Use filters to see strategies with specific features. You can filter options strategies by:
Debit Only: Only shows strategies where the premium price is a debit, meaning the user will pay cash when the order executes.
Credit Only: Only shows strategies where the premium price is a credit, meaning the user will receive cash when the order executes.
Premium Paid: Only shows strategies where the estimated potential loss value is less than or equal to the premium paid.
Sorting lets you show results in a specific order. You can sort options strategies by:
Aggressiveness: Low to High: Shows strategies from lowest to highest aggressiveness. Aggressiveness is a pre-defined categorization of the option or options combo based on the type of option strategy being used, and tries to capture the likelihood of the strategy being in-the-money by expiration and by what percent over the cost (premium) of the strategy. Find out more about how Aggressiveness works.
Aggressiveness: High to Low: Shows strategies from highest to lowest aggressiveness. Find out more about how Aggressiveness works.
Probability of Profit (POP) (default selection): Lists strategies starting with those that have the highest likelihood of being in-the-money by expiration, down to those with the lowest. The In-The-Money Probability (“ITM Probability”) represents a likelihood of the option or options combination could be in the money within now and when the option will expire. ITM Probability calculation plots the distribution curve of the possible price points of the underlying security within a selected time frame. It factors in your target market price(s), your target volatility, market implied volatility or the implied forward market price when calculating the distribution curve. ITM Probability takes the probability that the price will be better than the break even price.
Max Potential Gain: High to Low: Lists strategies from those with the highest potential gains to the those with the lowest.
Price: High to Low: Lists strategies from those with the highest price to those with the lowest.
Price: Low to High: Lists strategies from those with the lowest price to the those with highest.
Probability of Profit is a mathematical expression based on accepted industry options pricing and statistical distribution models. Probability of Profit is for informational purposes only and is not a recommendation. Probability of Profit does not consider any individual investor’s financial profile, investment objectives, or other factors that would typically be used when making recommendations. The Probability of Profit calculation does not include fees or commissions.
Options involve risk and are not suitable for all investors. For more information read the “Characteristics and Risks of Standardized Options” that you can find on the OCC website.