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Predefined scans
In Option Samurai we allow you to create your own scans, suitable to your personal preferences. But we also created dozens of scans that you can run as is or modify and save as your own.
Safe covered calls
This scan searches for covered calls that are relatively ‘safe’. This means we accept only profitable and excellent companies (measured by Samurai Stock Score), that analysts project continued growth in their bottom line. We also look for high yield (above 12.5% annualized), no earnings event, and margin of safety for the strike.
Risky puts
This scan searches for companies with the potential to decrease in value. We limit the risk to about $100 and make sure that the trade will be profitable with a decrease of less than 3%. We look for more than 10 days in the trade and IV rank <50%. We also make sure that the company volatility is sufficiently above the break-even point.
Buy calls with max loss of $100
This scan searches for above-average companies with potential to increase in value. We limit the risk to $100 and make sure that the trade will be profitable with an increase of less than 3%. We look for more than 10 days in the trade and IV rank <50%. This trade offers limited risk and unlimited reward and can be integrated with other catalysts (such as insiders buying, new 52w high, increased profitability, and more).
Dividend Capture
This scan aims to initiate a covered call strategy on a dividend-paying stock, where the Ex-dividend date is before the option expiration. Thus leading for 2 income streams. We limit to quality companies (measured by Samurai Stock Score) and have no earning prior to expiration. We want at the money or slightly in the money options that produce at least a 10% annualized yield regardless of the dividend.
Risky Covered calls
This scan searches for covered calls that have rich premiums (IV rank > 50%) and the companies have good potential to rise (as measured by Samurai Stock Score). The scan aims for more than 60% annualized return and no earnings event.
High Probability Naked Puts
This scan looks to sell cash-secured puts that have a high probability to expire worthless (using implied volatility as derived from the implied volatility of the options). We limit the results for good companies with more than 10% annualized return, and no corp actions projected before expiration.
Buy cheap calls
This scan looks to buy calls where the stock volatility (as measured by the ATR) is at least 3 times higher than the options break-even point. This can indicate that even a ‘normal’ move in the stock can lead to high profits in the option position. We look for calls that have more than 15 days to expiration, less than 3% break-even point, max loss is less than 5% of buying the stock and no dividends.
Buy cheap puts
This scan looks to buy puts where the stock volatility (as measured by the ATR) is at least 3 times higher than the option break even point. This can indicate that even a ‘normal’ move in the stock can lead to high profits in the option position. We look for puts that have more than 13 days to expiration, less than 3% break even point, max loss is less than 7.5% of shorting the stock and Samurai Stock Score of 1-5 (below average)
Sell OTM put spreads
This scan looks to sell put spreads below current stock price. We look for positive expected value, at-least 30% return on risk and more than 2 times the ATR as margin of safety.
Sell OTM call spreads
This scan looks to sell call spreads above current stock price. We look for positive expected value, at-least 30% return on risk and more than 2 times the ATR as margin of safety.
Sell OTM puts with high margin of safety
This scan looks to sell puts below current stock price. We look for more than 3 ATRs below market price, at least 10% un-leveraged return, and high liquidity.
High probability Iron Condors
This scan looks to sell Iron condor with probability of above 70% of max profit. We look for positive expected value and more than 30% return on risk. The profit zone is at least 2ATR in each direction.
Straddles with more than 50% prob of profit
This scan looks to buy straddles with probability of profit above 50%. We look for more than 13 days to expiration and max loss of up to $1000.
High probability bull call spreads
This scan looks to buy bullish call spreads where the probability of profit above 80%, the risk-reward ratio is above 50% and the expected value is positive.
High probability bear put spreads
This scan looks to buy bear put spreads where the probability of profit above 80%, the risk-reward ratio is above 50% and the expected value is positive.
Low risk - high reward bull call spreads
This scan looks to buy bull call spreads where the probability of profit above 20%, the risk-reward ratio is above 500% . This scan is good when anticipating market movement up.
Low risk - high reward bear put spreads
This scan looks to buy bull call spreads where the probability of profit above 20%, the risk-reward ratio is above 500%. This scan is good when anticipating market movement down.
Earning play - Buy Straddles
This scan looks to buy straddle on stocks that have earning events before expiration. We look for straddle that has loss range of less than 5 ATR, which means that a move of 2.5 ATR to each direction will lead to profit.
