Screening Filters
is_index_component: ['GSPC', 'NDX']
- Purpose: Limit the search to stocks that are part of major U.S. benchmark indexes, specifically the S&P 500 (
GSPC) and Nasdaq-100 (NDX).
- Rationale: “Leading stocks” usually refers to large, well-known, liquid names. Index constituents are a practical proxy for leadership because they tend to be more established, heavily traded, and more likely to have active options markets.
is_optionable: True
- Purpose: Ensure the stock has listed options available.
- Rationale: Since the user is specifically looking for a call option opportunity, the underlying stock must be optionable. This filter removes stocks that cannot be traded through options, improving relevance and usability.
Why These Filters Match the User’s Request
- The user asked for leading stocks with call options priced below $2 average cost.
- We do support the “leading stocks” and “call options available” parts of the request through these filters:
- Index membership is a good way to target leading names.
- Optionability is necessary for any call-option trade.
Important note about the $2 condition:
- The applied filters do not directly screen for the average cost of the call option premium. Instead, they screen for stocks that are more likely to have liquid, tradable options where lower-cost calls may be available.
- In other words, the current filters are effective for narrowing down to the right type of stock, but they do not guarantee that the call contract’s average cost is below $2.
Why the Filters Are Still Useful
- Covers the key tradable universe: stocks in major indexes with active options.
- Improves liquidity: leading index names generally have tighter bid-ask spreads and better options activity.
- Helps find realistic candidates: if the goal is a call option under $2, starting with liquid, optionable large-cap names is a sensible first pass.
Verification of Match
We do not support a direct indicator for option premium average cost in the filters used here. However, the applied filters are still effective because they identify the most relevant stock universe from which lower-cost call opportunities are more likely to be found.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.