
| Option screener |
Buy stock and buy options using option screener to identify stocks to buy based on your stock picks.An option screener is a tool that evaluates options based on criteria and generates a list of potential trading ideas. Because of the size and liquidity of its market, most option screeners are targeted at U.S. exchange-traded equity options. OverviewOptions, particularly exchange-traded options, are highly liquid securities whose market prices can change rapidly. In addition, the number of options in a market can be large. For instance, as of October, 2006, there are over 185,000 individual equity option contracts, written on nearly 3,000 underlying stocks, that are listed on the various U.S. options exchanges. Each contract is typically listed on multiple exchanges, resulting in nearly 1,000,000 separate option prices that all change in real-time.
Screening criterionBeing able to isolate option plays that appeal to a specific trader is a vital component of a useful option screener. To do this, the option screener needs to allow the trader to define filters that narrow down the ideal options based upon what the trader deems important. Typical filters include, but are not limited to:
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PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
Securities products and services offered by Transcend Capital, LLC, a registered broker dealer, Member FINRA/SIPC.
6500 River Place Blvd., Bldg. 4, Ste. 102, Austin, TX 78730. 512-623-7774.
The information contained on this Web site does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell securities. No information found on this Web site should be construed by any consumer as investment advice, tax advice or a recommendation or solicitation to effect or attempt to effect transactions in securities.
Symbols and price and volume data shown here are for illustrative purposes only. Transcend Capital and/or its employees and/or officers may have positions in securities referenced herein, and may, as principal or agent, buy from or sell to clients. Account access, trade executions, and system response may be adversely affected by market conditions, quote delays, system performance, and other factors.
Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Options carry a high level of risk and are not suitable for all investors. Please read the Options Disclosures Document Characteristics and Risks of Standardized Options before considering any option transaction
Certain requirements must be met to trade options at Transcend Capital. With long options, investors may lose 100% of funds invested. Multiple leg options strategies will involve multiple commissions. Spread trading must be done in a margin account. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any option transaction.
Diversification and Asset Allocation strategies do not ensure a profit and cannot protect against losses in a declining market. While an investment in a specific sector may involve a greater degree of risk than an investment with greater diversification, strategies that include broadly diversified portfolios do not ensure a profit and do not protect against losses.
Additional advanced options education is available from the OIC.
Transcend Capital, LLC and JunoTrade Corporation are not legally affiliated.
