Cash Secured Put Scan in Thinkorswim

[@shortthestrike]

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[@galph86]

I circled back from 3 yrs ago. This is great! Forget day trading & scalping. This is safer.

[@chrisfisher1018]

Thanks very much. Working on selling Strangles and this helps with scanning targets

[@GwinnettLawns]

Your one of the best YT TOS teachers!

[@shortthestrike]

Wow, thank you!!

[@gary98732]

Thanks!

[@shortthestrike]

Thank you!!

[@glene2942]

Good stuff as always, many thanks!

[@gary98732]

Thanks! I'm not good at making filters for scans but you are a good teacher!

[@chrisfisher1018]

How would you suggest adding an additional Option filter for Volatility? My system will not let run "studies". Thanks

[@chunastay]

Great content. Thank your for sharing

[@shortthestrike]

Thanks for watching!

[@mikezabadal625]

Awesome. Thanks for the tutorial

[@PurpleMusicPrincePianoCovers]

Nice video thank you, what is ROR? On my TOS it is not something that can be added under 'customize'. Thank you.

[@neuvocastezero1838]

Great video! It seems that TOS has added IV to the main "options" filter list since you've made this video.

[@sjaw100]

How to amend existing scans? Please do a video, possible? Thanks for the useful video.

[@galph86]

Wow this is great info. Thx.!

[@shortthestrike]

Thank you, glad it helped!!

[@STOCKBOY-fu5sd]

Great video just set my scanner up.There a guy Mark Rockwell that sells a cash secure put software for $3K.What are your thoughts on that and would be the difference between his scanner and this one?Thanks for your time.

[@shortthestrike]

This is the first I've ever heard of it. I'd definitely have to look into it more, but the short snippet of the promo video I watched specifically for their wheel strategy didn't seem like it showed anything you couldn't find yourself. The little I did see looked interesting. It seems to be built for a lot more than just scanning for short options. I thought it looked very user friendly, but not a huge fan of the price tag. I'll do some more digging into it. I can't imagine it would be worth it if you're just using it as a scanner, but maybe all of the other tools and easy to find analytics make it worth the cost.

[@westnash]

Could you do this in a written step by step? The video was quick plus the screen small on my device to see everything you put in as scan criteria. Thanks.

[@MarketConversations]

Thanks for the video!

[@neuvocastezero1838]

I ran a CSP scan recently and hits came up like Coinbase, which was trading for $4 and change, but it came up as an option with a 65 strike price. I then checked the TRADE tab and it said that COIN had no options available?

[@russells777]

It’s probably obvious, but would this scan also show OTM calls? Or would we need to change negative delta to positive? Everything else is the same?

[@paullopresti9568]

You have over 2000 views and only 118 likes. What’s wrong with people, it’s a great video, can’t you take a second of your time to hit the like button? It helps to keep the videos coming. Thanks for making these videos, the really help.

[@patricksears163]

Why do you use both Implied Volatility and IV Percentile on your scan? It seems like it would be duplicative. And really, isn't IV Percentile all you really need? And have it set at something like >60%-75%+ to catch the options that are currently overpriced?

[@shortthestrike]

IV and IV Rank are two completely different things. If I only scan for IV rank it could include companies toward their high of IV for the past year, but still have incredibly low IV overall. A an example of this would be Verizon. 25% IV for Verizon might be it’s yearly high, but I’m selling premium against something with such low vol. That’s why I added the IV as well as IV rank.

[@patricksears163]

@@shortthestrike yes, but absolute IV is irrelevant. If a stock like V that has generally lower IV than many other stocks has current IV that is near its yearly or all-time high, then that is a good stock to sell premium on. Sure, at 75% IV Rank its premium might be less in absolute dollar value than a normally high vol stock at 75%, but the value is the same. That is risk vs reward, which all that matters in the end.

[@shortthestrike]

@@patricksears163 Completely valid point. However, I'd rather tie up my capital getting a better ROR. If I tie up 30k on XYZ puts that pull in 1k in income vs tying up that same 30k and pulling in 4k. If you have significant capital to work with, then not the biggest deal in the world. But just my rationale behind it.

[@patricksears163]

@@shortthestrike Good point. And your video is excellent. Already subscribed to your channel and am looking forward to watching more of your content!

[@tisurmaster]

can you get it emailed to you? I checked chatgpt and it created a code to do that, but I'm not familiar with thinkorswim ui.