Barchart's Options Screener helps you find the best equity option puts and calls using numerous custom filters.
The screener displays probability calculations based on the delayed stock price at the time the strategy is updated. Strikes that have not traded today are excluded from the results.
Options start updating for the new trading day at approximately 9:50a.m. ET. Options information is delayed approximately 25 to 30 minutes, and is updated approximately every 5-minutes through-out the trading day.
Note:Â Expired options are removed from the website Monday - Friday at 7:45pm ET.
Main features of the Screener include:
- Ability to add various filters, with hundreds of different combinations. In addition, you may screen on many of Barchart's most popular pages such as Top 100 Stocks, New Highs and Lows, New Recommendations, and more. You may also screen based on one or more of your Watchlists or Portfolios. This short tutorial gets you started with using filters on screeners.
- Save a Screener: When you've defined filters that you want to use again, save the screener.
- Share Your Screener: Once you've saved a screener in your Barchart account, you can create a "share link" to send to your friends, associates, or any other interested parties. See details below.
- Load a Saved Screener: Select a previously saved set of Screener filters to view today's results.
- View the Results using Flipcharts: Page through charts of the symbols on the results page. You may choose to view charts for the underlying equity or for the option strike when you open the Flipcharts link.
- Download the Results: Download up to 1000 results to a .csv file. The Download will also pull all of the data fields present on the View you use.
- Save Results to a Watchlist: You can save either the underlier symbols or the options symbols presented in the Results tab to any of your Watchlists.
- Automatic Screener Emails: This option is available for Barchart Premier Members. When you save a screener, you can opt to receive the top 10, 25, or 50 results via email along with an optional .csv file of the top 1000 results.
Emails can be sent at Market Open (9:00am CT), Mid-Day (12:00pm CT), End-of-Day (4:45pm CT), and Overnight (3:00am CT) Monday through Friday.
Note: When selecting the Filter View for your Screener email, a filter must identify a specific search value in order for it to be included in the email.
Filters
Barchart Premier subscribers can add or modify different filters on the screener to find calls on the most favorable stock options.
Reordering Filters
Once filters are added, you may drag and drop them in the SET FILTERS tab to reorder the way they appear on the RESULTS tab (when using the Filters View). Each filter you add has the "Order" icon which is used to reposition it.
Deleting Filters
To remove a filter from your screener, click the checkbox to the left of the filter name, then click the red "Delete" button at the top of the column. You may also select all filters for deletion by clicking the checkbox at the top of the column, which selects ALL filters for deletion. You will be asked to confirm your decision to delete.
So you can focus on the best options, the screener starts by removing certain puts and calls:
- Only Monthly options are shown, with Days to Expiration 60 days and less.
- Only stocks are screened (with the ability to add ETFs and Indices to the mix).
- For the US market, the options volume must be greater than or equal to 100, For Canada, volume must be greater than or equal to 5.
- For the US market, open interest must be greater than or equal to 500. For Canada, open interest must be greater than or equal to 25.
- Moneyness is between -25% to -5% (OTM). Moneyness refers to the relative position of the underlying asset's last price to the strike price. When a call option's Moneyness is negative, the underlying last price is less than the strike price; when positive, the underlying last price is greater than the strike price. When a put option's Moneyness is negative, the underlying last price is greater than the strike price; when positive, the underlying last price is less than the strike price. Â
Note: Non-standard or "restricted options" (options quotes marked with an asterisk * after the strike price, and found on an individual symbol's options page) may appear in the Options Screener results. A "restricted option" is typically created after spin-offs or mergers, and is not tradeable.
Views
The Results page contains three standard views. You may switch the view using the links at the top of the screener results table.
The Main View shows the Volume and Open Interest for each option, while the Dividend & Earnings View can be used to highlight strategies with upcoming dividends and earnings.
The Filter view shows you the data contained in the field(s) you've added to the screener.
Main View
- Symbol - the underlying equity. Clicking on the symbol will take you to the current quote page.
- Price~Â - the delayed stock price for the underlying equity.
- Expiration Date - the expiration date of the option
- Strike - the price at which the underlying security can be bought if the option is exercised.
- Moneyness -  the relative position of the underlying asset's last price to the strike price. When a call option's Moneyness is negative, the underlying last price is less than the strike price; when positive, the underlying last price is greater than the strike price. When a put option's Moneyness is negative, the underlying last price is greater than the strike price; when positive, the underlying last price is less than the strike price.
