Advanced Filtering
Master advanced filtering techniques to find the most relevant trading opportunities.
Overview
The platform provides powerful filtering capabilities to help you narrow down opportunities based on
multiple criteria. Combine filters to create custom scans that match your specific trading strategy.
Available Filters
Strategy Type
Filter opportunities by options strategy:
- Bull Call Spread: Bullish directional play with limited risk
- Bull Put Spread: Income strategy for neutral-to-bullish outlook
- Bear Call Spread: Income strategy for neutral-to-bearish outlook
- Bear Put Spread: Bearish directional play with limited risk
- Iron Condor: Neutral strategy profiting from low volatility
- Covered Call: Income generation on owned shares
Return on Risk (ROR)
Filter by minimum expected return:
Minimum ROR: 15% - 50%+
Example: Show only opportunities with >25% return potential
Higher ROR generally indicates higher risk. Balance based on risk tolerance.
Premium Amount
Set minimum and maximum premium collected:
Min Premium: $50
Max Premium: $500
Use case: Find opportunities matching your capital allocation
Days to Expiration (DTE)
Filter by time until option expiration:
- 0-7 DTE: Weekly options, high theta decay
- 7-30 DTE: Short-term strategies
- 30-60 DTE: Medium-term plays
- 60+ DTE: Long-term strategies, LEAPS
Filter: 30-45 DTE
Result: Opportunities expiring in 30-45 days
Probability of Profit (POP)
Filter by statistical win probability:
Min POP: 50% - 90%
Example: Show trades with >70% win probability
Higher POP usually means lower profit potential. Find your balance.
Implied Volatility (IV)
Filter by options volatility levels:
- Low IV (<20%): Quiet markets, lower premiums
- Normal IV (20-40%): Typical market conditions
- High IV (40-60%): Elevated volatility, higher premiums
- Extreme IV (>60%): Very volatile, earnings plays
Combining Filters
Example Filter Combinations
Conservative Income Strategy
- Strategy: Bull Put Spread or Iron Condor
- POP: > 70%
- DTE: 30-45 days
- ROR: 15-25%
- IV: Normal range
Aggressive Growth Strategy
- Strategy: Bull Call Spread or Bear Put Spread
- ROR: > 30%
- DTE: 14-21 days
- POP: > 55%
- IV: High (>40%)
Weekly Income Scalping
- Strategy: Any spread
- DTE: 0-7 days
- POP: > 75%
- Premium: $50-$150
- ROR: 10-20%
Saving Filter Presets
Save your favorite filter combinations for quick access:
- Set your desired filters on the Opportunities page
- Click "Save Filter Preset"
- Name your preset (e.g., "Conservative Weekly", "Aggressive Monthlies")
- Access saved presets from the filter dropdown
Sorting Results
After filtering, sort results by:
- ROR (High to Low): Best potential returns first
- POP (High to Low): Highest probability trades
- Premium (High to Low): Largest credit amounts
- DTE (Low to High): Soonest expiration first
- Symbol (A-Z): Alphabetical by ticker
Important Notes
- Filters are applied in real-time to current market data
- Too many restrictive filters may return zero results
- Market conditions change - adjust filters accordingly
- Backtested results don't guarantee future performance
Advanced Tips
Pro Filtering Strategies
- Volatility Events: Filter for high IV around earnings to find premium-selling opportunities
- Time Decay: Use 30-45 DTE for optimal theta decay curve
- Risk/Reward Balance: Target ROR/POP ratios that match your risk tolerance
- Liquidity Check: Combine with volume filters to ensure tradeable options
- Delta Neutral: Filter Iron Condors with balanced delta for neutral strategies
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