Proprietary desks
You see the dealer positioning behind the index before you time an entry or size intraday risk. Optwise computes it from the option chain rather than inferring it from price action.
Dealer positioning · NIFTY · BANKNIFTY · SENSEX
Read the bookbehind the price.
Optwise prices the full NSE index option chain every sixty seconds. It computes the hedging that option dealers are mechanically forced to do, and it publishes the levels that hedging concentrates around. You see whether today's book absorbs moves or adds to them, and where the pressure sits.
Before you size a trade, you can see how option dealers are positioned. Optwise reads the full NSE index chain every sixty seconds and marks the strikes their hedging has to defend. You learn whether today's book absorbs moves or adds to them.
Built for proprietary desks and family offices that trade Indian index derivatives.
Runs during market hours · Typical reply within one trading session
60sRefresh cadence
3NSE indices
18Inputs per read
0Trade recommendations
01The gap
Dealer hedging moves the index.
It never shows up
on a price chart.
India VIX tells you what volatility is priced at. Your chart tells you where price has been. Neither tells you what the people on the other side of your trade have to do next.
Dealers who sell options do not take a view. They hedge, continuously, and the direction of that hedging is determined entirely by the shape of the book they are holding. When that book is one-sided, their hedging becomes a force acting on the index, sometimes absorbing moves and sometimes accelerating them.
That force is computable from public open interest. Optwise computes it for NSE index options and publishes the result every sixty seconds.
02What changes
The same four questions, answered differently.
Every desk already forms a view on these four things. Optwise computes them instead.
| Without Optwise | With Optwise | |
|---|---|---|
| Dealer stance | Inferred from price action and open interest, usually after the move. | Stated as a regime, with how one-sided the book is, every sixty seconds. |
| Levels | Drawn from prior highs, lows and round numbers. | Computed from dealer positions: call wall, put wall, zero-gamma flip. |
| Expiry pin zone | An argument about which strike pins, settled after the close. | A zone published at the open with a stated call, graded that evening against the exchange's official close. |
| Alerts | You watch the screen, or you miss the change. | At most five a day, only when the structure changes. Silence means it held. |
03Who it's for
Two desks. One structural layer.
Optwise is built for institutions that trade Indian index derivatives.
Family offices with an options overlay
Before you hedge or roll an NSE index overlay, you can see how one-sided the book is and which strikes dealers are defending. That tells you whether the level you are rolling into is crowded.
04How it works
Every 60 seconds during market hours, you get four things.
Every number carries its definition. Nothing on the platform is a recommendation.
01
A regime read, with conviction
Optwise measures how one-sided the dealer book is and states the regime that follows from it. You learn whether today's hedging absorbs moves or adds to them. When dealers are short gamma, they hedge in the direction of the move, so the same order flow pushes the index further than it would if dealers were long gamma.
RegimeNIFTY · sample read
Short gamma
26% one-sided
Hedging adds to moves rather than absorbing them.
02
The levels the structure is anchored to
Optwise computes the call and put walls, the zero-gamma flip and the strikes where hedging pressure concentrates. You see the prices dealers have to trade around. These levels come from their positions, not from a line drawn on a chart.
Levelspositioning-derived
24,640
24,800
Zero-gamma flipCall wall
03
The expiry pin zone
On an expiry morning the platform publishes a price zone and states whether it expects that zone to hold. We freeze the call at the open and grade it that evening against the exchange's official close.
Pin zonesample read
Zone: 24,525–24,575Call: expected to hold
Frozen at the open, graded against the exchange's official close.
04
Structure-change alerts
Optwise sends an alert when the regime or a level actually changes, at most five times a day. When nothing has changed, nothing is sent. A quiet day tells you the book has not moved, which is worth knowing in itself.
Structure changesstate machine
Optwise alerts you when the structure changes, and stays silent when it does not. You will get at most five in a day.
Quiet is a finding
05A read, in plain language
What the platform actually says.
Every number carries its definition. Nothing on the platform is a recommendation.
06Where it sits in the stack
Where it sits in the stack.
Reading dealer gamma is where this category starts. Optwise starts there, then commits to a call and grades it against the exchange's official close.
| Sensibull | GEX tools | Optwise | |
|---|---|---|---|
| What it reads | |||
| Inputs | Option prices, payoffs, OI and IV | Dealer gamma from the option chain | 18 inputs: gamma, vanna and charm, plus equity flow and global macro |
| Per-strike dealer exposure | Not offered | Yes | Yes, with a five-minute chain archive |
| Refresh cadence | — | No committed frequency | Every 60 seconds in market hours |
| What it commits to | |||
| What it puts its name to | Strategy payoffs you build yourself | A risk map, which its own terms say is not a signal | A stated call: pin zone and conviction, frozen at the open |
| Alert discipline | — | — | At most five a day, and silent when the structure holds |
| Answers a question in plain language | — | — | Analyst reads the live chain and quotes the figures it used |
| How it is checked | |||
| Graded against | — | — | The exchange's official close, never our own feed |
| Tamper evidence | — | — | Each call is sealed when it is frozen, so it cannot be changed afterwards |
| Research published against itself | — | — | Two findings that went against us, and a feature retired because of them |
Optwise is not the only product on NSE that reads dealer positioning, and the table does not pretend otherwise. It is the one that will put a number on an expiry, freeze it at the open, and grade it against the exchange's official close. The GEX column covers JustTicks and OptionsFlow. Every cell was checked against each product's own public pages on 22 September 2026.
07Be clear about this
We say what Optwise isn't as plainly as what it is.
Several products in this market imply more than they deliver. We would rather state the limits up front.
Not a signal service
We do not tell you what to trade. Optwise shows you where dealer hedging concentrates and how one-sided the book is. You decide what to do with that.
Not a tips provider
Optwise publishes no trade recommendations. No alert carries an entry, an exit or a target. The platform reports market structure and nothing else.
Not a chart-pattern scanner
We do not read price patterns. We read the option book behind the index and report where hedging pressure sits right now. We make no claim about where price goes next.
08Pricing
Everyone gets the same product.
We provision every account on a call. There is no self-serve signup, and we do not take a card before we have spoken to you.
OPTWISE
Full access
Prop desks, family offices and prop firms trading Indian index derivatives.
- Full dashboard
- Deep option chain · GEX heatmap
- Expiry pin zone
- Structure-change alerts (Telegram, market hours)
- Analyst with session memory
- Seat-based licensing
- Priority support and setup
- Global macro overlay and custom scope on request
Invite only · Proof of concept available · Seven-day evaluation on request after a demo
We scope pricing on a call, based on seat count and integration requirements.
Watch a sessionThe clearest way to judge it
The clearest way to judge it
is to watch a session.
Open the dashboard during market hours, watch the regime read update, and check the levels against what the index actually does. That takes one session.
Book a demoTypical reply within one trading session · +91 95038 64627
09FAQ
Common questions.
Anything else, drop a line to the desk.
10Contact · Desk
Talk to the desk.
Write to us about pilot access, custom ingestion or an institutional partnership. We read every note and route it to the right person. We reply to your work email, usually within one trading session.
Direct lines
Response time
Typical reply within one trading session.