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.
Position structure columns
- Underlying: ticker symbol of the underlying asset
- Underlying Price: latest traded price of the underlying
- 1D Change: percentage price change of the underlying over the prior session
- Expiration: the spread's expiration date
- Days to Expiry: calendar days remaining until expiration
- Long Strike: strike of the long put leg — the higher, more expensive strike that anchors the spread
- Short Strike: strike of the short put leg — the lower strike at which premium is collected
- Strike Width: difference between the long and short strike; determines the maximum profit potential per share
P&L and yield columns
- Bid / Ask: composite bid and ask for the spread
- Net Premium: net debit paid for the spread, adjusted for lot size (long premium − short premium × lot size)
- Max Profit: (strike width × lot size) − net premium; realized if the underlying closes at or below the short strike at expiration
- Max Loss: equals net premium; the maximum amount at risk if the spread expires worthless
- Breakeven: underlying price at which the spread breaks even at expiration (long strike − net premium ÷ lot size)
- Reward/Risk: max profit divided by max loss
- Yield (ann.): reward-to-risk ratio annualized by days to expiry
- Days to Earnings: calendar days until the next earnings release for the underlying
Volatility, Greeks, and probability columns
- Long IV / Short IV: implied volatility of each leg individually
- IV Edge: short leg IV minus long leg IV — for put spreads, positive IV edge reflects the volatility skew premium where the long put typically carries higher IV than the short put
- IV Rank: 30-day IV rank of the underlying on a 0–100 scale
- Realized Volatility: 30-day historical volatility of the underlying
- IV/RV: ratio of implied to realized volatility for the underlying
- Volatility Risk Premium: IV minus realized volatility for the underlying
- Delta / Theta / Gamma / Vega: net Greeks of the spread position (long leg minus short leg)
- Prob. of Profit: estimated probability the underlying price falls below the breakeven level at expiration
- Prob. Max Profit: ITM probability of the short leg — the estimated likelihood the underlying closes below the short strike at expiration
Open interest, market data, and fundamental columns
- Long OI / Short OI: open interest for each leg; Min OI is the lower of the two, representing the binding liquidity constraint on the spread
- Long Volume / Short Volume: contracts traded today for each leg
- Total Open Interest: aggregate open interest across all options on the underlying; Total OI Rank is its percentile within the 31-day range
- Put/Call Volume, Volatility Skew, Volatility Skew Rank, Volatility Steepness: market structure metrics for the underlying
- Sector, Market Cap, EV/EBITDA, P/E Ratio, Dividend Yield, Beta: equity fundamentals for the underlying
- RSI, CCI, Ease of Movement: technical momentum indicators for the underlying
