Idea Hub is an options idea exploration center that provides preset screens generated by trading idea search logic. For convenience, each individual result is integrated with the Trade and Probability Calculator and All In One Trade Tool which are accessible by hovering over the tile. Data is refreshed every 15 minutes. The Idea Hub can be accessed through the Launch Tools drawer within StreetSmart Edge®.
The Idea Hub Home page provides an overview of all the Idea Hub screens:
Big Movers
Earnings**
Premium Harvesting
Covered Calls
Each Idea Hub Screen is represented by a pod with the following:
Name of the Idea Hub Screen.
Number of screen ideas generated.
Number of ideas broken down by Bullish, Neutral, and Bearish.
Description of each screen.
When clicking a specific Idea Hub Screen, a new page is loaded with specific ideas. The View Type can be set to see the screen ideas in Gallery or List view.
What’s Trending is an Idea Hub grouping which screens for optionable ideas based on changes in Open Interest, Volume or Implied Volatility. What’s Trending has the following screens:
Big Movers: Uses predefined screens to generate optionable ideas where the company's stock or options have moved significantly, as measured by open interest in options, volume traded of stock or options, or implied volatility.
The Big Movers Screen also provides additional variables for which to further customize your results, including:
Large Daily Change in Open Interest, while filtering for:
Average stocks volume greater than 500,000 shares
Open Interest greater than 1,000
Stock Price greater than $5
Increase in Stock Volume, while filtering for:
Average daily stock volume greater than 250,000 shares
Stock Price greater than $5
Increase in Implied Volatility, while filtering for:
Average daily stock volume greater than 100,000 shares
Stock Price greater than $5
Large Option Volume Change (Equities Only or, Indices, & ETFs), while filtering for:
Option Price greater between 0.25 and less than 3.0
Money Flows, while filtering for:
Option Volume greater than 1,000 contracts
Stock Price greater than $5
Change the Trade Type to see the opposite of the screen ideas generated.
Setting Trade Type to Trade displays ideas corresponding to the chosen strategy: (Bullish, Bearish, Neutral)
Setting the Trade Type to Fade displays ideas based on the opposing strategy (User chose Bullish, tool displays Bearish).
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. The Income is broken into the following groups:
Premium Harvesting: Provides market neutral credit spread ideas based on broad-based indices, popular ETFs, and high volume stocks using strike prices that are generally 1 standard deviation or more from the current underlying price within the expiration timeframe within a minimum of a $0.25 credit per spread.
The results can be further refined by selecting one of the following filters:
Show only index products
Show only non-index products
Show all products
Your search can also be refined by expiration time horizon, including:
Weekly
Monthly
Quarterly
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%
The Covered Calls Screen can also be 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. |
**Earnings data provided by Zacks, based solely upon research information provided by third party analysts. Charles Schwab has not reviewed, and in no way endorses the validity of such data. Charles Schwab and Zacks shall not be liable for any actions taken in reliance thereon.
***Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received.
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. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options." Supporting documentation for any claims or statistical information is available upon request.
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.