What is Cheddar Flow?
Cheddar Flow is a market data and analysis platform centered on options order flow. It tracks activity such as intermarket sweep orders and provides contract information including bid-ask spreads, volume, implied volatility, and open interest. The product also offers dark-pool data, gamma exposure views, and Power Alerts that flag unusual options activity. These tools organize observations for further research; a large transaction alone does not reveal the complete strategy behind it.
Investigate the contract behind an alert
An alert is more useful when examined alongside the underlying contract and market conditions. Cheddar Flow's order details and historical views let a user look beyond a headline-sized trade. Consider the strike, expiry, spread, volume, and open interest together. A transaction may be one part of a hedge or multi-leg position, so a bullish or bearish interpretation needs more evidence than size alone.
Keep data views in context
Dark-pool filters and gamma exposure views provide additional ways to study activity and price levels. They answer different questions from the options tape and should be interpreted accordingly. Before relying on a view, understand its coverage, timing, and calculation method. The official site states that its analysis is reference information, which is consistent with treating the platform as an input to research rather than an instruction to trade.
Features to explore
- Options order-flow tracking
- Detailed contract analytics
- Dark-pool data and filters
- Gamma exposure and Power Alerts
Who is Cheddar Flow for?
Intended for users who already understand options mechanics and want to examine transaction data within an established research process, rather than relying on alerts to supply a complete trade thesis or risk framework.
Before you get started
Verify data coverage and timing, and do not infer a trader's intent from a print alone. Alerts and historical activity do not establish future returns; options positions can lose value rapidly.
This introduction is independently written from public product information. It is not a hands-on review. Features and plans may change; confirm current details with the provider.
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