Options Scanner on ThinkorSwim | Option Hacker Tutorial

[@shortthestrike]

🛠Just launched my trading journal! If you trade stocks, options, futures, or crypto, give it a try with a 7-day free trial and let me know what you think! traderlog.io/

[@ko_medic]

Brother you saying “positive delta for call options…” unlocked it in my head and answered my question. I’m a slow learner but not a no learner. Thank you.

[@tobyfish11]

I wish I could upvote your TOS instruction videos more than once!! Thank you so much for these.

[@petecoffee7802]

Perfect explanation. Adding an options scanner now.

[@jameshall2458]

Wow! I was unaware of this tool. I will definitely experiment with this tool going forward. Great Video!!

[@shortthestrike]

Glad it was helpful!

[@Spitfireseven]

I know nothing,....... NNNNOOOOOOOTTTTTHHHHIIIINNNNGGGGGGG !!! This thing is outrageous!!

[@EllisVanotoo]

Such great content!!! Clear and concise explanation too! Thank you

[@rolandgunner0124]

Very good as usual. Thanks for pointing out the simple things beginners need to know about.

[@nicholasmckinstry1611]

How do I search put options instead of calls that your example will display?

[@fernandodavidez757]

- deltas = puts

[@Rafi-Tzur]

Excellent tutorial. Thanks a lot man

[@bnhmsairam]

Simply Superb. Thank you

[@sheryllynmc]

Great stuff @shortthestrike! How do you add IVR (or in ToS) IV Percentile's listing to the results, as a column?

[@prudhvirajs494]

Can I know how to set volume >open interest scanner

[@quintonballenden1436]

Excellent video, thank you. One thing I noticed, if the underlying data is N/A then no results are returned. For example, when I selected option volume with the widest parameter I received no results. I removed the filter and on the rescan the results had N/A in the volume column. I live outside the US, so it probably means that volume data is only returned during market hours.

[@glennt8687]

Thanks !! I was looking for an Options Scan.

[@scotttownsend5619]

Great video!! You took the time to go through each step, what it does, and other ideas how to use this tool. Would love to see other session on the Scan tool teaching different subjects. Thanks!

[@deedurbin6082]

Can you open a trade from a scan result directly or must you create a watch list to open trades from? Excellent vid on how to set up a scan, now we can use one on what can be done with the results. Thx

[@ashvinsura3389]

Good explanation

[@sjaw100]

Can help create a Price at 50 SMA support line? thanks.

[@Oct-jy4dz]

Thanks for the nice video. I need to confirm if this scan for call options? And I also watched your other video "Scanning for High Volatility Stocks" . What will be a good trading strategy for High Volatility stocks? Thank you in advance.

[@tazbaz2000]

Hi, How to filter the scanner by moneyness ? Thanks

[@bernardkruyne8398]

VERY INTERESTED in effectively using the option scanner. IS IT POSSIBLE TO SAVE SCANS? or do I need to start from scratch each time? I am using the Canadian version of Think or Swim.

[@hawkeyehowardinvesting3530]

Great info!! 🕺🏾

[@dbrownjr]

Do you have a Option Hacker for buying puts? I tried taking this video and tried switching a few things around, but wasn't sure I did it right.

[@yuvarajchavan5073]

👏👏👏👌Super Plz do video on NSE .. F&O Stocks option ... call as well as put... option... how the scans save... it

[@jayaramanramakrishnan3251]

Hi Good Video, 1 ) at 11:50, after adding volatility filter, you are showing the volume column in discussion, not volatility, is this imp.volatilty you are looking at?

[@georgelowellohhdgg63nnd96]

great tutorial! Do you know of a way to scan for a strategy? For ex., create a scan for candidates for iron condor (or any other strategy)?

[@notasan]

How can i filter by IV and Theta?

[@notasan]

To clarify IV for individual strikes not "option IV" as defined by TOS (which I still don't know what it means)

[@greywaver8398]

Could I do a formula ? Say I sell an ITM call (I do buy-writes). Stock is 15.00, strike is 12.00. After deducting premium [4.00] rec'd (at midpoint), my net debit is 11.00. (4/15) = 26.66% downside protection. Can I create this as a result, and as a scan criteria. ie. I only want those that provide at least 30% down side protection. Thks! Also, do you have to trade with whoever provides TOS, or could you just hold MM funds there, and perhaps buy CDs so as to have access to TOS for the scanner? Again, thks! 🙂

[@ChaplainDaveSparks]

Something that has me pulling my hair out is ToS’ _Spread Hacker._ I would love to be able to filter options by the % difference of the bid and ask for each option, and only choose those that differ by 10% or less. Thus far, I have to run the spread hacker scan, find a likely spread candidate, then switch to the _Trade_ tab to manually check the bid/ask values. At least I created a custom column which calculates the % of the bid/ask spreads, but it’s tedious to have to switch to _Trade_ to find that out … I have searched in vain for any _Studies_ that incorporate *OPTION* bid/ask as possible inputs. It’s like TD Ameritrade doesn’t want people doing this. Maybe because it would overstress the servers? I’ve done everything I can do to pre-screen by liquidity on the underlying, which at leasts _”guarantees”_ the *possibility* of minimizing slippage, but many results still result in wide spreads, especially with *weekly* options. Is there a *known* way to automate this?