- Ask - The lowest price that a SELLER is willing to receive, or the price at which you can buy the option.
- %TP Ask - the amount by which an option's price exceeds its intrinsic value if ITM ((Ask - Intrinsic Value) / Stock Price); else if OTM then (Ask / Stock Price)
- BE (Ask) - Break Even based on the Ask Price. Strike Price + Ask Price for calls; Strike Price - Ask Price for puts.
- %BE (Ask) - the percentage by which the stock price has to move to reach break even. ((Strike + Ask - Stock Price) / Stock Price) * 100 for calls and ((Strike - Ask - Stock Price) / Stock Price) * 100 for puts.
- Volume - the total number of options traded in the current day for a contract.
- Open Interest - the total number of open option contracts in the market for a particular contract. The more popular the contract is with options traders, the greater the Open Interest. An opening transaction will increase the Open Interest, and a closing transaction will decrease it.
- IV Rank - the ATM average implied volatility relative to the highest and lowest values over the past 1-year. If IV Rank is 100% this means the IV is at its highest level over the past 1-year.
- Implied Volatility (IV)- the estimated volatility of the option strike over the period of the option.
- Delta - Theoretical amount the option price may change based on $1 move in stock price.
- Profit Probability - The likelihood of this strategy making money.
- Last Trade - the date/time of the last trade for the option. Options information is delayed a minimum of 15 minutes, and is updated at least once every 15-minutes through-out the day.Â
Dividend & Earnings View
- Next Dividend - the next dividend amount anticipated on the next ex-dividend date.
- Next Dividend Ex-Date - the next ex-dividend date. When no future ex-dividend date has been released, this field will show "N/A".
- Next Earnings Date - The future earnings date. If no future date has been released, this field will show "N/A".
Options View
- Symbol - the underlying equity. Clicking on the symbol will take you to the current quote page.
- Price~Â - the delayed stock price for the underlying equity.
- Exp Date - the expiration date of the option
- Strike - the price at which the underlying security can be bought if the option is exercised.
- Bid - The highest price that a BUYER is willing to pay, or the price at which you can sell the option.
- Ask - The lowest price that a SELLER is willing to receive, or the price at which you can buy the option.
- Volume - the total number of options traded in the current day for a contract.
- Open Interest - the total number of open option contracts in the market for a particular contract. The more popular the contract is with options traders, the greater the Open Interest. An opening transaction will increase the Open Interest, and a closing transaction will decrease it.
- Implied Volatility (IV)- the estimated volatility of the option strike over the period of the option.
- Delta - Measures the sensitivity of an option's theoretical value to a change in the price of the underlying asset.
- Gamma - Measures the rate of change in the delta for each one-point increase in the underlying asset.
- Theta - A measure of the time decay of an option, the dollar amount that an option will lose each day due to the passage of time.
- Vega - Measures the sensitivity of the price of an option to changes in volatility.
- ITM Probability - For a call option, the probability that the underlying price is above the option's strike price at expiration. For a put option, the probability that the underlying price is below the option's strike price at expiration.
- Last Trade - the date/time of the last trade for the option. Options information is delayed a minimum of 15 minutes, and is updated at least once every 15-minutes through-out the day.
Share Screener
Once you save a screener to your account, you may share either the details of the screener (including all your filters) or just the results of your screener with anyone you send the link to.
First, save your screener, making sure the view and sort you select in the saved screener modal is the one you want to share. You may share any of our "Standard" views (Main, Technical, Performance, etc.) or the Filter view. Shared screeners saved using one of your Custom views will only share the Filter view, as the Custom view is specific to your Barchart account.
Next, click the "share" link found on the Results tab. You will be asked what to share:
- Share Screener with Filters - the people you share the link with will be able to save the same screener in their Barchart account and view/modify the filters you used.
- Only Share the Results - the people you share the link with will not be able to save this screener in their Barchart account or view the filters you used to create the screener. This option would be used if you wish to keep your screener filters proprietary.
The share link is copied to your clipboard, and you are now free to send that link to anyone. Any further changes you save to your screener are automatically updated on the "share link" you initially generated.
Furthermore, if the end-user bookmarks the shared link (regardless of whether filters were shared or not) they will always see new results each time they open the link.
