What is Trade Tape?

Trade Tape is the live options order flow, one row per qualifying executed print, streamed newest first and colour-coded so you can read intent at a glance: strike, size, fill side, and structure. Every displayed print is scored on arrival by the Smart Money Score, and the highest-conviction prints rise into the Hot Trades rail.

On Trade Tape the ticker pill filters the tape itself (the ∗ state means all symbols), and that choice stays on the tape rather than following you into Expo or Heat.