Navigate to the Toolbox tab and select Idea Hub.Idea Hub is your option idea exploration center combining popular tools and preset screens into powerful trading idea search logic. Data gets refreshed every 15 minutes.
Navigate to the Toolbox tab and select Idea Hub.
Idea Hub Home page: Provides an overview of all the Idea Hub screens. Each Idea Hub Screen is represented by a pod with the following:
View Ideas: Hover over any of the specific Idea Hub Screen pods, and the pod changes to View Ideas.
Idea Hub Screens Click on the specific Idea Hub Screen pod or the Idea Hub Screen name in the left navigation to view specific screen ideas.
Big Movers
Earnings
Premium Harvesting
Setting Trade Type to Trade displays ideas corresponding to the chosen strategy (Bullish, Bearish, Neutral).
The Big Movers Screen also provides additional variables which allow you to further customize your results, limited to a maximum of 45 ideas. Further customizations include:
Large Daily Change in Open Interest, while filtering for:
Average stocks volume greater than 500,000 shares
Open Interest greater than 1,000 shares
Stock Price which is greater than $5
Increase in Stock Volume, while filtering for:
Average daily stock volume greater than 100,000 shares
Stock Price which is greater than $5
Increase in Implied Volatility, while filtering for:
Large Option Volume Change (Equities Only or, Indices, & ETFs), while filtering for:
Option Price which is greater than 0.05
Stock Price which is greater than $5
Today’s option volume greater than the average 30 Day option volume
Average Daily Option Volume greater than 1,000 contracts
Money Flows, while filtering for:
Option Volume greater than 2,000 contracts
Average Daily Option Volume greater than 250 contracts
Stock Price which is greater than $5
High Put/Call Ratio, while filtering for:
Low Put/Call Ratio, while filtering for:
Average Daily Option Volume greater than 5,000 contracts
Put/Call Ratio greater than .5
Large Increase/Decrease in Put/Call Ratio, while filtering for:
Average Daily Option Volume greater than 5,000 contracts
High IV/HV (Implied/Historical Volatility) Ratio, while filtering for:
Low IV/HV (Implied/Historical Volatility)Ratio, while filtering for:
IV/HV Ratio less than 0.5
Average Daily Option Volume greater than 2,000 contracts
Best/Worst Performing Stocks, while filtering for:
Earnings: Uses the Earnings Calendar to find the top 15 optionable stocks by largest average daily volume with earnings in the next 7 calendar days.
Income is an Idea Hub Screen grouping in which screens related to generating additional income are located.
Premium Harvesting: Provides a variety of market neutral, slightly bearish, and slightly bullish credit spread ideas using a combination of iron condor strategies and credit call and put spread strategies. Ideas consist of broad-based indices, popular ETFs, and high volume stocks using strike prices that are generally one standard deviation or more from the current underlying price within the expiration timeframe within a minimum of a $0.25 credit per spread.
The following methodology is used to identify volatility across stock indices, ETFs, and individual stocks:
Implied volatility is measured by using a weighted average of the At-The-Money (ATM) call and put options for each underlying security.
Ideas are generally one standard deviation or more from the current underlying price
Only ideas with a minimum credit of $0.25 are displayed
In addition, we filter the underlying symbols for the following criteria:
The ideas displayed are then sorted based on the highest return on risk percentage (calculated as the credit received divided by the maximum risk of the trade)
In addition to the above criteria, certain leveraged and inverse ETF/ETN products are filtered from display, including VXX, UVXY, and SVXY.
The results can be further refined by selecting one of the following filters:
Covered Calls:
Looks for optionable ideas using the following criteria:
Stock Price between $10 and $200
Average Daily Stock Volume between 1,000,000 and 100,000,000 shares
Implied Volatility between 10 and 60
Open Interest between 250 and 2,000,000
Static Return % between 2% and 8%
Covered Call Return % (if assigned) between 8% and 30%
You can view each result sorted by:
Static Return
Break Even
Covered Call Return (if assigned)
| Idea Hub Definitions | |
| Implied Volatility |
The amount of movement expected in the stock (either higher or lower) given the current price of the options. |
| Open Interest | The number of contracts, either long or short, traded on particular options that have not been offset by a closing transaction. A closing transaction lowers open interest while an opening transaction increases open interest. |
| Static Return | The return an investor would make on a particular position if the underlying were unchanged in price at the expiration of the options in the position. |
| Break Even | The stock price (or prices) at which an option position will neither make nor lose money. |
| Covered Call Return | A combination of the premium received from selling the call + the appreciation that arises from the difference between the strike price and the purchase price of the stock. |
StreetSmart Central™ makes no investment recommendations and does not provide financial, tax or legal advice. Content and tools are provided for educational and informational purposes only. Any stock, options, or futures symbols displayed are for illustrative purposes only and are not intended to portray a recommendation to buy or sell a particular security. Products and services intended for U.S. customers and may not be available or offered in other jurisdictions.
Futures trading carries a high level of risk and is not suitable for all investors. Certain requirements must be met to trade futures. Please read the Risk Disclosure Statement for Futures and Options before considering any futures transactions.
Commissions, taxes, and transaction costs are not included in any of these strategy discussions, but can affect final outcome and should be considered. Please contact a tax advisor to discuss the tax implications of these strategies. Many of the strategies described herein require the use of a margin account. With long options, investors may lose 100% of funds invested. In-the-money long puts need to be closed out prior to expiration, since exercising them could create short stock positions.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple leg options strategies will involve multiple commissions. Covered Calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. Spread trading must be done in a margin account. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options."
NBBO (National Best Bid/Offer) Spread Quote reflects the best quotes printed from participating exchanges on each leg of the spread combined. For a long leg, the NBBO single leg “ask” quote is used, while short leg quotes use the NBBO “bid” quote to combine for a synthetic NBBO combination trade quote. Please note that there are no spread markets in securities that are subject to benchmarks such as “time and sales” or “NBBO” and therefore the “market” cannot be “held” to a price.