Do any of you guys use Product Depth in ToS for options?

Was just curious for those who trade options if you use it, and if you find it useful.

 

I trade directionally and don’t find a large amount of depth that helpful. Three deep is enough if you can read LL2 or NYSE Open Book.

 

Yes. That's how I pick which options to sell and which to buy to create different spreads based upon my market thesis.

If you aren't using that or something similar, then I am not sure what you are doing.

 

How do you use the 3 levels? Do you look for the biggest orders?

 

Level 3 are for MMs.