Screening Filters & Rationale
RSI (14) between 30 and 70:
- Purpose: Identify stocks that are neither overbought nor oversold, indicating balanced momentum.
- Rationale: This range suggests potential for price movement without extreme volatility, aligning with call option strategies.
Price Above 20-Day Moving Average:
- Purpose: Focus on stocks with upward momentum.
- Rationale: Stocks trading above their short-term trend line often indicate bullish sentiment, suitable for call options.
Weekly Price Change Percentage ≥ 5%:
- Purpose: Target stocks with significant recent price appreciation.
- Rationale: A strong weekly performance may signal continued upward momentum, enhancing call option profitability.
Optionable Stocks Only:
- Purpose: Ensure the stocks selected have available options for trading.
- Rationale: This guarantees the user can execute call option strategies on the identified stocks.
Bullish Option Sentiments:
- Purpose: Prioritize stocks with positive market sentiment in the options market.
- Rationale: Bullish sentiment in options trading often reflects confidence in future price increases, aligning with call option goals.
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.