ATM Article "An A-to-Z Option Trading Plan": Where find screening tool w/criteria?
Author: lspinv
Creation Date: 7/14/2012 1:31 PM
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lspinv

#1
August 12 issue of Active Trader Magazine contains an article entitled "An A-to-Z Option Trading Plan", in which the author lists the following 5 screening criteria to identify appropriate trade opportunities. I cannot find these screening criteria on Fidelity's website. Can someone direct me to a site that has a screening tool that includes these criteria?

The criteria are as follow:

1. Volume Screen: Stocks with 30-day average volume of 500,000 or more shares.

2. Earnings Screen: Stocks whose recent quarterly earnings exeeded analyst estimates by at least 5 percent.

3. Relative Strength Screen: Stock must be in upper 25 percent of its 52-week range.

4. Option Bid-Ask Screen: Average option bid-ask option spread must be 2 percent or less of the stock price.

5. Option Life Screen: Find options with at least 150-days (five months) until expiration.
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Eugene

#2
Sorry, we only support Wealth-Lab Pro/Developer products here. It hardly will be possible to screen for option-related conditions in Wealth-Lab.
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lspinv

#3
Sorry. I have seen many instances of coded ATM strategies on this site, so thought you all might be connected.

Is there an ATMag discussion site of which you are aware? The magizines' site (www.activetradermag.com) does not have a discussion tab that I have been able to find).

Thanks.
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Eugene

#4
No problem, the question sounded like you were searching for a 3rd party screener site (that I'm not aware of anyway). We're only preparing "Trading System Lab" series, so no connection to this option plan. I'd like to help you out, but since the screen is options specific, it doesn't appear to be possible.
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