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14 articles
Option Scanner
What is the OptiScan options scanner?OptiScan is an options scanner within the OptiView platform that allows traders to filter and analyze listed options contracts across multiple underlyings. OptiScan helps users identify contracts based on criteria such as strike moneyness, days to expiry, implied volatility, and risk metrics.
What do OptiScan pre-set filters apply?OptiScan pre-set filters are predefined criteria that identify options contracts with specific characteristics such as liquidity, volatility, volume, or timing around earnings. OptiScan uses these filters to quickly narrow the options universe to relevant trading opportunities.
What filters are available in the OptiScan options scanner?OptiScan is an options scanner that provides filters for both options contracts and underlying assets. Traders use OptiScan filters to narrow results based on metrics such as Greeks, implied volatility, volume, and fundamental data.
What is IV rank and how is it calculated?IV rank is a measure that shows where the current implied volatility of an underlying asset stands relative to its range over the past 30 days. An IV rank of 0 means current IV is at its 30-day low, while an IV rank of 100 means current IV is at its 30-day high.
What is the volatility risk premium in options?The volatility risk premium (VRP) is the difference between an option's implied volatility and the underlying asset's realized volatility over the same period. A positive VRP means the option market is pricing in more volatility than has historically occurred — a condition option sellers typically seek to identify.
How do I customize filters and columns in OptiScan?OptiScan allows users to customize the filter bar and table columns to control which filters and indicators are visible in the options scanner. This helps traders focus on specific metrics when analyzing options contracts.
Why is the options scanner showing no results?An options scanner usually shows no results because the selected filters are too restrictive, the symbol has no listed options, or pricing data is not currently available.
How do I view an options contract in the chart?OptiView allows users to view an options contract in the chart by opening it from the OptiScan options scanner. The chart displays the selected contract as a strategy, enabling users to analyze payoff and build multi-leg positions.
What columns does the OptiScan options table show?The OptiScan options table shows one row per U.S.-listed option contract enriched with implied volatility, option Greeks, open interest data, and underlying fundamentals. OptiView computes each column from daily option chain snapshots, 30-day rolling statistics, and equity fundamental data.
What columns does the OptiScan call spread table show?The OptiScan call spread table displays one row per liquid bull call spread — a two-leg debit strategy consisting of a long lower-strike call and a short higher-strike call on the same underlying and expiration. OptiView constructs each row by pairing liquid contracts from the options table and computing the combined P&L structure, Greeks, and volatility metrics.
What columns does the OptiScan put spread table show?The OptiScan put spread table displays one row per liquid bear put spread — a two-leg debit strategy consisting of a long higher-strike put and a short lower-strike put on the same underlying and expiration. OptiView constructs each row by pairing liquid contracts from the options table and computing the combined P&L structure, Greeks, and volatility metrics.
What columns does the OptiScan straddle table show?The OptiScan straddle table displays one row per liquid long straddle — a two-leg long-volatility strategy consisting of a long call and a long put at the same strike and expiration. OptiView constructs each row by matching liquid ATM call and put contracts and computing the combined P&L structure, breakeven levels, net Greeks, and underlying data.
What columns does the OptiScan strangle table show?The OptiScan strangle table displays one row per liquid long strangle — a two-leg long-volatility strategy consisting of a long out-of-the-money call and a long out-of-the-money put at different strikes on the same underlying and expiration. OptiView constructs each row by pairing liquid OTM contracts and computing the combined breakeven structure, IV edge, net Greeks, and underlying data.
What columns does the OptiScan iron condor table show?The OptiScan iron condor table displays one row per liquid iron condor — a four-leg credit strategy combining a short put spread and a short call spread on the same underlying and expiration. OptiView constructs each row by combining four liquid option legs in ascending strike order (long put, short put, short call, long call) and computing the combined P&L structure, IV edge, composite Greeks, and probability metrics.