Scanner FAQ

Click on any table header to toggle between ascending and descending order.

Click on any table row or the "View Greeks" button located on the far right of the table. Note: You may need to scroll right to see the button.

ROC measures the potential return relative to the capital required:

• For Covered Calls: (Premium / Current Stock Price) × 100
• For Cash Secured Puts: (Premium / Strike Price) × 100

Example: If a stock is $100 and the option premium is $2, ROC = (2/100) × 100 = 2%

Annual Return = (Premium / Current Price) × (252 trading days / Days to Expiration) × 100

Click on "Advanced Filters" button to get started

• Enable Delta filtering by checking the Delta checkbox
• Set your desired range using the minimum and maximum values

Advanced filters help refine your scan results after running a scan:

• Price Range: Filter results within your selected price range. Example: To see only options 5-10% away from stock price, set minimum to 5% and maximum to 10% (Your initial slider setting prior to hitting scan).
• Filter Controls:
  • Check the box next to any filter you want to apply
  • Minimum value: Sets the lowest acceptable value
  • Maximum value: Sets the highest acceptable value
• Available Filters:
  • Price Difference: Distance from current price in percentage
  • Premium: Option contract price
  • ROC: Return on capital
  • Delta: Greeks
  • Annual Return: Annualized potential return based on this formula
    (Premium / Current Price) × (252 trading days / Days to Expiration) × 100
    Example: If stock is $100, premium is $2, and 30 days to expiration:
    ($2/$100) × (252/30) × 100 = 16.8% annual return

The price difference slider controls the range of strike prices you want to see in your results:

• For Covered Calls:
  • If you set the slider to 5%, you'll see strike prices that are up to 5% above the current stock price
  • Example: If stock is $100, you'll see strikes from $100 up to $105
• For Cash Secured Puts:
  • If you set the slider to 5%, you'll see strike prices that are up to 5% below the current stock price
  • Example: If stock is $100, you'll see strikes from $95 to $100

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