Earning play – Sell Iron Condor
This strategy looks to sell iron condor on stocks that have earning events before expiration. We look for IC that have at least 30% return on risk and 3 ATR range to each side
Safe covered calls
This scan searches for covered calls that are relatively ‘safe’. This means we accept only profitable and excellent companies (measured by Samurai Stock Score), that analysts project continued growth in their bottom line. We also look for high yield (above 12.5% annualized), no earnings event, and margin of safety for the strike.
Risky puts
This scan searches for companies with the potential to decrease in value. We limit the risk to about $100 and make sure that the trade will be profitable with a decrease of less than 3%. We look for more than 10 days in the trade and IV rank <50%. We also make sure that the company volatility is sufficiently above the break-even point.
Buy calls with max loss of $100
This scan searches for above-average companies with potential to increase in value. We limit the risk to $100 and make sure that the trade will be profitable with an increase of less than 3%. We look for more than 10 days in the trade and IV rank <50%. This trade offers limited risk and unlimited reward and can be integrated with other catalysts (such as insiders buying, new 52w high, increased profitability, and more).
Dividend Capture
This scan aims to initiate a covered call strategy on a dividend-paying stock, where the Ex-dividend date is before the option expiration. Thus leading for 2 income streams. We limit to quality companies (measured by Samurai Stock Score) and have no earning prior to expiration. We want at the money or slightly in the money options that produce at least a 10% annualized yield regardless of the dividend.
Risky Covered calls
This scan searches for covered calls that have rich premiums (IV rank > 50%) and the companies have good potential to rise (as measured by Samurai Stock Score). The scan aims for more than 60% annualized return and no earnings event.
High Probability Naked Puts
This scan looks to sell cash-secured puts that have a high probability to expire worthless (using implied volatility as derived from the implied volatility of the options). We limit the results for good companies with more than 10% annualized return, and no corp actions projected before expiration.
Buy cheap calls
This scan looks to buy calls where the stock volatility (as measured by the ATR) is at least 3 times higher than the options break-even point. This can indicate that even a ‘normal’ move in the stock can lead to high profits in the option position. We look for calls that have more than 15 days to expiration, less than 3% break-even point, max loss is less than 5% of buying the stock and no dividends.
Buy cheap puts
This scan looks to buy puts where the stock volatility (as measured by the ATR) is at least 3 times higher than the option break even point. This can indicate that even a ‘normal’ move in the stock can lead to high profits in the option position. We look for puts that have more than 13 days to expiration, less than 3% break even point, max loss is less than 7.5% of shorting the stock and Samurai Stock Score of 1-5 (below average)
Sell OTM put spreads
This scan looks to sell put spreads below current stock price. We look for positive expected value, at-least 30% return on risk and more than 2 times the ATR as margin of safety.
Sell OTM call spreads
This scan looks to sell call spreads above current stock price. We look for positive expected value, at-least 30% return on risk and more than 2 times the ATR as margin of safety.
Sell OTM puts with high margin of safety
This scan looks to sell puts below current stock price. We look for more than 3 ATRs below market price, at least 10% un-leveraged return, and high liquidity.
High probability Iron Condors
This scan looks to sell Iron condor with probability of above 70% of max profit. We look for positive expected value and more than 30% return on risk. The profit zone is at least 2ATR in each direction.
Straddles with more than 50% prob of profit
This scan looks to buy straddles with probability of profit above 50%. We look for more than 13 days to expiration and max loss of up to $1000.
High probability bull call spreads
This scan looks to buy bullish call spreads where the probability of profit above 80%, the risk-reward ratio is above 50% and the expected value is positive.
High probability bear put spreads
This scan looks to buy bear put spreads where the probability of profit above 80%, the risk-reward ratio is above 50% and the expected value is positive.
Low risk - high reward bull call spreads
This scan looks to buy bull call spreads where the probability of profit above 20%, the risk-reward ratio is above 500% . This scan is good when anticipating market movement up.
Low risk - high reward bear put spreads
This scan looks to buy bull call spreads where the probability of profit above 20%, the risk-reward ratio is above 500%. This scan is good when anticipating market movement down.
Earning play - Buy Straddles
This scan looks to buy straddle on stocks that have earning events before expiration. We look for straddle that has loss range of less than 5 ATR, which means that a move of 2.5 ATR to each direction will lead to profit.
Earning play – Sell Iron Condor
This strategy looks to sell iron condor on stocks that have earning events before expiration. We look for IC that have at least 30% return on risk and 3 ATR range to each side
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