity is identified, the OI/Vol Stats view shows total call/put OI and volume, Top 15 OI and Top 15 Volume strikes and call/put balance per expiry, so you can anchor credit spreads and iron condors at liquid, well-supported strikes instead of thin, fragile areas. You end up selling premium where the market is both paying you sufficiently and providing enough depth to manage risk around those structures.

On-chart overlays project the purple Max Pain line as a natural magnet into expiration, the orange Zero Gamma Level as the boundary between muted and explosive volatility regimes, and real-time GEX zones as horizontal bands showing where dealer hedging pressure tends to dampen or amplify moves. Green regions highlight areas where dealers typically absorb volatility, while red bands mark structurally fragile zones where price can accelerate violently once entered.

This information is layered with intraday and weekly Volume Profiles: thick high-volume nodes act as stable support/resistance magnets, whereas thin low-volume corridors often produce fast price discovery when broken. Together, these overlays let you define precise entry zones, place profit targets at natural inflection points and set stops just beyond key GEX or profile boundaries instead of at arbitrary round numbers, aligning your execution with how risk is actually distributed in the market.

The OI/Vol Stats engine highlights expirations where call and put IV trade above their 30‑day averages and where open interest and volume concentrate in a tight cluster of strikes. The Max Pain calculator then quantifies the price level at which option holders lose the most and dealers lose the least, ranking strikes by pain value, net GEX, OI and volume shares and time to expiry.

As expiration approaches and liquidity thickens, price action tends to gravitate toward these high-pain, high-OI zones. StrikeWatch lets you frame short-premium structures around those levels, so that natural pin risk, dealer hedging flows and liquidity concentration work with your theta harvest instead of against it. At the same time, you can avoid placing aggressive directional bets directly into strong pin magnets where odds are structurally skewed toward mean reversion.

StrikeWatch exposes per-strike Greeks across the entire chain – Delta for directional sensitivity, Gamma for the rate of change of Delta, Theta for daily time decay and Vega for sensitivity to implied volatility – so you see the full risk profile of each strike and expiration at a glance. You can quickly identify which combinations of strikes and expiries produce the net Delta, Gamma, Theta and Vega profile that matches your thesis and risk tolerance.

For neutral, probability-focused structures you can target low Delta values around \(0.10\)–\(0.20\), keeping directional exposure small while harvesting Theta, whereas higher Delta around \(0.65\)–\(0.80\) suits conviction directional plays. By monitoring Gamma you avoid strikes where Delta flips too aggressively intraday, keeping re-hedging frequency and gap risk within your limits, while Vega targeting lets you align the portfolio’s volatility sensitivity with your view on upcoming catalysts and volatility regimes.