/biz/ - Business & Finance

>>20102280
might have been me.
i use optionsprofitcalculator.com to get a rough view of it's log scale for profit and loss.
also use ToS's stock hacker to find stocks with a share price of $1-5 with options and high IV (pic related)

>>20077762
yeah pretty much, this is ToS's stock hacker

so i was talking about finding good cheap theta plays the other day by using the top 10% lists, but i think i found a better and easier way. the only downside is how many candidates it produces that you'd have to manually sort through unless you had some leet haxor way of getting around it. personally i can't be bothered to, yet...

basically you're looking for stocks with a share price between $1 and $5 that have options. well how can you tell if a stock has options or not? if it has implied volatility. stocks without options will show "N/A" on IV when you look for it. so how many stocks match that profile?

a fucking SHIT load. use ToS's stock hacker, and remove all the filters and add "Last." set the range from 1 to 5 and hit "scan." then you all you need to do is add implied volatility to the output and then sort by it.
and voila. shit load of theta plays with low covering cost (aka, juiciest returns, would you rather reserve $5000 for $150 in premium or $250 for $150 in premium?)

you can then dig through and find the most inflated ones that have actual volume that day and try to hook some retard into buying your worthless yet insanely inflated puts. anyway, something to think about if you were wanting to get into selling options but didn't want to reserve large quantities of cash