How Option Screener Works

Learn the full process of how we collect, process, and prepare options data so you can screen the entire market in seconds.

1. Data Collection

Every trading day, we collect real-time options data from market data providers covering thousands of underlying stocks across major U.S. exchanges.

  • All optionable stocks in the market
  • Every expiration date within 60 days (and LEAPS)
  • All available strike prices
  • Live bid/ask prices, volume, and open interest

2. Strategy Calculations

We process each contract through our calculation engine, computing metrics for 14 different options strategies.

  • Max profit and max loss for each strategy
  • Probability of profit using delta
  • Breakeven prices
  • Greeks (delta, gamma, theta, vega)
  • Annualized returns
  • Kelly criterion and expected value

3. Scoring & Ranking

Every contract receives a composite score that combines profitability likelihood with risk-adjusted returns.

  • Score = (Probability of Profit + P/L Ratio) / 2
  • Normalized daily across all contracts
  • Separate scoring per strategy
  • Liquidity percentile ranking

4. Ready to Screen

All processed data is loaded into our database, ready for you to filter and sort across 50+ metrics.

  • Sort by any column (score, DTE, IV, etc.)
  • Filter by sector, industry, or index
  • Search by ticker symbol
  • Save your favorite filter configurations

5. Daily Updates

The entire process repeats every trading day before market open, ensuring you always have fresh data.

  • Data refreshed before 9:30 AM ET
  • Historical data archived for backtesting
  • Real-time status monitoring