Advanced Chart for Option Sellers: Premium, GEX & Expected Move

Who this is for

Advanced Chart is built for option sellers — covered-call writers, cash-secured-put sellers, and wheel traders who need to compare credit, cushion, and dealer context without bouncing between the screener, heatmap, and a separate chart.

Open any ticker → Advanced Chart (/stock/{symbol}/advanced-charts-light). A first-visit How to use tour walks through the seller workflow; reopen it anytime from the chart footer.

What you see on the canvas

Layers toggle independently in the footer. Your choices persist in the browser.

Options grid — pick your credit

1. Turn on Options in the footer.
2. Choose CC if you sell covered calls, CSP if you sell cash-secured puts.
3. Each cell is one strike × expiration. Color follows delta (greener = farther OTM).
4. Zoom in to read labels — they appear progressively: premium → delta → strike → expiry as the cell gets larger.
5. When earnings is within 7 days, the nearest expiry column highlights amber (header + soft wash) — same cue as Options Heatmap.

Why sellers use it

• Compare expirations — see whether the weekly or monthly pays enough for the delta you accept.
• Anchor to price — the grid sits on the same y-axis as spot, so “how far OTM” is visual, not mental math.
• Spot earnings risk — amber columns flag the expiry that sits on or nearest the next report.
• Pre-screener scan — shortlist strikes on-chart, then refine in the CC or CSP screener.

Expected move — cushion check

Toggle EM to draw the IV-implied upper and lower bounds forward from spot.

• Covered calls: many sellers prefer strikes above the upper cone for the target expiry.
• CSPs: many sellers prefer strikes below the lower cone for assignment entry with cushion.
• The cone recalculates with live spot — recheck after a sharp intraday move.

Pair EM with the premium grid: you can see both how much credit a strike pays and whether it sits inside or outside the implied range.

GEX — dealer positioning (optional)

Toggle GEX for violet (positive) and orange (negative) dealer gamma bands.

• Useful after you have a premium shortlist — sanity-check whether you are leaning into a known wall.
• CSP sellers often watch put-heavy zones below spot; CC sellers watch call walls above.
• With Options + GEX both on, each cell splits: GEX on top, premium on the bottom. Historical GEX fades on the left so the forward premium grid stays readable.
• Expiry headers show weekday + date + DTE and sit on the real calendar dates on the time axis.

GEX is educational context, not a buy/sell signal. For a full strike × expiry dealer map, see GEX Heatmap (Maxx) or free Strike GEX.

Recommended seller workflow

1. Open Advanced Chart on your ticker.
2. Enable Options (CC or CSP) → use scroll/pinch to zoom until premiums are readable (the default view stays near spot so labels fit).
3. Check for an amber expiry column if earnings is inside a week.
4. Turn on EM → confirm strikes sit outside the cone you want.
5. Optional: add GEX → check dealer bands on the same strikes.
6. Log the trade in Trade Tracker or pull the contract in the screener.

Chart controls

• Timeframes (5D, 1M, 6M, …) — default 6M balances history and forward grid.
• Line / Candle — line is default for overlay readability.
• Vol, SMA 50, SMA 200 — optional trend context under the price series.

Next steps

• Dense premium table: Options Heatmap on Stock Details.
• Dealer walls in depth: GEX Heatmap (Maxx).
• Filter live chains: Covered Call Screener · CSP Screener.