The scan result table is very customizable allowing you to select what is important for you to make a decision regarding a trade.   

Nevertheless, there are a few columns that will always appear on the results (depends on selected strategy you use for the scan)

General

Ticker

The trading symbol of the stock in the market 

Price

The most updated stock price in our system

IV rank

We use implied volatility rank a bit different from what you might used to and apply IV percentile to calculate it: it is a measure of implied volatility vs its past values. The figure represents the percentage of past values that the current IV value exceeds

  1. The top value is the the IV Rank that we calculate and its color is determined by its change: Green - increase; White - Neutral; Red - Decrease.  
  2. The bottom figure is the stock’s IV value that is calculated.

Strike

The option’s strike price. The percentage figure is the change from the current stock price.
For multi leg strategies the order of the strike prices is as following:

  1. Bull put -  Sell the higher leg (First)/Buy the lower leg (Second)
  2. Bull call - Buy the lower leg (first)/Sell the higher leg (Second)
  3. Bear put - Buy the higher leg (first)/Sell the lower leg (Second) 
  4. Bear call - Sell the lower leg (first)/Buy higher leg (second)
  5. Iron condor: Sell put (First)/Buy put (Second)/Sell call(Third)/ Buy call (Fourth)

Expiration date

The date the option will expire and how many days remain until that date. 

Long call, Long put, Married call and Married put

The following are default only for Long call, Long put, Married call and Married put strategies:

Ask 

The NBBO offer price is the lowest price a prospective seller is willing to accept for the option. 

Max loss 

The maximum amount of dollars that can lost (per 100 shares). The calculation varies based on the selected  strategy:

  1. Long put/call: ask price*100
  2. Married put/call: (abs(stock price-strike price)+ask price)*100

Break even point 

This is the point where the trade covers the cost of protection in a married put strategy - buying put as a protection for long stock position. The calculation varies based on the selected strategy:

  1. Long put  - This is the point where the trade becomes profitable for an option buyer at expiration. This calculation is according with buying put strategy.  The figure is a the difference in % of the strike price-ask from the stock price
  2. Long call - This is the point where the trade becomes profitable for an option buyer at expiration. This calculation is according with buying call strategy. The figure is a the difference in % of the strike price+ask from the stock price
  3. Married put strategy - The point where the trade covers the cost of protection in a married put strategy - buying put as a protection for long stock position
  4. Married call strategy - The point where the trade covers the cost of protection in a married call strategy - buying call as a protection for a short long position

Covered call and naked put

The following is default only for covered call and naked put strategies:

Probability of Expiring Worthless 

Measuring the probability of the option to expire worthless at expiration date. This is calculated by using the current options prices.

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