01 / Overview
Key Features
→ Acknowledgment RequiredsX Options Chain has a guide that must be acknowledged before it displays. Check the acknowledgment in [ℹ️ GUIDE - READ FIRST] and then disable Show Guide to save screen space.
9-Strike Live Chain
Shows up to 9 strikes of live call and put data side by side, centered on ATM. No broker tab switching.
Score Mode
0–10 composite score per strike based on 5 technical conditions from sXMTF Trends. Instantly rank strikes by technical quality.
Expiry Presets
0DTE, 1DTE, Next Fri, 2x Fri, Monthly, or Manual date. One click to switch expiration windows.
IV Anchor
Advanced IV anchoring from a reference strike. Overrides Manual IV % for more accurate pricing across the chain.
STRAT Signal Column
Shows the current STRAT candle signal (2U, 2D, 1, 3, F2D, F2U) for each strike's underlying price relationship.
Price Filter
Filter strikes by minimum and maximum option price. Quickly find affordable contracts in a specific premium range.
Volume & Theta
Optional columns for volume and theta decay. Toggle independently to manage table width.
OTM Range Mode
Shifts the strike window to show only OTM strikes when running Calls Only or Puts Only mode.
02 / Concept
How It Works
01
Fetch the Option Chain
The indicator constructs TradingView option ticker strings for each strike in the window and fetches live bid, ask, delta, theta, and volume data for each.
02
Calculate IV
If IV Anchor is disabled, Manual IV % is used for all delta and theta calculations. If IV Anchor is enabled, IV is derived from a reference strike's live price using the bisection method — same as sX Options Analyzer.
03
Score Mode Calculation
Each strike is scored 0–10 across 5 conditions from sXMTF Trends: TFC alignment, sXc EMA cross, Lorentzian kernel direction, ATR-based momentum, and price vs key level. Higher score = more conditions aligned with the trade direction.
04
Center the Strike Window
When Auto is ON, the chain centers automatically on the nearest listed strike to ATM. Center ± field becomes an offset. When Auto is OFF, Center ± is the exact center strike.
05
Price Filter
When min/max price is configured, strikes outside the range are dimmed or hidden. Useful for scanning affordable contracts without manually reading every row.
03 / Reference
Settings
⚡ Chain Setup
| Setting | Default | Range | Description |
|---|---|---|---|
| Expiry | Manual | Manual/0DTE/1DTE/Next Fri/2x Fri/Monthly | Expiration preset. Manual uses the calendar picker. |
| Center ± | 0.0 | Any | Auto ON: offset from ATM. Auto OFF: exact center strike. |
| Auto Center | ON | ON / OFF | Auto-snaps center to the nearest listed strike. |
| IV % | 50.0 | 1+ | Implied volatility for BS delta, theta, and price estimates. Overridden by IV Anchor. |
| Strikes | 9 | 2–9 | Number of strike rows shown. |
| Side | Both | Both / Calls Only / Puts Only | Both shows calls and puts side by side. Single-side for a compact view. |
| OTM Range | OFF | ON / OFF | Shifts the window to OTM-only strikes when Calls Only or Puts Only is selected. |
| Vol | ON | ON / OFF | Toggle volume columns on/off. |
| Θ Theta | OFF | ON / OFF | Toggle theta decay columns on/off. |
Chain Display
| Setting | Default | Range | Description |
|---|---|---|---|
| Show ATM Label | ON | ON / OFF | Highlights the ATM strike row. |
| Show Column Headers | ON | ON / OFF | Shows the header row with column labels. |
| Compact Mode | OFF | ON / OFF | Reduces column width for smaller chart panels. |
⚡ Score Mode
| Setting | Default | Range | Description |
|---|---|---|---|
| Enable Score Mode | OFF | ON / OFF | Replaces the standard chain view with a 0–10 scoring display per strike. |
| Score Direction | Calls | Calls / Puts | Which direction the scoring conditions are evaluated for. |
🎯 IV Anchor
| Setting | Default | Range | Description |
|---|---|---|---|
| Enable IV Anchor | OFF | ON / OFF | Uses a reference strike's live price to calculate a more accurate IV for the chain. |
| Anchor Strike Offset | 0 | Any | Offset from ATM for the reference strike. 0 = ATM. |
| Anchor Option Type | Calls | Calls / Puts | Which side to use for IV anchor calculation. |
📐 Strat Signal
| Setting | Default | Range | Description |
|---|---|---|---|
| Show STRAT Signal | OFF | ON / OFF | Adds a STRAT pattern signal column (2U, 2D, 1, 3, F2D, F2U) to the chain. |
🔍 Price Filter
| Setting | Default | Range | Description |
|---|---|---|---|
| Min Option Price | 0.00 | Any | Dims or hides strikes with a premium below this value. |
| Max Option Price | 0.00 | Any | Dims or hides strikes with a premium above this value. Set 0 to disable. |
04 / Reading
Reading the Chain
Column Reference (Both Mode)
| Setting | Default | Range | Description |
|---|---|---|---|
| Strike | Center column. The strike price. | ||
| ∆ (Delta) | Call delta on the left, put delta on the right. 0.50 = ATM. Higher = more ITM. | ||
| Price ($) | Mid-price of the bid/ask spread. This is what you pay. | ||
| Vol | Volume traded today. Low volume = wide spreads = avoid. | ||
| Θ (Theta) | Daily theta decay. How much the option loses per day from time decay. | ||
| Score (Score Mode) | 0–10 composite score. 8–10 = strong alignment. 0–3 = weak or opposing conditions. |
05 / Best Practices
Pro Tips
Target Delta 0.30–0.50 for Most Trades
Below 0.30 = too far OTM, high risk of expiring worthless. Above 0.65 = deep ITM, expensive, less leverage. The 0.30–0.50 range balances cost and movement.
Always Check Volume
Low volume means wide bid/ask spreads. You lose money on entry and exit before the stock moves at all. If volume shows '—' or under 100, pick the next strike.
Use Score Mode Before Picking a Strike
Enable Score Mode after you have confirmed a trade direction. Strikes scoring 7+ have the most technical conditions aligned. Start your selection from the highest-scored strikes.
Price Filter for Budget Trading
Set Max Option Price to your per-contract budget (e.g. $1.50). The chain instantly highlights which strikes fit. No more manually scanning every row.
0DTE Chain for Scalping
Set Expiry to 0DTE. Enable Calls Only or Puts Only to halve the table width. Focus on 3–4 strikes around ATM. Use Score Mode to rank them. Decide in seconds.
IV Anchor for Accuracy
If Auto-Fetch is failing to resolve your ticker, enable IV Anchor on the ATM call. The bisection method derives IV from the live ATM price and applies it across the chain for much more accurate delta/theta estimates.
06 / Use Cases
Who Uses This
| Setting | 0DTE Scalper | Swing Trader | Premium Seller |
|---|---|---|---|
| Expiry | 0DTE | Next Fri / 2x Fri | Monthly |
| Side | Calls Only / Puts Only | Both | Both |
| Strikes | 5 | 7 | 9 |
| Score Mode | ON | OFF | ON |
| Delta Target | 0.40–0.55 | 0.30–0.45 | 0.25–0.35 (sell) |
| Price Filter | Max $2.00 | Max $3.00 | Min $0.50 |
| Show Theta | ON | ON | ON (key metric) |
→ sXSuite IntegrationsX Options Chain is the contract selection step. After sXRadar finds the signal, sXMTF Trends confirms the direction, and sX SBox maps the trade, open the Chain to pick your strike. Once you have a contract, hand it to sX Options Analyzer to plan your full exit with TP/SL levels on the chart.