Options Scanner

We use the latest data analysis algorithms to evaluate all the optionable symbols on the US stock market. Then calculate the Return on Capital of neutral option selling strategies, so you can use the options screener to instantly find the most profitable Strangles and Iron Condors of the day.

Last updated: 2021-07-29 7:03 pm

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*Strangle Buying Power may differ base on different trading platforms and different account types.

How to Use the Strangle and Iron Condor Options Scanner

The aim of the options scanner is to quickly pick out the best Strangles and Iron Condors. Here are the tips to get the most out of the screener:

  • Sort symbols by the ROC (Return on Capital) of Strangles or Iron Condors to find the most profitable option-selling trades.
  • IV Perc and IV Rank use a scale of 0-100% to indicate the current IV level relative to the last year. Sort by >50% IV Perc or IV Rank to sell options when the prices are high.
  • BP is the Buying Power required to trade Strangles, we recommend utilising <5% of your account to manage risk.
  • Spread % is a measure of the bid-ask spread of the symbol, choose a symbol with good liquidity that has a low Spread %.
  • Choose symbols with >$10B Market Cap for financially strong companies with relatively stable stock prices. They are less prone to price manipulation and greater probability for neutral option strategies.
  • Open Interests and Options Volume are measures of liquidity for the symbol. Choose high option volume symbols so your trades are filled more quickly.
  • Squeeze and Squeeze Days indicate the time in which the symbol's price movement is compressed. The stock price has a high chance of large movement after Squeeze, so we don't recommend trading Strangles/Iron Condors during a Squeeze.
  • We choose only monthly Expirations for better liquidity, so trades are filled more quickly.
  • Earnings usually lead to higher price volatility, so we don't recommend selling Strangles/Iron Condors that expire after the Earnings Date.
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