Options Strategy Scanner Overview

TradeKing's Options Strategy Scanner is a professional-grade tool for scanning the option universe for profit opportunities.

The Options Strategy Scanner offers five customizable filters:

• Strategy - targeting types of position, from naked to covered strategies and conversions, spreads, straddles and strangles
• Stocks - defining the universe of underlying stocks to scan
• Options - allowing you to target expiration dates, moneyness (at-, in- or out-of the money) and other options-related metrics
• Risk/Reward - measuring net credit or debit, total cash outlay, likelihood of profits, and other risk/reward metrics
• Position Greeks - fine-tuning your search based on Delta, Vega, Gamma, Theta and Alpha, if desired.  

The Scanner also allows you to test various "what-if" scenarios with your search results before committing to a trade.

For more information about this tool, please download the Strategy Scanner Manual (in Adobe PDF) for more detailed information.

Please note - all data presented above is sample data provided for demonstration purposes only. Stock or options symbols are for illustrative purposes only and do not imply a recommendation to buy or sell the security. TradeKing does not provide investment recommendations or financial advice.

The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of TradeKing or its employees. TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Your use of this service is conditioned to your acceptance of the terms of TradeKing disclosures. 2006 TradeKing.