Volland

What it is

Volland is a browser dashboard that estimates how options dealers are positioned, strike by strike, in about 1,000 US underlyings. It reads every trade on the OPRA feed, decides for each one whether the dealer bought or wrote the contract, computes the greeks of that position, and accumulates the result into an exposure curve per strike and expiration for gamma, vanna, charm, delta, delta-adjusted gamma, vega, theta, rho and vomma, arranged as widgets in workspaces you build yourself.

The method is the product. Much of the vendor's own writing argues against "GEX", the common shortcut that takes open interest and assumes customers bought every put and sold every call. Volland instead stores each classified trade, which is what lets it show dealer net premium and a trend of aggregate greeks over time — neither of which, it argues, can be derived from open interest alone.

The contracting party is Volland, LLC, trading as Wizard of Ops, the name its founder Jason DeLorenzo publishes a newsletter and videos under. The Volland trademark belongs to Ad Deum Funds, a registered investment adviser under the same ownership.

Pricing

Six monthly plans, each containing the ones below it. There is no annual price, no trial and no refund; upgrades are prorated and downgrades leave an account credit.

The ladder is steeper than it reads. The $99 plan does not include the per-strike exposure charts the product is known for; those start at Swing. The same-day expiry widget starts at $250, and the aggregate greek trend at $400.

API access is two purchases. You must hold Universe or Institutional, and then buy request packs at $500 per 2,000 calls — 25 cents a request. The cheapest working API setup is therefore $1,500 in the first month.

Data & coverage

About 1,000 US stock and ETF underlyings ranked by option volume, plus major indices, and nothing illiquid. Updates run during market hours with one Sunday-evening refresh. The dashboard redraws every 2 minutes; the 0DTE and Institutional widgets every 5, and so does the API. Futures — equity, then FX, metals, oil and rates — are marked "coming soon" on the plan list and cannot be bought.

History is where the vendor's pages disagree with each other. The API documentation carries /history/dates and /history/timestamps endpoints at 5-minute resolution and a 180-day series on /greeks/aggregate. The API FAQ on the same site says historical data is not available through the API and that bulk history is a separate quote.

Integrations

A REST API at api.vol.land/api/v1/, authenticated with an X-API-KEY header; an unauthenticated call returns 401. Responses are JSON. Endpoints cover exposure by strike, per-ticker summaries, liquidity, the VolHacks outputs, aggregate greeks and 3D heatmaps. A key is scoped to the subscriber's plan, so a ticker outside it returns 403. There is no SDK, no webhook, no spreadsheet add-in and no MCP server. The docs' own answer on languages is that anything that can make an HTTP request will do.

Limitations

• The dealer side is a model, not an observation. OPRA does not identify counterparties, so every exposure number here rests on Volland's trade classification. The marketing line that Volland "knows if it was made by a dealer or a customer" states an inference as a fact.
• Some outputs are levels, not measurements. VolHacks reduces the book to support and resistance buckets, the Spot Vol Beta endpoint returns events carrying a targetPrice and a deadline, and the 0DTE endpoint returns a named "paradigm", a "line in the sand" and a target. These are formula outputs with no author. No plan bundles editorial trade ideas; the Wizard of Ops newsletter is a separate Substack subscription.
• The operator trades the same data. The site says its ownership runs Kyrios, a hedge fund "founded to exploit the edge that Volland provides", and its FAQ asserts the affiliated fund has consistently outperformed the broader market. That claim comes with no figures.
• API data is personal or internal use only. Redistribution, or an app built on the data, is a licence you ask for.
• A month minimum at a price you cannot sample, and the vendor's own FAQ puts the learning curve at a month or more.
• Web only, with no mobile app and no alerts.

Alternatives

Unusual Whales sells Greek exposure alongside the raw options tape and the disclosure feeds, with an API from $150 a month. ORATS sells the smoothed volatility surface and greeks as data, for computing your own exposure. For the raw OPRA prints themselves, Cboe DataShop. The rest are in market data APIs.