Why You Need an Options Scanner
With over 5,000 optionable stocks, finding the best opportunities manually is impossible. Professional traders use scanners to identify high-probability setups in seconds.
What Makes a Great Options Scanner:
- IV Rank Filtering: Find high/low volatility
- Earnings Alerts: Trade volatility events
- Volume Analysis: Spot unusual activity
- Greeks Filtering: Match your risk profile
- Technical Indicators: Combine with price action
Top Scanning Strategies
1. High IV Rank (Sell Premium)
- IV Rank > 70%
- Liquid options (penny spread)
- No earnings in 30 days
2. Low IV Before Earnings (Buy Premium)
- Earnings in 2-7 days
- IV Rank < 30%
- Historical big movers
3. Unusual Options Activity
- Volume > 3x average
- Large premium trades
- Sweep orders