StockFetcher Forums · Filter Exchange · Option Filter : any profitable improvement ideas<< >>Post Follow-up
apebearbull
10 posts
msg #157109
Ignore apebearbull
6/29/2021 8:02:04 PM

just a basic option filter, what can we do improve to find more profitable options based one current market condition


Fetcher[
Select stocks where close is between 1 and 50 and stocks are optionable
and draw MA(50)
and market is not OTCBB
and market is not ETF
and Volume Above 1000000

]



xarlor
413 posts
msg #157110
Ignore xarlor
6/29/2021 8:53:17 PM

Here is a neutral options filter (Iron Condor, Iron Butterfly, Short Straddle, Short Strangle).

Disclaimer: You will lose money with options if you don't know what you're doing. Not financial advice. Trading options can and will likely lead to losses.

Fetcher[
market is not etf
optionable
close > 10
average volume(30) > 1234567

Price touched center linear regression line(60)

add column LRS(60)
add column upper
add column lower
LRS(60) between 0.0009 and -0.0009

set{upper,high 60 day high}
set{lower,low 60 day low}
draw price line at upper on plot close
draw price line at lower on plot close
]



Cheese
1,195 posts
msg #157113
Ignore Cheese
6/29/2021 9:37:22 PM

xarlor

noob question (I'm not trading options)

Why do you call it an options filter or a neutral options filter ?
Can it be used for stocks ?

Thanks.


snappyfrog
401 posts
msg #157117
Ignore snappyfrog
6/30/2021 11:21:34 AM

Any profitable stock scan can be used for trading options.

BUT one first must understand the Greeks along with strike prices and dates (weekly / monthly).

Cheese
1,195 posts
msg #157118
Ignore Cheese
6/30/2021 11:28:39 AM

snappyfrog 6/30/2021 11:21:34 AM
Any profitable stock scan can be used for trading options.
BUT one first must understand the Greeks along with strike prices and dates (weekly / monthly).

https://www.stockfetcher.com/forums/Filter-Exchange/Option-Filter-any-profitable-improvement-ideas/157109
===========================================================================

Thank you very much, snappy.

xarlor
413 posts
msg #157130
Ignore xarlor
6/30/2021 8:26:15 PM

Cheese, a neutral options strategy wins when the underlying stock stays in its current range, i.e. neutral. You don't want the stock to rise too much nor drop too low, but instead stay within the two prices determined by the break even points. They are also known as non-directional strategies.

The filter I posted shows you the range those stocks are trading in. The filter returns stocks that are right at the midpoint of the existing range, which is the best time to enter a neutral strategy.

Cheese
1,195 posts
msg #157132
Ignore Cheese
6/30/2021 9:10:01 PM

xarlor 6/30/2021 8:26:15 PM

Cheese, a neutral options strategy wins when the underlying stock stays in its current range, i.e. neutral. You don't want the stock to rise too much nor drop too low, but instead stay within the two prices determined by the break even points. They are also known as non-directional strategies.

The filter I posted shows you the range those stocks are trading in. The filter returns stocks that are right at the midpoint of the existing range, which is the best time to enter a neutral strategy.

https://www.stockfetcher.com/forums/Filter-Exchange/Option-Filter-any-profitable-improvement-ideas/157109/99999
==================================================================================

Thank you very much, xarlor.
I've learned something new.

apebearbull
10 posts
msg #157153
Ignore apebearbull
7/5/2021 4:26:52 PM

hello xarlor,
Thanks for the Neutral filter, filter not pulling any tickers so far. any idea why?


StockFetcher Forums · Filter Exchange · Option Filter : any profitable improvement ideas<< >>Post Follow-up

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