Skip to main content
Time-bucketed customer signed Black-Scholes delta notional from the options tape (HIRO-style delta line), with cumulative net.
  • Coins: BTC, ETH
  • BS inputs use high-quality prints (Deribit for unit and IV consistency)
  • Distinct from dealer-flow (chain × price moves)
Positive net ≈ customer buy-side delta. Negative ≈ customer sell-side delta. For multi-venue premium quadrants (not delta), use tape imbalance with weight=flow.

See also

Tape imbalance

Dealer flow

Tape overview