Short Strangle Option Screener
[Neutral | Limited Profit | Unlimited Loss] The short strangle strategy anticipates volatility to decrease and the underlying security to trade within a specific price range. The short strangle option strategy involves selling a call option and selling a put option at a lower strike price. Maximum loss can be significant if the underlying security aggressively moves in either direction. Maximum profit is the premium received for the short call and short put (Net Credit). The short strangle strategy succeeds if the underlying security is trading within the range between downside breakeven (lower strike - Net Credit) and upside breakeven (higher strike + Net Credit) at expiration. Maximum profit is achieved if the underlying security is between the strike prices at expiration. [Learn More] [Watch on YouTube]
Mon, Apr 14th, 2025
Filter
Order
Days to Expiration
Range:
to
< 60
60 - 100
100 - 150
150 - 200
> 200
Security Type
Volume Leg 1
Total Leg 1 options traded for the day.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Volume Leg 2
Total Leg 2 options traded for the day.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Open Interest Leg 1
Open Interest for the Leg 1 option.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Open Interest Leg 2
Open Interest for the Leg 2 option.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Delta Leg 1
Theoretical amount the Leg 1 option price is expected to change based on $1 move in stock price.
Range:
to
Low
0 to -0.25
Medium
-0.25 to -0.50
High
-0.50 to -0.75
Very High
below -0.75
Delta Leg 2
Theoretical amount the Leg 2 option price may change based on $1 move in stock price.
Range:
to
Low
0 to 0.25
Medium
0.25 to 0.50
High
0.50 to 0.75
Very High
above 0.75
Bid Price Leg 1
Bid price for the Leg 1 option.
Bid Price Leg 2
Bid Price for the Leg 2 option.
Probability of Max Profit
The likelihood of the strategy returning the maximum profit.
%
Probability of Loss
Probability of Loss is the likelihood of this strategy losing money
%
Results:
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