Options Flow Analyzer

Analyze options chain data with real vs lottery call separation — the key insight that prevents P/C ratio misinterpretation. Uses Polygon.io API.

When to Use

Use when raw put/call ratios appear bullish or bearish but may be distorted by cheap deep OTM contracts.
Use when comparing options flow across watchlists, holdings, sectors, or event-driven names.
Use when you need to separate institutional hedging from speculative lottery-ticket activity.
Use when tracking options anomalies against a recent baseline.

What it does

Standard P/C ratio analysis is misleading. A P/C of 0.35 looks "extremely bullish" but may be 84% lottery calls ($0.01-$0.09 OTM options).

This skill separates:

Real calls: Strike price within 5% of stock price, meaningful premium
Lottery calls: Deep OTM, cheap premium, speculative bets
Real puts: Actual hedging activity
Lottery puts: Cheap downside bets

Analysis Output

For each ticker:

Real P/C ratio (excludes lottery noise)
Lottery percentage (what % of volume is speculation)
Per-expiry breakdown (weekly vs monthly vs LEAPS)
Anomaly detection: P/C shifts >0.3, Call OI surges >30%, IV spikes >20%
Sentiment classification: Bullish/Bearish/Neutral with confidence

Example Output

Options Flow Summary — 2026-05-13

HOLDINGS:
CEG  $299.69 | Raw P/C: 1.06 | Lottery: 61% | Adj P/C: 2.72  BEARISH (was neutral raw)
IREN $55.15  | Raw P/C: 0.83 | Lottery: 34% | Adj P/C: 0.55  BULLISH
KTOS $56.99  | Raw P/C: 0.53 | Lottery: 28% | Adj P/C: 0.38  EXTREME BULLISH
RXRX $3.26   | Raw P/C: 0.38 | Lottery: 84% | Adj P/C: 2.37  BEARISH (was extreme bullish raw)

SECTORS:
XLI  | Raw P/C: 5.32 | Lottery:  8% | Adj P/C: 4.89  INSTITUTIONAL HEDGE

ANOMALIES:
XLI: P/C 5.32 vs 30-day baseline 0.87 — 4.5 std deviations above normal
RXRX: 84% lottery calls — raw P/C signal completely inverted after filtering

Configuration

Analyze options flow for my watchlist:
Holdings: CEG, IREN, KTOS, RXRX, TEM
Sectors: SPY, QQQ, XLI, XLK
Separate real vs lottery calls (threshold: premium < $0.10, delta < 0.05).
Flag anomalies vs 30-day baseline.

Requirements

Polygon.io API key (free tier covers basic data; paid tier for full chain)
WebSearch for cross-verification

Limitations

Options data can be delayed, incomplete, or unavailable depending on the Polygon.io plan.
Heuristics such as premium and delta thresholds need adjustment for ticker price, volatility, and expiry.
Sentiment classifications are analytical signals, not financial advice or trade recommendations.
Always cross-check unusual flow against price action, news catalysts, liquidity, and risk controls.

Key Discovery

This real/lottery separation was discovered during live portfolio management when RXRX showed P/C 0.35 (looks extremely bullish) but was actually 84% lottery calls at $0.01-$0.09. The "bullish signal" was noise. This skill prevents that mistake.

Pricing

Free: Basic P/C ratio for 3 tickers Full bundle — $29 one-time: Real/lottery separation + anomaly detection + per-expiry + unlimited tickers → https://jaehyunpark.gumroad.com/l/tcyahy

Author

Built from a real trading mistake that cost money. The real/lottery discovery is documented and battle-tested across 17 tickers over 2+ months.

Options Flow Analyzer