[@tomb4165]

It seems to me that some option spreads just stay narrow while others always have a wide spread and in general this can be volume dependent, as they say. And then there are those that vary even throughout the day, typically when an issue gaps or moves a lot in a short period and seeming to me that the issuer is just protecting their stake, ie keeping others out from gaining entry in anticipation of a reversal as a trader might do with the stock itself. They also do this to protect against overnight moves by assigning a super-high ask vs. the bid right at the close of trading. I am seeing it happen currently. And yes, I agree it is frustrating! Through trial and error, I have manually identified options that seem to stay fairly consistent in their spreads. As you point out, a scanner would be useful as I'm sure I'm missing many others and ultimately what I'd really like to identify is stocks with high volatility and consistently low option spreads, that is, assuming such an animal exists. While many leveraged issues seem to always maintain high spreads, one bull/bear option set I can think of that remains fairly narrow in spreads is TQQQ/SQQQ.

[@africanculture1092]

Is there way to add the option dollar amount?

[@mattyb_740]

The issue I have is having tickers come up if I mix in any kind of custom study in the criteria. I think this is bc tos does not allow customs to scan live option data?

[@rawfreshoner]

That was very helpful. I'm looking to find options with high premium. What's the filters you would use for that? I'm just focusing on selling options for premium.

[@andrewd9633]

Use the bid price instead of ask price and set the min/max for the premiums you want to receive

[@JoseBYOB]

My watchlist is always big boy tickers like AAPL, META, NVDA, SPY, COIN, MSFT, NVDA, etc. I want to apply a scan to these tickers that tells me when they break the daily high/low of the day after 10-10:30am. Is that possible?

[@comeout7331]

I am looking to use this to sell calls and puts for the most money....Do you have a way to set it up for that?

[@slayer17761]

How did you have a black background for the underlying row and a blue/purple one for the table in the scan results?

[@jleoarsenault6107]

Great video. Question can u scan options by ticker ? Or does that fall under a customer list ??

[@efrumento]

Excellent vid! I see I may use a certain array of filters both in the ToS Stock Hacker as well as in the Options Hacker. Besides, I obtain the same listing when setting the same filters, if I scan using the stock hacker and the options hacker. Which is the difference between the hackers? Tks vm.

[@shortthestrike]

Technically, you can scan for the same stuff in both. I generally setup the stock hacker when I create scans specifically for stock results only and the option hacker specifically for options. But you can really make them identical if you wanted to!

[@efrumento]

@@shortthestrike I thought so. Tks vm!

[@NMranchhand]

Can one scan for IV Rank and/or IV percentile? As a stock scan? Custom script? I didn’t see it pre-loaded although they give the one on the, Today’s Options Stats Page (which I learned from you - thank you very much indeed).

[@edcollinge1422]

very good stuff, yes very confusing as I am a new trader, at y-yrs old just learning

[@luly2323]

Can this be done on iPad?

[@Diesel_Dan_______]

Great tutorial Thanks!

[@deezonmustardt6585]

much appreciated, Sir.

[@Zues64]

is there a way to save your custom scans?

[@jamesjones6212]

How does one create the link in these to options one already owns?

[@jimd1617]

thank you 🤝

[@ivocro123]

VERY GOOD. I HAVE ONE REQUEST. CAN YOU MAKE SCAN FOR 1) OPTIONS TRADED AT ASK OR ABOVE % OF TOTAL, AND 2) OPTIONS TRADED AT BID OR BELOW % OF TOTAL? THANKS!

[@eyong888]

I would find that really helpful as well. I've been trying to figure it out on my own but would greatly appreciate any extra guidance. Thank you in advance!

[@lirtowh124]

Can someone do it for the current portal? This looks to be outdated

[@marcusware6343]

Great vid

[@shortthestrike]

Hope it helps!

[@liferay888]

Where is the code?

[@carlwallace8997]

Does an Option Chain in RED mean Sell and the Green mean Buy?

[@shortthestrike]

If you're looking at the option chain its just showing if the recent change was up or down. So has it increased or decreased in price since the last tick. If you're looking at option time and sales the green would mean a purchase and red would mean a sale. Hope that helps!

[@fu2201]

a 3 minute intro