Options Opportunity Scanner
Ranks defined-risk structures across every usable expiration and estimates an opposite-direction ETF hedge from current option delta.
Scoring methodology
Each opportunity is ranked out of 100 points across these factors:
Passes defined-loss gate, available quotes, minimum open-interest (100 OI for sells, 25 for buys), and bid-ask spread under 18%.
Higher return on maximum risk receives more points. 2.5x return ≈ 17 pts. Formula: min(20, reward_ratio × 7)
Liquidity depth of the least-liquid leg. 100 OI ≈ 4 pts, 1,000 OI ≈ 10 pts. Formula: log10(min_oi) × 4
Recent volume activity on the lowest-volume leg. Volume ≥10 = 5 pts, >0 = 2 pts, zero = 0 pts.
Average quoted spread across all legs. Tighter spreads = higher points. Penalty: 0.55 points per 1% spread.
Chart pattern status. "Triggered" signal = 8 pts, "Watch" status = 3 pts.
Sweet spot is 7–30 DTE (full 7 pts). Outside 0–45 DTE window receives 0 pts.
Earnings event inside contract window. Confirmed earnings = -12 pt penalty. No earnings = 0 pts.
Strategy structure quality. Undefined-risk or aggressive strategies = -8 pt penalty. Defined-risk = 0 pts.
Best opportunities
Score is comparative research context, not win probability.
Related bull and bear ETFs
Exact single-stock funds are distinguished from index or sector proxies.