Cash Secured Puts

The CSP (Cash Secured Puts) screener is a table with put options and their main characteristics. It analyzes thousands of options and shortlists trading opportunities to sell cash-secured puts.

The columns of the screener show the main characteristics of options e.g. DTE, strike, IV, etc. Also, you can use advanced filters (buttons above the table), such as High IV, Growth Stocks, etc.

For your convenience we added the basic mode of the CSP screener to the dashboard. It includes the most common settings used by options traders to find the best options to trade the wheel strategy (with high liquidity and 30-60 DTE from S&P500 and ETFs).

We recommend starting with the basic version and if you feel that you need more features, try the advanced mode of the screener. Pick the top 10-20 options from the list and analyze them further. The screener lets you easily discard irrelevant options and focus on the most perspective ones.

There are about 600k+ puts on US stocks available in the CSP screener. Currently it covers the US market. Soon we are going to include European and Asian markets as well.
The screener is updated every hour during trading hours if we have access to market data.

Filters can help you adjust the screener to your trading goals.

High IV filter excludes options that have low implied volatility and shows those which have IV above 100. High IV values are crucial when selling cash-secured puts.

Growth Stocks filter shows options on stocks that tend to be relatively volatile and grow fast.

DTE 30-60 filter shows options with 30 to 60 days till expiration. This is one of the most commonly used CSP filters.

Conservative Stocks filter shows options on well-known and stable stocks, that often meet Warren Buffet's investing style. For instance, Apple, Bank of America, Coca-Cola etc. It doesn’t include ETFs.

ETF filter shows exchange-traded funds. It is even more conservative than the output of the Conservative Stocks filter.

High Dividend filter shows companies with high dividend yield.

S&P500 filter shows options from the list of S&P500 companies, e.g. Boeing, Nike etc. It can sometimes overlap with the Conservative Stocks filtering list.

High liquidity helps filter out illiquid options.

Yes, you can apply multiple filters to get an even narrower sample of options. Simultaneous application of filters such as High IV, DTE 30-60 and High liquidity gives you a limited but precise list of options to sell puts.

We apply different colors to highlight categories of certain features. E.g. DTE 30-60 and DTE 180+ are painted in different colors. Options with the most attractive characteristics to sell are highlighted with green.

Primary tab covers all main features to make confident trading decisions. Here you will find such core features as IV, DTE, etc as well as advanced features designed by the 5Greeks team, such as Theta Impact, Time ROI %, etc.

Greeks tab shows Delta, Theta, Gamma, Vega. It’ll be useful for those who want to analyze greeks of a particular option.

Extras tab includes extended features such as OI, Intrinsic Value to dive deeper into options analysis.

All pages with CSPs as well as extended sorting and filtering options are available with premium subscriptions. If you like our screeners, upgrade your subscription and get more features for all screeners.
The screener is designed for private traders and investors who trade the wheels strategy or look for the best cash-secured puts currently available on the US market. It is a good option to reduce time spent on market research.

Volatility Screener

Volatility Screener shows stocks with low volatility (flats and triangles) and high volatility (trends).

It describes the market movement potential relative to past prices taking into account current market realities. It can be useful both in options and stock trading.

Volatility Screener's index lets sort all stocks to identify flats or active trends. After sorting you’ll get a list of stocks with either high or low values. High index values indicate trends, low index values — flats:

  • if you trade flats or breakouts, you need to pay attention to stocks with low index values,
  • if you trade impulse waves or pullbacks, you’ll often find them in stocks with high index values.

If index values are low, it may be interesting to buy straddles and strangles as well. If the values are high, selling options can be promising depending on other factors.

Low index values indicate that the low volatility dominate in the market now, a certain converging formation takes place and there is no strong directed market movement. You often see a flat or a triangle on the chart at that time. This means that the price can move in any direction soon, breaking through the nearest support and resistance levels.

High index values indicate that the asset may be interesting for traders who trade impulse movements in the trend or expect correction waves emergence to search for pullback entry points in the direction of the trend from more attractive price levels.

Maximum and minimum index values indicate different market conditions (ranging from the flat in the run-up to strong market movements to the active phase of the trend).

The higher the screener's index, the more actively the market moves at the moment.

The search field can be used for custom requests (e.g. AAPL, 1.25, etc) to identify the market condition of a particular stock without analyzing a price chart.

The screener is designed for private traders and investors who trade stocks and options. It can help find flats, triangles and stocks that are about to break out (low index values) as well as impulse waves and pullbacks (high index values). It is a good tool to shortlist such tickers and reduce time spent on market research.

Fireball Screener

Fireball Screener was designed for traders who buy straddles and strangles and sell ATM options. The screener takes into account relative price of options, current market conditions (flats, triangles and strong trends) and price movement potential.

It analyzes 3-month ATM options and identifies stocks with the most expensive or the cheapest options.

The index is a key column that takes into account option prices, market movement potential, and output of Volatility Screener:

  • If the value is low, buying straddles and strangles can make sense because such stocks are often in flats and are ready for a breakout. Moreover, market movement potential can be significant and their volatility and related options’ prices are relatively low.
  • High index values can help find overpriced options to sell as well as stocks that are about to rebound. It can show stocks that move actively and which options can be overpriced. In such cases, it may be interesting to sell ATM options or trade a rebound signal if the Daily trend looks promising.

Minimum index values show tickers with the greatest movement potential and the «cheapest» underlying options. The lower the index, the more attractive long positions can be.

Maximum index values show tickers with the most «expensive» underlying options. The higher the index, the more interesting the selling of such options can be.

The search field can be used for custom requests (e.g. BABA, 151.19, etc).

The screener is designed for private traders and investors who trade straddles, strangles and other volatility-based option strategies. It analyzes at-the-money calls and puts as well as current and historical market conditions, and can help find the most underpriced and the most overpriced options. It is a good tool to reduce time spent on market research.

Cheapness Screener

Cheapness Screener was designed for traders who buy straddles and strangles and sell ATM options. It analyzes 3-month ATM options and identifies stocks with the most expensive or the cheapest options.

The screener allows one to divide options into cheap and expensive taking into account the option price and recent market volatility.

The cheapness index is a key feature that takes into account option prices, market volatility, and price movement potential. You can sort all stocks by the Index column:

  • The higher the value, the higher the price of an option relative to stock price movements. It can help find overpriced options. In such cases, it may be interesting to sell ATM options.
  • Low index values may indicate that buying straddles or strangles can make sense because such options can be underpriced.

Low index values suggest that options have lower price relatively to previous market movements. In means that it can be interesting to buy underlying options.

Maximum index values show tickers with options that have the highest price relative to recent market moves. The higher the index, the more overpriced can be the ATM options.

The search field can be used for custom requests (e.g. AZN, 59.48, etc) that can help figure out whether there are cheap or expensive options on each particular stock.

The screener is designed for private traders and investors who trade straddles or strangles and other volatility-based option strategies. It may be interesting for those who look for a tool that can help find “cheap” and “expensive” options. It is a good tool to reduce time spent on market research for everyone.

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