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BigDipperOptions provides options market insights based on 15-minute delayed data sourced from OPRA (Options Price Reporting Authority). This platform is designed for educational and analytical purposes only and is not a source of trading advice or recommendations.

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Key Points to Understand

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Data Delay

  • All option prices, volume, open interest, and related metrics are delayed by at least 15 minutes.
  • While dashboards are updated frequently, the underlying system records options activity approximately once per hour.
  • As a result, the data you see is informative and structured for analysis, but not suitable for instantaneous trading decisions.

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“Near Real-Time”

  • In BigDipperOptions documentation and marketing, the term “near real-time” means data is updated frequently and reflects recent market activity.
  • It does not mean the data is live, streaming, or suitable for high-frequency trading or time-sensitive trading.

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Use Cases

  • The data is intended for market intelligence, strategy research, and identifying trends.
  • Charts, GEX analysis, and option metrics are provided to help users understand market dynamics and explore options strategies.
  • You should always confirm trades through your brokerage platform, which may provide live prices.

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Limitations

  • Due to the delay, short-term price spikes, rapid market movements, or intraday volatility may not be reflected immediately.
  • BigDipperOptions cannot guarantee execution accuracy or predict real-time price changes.
Summary:
BigDipperOptions uses OPRA 15-minute delayed options data and system-recorded updates approximately once per hour. While frequently updated, this data is best described as “near real-time” for analytical purposes, not live trading. Users should verify all trades with a live brokerage feed.