The goal of HIRO is to alert users as to when options order flow may be impacting a stocks price. Equally important is knowing when options are not involved!
A member asked us today about NVDA’s flow, and our response was “there’s nothing going on!”. This can be seen by the fact that the HIRO signals are very flat all day (right chart).
Also note the HIRO gauge on the left (blue arrow). The full width of that gauge is the high and low HIRO signal for the last 30 days. The inset circle shows where todays cumulative HIRO flow is relative to that 30 day range.
Therefore the circle near the center tells us its a very average options-less day in NVDA.