Frequently Asked Questions
What makes "Topo" different?
We don't just show you the option chain; we show you the dealer's exposure. Topo calculates the net Gamma Exposure (GEX) across all strikes to visualize where Market Makers are trapped and forced to hedge.
Is the data real-time?
Navigator & Explorer: Yes, data is streamed directly from the exchange feed with
zero latency.
Scout (Free): Data is delayed by 15 minutes to comply with exchange regulations.
How is Netdrift calculated?
Netdrift aggregates the delta-weighted gamma shifts across the entire option chain, adjusted for volume flow. It's a proprietary metric designed to catch the "drift" of sentiment before price reacts.
What is "Max Pain"?
Max Pain is the strike price with the most open option contracts (puts and calls). The theory suggests the stock price will gravitate toward this price by expiration, causing the maximum number of options to expire worthless.